Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1874-01-06
Laws Pasaez by the Legislature.
Ihe Charleston Courier.I

svnon.;. ~ tome of the laws, and now give
soms n,s.si since our last synopsis, they are
as follows;
GA authorizing municipal corporations
- icon Sonds. All municipal corporations for
sIa e,5vernmeht of towns, cities and villages
! in It's State are authorized TO issue bonds and
to ell the same, providing the aggregate of
! ID debt thereby created shall not exceed 5
pr cent on the value of the taxable property
theein, which valuation shall be ascertsined
| by be last assessment previous to the issue
of uch bonds, and they are required to pro-
vid, for the collection of a direct annual tax,
spfcient to pay annually the interest on such
debt and the principle thereof within and not
exceeding thifty.four years. But such cor
poration shall not not exact greater amount
annually than the following proportion:
l. For cities of overG20, 900 inhabitants it
shall not exceed two per cent. on the assessed
value of property for State and county pur-
poses beyond tax for railroad purposes which
nay be imposed for that object not exceeding
three per cent. of such value.
2. Ina city of 900 and less than co.
600 inhabitants, the rate shall not exceed one
dollar and fifty cents on every one hundred
dollars value of property, by the last assess
pent, for State and county purposes.
| 3. In city or town of 3, 200 and less
| thar 10, 900 inhabitants, the tax shall not ex-
coed one dollar and twenty-five cents on every
one hundred dollars value of property.
f. Ira town or village of less than 3, 200
inhabitants, the tax shall not exceed 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
- ~ 6 81,
| tants of such city or town, three>ffths con-
curing therein. Such tages shall be uniform
| But no special tax shall be levied on real or
personal property, Except the special tax to
| be on such subject ss the State imposes q
| license tax for the exercise of privilege."-
To enforce collection of such taxes the juris-
detlon of the municipal authorities shall Ia
cases of collecting license tax where the
State imposes tax extend one mile beyond
the corporate limits prescribed by its charter.
The council shall have the power to pre-
scribe how and when the taxes shall be levied
But no such tax on any such property or capt.
tai outside of said corporation limits and with
in said mile, shall be imposed by any such
council and the power of taxation outside of
said limits and within said mile, shall only ex-
tend to the imposition of license tax on such
subjects as the State imposes license tax,
and the power of enforcing the payment
thereof" mo bonds shall be issued by any
such corporation under this law, unless all
questions connected with the same shall have
been first submitted to the qualified voters of
such corporations, and have received three
fths of all the votes cast for and against the
same"
When the council shall deem it exredient
to issue bonds an ordinance specifying the
purpose and amount for which they are to be
issued shall be adopted by them in a regular
meeting 1t then shall be the duty of the
chief officer of the city to issue proclama>
tion stating at which time such election shall
be held, and such proclamation shall be
printed in all the newspapers in the city,
town village at least once o week for two
weeks previous to such election. When there
is no such paper published in the city or town
the authorities may adopt whatever manner of
advertising such elections they may deem ex-
pedient All persons qualified to vote at
other municipal elections and no others shall
be entitled to vote at such elections. The
proclamation provided for in this act shall
specify the aggregate amount of indebtedness
issued and authorized of such city, town or
village existing at date of the proclamation
The bonds shall be of one hundred dollars ana
multiples thereof and shall be payable not less
than ten or more than thirty years after date,
| and shall not bear more than ten per cent. in
terest which shall be paid annually. "And
debt shall be hereafter created by any city,
town or village, except The debt designated
and provided for by this act az the bonded
| debt"
1t shall be unlawful for the officers of any
city or town to issue or sell directly or indi-
rectly any bond, or to issue any other evi-
| dence of Indebtedness to be used in payment
for work or materials 20 be furnished, but all
| such bonds shall be publicly sold upon the
terms prescribed by this act, to the highest
| bidder in writing, to be approved by the Off
! GERS conducting the sale, for cash, or its
| equivalent in bonds previously issued by such
| city, town or village, and the revenue arising
therefrom shall be used as by this act au-
! thorized, and before any sale of such bonds
said sale shall be advertised at least four weeks
| previous TO such sale The treasurer and his
securities shall be liable for the sinking fund
and the interest heretofore levied or hereafter
levied for sinking fund, and it shall be APP
| piled to tho purposes herein specified or foz
| investment in United States bonds Any of.
fcer violating this act shall be fined not less
than 500 nor more than $500 and be i'm,
| prisoued not less than ten days nor more than
six months for each offence.
''Bonds shall not be sold for less than their
par value" and all acts and parts of acts in,
consistent with this act are hereby repealed
This bill originated in the House of Dele,
| gates.
A MARTINsBURGER ARRESTED IN BAL,
| TIMoRE.-Upon the arrival of the western
train, Baltimore and Ohio railroad, at Cam
den station yesterday morning police officer
Lerp arrested passenger named Richard Tim,
mons. charged with purchasing six hudred