Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1854-06-03

esived BY the city furnishing such supply. shall
be sFplied 10 The payment q the interest On the
sum borrowed foT the construction of such va
tsr-xorks, or 10 defray the sxPensee Of theii
management as the beard Of trustees for uAteI
works shall direct
See 5. That upon the snnexation Of one
municipal corporation TO another municipal cor
poration, A. provided by statute, the water
works Heretofore constructed BY either corpora.
ton. shall thereby become the joint property Of
the united corporation, and shall thereafter be
managed By the board Of trustees Of the eorpor-
alton % which such annexatien shall have been
made; and any contact which may have been en-
tered into, BY such municipal corporation. for
the supply, BY one to the other, Of water, as
above provided, shall thereby be terminated; and
so much Of the debt incurred by either, in the
construction Of uater-works, As remains un-
paid, shall thereafter be charge upon the uni
ted corporation. TO the same extent that the
separate debt Of either, incurred as aforesaid,
was. before such union, charge upon the cor
poration which constructed the same.
Sec. 4. That section i've Of the act entitled
an act TO amend the act entitled "an act to pro-
vide for the organization of cities and incorpora-
ted villages" passed March ii, 1858, b. so
amended as to read as follows: "For the pur-
pose of paying the expense of conducting and
managing water works, the trustees of water
works shall have power to assess and collect,
from time TO time, q water rent, of sufficient
amount, in such manner as they may deem most
equitable, upon each and every tenement sup
Piled with water; and if there should he any
surplus, after paying the expense Of conducting
and managing the water-works, the same may be
applied to the extension of the works, the pay
ment of the interest upon the loan made by the
city, or for the creation of sinking fund for
the liquidation Of debt; and the amount allow
ed to be levied and assessed by any city for wa
ter-works purposes, under the provisions Of the
first section Of this act shall be applied by the
city council to the creation Of sinking fund for
the payment of the Indebtedness incurred by
such city for the construction and extension Of
water-wolks, and for no other purpose whatso-
ever.
Sec. 5. That in addition to any loan hereto
fore authorised to be made by any city, the
city council of any city is hereby empowered to
borrow any amount not exceeding one hund ed
dollars, of a rate Of interest not exceeding six
per cent, and to issue the bonds of said city
therefor payable at any time within twenty
years, las the said city council may determine,
from the date thereof; and the money SO bor-
rowed shall be applied by the trustees OF water
works, to the construction, extension and repair
of water works, and the building of necessary
machinery: Provided, that in all cases, before
the said council shall be authorised to negotiate
any loan, for the purpose afo- esaid, they shall
submit to the qualified electors Of any such city
at any regular or special election, proposition
for and against the same, which shall receive
the affirmative votes of majority of all the vote
polled at any such election.
Sec o. That the fifth section of the act to
amend the act entitled Gan act to provide for the
organization of cities and Incorporated villa
ges," passed March II, 1868, be and is hereby
repealed.
&c. LEBL0ND,
Speaker of the House of Representatives.
R0BT. LEE,
President of the Senate, pro TEN.
May 1st, 1854.