Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1857-05-26

of taxable property does not exceed three
millions Of dollars may increase the rate
Of tax levied on the first two millions OF
any lesser SUM of such taxable property to
any rate not exceeding FIVE mills on the
dollar, and may set apart any portion oi
the proceeds OF such tax not necessary in
their opinion to defray other county expen-
ses for the current year for the erection OF
county buildings, and the amount so SET
apart shall be denominated ''the public
building fund.- and shall be paid out on
the order of the commissioners. There
shall be levied for township purposes. other
than for road, bridge, for the support of
the poor and common school purposes, and
for the purpose of paying the principal or
interest of any debt or debts owing, such
rnte of tax on any amount of the taxable
property in the township az entered and
valued on the grand list, as the trustees of
the township shall certify to the county
Auditor to be necessary, not exceeding
one-half of one mill on each dollar of such
valuation not more than two hundred thou
sand dollars, and one-fourth of one mill
on each dollar of such valuation over two
hundred thousand dollars. But the total
one year by the constituted authorities of
any city or incorporated village. except the
city of Cincinnati. for all purposes other
than the payment of interest on the debts
Of such city or incorporated village, and
for the payment of the principal Of such
debts. or parts thereof as may fall due with
in the then current or next succeeding year
shall not exceed five mills and in the city Of
Cincinnati six and half mills on each dol
lar ofthe assessed value Of the taxable prop
erty in such city or incorporated village:
Provided the aforesaid limitation shall not
he construed as prohibiting assessments on
property adjacent to local improvements
made in any city or Incorporated village for
the purpose of paying the cost thereof and
the damages occasioned thereby: and pro-
vided further, that nothing in this section
shall be construed to prevent the county
commissioners, township trustees, or COR
porate authorities of any city or village
from levying any tax which by any special
law they shall be authorized to levy.
Sec. 2. The competent authorities of
any county, city, or township that shall
have subscribed to the capital stock ofany
railroad company, and shall have issued
it's bonds or other securities for the pay
nent of such subscription may, at any
time within five years next before the prin-
cipal of such bonds, or other securities
shall be payable, if the market price of
The stock of such railroad company be less
than seventy five per cent. on its par value,
levy, or cause to be levied, annually on
The taxable property of such county, city,
Or township, such tax not exceeding one
mill on the dollar, as will be sufficient to
balance the discount on the railroad stock
held by such county, city. or township by
,he time such bonds may become due; and
he proceeds of all such taxes shall form.
with such stock. sinking fund, and shall
'e invested in the purchase of the bonds
ssued by such county. city. or township, |
# in other safe and productive securities,
nd shall be applied to the payment of the
'onds so issued and to no other use or pur
lose whatever.
Sec. 8. The operation of the fifty-eight
nd fifty-ninth sections of the act entitled
an act to provide for the reorganization,
upervision and maintenance of common
chools," passed MAJ, ch IA, 1853. are
ereby suspended for one year.
Sec. 4. The several county auditors
hall not be required to assess on the tax
BILE property of their counties, or of any
ownship, city, Incorporated village, or
chool district therein for any purpose, nor
Or all purposes added together, any rate
f taxation containing or resulting in any
raction other than decimal fraction nor
n any decimal fraction less than one TWEEN
eth' of mill; but the sum required to be
aised for any, or all purposes, results in
raction less than one fortieth of mill, such
raction shalfbe dropped, and if more than
ne fortieth of MILL the difference be-
veen such fraction and one twentieth of
mill shall be added to such resulting j.;
,action II
SEC. S. 1t shall be unlawful for the
orporate authorities Of any county town
hip. city, or village unless specially and
xpressly authorized by some act of the
enerai assembly to contract any debt nor {
lcur any pecuniary liability for the pay
lent of either the principal or interest of
hich during the then current year or any
lbsequent year it will be necessary to
wy on the taxable property of such coun s
:, township, city, or village, higher rate
tax than the maximum rate prescribed '
y this act. I
Sec. 6. Every contract made in contra
sntion of the provisions of the foregoing t
actions shall be utterly rull and void in :
gard TO any obligation thereby imposed I
a the corporation on behalf OF which such '
'ntract purports to have been made; but a
'ery commissioner officer, agent. trustee, '
member of any municipal corporation i
at shall have made, or participated in
aking, or authorized the making of any :
Ich contract, shall be held to be individ- {
lily liable for its performance, and every
trustee, director, member y
any city or village council, or other Of
er O. agent of any such municipal cor
ration who shall have been present when
Y such unlawful contract was made, or .
~ L.. L. ,~.oI., eIoII ha Ioo,,.o1 - s.