The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-12-16
Some of the Laws Passed by the Leg.
fslature.

| VAC SoPyS " AASD law 4Oh COploo, i yIs lou
|
Some of the Laws Passed by the Leg
islature.
From the Charleston Courier.
We have from time to time publish
ed synopsis of some of the laws, ant
now give some passed since our las
synopsis, they are as follows:
IAN act, authorizing municipal cor
porations to issue bonds" all munich
pal corporations for the government oil
towns, cities and Villages in this State
are authorized to issue bonds and to sci
the same, providing the aggregate of it,
debt thereby created shall not exceed
per cent on the value Of the taxable
property therein, which valuation shall
be ascertained by the last assessment
previous to the issue of such bonds
and they are required to provide for the
collection OF direct annual tax, suffi.
cient to pay annually the interest on
such debt and the principle thereof
within and not exceeding thirty-four
years. But such corporation shall moi
exact greater amount annually than
the following proportion:
/. For cities OF over 10000 inbabi-
tents it shall not exceed two per cent
on the assessed value OF property for
State and county purposes beyond a tax
for railroad purposes which may b
imposed Tor that object not exceeding
three per cent. Of such value.
2. In city of 10000 and less than
5000 inhabitants, the rate shall not
exceed one dollar and fifty cents on
every one hundred dollars value OF
property. by the last assessment, for
State and county purposes.
3. In a city or town OF 5000
and less than 10000 inhabi
tants, the tax shall not ex-
coed one dollar and twenty-five cents
on every one hundred dollars value OF
property.
4. In town or village of less than
5000 inhabitants, the tax shall not ex.
coed fifty cents on every one hundred
dollars value OF property as ascertained
by the last assessment for county and
State purposes,
These rates may be augmented not
more than sixty per cent by vote OF
the inhabitants OF such city or town,
three-fiiths concurring therein. Such
taxes shall be uniform. But no special
tax shall be levied on real or personal
property, Except the special tax to be
on such subject as the State imposes a
license tax for the exercise OF privi-
lege." To enforce collection of such
taxes the Jurisdiction OF the municipal
authorities shall in cases of collecting q
license tax where the State imposes a
tax, extend one mile beyond the corpo.
rate limits prescribed by its charter.
The council shall have the power to
prescribe how aud when the taxes shall
be levied. But no such tax on any such
property or capital outside of said cor
poration limits and within said mile,
shall be imposed by any such council ;
and the power OF taxation outside Of
said limits and within said mile, shall
only extend to the imposition OF Ii
ceuse tax on such subjects as the State
i'm poses license tax, and the power OF
enforcing the payment thereof mo
bonds shall be issued by any such corr
poration under this law, unless all ques.
lions connected with the same shall
have been first submitted to the quail
fed voters of such corporations, and
have received three,ffths Of all the votes
cast for and against the same"
When the council shall deem it eX-
pedient to Issue bonds an ordinance
specifying the purpose and amount for
which they are to be issued shall be
adopted by them in regular meeting.
1t then shall be the duty of the CHIEF
officer of the city to issue proclama-
ton stating at which time such election
shall be held, aud such proclamation
shall be printed in all the newspapers
in the city, town or village at least once
week for two weeks previous to such
election. When there 10 no such paper
published in the city or town the author
tiles may adopt whatever manner OF ad'
vertisng such election as they may
deem eXpedient. All persons qualified
to vote at ether municipal elections anc
no others shall be entitled to vote al
such elections. The proclamation pro
yided for in this act shall specify thu
AGGREGATE amount OF Indebtedness issued
and authorized OF such city, town o.
village existing at date Of the procla
nation. The bonds shall be Of one hun
bred dollars and multiples thereof and
shall be payable not less than ten OF
more than thirty years after date, and
shall not bear more than ten per cent
interest which shall be paid annually
and no debt shall be hereafter created
by any city, town or village, except thu
debt designated aud provided for by thu
act as the bonded debt"
1t shall be unlawful for the officers o
any city or town to issue or sell direct
" or indirectly any bond, or to lssu
any other evidence of Indebtedness Il
be used in payment for work or mate
rials to be furnished, but all such bond
shall be publicly sold upon the term
prescribed by this act, to the highes
bidder in writing, to be approved by tn
officers conducting the sale, for cash, o
it's equivalent in bonds previously issue
by such city, town or village, and tn
revenue arising theretrom shall be USE
az by this act authorized, and before an
~ erob honda ss;d sale shall be ad
vertised at least four weeks previous Il
such sale. The treasurer and his Sc
curities shall be liable for the sinking
fund and the interest heretofore levle
! or hereafter levied for q sinking fund
and it shall be applied to the purpose
herein specified or for inTestmen: i
United States bonds. Any officer VIC
latiug this act shall be fined d. not lee e
,bor s,OO nor more than $500 and b