ALBERT C. RITCHIE, GOVERNOR. 81

the serial annuity plan, the details of the application of the
plan to this issue, if so issued, to be determined by the Mayor
and Council of Oakland.

SEC. 5. And be it further enacted, That the bonds hereby
authorized to be issued shall be exempt from State, county and
municipal taxation.

SEC. 6. And be it further enacted, That the bonds issued
hereunder shall be the direct obligation of the said town, and
the said town shall be responsible for the payment therefor.
That for the purpose of redeeming said bonds and paying the
interest thereon the Mayor and Council of Oakland are hereby
authorized to levy on all property situated in the town limits
of said town such a sum as may be necessary to pay the in-
terest on said bonds and to create a sinking fund sufficient to
pay all of said bonds as they mature, said tax herein author
ized to be in addition to all taxes now authorized by law. The
said sinking fund to be kept separate from all other town
funds and used for no other purpose than for the payment of
said bonds.

SEC. 7. And be U further enacted, That at a special elec-
tion to be held in the Town of Oakland after the taking effect
of this Act (the exact date of which to be determined by the
Mayor and Council of Oakland), there shall be submitted to
the qualified voters of Oakland the questions whether the
Mayor and Council of Oakland shall have authority to repave
the roads of the said town and make the general improvements
and to issue bonds, and at such special election the ballots
used and cast upon the questions shall have printed or written
thereon the words "For the Improvements and Bond Issue"
and "Against the Improvements and Bond Issue, " and if a
majority of the votes cast upon said questions shall be ''For
the Improvements and Bond Issue, " the Mayor and Coun-
cil of Oakland shall proceed to exercise the power vested in
them by this Act; but if a majority of the votes cast upon said
questions shall be "Against the Improvements and Bond Is-
sue, " then the questions before mentioned shall be submitted
in the same manner at the succeeding regular town election
for a period of three successive years, if they shall not be
approved before the expiration of such period. If at the last
regular election in such period, the majority of the votes cast
upon said questions shall be "Against the Improvements and
Bond Issue, " then this Act shall be null and void, and said