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Session Laws, 1904
Volume 209, Page 813   View pdf image
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EDWIN WARFIELD, ESQ., GOVERNOR.

813

.submitted to the legal and qualified voters of said town to

 

decide by ballot whether or not said bonds shall be issued ;

 

and that the question whether or not the Mayor and Council

 

of Brunswick shall issue coupon bonds to an amount not

 

exceeding ten thousand dollars shall be submitted to the legal

 

and qualified voters of said town, in said county, at a special

 

election to be held on the ———— day of April, A. D. 1904;

 

in order to advise the citizens of the said town of the intent

 

of this Act, it shall be the duty of the Mayor and Council

Duty of Coun-

of Brunswick to publish in some newspaper printed in said

cil.

town the substance of this Act for ten days previous to said

 

election, and by such other notice as they may deem necessary

 

and proper.

 

SEC. 2. And be it enacted. That the election provided for

 

in Section I hereof shall be held in the same manner and under

 

the same rules and regulations as other elections for Mayor

 

and members of the Council of said town; and the ballots

Elections.

shall have printed on them "For the issue of improvement

 

bond" and "Against the issue of improvement bonds," The

 

returns of said election shall be made in the same manner

 

as is provided for in an election of municipal officers; and

 

if a majority of the votes cast shall be against the issue of im-

 

provement bonds," then and in that case no bonds shall be

 

issued; but if a majority of the votes cast shall be For

 

the issue of improvement bonds," then the said Mayor and

 

City Council of Brunswick max issue said improvement bonds

 

to an amount not exceeding ten thousand dollars, as herein-

 

after provided.

 

SEC. 3. And be it enacted, That if the decision of the said

 

election shall be for the issuing of improvement bonds for

Improvement

the purpose of improving the streets and alleys of said town,

bonds.

the Mayor and Council of Brunswick are hereby authorized,

 

at any time thereafter, to borrow on the credit of the town

 

of Brunswick an amount not exceeding the sum of ten thousand

 

dollars, and to issue coupon bonds therefor in the name of

 

said municipal corporation, to be denominated and known as

 

"Improvement Bonds" in sums of not less than one hundred

 

dollars each, and said bonds shall be signed by the Mayor

 

and clerk of said town and sealed with the seal of said

 

corporation, and to be registered by the clerk in a separate

 

book kept for that purpose; each of said bonds shall bear

 

interest at the rate of four per cent, per annum, payable

 

annually in each and every year until said bonds are paid,

 

on presentation of interest coupons to be issued with the

 


 
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Session Laws, 1904
Volume 209, Page 813   View pdf image
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