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Session Laws, 1914
Volume 533, Page 1053   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 1053

City of Cumberland and attested by the City Clerk, with the
corporate seal of the said city thereunto attached; said bonds
to bear interest at the rate of not more than five per centum
(5%) per annum, payable semi-annually, for which interest
proper coupons are to be attached to said bonds; said bonds to
be payable to the amount of fifteen thousand ($15,000) dollars
in each year after the year of their issue, according to the serial
number of said bonds; provided, that at the general election
held in the City of Cumberland in March, 1916, or at a special
election ordered by said Mayor and City Council at some time
prior to said general election (said Mayor and City Council
of Cumberland being hereby empowered to call such special
election for the purpose herein set forth), the voters of the City
of Cumberland by a majority shall decide that said bonds shall
issue; and there shall be placed upon the ballot used at said gen-
eral election or at said special election if called as a f oresaid, the
words "For Paving Bonds" and the words "Against Paving
Bonds." If the majority of voters shall vote for the paving

bonds, said bonds shall issue, and if a majority of said voters
shall vote against the issuance of said bonds this Act shall be-

come null and void. If the majority of the voters shall vote
for the issuance of said bonds, the Mayor and City Council of
Cumberland shall cause an advertisement to be inserted in at

least two daily newspapers of the City of Cumberland once a
week for not less than four consecutive weeks, asking bids on

said bonds, and stating time and place when and where said
bids will be opened. The said bids shall be filed with the City
Clerk of the City of Cumberland and at the time advertised
shall be opened by him in the presence of the Mayor and City
Council of Cumberland, and if the said bids are satisfactory the
Mayor and City Council shall issue the said bonds as far as
possible to the highest bidder or bidders. The Mayor and City

Council of Cumberland may, if in their opinion the bids are in-
sufficient or unsatisfactory, refuse any and all bids and may re-
advertise for further bids as above specified.

SEC. 2. And be it enacted, That upon the issuance of said
bonds, the amount of money so received therefor shall be placed
in a fund and used by the Mayor and City Council in paving
such streets and alleys as they shall deem proper under all the

powers which now prevail in the City of Cumberland for the
paving of streets and alleys, with all the rights and privileges
to the said Mayor and City Council of Cumberland to file liens
and collect the same as is now secured to said Mayor and City

Council by the Charter of the City of Cumberland, and when

 

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Session Laws, 1914
Volume 533, Page 1053   View pdf image (33K)
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