The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1870-02-18

ing all was nearly as quiet as usual.
At this hour the city is perfectlytran-
gull.
Municipal AID TO Railroads. -,
We have ALREADY mentioned the
Introduction into the House BY Re
preventative Griffith f,--of a-bill to.
authorize counties to build Rail
roads, and to lease and operate the
same. Its general features are sim
liar to those 1 of The oTolcdo and
Cincinnati laws, though varying in
details. The chief provisions of the
measure may be briefly stated
thus
Counties, BY vote of the people,
are authorized 10 construct Rail
roads within their lines and borrow
money for that purpose to the a
mount of five per cent, of the tax du-
plicate; provided not more than one
per cent. of the duplicate become
payable in any one year.
The County Commissioners, upon
request of one hundred tax-paying
electors, are required to call for
vote on any proposition to build
such Road, 30 days notice tohe Civ.
en-; the termini Of the road to be
specified in the call, together with
the amount proposed to be raised
and other conditions. Not more
than two elections for this purpose
are to be held in any one year.
The boIds are to be in amounts
not exceeding $1,000, nor less than
500 eack, to run not longer than
90 years, at not more than eight
per cent, interest, and payable at the
County Treasurer's office or in New
York.
The County bonds when issued
are to be deposited with the State
Treasurer, to be held in trust, and
to be disposed of as follows: When
ever the County Commissioners shall
present an order for said bonds or
any part thereof, accompanied with
certificate that the Road has been
completed, according to the terms Of
this act, the Treasurer shall deliver
the bonds to the proper party. Bonds
not thus called for within three years
are to be regarded as void, be can
celled by the Treasurer accordingly |
and returned to the Auditor of the
County.
1t is made the duty of the County !
Commissioners to levy annually such |
tax as may be necessary to pay the
principal or interest Of any bonds |
thus delivered by the Treasurer OIL
State for the construction OF any !
Road, and all taxable property is
made liable for the full payment of !
any such Indebtedness.
A proper guard against fraud is
furnished in the provision that no |
bonds shall be delivered by the State
Treasurer until the Road shall have |
been completed with proper road-be |
and ironod with "Tn or Other rail |
as used BY first-class Roads, and un-
der lease to he opersted for term
of not less than five years.
The proposed Road is to be built
on contract, to be given to the bid
der who will build and complete in
the manner stated, the greatest dis
tanee for the bonds authorized by |
the vote.
County Commissioners are autho-
lied to apply to the Courts for ap-
of land for foundation
OF abutments or piers Of any bridge
across any stream in the State, or
for any other purpose, or to appro-
pirate any rights or franchise, pro
ceedings to be commenced under the
act of April ., 1852, and the acts
supplementary thereto. The Com
are authorized to receive, |
in aid of any Road, donations ofany |
kind aud dispose of the same, and
to acquire, hold and possess real
estate and franchises.
The Commissioners are authoriz-
ed to lease the road constructed, for
term ofyears, provided the lessees
shall pay ratable share Of net pro
fits.
The provisions ofthis act are so
extended as to authorize Cities and
Townships to construct Railroads
in the same manner as is authorized
to Counties; provided that in the
case Of Cities, if so determined by
5he vote of the people, one term
nus Of the Road shall be within the
City, and that the aggregate indeb-
iedness incurred in any City OF
township, for Railroad purposes
shall not at any time exceed five per
,ent.~of duplicate.
Upon notice to the Commissioners
If any county that default has been
made in the payment of principal or
interest of any bonds issued under
his act, they shall cause to be levi
ID and collected tax sufficient to
meet such deficit, together with any
Lccrued interest.-2o7edo CONNER !
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