New national era. [volume] (Washington, D.C.) 1870-1874, 1871-11-16

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| special improvements and repairs,a mentioned
| In said act. Said election will be the first gen.
eral election after the passage of said act Said
act is hereto subjoined and publication thereof
is made herewith.
Fl. D. COOKE,
Governor of the District of Columbia.
EDWIN l.. STANTON,
Secretary of the District of Columbia.
AN ACT authorizing the District of Columbia to
create debt for special improvements and re-
pairs In said District by the issuing of four
million of bonds, and levying tax for the
| payment of the interest as it shall annually
accrue thereon, and submitting the act with
the question of the issuing of the four million
of improvement bonds to vote of the PEG.
| pie at a general election in said District.
BE 1T enacted by the Legislative Assembly o,
the District of Columbia, That in order that
special Improvements and repairs of the streets,
avenues, alleys, and roads of the District of CO.
! lumbia may be commenced and completed, and
sewers and bridges be constructed therein, and
other necessary public works be executed, the
Governor of said District is authorized and EN-.
powered, for and in behalf of said District, to
issue, or cause to be issued as hereinafter d.
rected, registered coupon bonds to the
amount of four million dollars, in denomina
tons of fifty, one hundred, FIVE hundred, and
one thousand dollars, to be payable within
twenty years from the date of their issue, and
to bear interest at the rate of seven per centum
annually.
SEC. 2. Ind be 1T further enacted, That spe-
cial tax is hereby levied on the taxable property
of the District of Columbia, for the period of
twenty years, to an amount sufficient to pay the
interest which may accrue on the said bonds
during said period, which tax shall be collected
in sums of two hundred and eighty thousand
dollars, during each of said years, agreeably to
the provisions of the act of the Congress of the
United States, entitled T" An act to provide for
a government for the District of Colu mbia, -"
approved February twenty one, eighteen hun
dred and seventy one, and in the same manner
that the general taxes of said District shall be
collected, and be applied and used exclusively
for the payment of the interest annually accru
ing on said bonds
SEC. 8. And be 1t further enacted That the
Governor shall, in connection with the Secretary
and the Comptroller, prepare said bonds for
issue and sale. On their face they shall be des-
ignated special Improvement bonds,' and shall
be signed by the Governor, counte rsigned by the
Secretary and Comptroller, and have affixed to
them the seal of the District.
SEC. 4. And be at further enacted, That the
bonds which may be prepared for issue and sale
as aforesaid, until required for said purposes,
shall be deposited with the Comptroller of said
District, and he shall not permit any one or
more of them to go out of his possession, except
for the purposes of this act and he shall give
such security for their safe keeping as may be
required by the Governor; and he shall keep
a register or account of all bonds which may be
prepared and issued under this act, and make 4
full report, from time to time, to the Legislative
Assembly of the amount of sales, as well as of
the amount of interest that may have accrued or
to be paid ON said bonds
SEC. 5. And he it further enacted, That two
millions and one half of said bonds may be pre-
pared for issue during the year one thousand
eight hundred and seventy-two, and until the
expiration of the first fiscal quarter after the
adjournment of the next regular session of the
Legislative Assembly, and one million and halt
during the year one thousand eight hundred and
seventy three, and be sold by the Governor
within said periods to the extent to which the
issue thereof is authorized as aforesaid and upon
such issue and sale said bonds shall become and
constitute debt against said District
SEC. 6. And be 1t further enacted, That upon
the sale of any or all of said bonds the proceeds
thereof shall be deposited in the treasury of the
District, and shall be drawn out upon warrants
of the Board of Public Works, and shall be dis
bursed by said Board for the payment of the cost
of special improvements and repairs in said Dis
trict including the necessary incidental expenses
thereof, and for no other purposes but no pay.
ments shall be made under any contract for inn
prOvements, or for any work done in relation
thereto, unless the work dene shall be ten per
centum in excess of such payments, except in
the case of the final execution of any contract
or completion OF any work and settlement there
for.
SEC. 7. And be it further enacted, That the
improvements which may be made by virtue of
this act shall be commenced and carried on &C.
cording to the provisions of the aforesaid act of
Congress of the twenty first day of February,
eighteen hundred and seventy one, and exclu- |
sively for the promotion of the public interests
SEC. 8. Ind be IL further enacted, That if |
nj he n;otr .ef choll
use, or consent to the use, of any of the money |
authorized to be raised by this act, contrary to
its provisions, he shall, on conviction thereof |
in the Criminal Court of the District of Colum- |
bia, be punished by imprisonment in the Jail of |
this District for term of not less than three
not less than five hundred dollars nor more than |
one thousand dollars. /
SEC. 8. Ind be 1t further enacted, That this |
act shall be submitted TO the people or electors |
Of said District at the first general election |
which may be held after its passage, together
with the questions of the issuing of the four |
millions of bonds aforesaid, in the mode here
matter provided, namely:
FIRST; Upon the approval Of the act it shall |
be published In such papers as the Governor |
may direct, not less than three and the publ |
,ation thereof be continued for three months |
prior to said election.
Second. The ballots used at said election
'nai NC Pfihscu, anu Inose In IaVOr OF SAID act,
md of the issuing of said bonds, or of the con-
traction of said debt, shall be in the words fol- |
owing, to wit;
FOR SPECIAL IMPROVEMENTS. /
For the act of the District of Columbia snti-
led IAN act authorizing the District Of Coluu,-
,ia to create q debt for special improvements
md repairs in said District. by the issuing Of
our millions of bonds, and levying . tax for the
'ayment Of the interest, as it shall annually nc
rue thereon, and submitting the act, with the
uestion of the issuing of the four millions Of +