The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1857-06-25

amended as to read as follows: That the
council of any municipal corporation shall
not authorize any loan or appropriation
not predicated on the revenues OF the cor,
poration for the current fiscal year, ana
shall not authorize any order or appropri-
alton of money when there is not in the
city treasury money unappropriated sui
fcient to pay such appropriation; and any
otherwise made or author
lied, shall be held and deemed utterly
void and of no effect as against said cor
poration: Provided, however, that for the
purpose of purchasing nece. sary grounds
and erecting suitable school buildings tor
the use of public schools, the council OF
any such corporation may, at the request
of the board of education OF said corPor-
ration, make sufficient appropriation
therefor, and shall have power to borrow
money upon the credit, of such corpora
ton, sufficient for the aforesaid purposes.
at such rates of interest as said council
may deem proper; and for the purpose of i
effecting such loan, the said council shall
have power to pledge the faith of said
corporation for the payment of both prln'
cipal and interest, including the power to
levy a tax for the payment of the same,
whenever the same may become due and
to make and execut such bonds or other
evidence of debt, and payable at such
times and places IS shall be agreed upon
by the parties so contracting, which said
bonds or other evidences of debt may
be made transferable and redeemabIe in
such form and at such times and places as
NAV therein be designated; and the neces-
sary grounds shall be procured, and the
said school buildings hereby authorized
shall be constructed under the direction
Of and in accordance with, aplan or plans
furnished by the board of education Of
said corporation: and provided, further
that the city council of any city of the
first class having population OF not less
, than one hundred thousand, shall have
mower to borrow any sum of money no
exceeding five hundred thousand dollars
/ at such rates of interest not exceeding 81
3 per cent per annum, at such dates ant
upon such length of time as the city coun
u ell of any such city may deem proper, 70
the purpose of purchasing land or othe
Q property within the corporation limits
!, such city, said lands or property to b
converted to the use of the city for publ
wharves or market places; and any cit
: council of any such city so borrowln
any money for such purpose OR purposes
shall be authorized to issue the bonds
Il said city, payable at such time and place
= for all money so borrowed as said cit
If council may determine; said city counc
% shall have power to pledge the faith of IL
city for the redemption of said bonds, an
shall also have power to provide for Il
~ payment of the interest on such bond
> provided that nothing in this act shall |
'' SO construed as to vest in any such cI
" council any power to issue the bone
aforesaid for said loan of five hundrt
thousand dollars, or any part thereof, tC
the purchase of public wharves, or mark
ID spaces, unless the following requirement
W have been complied with to wit: Th
= whenever it shall become necessary f
D any such city to purchase any such pu
g lie wharves or market spaces, ii shall
tn the duty of the mayor of said city to MOI
W mate three citizens, subject to the conf
nation of the city coua o board
commissioners for thepu 'olso mr'
g. land for such of the purT toEesaid
st , said city council may des md up
" the confirmation by The ouucil
:. the nominatieF e = sioner.s
!" shall be their for t
he purchase Of =
he aforesaid cTy council
be and they report to t1Acity coun
all propositions they may nave receive
in writing, for the sale Of any such la
VS. for the purposes aforesaid; after having
er ceived said report or reports from 81
=; commissioners, said city council may &C
" summate the purchase conditlonally,
sc follows to-wit: That said counsel sh
advertise in at least two English and
German daily newspaper OF said city
no the space OF thirty days, their intentl
|th to consumate said purchase, the exte
RS. location and purpose of the purchase, a
the price to be paid for the same; anc
ied shall be the privilege of any tax payI
TX. citizen of such city. who shall have e
dence that such city is about to be wro'
ed by any such purchase, either by
,nr payment of more than the cash value
out said land, or by fraud or neglect on
ION part of any one, to demonstrate against
ats consumation of said purchase, any ii
within the aforesaid thirty days; anl
lit shall be the duty ofany city council of
the such city, upon receiving such rem
cen STRANGE to hear, in open meeting Of S
the council, all evidence that may be pres
as ted in writing for or against the consr
er nation of such purchase; and said
the council, after having considered all
ted evidence offered, shall finally decide
the or against such puachase; and ii any 81
me; purchase Of land, for any of the azores
l purposes, shall have been consumated
not The city council of any such city. a
yer. having complied with all the requtremc
fel. of this act, then and in that case the I
just council Of any such city shall be +
out authorized to borrow five hundred th
Hne sand dollars, or any part thereof in u
ner and form and for the purposes
vided for in this act.