The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1870-04-01


vote for the construction of a rail
road, and to borrow a fund therefor
to the extent, in the manner, and
subject to the conditions and pro
vitions of this act in relation to coun-
ties; and it shall be the duty Of the
trustees of any township, and mayor
of any city, to call q meeting of the
electors of such township or city, as
provided in section two of this act
for counties. The bonds contempla
ted in this act, if issued by q city,
shall be executed by the mayor and
and clerk or recorder thereof. as the
case may be; and if issued by
township, they shall be executed by
the trustees and clerk thereof, and if
any city or township issuing such
bonds shall have seal, the same
shall be impressed upon each Of
said bonds, as provided for counties
in section three Of this act. The
bonds, after execution, shall be
placed in the hands Of the State
treasurer, as in case Of county bonds
and subject to the same provisions,
except as hereinafter stated; where
upon the trustees of such township
or the mayor of such city, with the
advice and concurrence Of the coun-
Gil of such city, shall proceed to con-
tract for the road in question, with
the same powers and governed by
the same provisions as in the case OF
county commissioners under this
act. The State treasurer shall de
liver the bonds Of such city or town
ship, on the written order of the trus-
tees or the mayor ofthe same, accom-
panied by a certificate from the
commissioners of said county that
the road in question has been com
pleted and leased according to the
terms of this act; Provided that in
case of cities one terminus Of said
road shall be located beyond the Ii
mits of said corporation, if so deter
mined by a majority Of the voters of
the electors of said city; and prOvid-
ed that the aggregate Of the indebt-
edness Of any city or township in
Cured for railroad purposes, under
this act, shall not exceed five per
cent, of the taxable value of the
same, including any appropriation
which the county in which said city
or township is situated shall make.
SEC. IA. In case any city or town
ship issuing bonds, as heretofore
provided in this act, shall fail to pay
the bonds or the interest coupons, or
to deposit with the treasurer Of the
county in which such township or
city is situated sufficient sum of
money to pay the bonds OF the cou-
pons which it may have issued as
aforesaid, which may be then due,
as by the terms of said bonds or cou-
pons, the county treasurer of such
county, stating the amount so due
and unpaid by such township or
city, whereupon the board of com
missioners of said county shall cause
the same to be assessed, levied and
collected from such township or city,
taxes, and in like manner, adding to
the amount thereof interest at the
rate specified in said bond for one
year, and the same shall be paid to
the county treasurer, who shall,
upon the receipt ofsaid money, pay
to the holders of such bonds the
principal or interest for which such
money may have been colebted, with
the interest thereon, and cancel and
return such bonds coupons to the
township or city to which the same
may belong.
SEs. Is. This act shall take effect
on and after its passage.