The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1867-03-11
STATE OF MAINE

STATE OF MAINE
In THE YEAR OF OUR LORD ONE THOUSAND
EIGHT HUNDRED AND SIXTY SEVEN.
An Acs to enable the city Of Portland to aid
In rebuilding said city. t
Be 1T enacted By the Senate and House of
Representatives in Legislature assembled,
as follolrs: rrrrv
SECTION 1.-For the purpose of aiding in rebuild
ing said city, so much ofwhch recently destroy
cd by fire. the city Of Portland is authorized TO sue
its bonds to an amount not exceeding two million of
dollars. payable In not exceeding twenty years rom
per centum per annum payable at the option Of the
commissioners in any place in the United States or
payable in England IN sterling. N'tNNN O'h87
Secuon q A board OF four commissioners, citizens
Of said city, shallbe appointed by the Mayor and AL
dermen Of said city. Each of said commissioners
or and Aldermen shall determine. CONDITIONED for
the faithful discharge of his duty as commissioner
They shall receive such compensation heir SER
vices as shall be established by the Mayor and AL
dermen. The bonds issued by virtue hereof shall
be negotiated BY said commissioners, under the di-
recon of the Mayor and delivered by the city treas
urer upon the warrant of the COMMISSIONER
Section 3. The said commissioners under such
generalregulations as shall be established from time
to time by the Mayor and Aldermen OF said city shall
loan the proceeds Of said bonds in safe and judicous
MANNER upon mortgages of real estate for the pur-
ings in said city of Portland
Section 4. Upon all loans made by said commits
soners under this act, they hereby authorized to
@ -, . ", - q hae " lnersst not exceed
Sect;on Ear tbe ,,nr, pet - se ~ per annem.
,, : =. roL "a. PuIPose OF Ine payment OF the
ssue4 unaer TINS acs sinking fund shall be
sioners Ali ovmants y, Ioars IN ~ sI conMis-
eSt ahove intarcst na;J afs a aecelpts o. nter-
ox,,anSas "a eli otLar' PAN % necessary
from tba Solo 81 .sd hor,s sSsu SAcsPung
cred;+ ~ iJ I'm v ,nd' I'M 20 Placed 70 the
So t;saa ~ ti.a -; ny i'siouers small
S ...S ~ .s q. sneii uisoiet,oh. invest the
d,t; v S % ti 1 ~ ia. sey shaIl oe pro-
SY anu ZIG sa,e may pe ioaneu on mortgages
VI ie este as p,ovaea IN seet three OF this act,
bonus 81 e Gty o. fortiand or OF the State o!
hhaI' e e. ~ ~ he ;rae x NE Mcn securities snail
~ eiu III tne no, easo =. .ue sinkng iuno. AND
tansSa a,, oTsid sao9rit H 's u 'ilie sell or
Sectinn Wacances T.. ~ hoo "a q,
ers shall be filed by fine REMAINING or srrv;r sn%f
shaI, not S roso,,oba OF any OF them,
nrene judicial conrt IN tha;r Az, sop' ~ tiie SUI
pIant Of the mavor and Aldermen OF s; uPvn Io
sanity and To mass All nroep ascr u IN
same. Vacancies Tins crestsd sbali b ,1sI m sne
provided; and as often as any new commssioner or
the property then held saIl rest nv
in such new commissioner or Commissioners. Jointly
with the PRIOR Commissioners
and CUSTODY of ali reeepsd ow me me sa
of bonds, or rom any other sources. and shall be
Responsible ON his oiciai bond 70 re civ sr tbe
He shall oIse have tha nus nd ,tI, 70 MN.
raSnnns;bi Gr al ,h hue anu o, anu DC
He shall nav ont and dsI;na une SINKING iund
eys or Securities only mon the xraryyat 81 a., nnn
Section q Tho sa;d cor,n,ss,onor, shall Lo., !.
tru dofo m