Preble County Democrat. [volume] (Eaton, Ohio) 1857-1859, 1857-06-04

come due; and the proceeds of all such
taxes shall form, with such stock, &
sinking fund, and shall be invested in
the purchase of the bonds issued by
such county, city, or township, or in
other safe and productive securities,
and shall be applied to the payment OF
the bonds so issued and to no other use
or purpose whatever.
Sec. :. The operation of the fifty
eight and fifty-ninth sections of the act
entitled Gan act 20 provide for the re-
organization, supervision and mainten-
ance of common schools, passed March
Ii, 1851, are hereby suspended for one
year.
Sec. 4. The several county auditors
shall not be required to assess on the
taxable property Of their counties, or of
any township, city. incorporated village,
or school district therein, for any pur-
pose, nor for all purposes added together,
any rate of taxation containing or re-
sulting in any fraction other than de-
cimal fraction, nor in any decimal frac-
ton less than one-twentieth of mill !;
but if the sum required to be raised for
any, or for all purposes, results in a
fraction less than one fortieth Of mill,
such fraction shall be dropped, and if
more than one-fortieth of mill, the
difference between such fraction and
one-twentieth of a mill shall he added
to such resulting fraction.
SEC. ). It shall be unlawful for the
corporate authorities OF any county,
township, city or village, unless specially
and expressly authorized by some act OF
the General Assembly, to contract any
debt nor incur any pecuniary liability
for the payment Of either the principal
or interest of which during the then
current year or any subsequent year it
will be necessary to levy on the taxable
property Of such county, township, city
or village, a higher rate of tax than the
maximum rate prescribed By this act
SEC. 6. Every contract made in
contravention of the provisions of the
foregoing sections shall be utterly null
and void in regard to any obligation
hereby imposed on the corporation on
behalf of which such contract purports
to have been made; but every commits
sioncr, officer, agent, trustee or member
of any municipal corporation that shall
have made, or participated in making, OF
authorized the making OF any such con
tract, shall be held to be Individually
liable for it's performance, and every
commissioner, trustee, director, member
of any city or village council; or othol
officer or agent of amy such r1urriciprl
corporation who shall have been present
when any such unlawful contract was
made, or authorized to be made, shall
be deemed to have made, or to have par
ticipated in making, or to have author
lied the making the same, as the case
may be; unless he shall, ifprcsent, have
disscntcd therefrom, and shall have en-
tered, or caused to be entered, such dissent
on the records of such municipal cor
poration; or Of its councils, trustees OF
other officers or agent.
SEC. Z. The ''act prescribing and
limiting the rates of taxation" passed
April II, 1856, is hereby repealed
This act shall take effect Immediately
after its passage.
\. III. VAN WORRIES,
Speaker of the House of Representatives
THOMAS II. FORD,
President of the Senate
April Il, 1857.