ALBERT C. RITCHIE, GOVERNOR. 227

time ten per cent, of the assessed valuation of the property in
said city; and further provided, that it shall not have power to
pledge the faith and credit of said city for any sum exceeding
fifteen thousand dollars without first submitting the question to
the voters of said city after twenty days' notice by handbills or

otherwise and two-thirds of the legal votes cast being in favor
thereof. The said sum of fifteen thousand dollars hereby speci-
fied being intended to be an amount in excess, at any one time,
of the amount which shall be ascertained by the finance com-
mittee to be collectible from taxes for the current year. And
if said Mayor and City Council shall be authorized by the vote
above mentioned at any time to pledge the credit of the city
to the amount of ten thousand dollars or more, then they may
at once issue coupon bonds of said corporation therefor, at a
rate of interest not exceeding six per centum per annum, and
payable in not less than thirty or more than fifty years with
interest payable semi-annually; and may levy a tax to pay the
interest thereon and provide a sinking fund for the redemption
of said bonds.

56. Said Mayor and City Council shall have power to cause
an assessment to be made of all property; real, personal and
otherwise within said city, and securities liable to State and
County taxes and for said assessment, said Mayor and City
Council shall accept the value placed by the State and County
assessment and by the State Tax Commission assessment upon
the said respective classes of property within the said city. And
said Mayor and City Council shall also have power to levy
thereon a tax not exceeding in any one year seventy-five ($. 75)
cents on every one hundred ($100. 00) dollars worth of assess-
able property for general purposes, and such other amount as
may be necessary to pay the interest and sinking fund require-
ments on all bonds and other obligations of said city now out-
standing, or that may hereafter become outstanding.

57. It shall be the duty of the City Auditor of said city to
place the name of every person subject to taxation for property
in said city on the Tax Ledger, and to place also on said Tax
Ledger all property subject to taxation in said city, together
with the values placed by the State and County assessment and
by the State Tax Commission upon said property; and he shall
also place thereon such new assessments and transfers as may
be in the hands of the County Commissioners, and reported to
him by the Tax Collector or sent to him by the State Tax Com-
mission during the period of time between the preceding Janu-