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CHAP, 525
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authorized and empowered and directed to borrow money on
the credit of the said town of Williamsport to an amount not
exceeding ten thousand dollars and to issue registered coupon
bonds of said town in payment of the said sum and the
interest to accrue; provided, however, that the question of
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Submitted to
the legal
voters for
ratification.
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the issue of the said bonds shall be submitted to the legal
and qualified voters of said town of Williamsport at the elec-
tion held in said town as hereinafter provided; the said
bonds shall be issued in sums of five hundred dollars each,
shall have coupons attached for the interest thereon, payable
semi-annually at the rate not exceeding five per cent, per
annum; they shall be signed by the Burgess and counter-
signed by the clerk to the Burgess and Commissioners of said
town with the corporate seal of said Burgess and Commis-
sioners affixed, and shall be registered by the said clerk in a.
book kept for the purpose; said bonds shall be designated
as Supplemental Electric Light bonds. The said bonds shall
be issued at such time as the Burgess and Commissioners
aforesaid shall, determine, subject to the provisions of this
Act; provided, that the date of issue shall not be more than
sixty days after the date of the special election held as here-
inafter provided. The said bonds shall be issued in series
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Bonds to be
Issued in
series.
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of one thousand dollars each, to be designated as Series A,
Series B, Series C, Series D, Series E, Series F, Series G,.
Series H, Series I, and Series K, respectively, and the bonds
of each series shall be numbered No. 1 and No. 2, respec-
tively. Bond No. 1 of Series A shall fall due twelve years
after the date of its issue; bond No. 2, Series A, thirteen
years after the date of its issue, and bond in each succeeding
year thereafter, in the order as above designated; they
shall be sold at public sale to the highest bidder, but no
bond shall be sold for less than its par value; they shall be
exempt from municipal and county taxation and shall have
printed on them a reference to the Act of Assembly authoriz-
ing their issue.
SEC. 2. And be it enacted, That a special election shall be-
held in the town of Williamsport on such day as shall be
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Special
election to
be held.
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determined upon by the Burgess and Commissioners of
Williamsport, provided said special election be held not later
than the 31st day of August, A. D. 1907, at which election a.
vote shall be taken by the legal and qualified voters of the said
town of Williamsport whether or not the bond issue herein
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