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Session Laws, 1878
Volume 399, Page 605   View pdf image (33K)
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JOHN LEE CARROLL, ESQUIRE, GOVERNOR. 605.

sinking fund;" and no portion of said sinking fund

 

or its increase shall ever be diverted to any other

 

purpose than the increase thereof, until the maturity

 

of the bonds, when the whole amount, or so much

 

as may be necessary, shall be applied to the dis-

 

charge of the bonds then unpaid.

 

SEC. 3. And be it enacted, That the said bonds

 

shall be applied to the payment of the present debts

How applied

of the corporation, and the coupons attached to said

 

bonds shall be receivable in payment of city taxes

 

on the requirement of the holder thereof.

 

SEC. 4. And be it enacted, That this act shall be

 

submitted to a vote of the legal voters in said city

 

for approval or disapproval of the issue of said

 

bonds, at an election to be held on such day as the

Submitted for

said Mayor, Counsellor and Aldermen shall appoint,

approval.

which election shall be held and conducted in the

 

same manner as the elections for Mayor, Counsellor

 

and Aldermen are now held and conducted, and

 

each voter, on his ballot, shall express his approval

 

or disapproval by writing or printing thereon the
words, "For the proposed issue of bonds," or

 

"Against the proposed issue of bonds." The re-

 

turns of said election shall be made to the Mayor,

 

who shall report the same to the corporation, and

 

publish the same in one or more of the city papers.

 

SEC. 5. And be it enacted, That this act shall be

 

published in at least two newspapers published in

 

the said city —— for at least one month before
the said election ; and the said Mayor, Counsellor

How opera-
tive.

and Aldermen of said city are hereby authorized to

 

pass such ordinance as may be necessary to carry

 

this act into effect.

 

SEC. 6. And be it enacted, That this act shall take

In force.

effect from the date of its passage.

 

Approved April 1, 1878.

 


 

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Session Laws, 1878
Volume 399, Page 605   View pdf image (33K)
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