The Grand Haven news., 1865-03-01

osS " my COUNTY, W Tic coIiittiotlt cOutl-
Gil Of any city, or the mayor and recorder,
or comptroller, or mayor and city clerk Of
any city, or the township board Of any
tawnshih have issued or caused 10 be is
sued, or shall hereafter issue in pursuance
of resolution heretofore adopted, bonds,
warrants, certificates, or other evidences
Of indebtedness, tOr the purpose Of filling
the quota of any city, township, ward, or
military sub-dlstfictty volunteers, or sub
stitutes for drafted men, OF drafted men
actually entering tho military service OF
the United States, before the fourth Of
February, 1865, under any call for troops
heretofore made, Or in anticipation Of any
such call, such instrument shall be legal
evidence Of the indebtedness Of such
county, or city ;and the board of super-
viscrs in such county, and tho common
council Of such city are hereby authoriz.
cd and required TO assess, raise and col
lect, or authorize 10 be assessed, raised
and collected the amount Of bonds, war
rants, certificates, or other evidences of
Indebtedness issued or used for the pur-
poso of filling lie quota of any township,
ward, or military sub-districtofsuch coun-
sy,sor city, and the interest thereon, by
tax upon the real and personal property
taxable within such township, ward, or
military sub-district, at such time and in
such manner rs the common council of
such city, or the board of supervisors Of
such county, or the township board Of
any township, may by ordinance direct:
Z Provided, No bonds or other evidences
Of Indebtedness Of any township or city,
mentioned in sections one, two and three
of this act shall be held legal and valid
Jwherc the issue of the same has not been
authorized by avote Of the electors Of
such municipal dcofpofation) until the
question Of their payment shall be author
lied by a vote at an annual or special
meeting or election, called and held regu-
larly, and on due notice Of the electors of
the municipality issuing such evidences of
indebtedness. tH HNT ef'if Ha2e
SEC. 4. The township board Of any
township, and tho common council Of any
city ia this State. shall have tho power
10 raise, by tax upon the taxable proper
~ of such township or city, or by loan,
snch sums as may be necessary for, The
payment of money borrowed or advanced
by any township, ward or city officer or
officers, or BY committee informally au-
ihorized to act for such township, ward
or city, and have, at tho time of making
such loan, pledged the faith of the town
ship or city, or received the informal
pledge of the township or city, at the
time of making such advances, to refund
the same when the township, or city shall
be authorized by law so to do: Provided
atpdys, That all such moneys shall have
been borrowed or advanced for the. pur-
pose only ofpaying bounties to volunteers,
who have enlisted and been mustered in
to the military or naval service of the
United States, and have been credited up
on the quota Of such township or city prior
TO the 4th day Of February, A. d. 1865: !:
Provided further, That the provisions Of
this act shall not apply to, or author
ize the payment of any moneys bor-
rowed or advanced, TO pay beunties TO
volunteers, on any call for volunteers
made prior to July 18th, A. ID. 1864.
SEC. 8. Before any moneys shall be
raised by tax or loan as provided by sec
tion four, Of this act, the electors of such
township or city shall, at the annual or
soue special meeting, regularly called for
that purpose, determine by vote the sum
to be raised, and whether the same shall
be raised by Tax or by loan. In case the
money shall be raised by tax, the tax shall
be levied and collected the same as ordi-
nary township or city taxes are levied
and collected. In case such moneys
shall be raised by loan on the bonds Of
such township, they shall be signed by
tho supervisor and clerk thereof, and shall
draw rate Of interest not TO exceed
seven per cent, and to run not to exceed
three years FROM their date; and If such
money shall bc raised by loan on the
bonds of such city, said bonds shall be
signed by tho mayor and recorder or clerk
thereof, and shall draw interest not to ex-
coed seven per cent, and to run not to ex-
coed three years from their date; and the
township board Of such township, and
the common council Of such city, issuing
such bonds, shall have power and it shall
be their duty from time TO time, 10 raise
by tax such sum or sums rs shall be nee
essary TO pay the amount Of such bonds,
and tho interest thereon, as fast as the
same shall become due.
SEC. g. 1t shall be the duty Of Town
ship clerks of townships, and the recorders