Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-06-19

SEC. Z. That the sinking-faud commissioners
of said District are hereby continued; aud a.
shall be the duty Of said sinking-fuud c0mnis-
sioners TO cause bonds OF the District Of COlam
bia to be prepared, in sums OF fifty and nve
hundred dollars, bearing date August LIST, lisa.
payable nifty years after date, bearing interes
at the rate of three and sixty Eve hundredths
per centum per snDum, pay able semi annually.
70 be signed by the secretary and the treasurer
OF said sinking fund commissioners AMI cOun-
tersigned by the comptroller of said District
ard sealed as the board nav direct; which
bonds shall be exempt from taxation by federal
state, or municipal authority, engraved AUD
printed AT the Expense Of the District OF Colum.
eia, ard in form not inconsistent herewith
And the faith Of the United States Is hereb,
pledged that the United States will, by proper
proportional appropriations ss conte nplssei IN
this act, and by causing 20 be levied upon the
properly within said District such taxes as vii
provide the revenues necessary 90 pay the utter
est on said bonds - the ssne may become du
and payable, and create 4 sinking fund for tue
payment OF The pTinCipel thereof AZ maturity
Said bonds shall be numbered consecutivelv
and registered in the office OF the comptroller of
said District, and shall Also be registered in che
'ffice OF the Register OF the Treasury OF the
United States, for which last named registrs-
ton the Secretary Of the Treasury shall make
such prov ision IS may be necessary. And said
commissioners shall use all necessary means for
the prevention of any unauthorized or fraudu-
lent issue OF any OF such bonds. And the said
sinking-fuDd commissioners are hereby author
lZed 10 eHcb ange said bonds At par for like sums
OF any class OF Indebtedness in the preceding
section Of this act named, Including sewer
taxes or assessments paid, evidenced by certif-
Gates OF the auditing board provided for in this
act.
Sec. 8 That the authority conferred on the
Board OF Public Works TO issue additional GER
uhcates OF Indebtedness by section four of the
act of the Legislative Assembly approved on
the 18th day of May, 1873, is hereby annulled
No property shall be advertised for sale or sold
for the collection OF any assessment authoriz sd
by the Legislative Assembly By the act entitled
IAN act creating drainage and sewerage sec
tons In the cities Of Washington and George
town, in the District Of Columbia, and providing
for the payment of the construction Of sewers
and drains therein by assessments and issuing
certificates therefor" approved on the 26th
day of Jure, lsI3, until otherwise ordered by
Congress; and II shall be unlawful TO issue any
further certificates Of indebtedness authorized
by said act.
Sec. 9. That no hoard or commission OF which
the Governor is ex-Cfficio member (the Board
Of Public Works eXcepted) shall be abolished by
this act, but the members OF the same other
than the Governor, shall constitute such board
or commission.
See. 10. That the act of the Legislative As.
sembly Of the District OF Columbia entitled IN
act to fund unsettled liabilities o; tue city OF
Washington, and providing for the issuing OF
the bonds, and levyiDg aud collecting tayes to
pay the same" approved June 10th, 1872, is
hereby ratified and approved; but none OF the
bonds authorized by said act remaining unsold
shall be negotiated or sold at less than par.