|
FRANK BROWN, ESQUIRE, GOVERNOR.
by the president of the board of commissioners of said county
and countersigned by the clerk of said board; said bonds to
bear interest at a rate not exceeding five per cent, per annum
payable semi-annually, on the first day ot October in each and
every year, during which said bonds may run and remain
unpaid; and the coupons for interest on said bonds shall be
receivable by the collector of taxes for said county in payment
of county taxes; and said bonds shall be exempted from county
taxation.
|
1057
|
|
|
SEC 2 And be it enacted, That said bonds shall be issued
so as to mature at such dates as shall not require the payment
in any one year of more than one thousand dollars of the
principal sum thereof, and shall be redeemable at the pleasure
of said County Commissioners, at or before their maturity;
but none of said bonds shall be issued to mature before the
first day of April in the year eighteen hundred and ninety-
five.
SEC. 3. And be it enacted, That to redeem said bonds the
|
Maturity of
bonds.
|
|
|
County Commissioners of Washington county shall annually
levy upon the assessable property of said county a tas suffi-
cient to pay the interest on said bonds and the principal on
such portions thereof as may mature in each and every year
after the date of their issue, and the fund realized from said
levy shall be designated "The Insane Asylum Fund."
|
To levy tax to
pay interest
and prin-
cipal.
|
|
|
SEC. 4. And be it enacted, That the proceeds arising from
the sale of the aforesaid bonds shall be expended, or so much
thereof as may be necessary, by the County Commissioners of
Washington county, cither "directly Or through such agency or
agenc.es as they, the said County Commissioners, may deem
advisable, for the erection or establishment of an asylum for
the insane of Washington county, which asylum may be
secured or provided either by the building of a new and
separate institution, or by an alteration, enlargement or addi-
tion to the present almshonse, known as Belleview, or in any
other manner that the said County Commissioners may regard
as best and most advantageous for the purpose heretofore
|
Proceeds.
how to be
applied.
|
|