JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 605.
sinking fund;" and no portion of said sinking fund
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or its increase shall ever be diverted to any other
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purpose than the increase thereof, until the maturity
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of the bonds, when the whole amount, or so much
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as may be necessary, shall be applied to the dis-
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charge of the bonds then unpaid.
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SEC. 3. And be it enacted, That the said bonds
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shall be applied to the payment of the present debts
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How applied
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of the corporation, and the coupons attached to said
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bonds shall be receivable in payment of city taxes
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on the requirement of the holder thereof.
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SEC. 4. And be it enacted, That this act shall be
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submitted to a vote of the legal voters in said city
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for approval or disapproval of the issue of said
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bonds, at an election to be held on such day as the
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Submitted for
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said Mayor, Counsellor and Aldermen shall appoint,
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approval.
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which election shall be held and conducted in the
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same manner as the elections for Mayor, Counsellor
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and Aldermen are now held and conducted, and
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each voter, on his ballot, shall express his approval
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or disapproval by writing or printing thereon the
words, "For the proposed issue of bonds," or
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"Against the proposed issue of bonds." The re-
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turns of said election shall be made to the Mayor,
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who shall report the same to the corporation, and
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publish the same in one or more of the city papers.
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SEC. 5. And be it enacted, That this act shall be
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published in at least two newspapers published in
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the said city —— for at least one month before
the said election ; and the said Mayor, Counsellor
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How opera-
tive.
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and Aldermen of said city are hereby authorized to
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pass such ordinance as may be necessary to carry
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this act into effect.
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SEC. 6. And be it enacted, That this act shall take
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In force.
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effect from the date of its passage.
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Approved April 1, 1878.
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