The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-05-06
March 80, 1857.

mo. 60 AN ACT
To amend the act entitled stAn act to amend the
act entitled an act to provide for the organi-
cation of cities and incorporated villages,'"
passed March IL, 1888, and supplementary to
the same.
SEC. L. Be at enacted Jg the General
Assembly ofthe State Of Ohio, That the
twelfth section of said act, passed March
IL, 1858, be, and the same hereby is, so
amended as to read as follows: That the
council of any municipal corporation shall
not authorize any loan or appropriation
not predicated on the evenues Of the cor
poration for the current fiscal year, and
shall not authorize any order or appro ri
alton of money when there is not in the
city treasury money unappropriated sufi
Gent to pay such appropriation and any
appropriation otherwise made or author
lied. shall lie held and deemed utterly
void and of no effect as against said cor
poration Provided, however, that for
the purpose of purchasing necessary
grounds and erecting suitable school bull
fdings for the use of public schools, the
council of any such corporation may, at
the request of the board of education of
said corporation, make sufficient appropri
alton therefor, and shall nave power to
borrow money upon tho credit of such
corporation, sufficient for the aforesaid
purposes, at such rates of interest as said
council nay deem proper; and for the
purpose of effecting such loan, the said
council shall have power to pledge the
faith Of said corporation for the payment
Of both principal and interest, including
the power to levy a tax for the payment
of the same, whenever tho same may be-
come due, aud to mako and execute such
bonds or other evidence of debt, and pay
able at such times and places as shall be
agreed upon by the parties so contracting,
which said bonds or other evidences Of
debt may be made transferable and re g..
deemable 10 such form and at such times
and places as may therein be designated !;
and tbs necessary grounds shall be pro-
cured, and the said school buildings here
by authorized shall be constructed under
the direction of, and in accordance with, a
plan or plans furnished by the board of
education of said corporation and provi-
ded, further, that the city council of any
city of the fist GLASS having a population
of not less han one hundred thousand,
shall have power to borrow any sum of
money not exceeding FIVE hundred thous-
and dollars, at such rate of interest not
exceeding six per cent. per anDum, at
such dates and upon such length of time
as the council of any such city may deem
proper, for the purpose of purchasing land
or other property within the corporation
limits of such city, said lands or property
to be converted to the use of tho city for
public wharves or market places ; and aay
city council of any such city SO borrowing
any money for such purpose OF purposes,
shall be authorized to ISSUE tho bonds of
said city, payable at such time and place,
for all money so borrowed as said city
council may determine; said city council
shall have power TO pledge the faith OF the
city for the redemption of said bonds, and
shall also have power to provide for the
payment of the interest on such bonds {:
provided that nothing in this act shall be
so construed as to vest in any such city
council any power to issuo the bonds
aforesaid for said loan of five nun ired
thousand dollars, or any part thereof, for
the purchase of public wfArves, or market
places, unless the following requirements
have been complied with, to wit: That
whenever it shall become necessary for
any such city to purchase any such public
wharves or market spaces, it shall be the
duty of the mayor of said city to nomi.
nate three citizens, subject to the confr-
nation of the city council, as a board of
commissioners for the purchase of SO much
land for such of the Purposes aforesaid, as
said city council may designate ; and up
on the confirmation by the city council of
the nomination of said commissioners it
shall be their duty to negotiate for the pur-
chase of such lands for the purpose afore-
said as the city council may direct; and
they shall report to the city council all
propositions they may have received, in
writing, for the sale of any such land for
the purposes aforesaid after having re.
ceived said report or reports from said
commissioners, said city council may con-
summate the purchase oondiGonally, as
follows, to wit That said council shall
advertise in at least two English and one
German daily newspaper of said city for