Buchanan County bulletin and guardian., 1868-07-17
BULLETIN, VOL. 4, NO. 3.

SEC. z. When any Independent distric,
has procured the site for, and !. ready to
erect or has erected, and Is desirous Of com"
pleting its school house, it shall DO lawful
for the school board Of such district to sub
NIT 10 the voters OF their district, a, tie an,
nnai or special MEETING. the question Of
issuing bonds rs contemplated by this act,
giving the same notice of snch. meeting as
is required by law to be given for the elec>
ton Of officers Of such districts, and the
amount proposed 10 bs raised by The sale of
such bonds, which question shall be voted
lpon Wy the electors, and if majority of
all the votes cast on that question he in IA
vor Of snch loan, then said school board
shall Issae bonds 10 the amount voted, in
denominations Of not less tnan twenty-five
dollars, nor exceeding one thousand dollars,
due not more than ten years after date, and
payable at the pleasure Of the district at
my time before due, which said bonds shall
be given in the name of the sindependent
district issuing them, and shall be signsd by
the President OF the Board, aud delivered 10
the Treasurer, taking his receipt therefor,
who shall negotiate said bonds at not lcM
than their par value, and countarsign the
same when nego:iated. The Treasures will
stand charged upon his official bond With all
bonds ,hatnay be delivered to him jDyorid
ed tba. any bon d or bonds, rot Negotiated,
NAV bs rrtssnedbY him 70 fkes Ard 4
!. Ske. 3. Sothing in thus Acf shall be
deemed to coiJsHt pr ii,lcr.ers sin sssdixi-
'shn Eve. of section seven, nf esssyteew wpp<
h1tdfed and sevrr fystwo, Of the laws Of the I
Ninth GeneraisAssembIy Of Ire State Iowa
but III the event The electors Of an indspen>
dent school district, shich has issued bords,
shall ~ the snneal meeting IN March of any
year, fail to vote sufficient school-house lax
10 raise sum equal to the interest on the
outstanding bonds VIII eh shall accrue during
the then C. ming, and such pro rata portion OF
The principal as will liquidate and pay off
said bond: at maturity, then it shall be law.
ful for the school board Of such district to
vote . Sufficient per cent. on me taxable
ropcrty of The district 10 pay snch interest j;
aud such pro raia portion OF the principal !
Us viii pay said bonds in foil by the time of
their maturity, and shall cause the same to !
be certi6ed aud collected the same as other |
school taxes. ei
SEC. 4. All school or,iers shall draw six
per cent. interest after having been presented /
10 the Treasurer Of the district. and not paid T
for want Of funds, which fact shall be enjors.
ed upon the order by the Treasurer.
SEC. s. All bonds Of independent dis~
Iricts heretofore issued, in . manner con-
forming substantially with the provisions of
This Act, are hereby delared to be legal and
valid.
Sec. 6. This Act being deem BY the
General Assembly Of immediate importance,
shall be in force IRON and after is publica.
ton in the Daily State Register and Ereaing
Statesman, newspapers published at Des
Moines, Iowa. -
Approved April 6, 1868.
hereby certify that the foregoing Act |
took effect By publication, A. required in
Section thereof, on the l7tb day Of April,
A. d. 1868. /
ED WRIGHT,
Secretary Of State.