Nebraska advertiser., 1869-03-11

| An act 70 enable Counties, Cities and
Bonds or 60 issue Bonds to aid in the
C~0ustruttOn or Completion OF works
OF Internal ImprOvementfn this State
and to Iegaltze Bonds already issued
for such purpose.
SECTION l. BE itenacted by the Legis-
lature of the State of Nebraska, That
any county or city in the State Of Ne
/ Lraska is hereby authorized to issue
bonds to aid in the construction Ofany
railroad, or other work of internal
Improvement, to an amount to be de-
termined by the County Commissioners
of such county, or City council of such
city, not exceeding ten per centum of
the assessed valuation of all taxable
property in said county or city Pro-
Uided, the County Commissioners or
| City Council shall first submit the
question of the issuing of such bonds
toa vote Ofthelegal voters of said coun-
ty or city in the manner provided by
chapter nine of Revised Statues Ofthe
State of Nebraska, forsubmitingt to the
people Of a county the question of Dor
rowing moneys.
SEC. 2. The proposition of the ques-
ton must be accompanied by a prOvis-
ion to levy a tax for the payment of
the principle and interest Ofsaid bonds,
in additional to the annual taxes, and
sufficient to meet the payment of the
the principle and inteTestOfsaid bonds,
and to continue from year to year,
until said bonds are paid.
SEC. 8. The proposition shall state
the rate of interest such bonds shall
draw, and when the principle and in
terest shall be made payable.
SEC. 4. Upon a majority of the votes
cast being in favor of the proposition
submitted, the County Commissioners
in a case of a county, and the City
Council in ase Of a city, shall cause
the proposition, and the result of the
vote, to be entered upon the records of
said county or city, and a notice of its
adoption to be published for two conse-
eutive weeks in any newspaper in said
county, if there be one, and ifnot, then
without publication and shall thereup-
on issue said bonds, which shall be and
continue asubsisting debt against such
county or city until theya paid and
discharged.
SEC. 5. 1t shall be the duty of the
proper officers of such city or countyto
cause to be annually levied, collected
and paid to the holder of such bonds
a special tax upon all taxable property
within said county or city, sufficient to.
pay the annual interest, and finally to
pay the principle thereof, which tax
when levied shall be Il lien upon all
of the taxable property in said county
or city, and shall be collected in the
same manner as the ordinary tax of
such county or city. LOT
SEC. @. Any county or city which
shall have issuedits bondsin pursuance
ofthis act, shall be estOpped from plead
ing want of consideration therefore,
and the proper officer Ofsaid county or
city may be compelled by mdnddmus
or otherwise to levy the tax herein
provided to pay the same.
Sec. Z. Any precinct many organ
lied county of this State shall have
the privilege ofvOting to aid works of
internal improvement. and be entitled
to all privileges conferred upon counties
under the provisions of this act and
in such case the precinct elections
shall be governed in the same manner
as is provided in this act so far as the
same is applicable, and the County
Commissioners shall issue special bonds
for suchiprecinct, and the tax to pay
the same shall be levied upon the prop
erty within the bounds of the precinct.
Such precinct bonds shall be the same
other bonds, but shall contain a
statement showing the nature of such
bonds.
SEC. 8. All bonds heretofore voted
and issued by any county or city in
this State to aid in the construction of
any railroad or other works OfinternaI
improvement, are hereby declared to
be legal and valid, and a lien upen all
of the taxable property in such county
or city, notwithstanding any defect or
ir~regUlarity in the submission of the
question to- vote of the people, or in
the vote, or in the execution of
such bonds, and Notwithstanding the
same may not have been voted upon,
executed or issued in conformity with
and such bonds shall bear the
legal vilidity and binding force
if they had been legally authorized,
voted upon and executed: Provided,
that nothing in this section nor in
this act shall be so construed as to le-
galize or in any way sanction any vote
the people of Nemaha County here
tofOre had for the purpose of aiding in
the construction of any railroad, nor
any thing done by the County Com
missiOners of said county authorizing
said vote or any thing done by them
in consequence of said vote.