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Session Laws, 1922
Volume 563, Page 941   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 941

ing and other services, that may be necessary for carrying out
the provisions of this Act.

SEC. 2. And be it further enacted. That "The Commission-
ers of Vienna" are authorized, empowered and directed to bor-
row money on the faith and credit of said town not to exceed in
the aggregate the sum of twenty thousand dollars ($20,000.00),
and to issue coupon bonds of said town in payment of said
sum and interest to accrue, provided, however, that the ques-
tion of the issuing of said bonds shall be submitted to the
voters of said town qualified to vote for the Commissioners of
Vienna at the election to be held in said town, as hereinafter
provided. The said bonds shall be issued in the denomina-
tions of five hundred dollars ($500.00) ; each shall have cou-
pons attached for the interest thereon, payable semi-annually
at the rate not exceeding 6% per annum. The bonds shall be
signed by "The Commissioners of Vienna" with the corporate
seal of said Commissioners affixed and shall be registered by
the Clerk of said Commissioners in a book to be kept for that
purpose. The coupons attached to said bonds shall be signed
by the Clerk of the said Commissioners, Said bonds shall be
issued at such time as "The Commissioners of Vienna" shall
determine, subject to the provisions of this Act. The bonds
shall be designated as the "Vienna Water Bonds" and num-
bered consecutively from one to forty inclusive, and shall be
redeemable in the order in which they are numbered in sums of
five hundred dollars ($500.00) in each and every year begin-
ning two years from the date said bonds are issued, the first
bond redeemable at said date being bond "No. 1 for the said sum
of five hundred dollars ($500.00), and one bond for the said
sum of five hundred dollars ($500.00) according to consecu-
tive number, shall be paid each year thereafter until all of
said bonds shall have been paid. The said bonds shall be ex-
empt from state, county and municipal taxation and shall have
printed on them a reference to the Act of the Assembly au-
thorizing their issue.

SEC. 3. And be it further enacted, That the said bonds shall
be sold only to the highest responsible bidder, upon the receipt
of sealed bids, after due and proper advertisement in the public
press; provided, however, that "The Commissioners of Vi-
enna" may reject all bids, if they shall deem such action ad-
visable. "The Commissioners of Vienna" may sell all of said
bonds at one time or they may sell them in more than one
series, as they may deem advantageous in carrying on the work

 

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Session Laws, 1922
Volume 563, Page 941   View pdf image (33K)
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