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May incur
indebtedness
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erty within the corporate limits, in excess of the annual reve-
nue of the town, and shall, whenever any such debt is created,
provide for the payment thereof, by the issuing certificates
of indebtedness, at such rate of interest as the council may
deem advisable, which shall be payable within twenty years,
in the discretion of said council; provided, however, that no
such debt shall be incurred and no such certificate of indebt-
edness issued, except as follows: the council shall, by ordi-
nance passed by yeas and nays, specify the particular purpose
or purposes for which, the indebtedness is to be created, the
amount, the rate of interest, and the manner of payment, they
shall then provide in said ordinance for submitting the ques-
tion of the creation of such debt to the resident taxpayers of
the town, at a special municipal election to be called by the
council for that purpose, notice of which shall be posted in
five conspicuous places in the town, and published in some
newspaper of general circulation therein once a week for
three weeks next preceding such election, the notice and
publication shall recite the ordinance and describe the
indebtedness to be created, the ballots shall be printed " for
the debit," and "against the debit," if two-thirds of the resident
taxpayers of the town so voting at such election shall vote in
favor of the debt, and not otherwise, the council may incur such
debt and issue the amount of certificates of indebtedness so spec-
ified; provided, that the payment of dog tax shall not constitute
any person a taxpayer within the intents of this section; and pro-
vided also, that a residence of three months in said town shall
be necessary to qualify a taxpayer to vote under the provision
of this section; the council may in addition issue special im-
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May Issue.
improvment
bonds,
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provement bonds to pay for any work or improvement author-
ized by the charter in the manner following: They shall pre-
pare an ordinance specifying the nature and estimated cost of
the work of improvement, manner of payment by special im-
provement bonds, specifically designating the property to be
taxed to pay for the same, and said ordinance may provide for
an extension of such work or improvement within specifically
described limits from time to time, to be paid by additional
issues of such bonds, and may provide that certain prescribed
parts of the work of improvement or certain percentage of its
cost shall be paid by the corporation providing for a vote of
the taxpayers, as heretofore prescribed in this section; said
proposed ordinance shall be posted in five conspicuous places in
the town, and published once a week for three weeks, with a
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