, 1877-03-17

snch new bonds and evidences Of ,ndebtednes,
'Ssea under the authority hereof shall De deemed
1 on1.l 1ully Satisfied. The State shall annually
COLLECT COLLECT and apply the said fund 10 the
po2t;oS n OF sad interest or interest md
nay be. Of such registered bonds or evidences of
1noeotedness Of any such county, city, town,
.n~nshlp' school district other municipal cor
plaleo 10 be derived from such tax, in the same
manner as the interest on tue bonds Of the State
OF may be collected OF paid, and in like moneys
a. shall be receivable in payment Of State taxes,
and moneys 70 paid upon the principal Of any sucn
bonds or evidences Of indebtedness shall be In
cGrsea thereon and due receipts therefor shall be
nc Accounts or State Treasurer, and interest
coupons or bonds or other evidences Of indcbted-
ness 50 paid shall be returned to one Of said Of
nces. and shall be Cancelled and destroyed in the
sane manner as those pertainiu: to the Suite debt
SEC. o. The State may out Of such fund first re-
sain satisfy The ordinary cost to the State Of the
eoHeclon and disbursement thereof. and in case of
the non ptekcntmeut OF any such bond or evidence
o1 Indebtedness or interest coupon Of any such
county, city: town, township, school-tlstsict or
other municipal corporation for payment at the
times and when and where the interest the State
debt is OF may he paid, theu OIL the beginning Of
the next year. the moneys BY reason thereof nnd's-
oufscd. together with any surplus for any cause
remaining. shall he carried to the fund OF snch
county, city, town, township, sehoo-district. or
other municipal corporation OF the current or
ensuing year, and he considered by the Auditor in
making bis next estimate for taxation therein for
euch year under this act, and shall be applied ac-
eordingly. All laws re1ative to the payment Of in
terest on the State debt or the cancellation OF the
evidences thereof, not inconsistent with this act,
shall apply to the receipt, custody. and dsonrsc~
mcnt of the taxes and funds provided bv this act.
SEC. Z, Upon the maturity Of such registered
bond or other evidence Of Indebtedness. and the
non payment thereof by the county. city, town,
township, school district, other municipal cor
poration issuing the same, the holder thereof may
cause the same to be registered in the office Of the
Auditor as matured or uusatished bond OF evi-
pose OF providing for the payment Of the principal
thereof at the rate Of 10 ceHof such principal
annually and OF the interest thereon In arrears,
and for the current Year to accrue, together with
bnrsemcnt thereof as aforesaid, the Same proceed
tngs in all respects shal be had is hcrcinbefore
ssan of bonds 'hs pad he Of
debtednese, by the collection Of an an
nual tax sufficient for the purposes IN thus section
applied ae aforesaid to such purpose from year to
year until the full satisfaction thereof when such
bonds or evidences Of indebtedness shal! be cau-
SEC g. Upon the payment Of any such regis
tered bond OF evidence OF indebtedness, and pre-
sentation thereof to the Auditor, he shall cause
SEC. o. II majority Of the legal voters voting
at any election held in any county, city, town,
township. school district or other municipsl cor
Issue new bonds or evidences OF Indebtedness under
this act for the purpose alone OF satisfying or TAX
ing up their respective bonds or dents.
Pee. ~. l1eIe sAn!i ~ ~ ..o, ~ ontho,;zad ~
be collected under the provisions OF this act the
1nwcd hy Inv for collcctiDc and paying over State
taIes: and where such tax IS levied, the bonds OF
the Collectors thereof shall be increased in pro
portion to the estimated amount OF such TAX to be
SEC 8 Whereas, Certain counties, cities. towns,
townships senoni anu hnn1s
eolPolalaons ~ LIE o ~ ;nJaht einess .hicb arc
az hort -. .,aturc md no law essts Whereby tic
san,c NAV lie funded ana registered therefore an
force from and after it's passage.
SOME AMENDMENTS WHICH DO NOT AFFECT THE
DANGEROUS PARTS
The bill was amended so as to require the
Auditor to return cancelled bonds and coupons
~ tho officers nf the rnunicDality which issued
+bnn,. ,,rnyidi,,ot that the Auditor shall make
low, annp,,aIlv fo2 thc interest on the registered
3onda issued Under the bill and for S Der cent
OF the prlhGpat, anu LA lo1u.'i:s 80 t4s 4aa -.
shall affect the right Of chicago 10 Issue ponos
under the act OF 1863.
for tne manner of holding elections upon the
nnest i'm ri iss,,ine bonds under the bi}f.
Mr. Cronkrite offered an amendment fixing
tne ui: ~ Au1'! - lnts t. G sill ~ of, nns;der.h1a
Inc oal at pe1 ee"t, Mis III mae nrs1eras ~
uiscussion, vas lush al'o ''e o''4 % ="
TO CATCH TA1-F1GHTERs'
Tho hill nroyi1ng for the collection OF taxes
IN r,ses where t,n appcal the Supreme Court
.,.rt ~ tt,e toy assessment has been set aside
a To- ,s"e1 II - ,}esiu,,ad tn facilitate the col
l.,1,nn Of over 500 200 OF taxes which, By a de-
,;s;ur of +he Sunrcnle Court have been sustained.
INT as II, these eases part Of the tax for which
iuiler,nrnt was rendered in the County Court
was set aside by the Supreme Court, and under
th. law rs it is the cases have to
h.. scnt hack tn the Curnty Court, the decision
~ +hc Srnrrme Cm,rt being q reversal OF the
iutur1ncnt lmlow should this bill become 4 law
orecnt;n,, wnul1 h. issued out Of the County
Court ur,on transcript for so much Of the tax as
tl,c Sunrenc Court st1stains, The material pro-
Vision ri the hill is as follows:
~ Al, ~,..s nj ,nneo1s heretofore taken or which
a,. harcoffor he f.krn to the Supreme Court from
The County Court refusing Judgment and the
decision OF the County Court has been or shall DC
reversed, and the County Court has been or shall
hereafter be by the order OF the Supreme
Court direcled to enter Judgment against the real
estate embraced in said appeal. it shall be the duty
of The Clerk OF the Supreme Court to make and
deliver TO Inc Clerk of the county from which such
nnncoi was or msy bc tukcn 4 record thereof, and
embracing all other usattcrs in cases Of adjuds,
mrnt bein. rendered by the Supreme Court, and
The county Court shall upon presentation Of such
certified record render jud gnent thereon as
directed by the Supreme Court, aud like
1,roceedingn shall be had upon such record
10 the sale and collection Of said Judgment.
in MI cases where any appeal has been taken to the
supreme Court from the judgment Of the Circuit
Court for any tax or assessment, and such Jnds-
nent shall hare been may be affirmed. like pro-
recAinr. aha1t be had, as near may be. for the
nnt,ce sale. and redemption. as If such appeals
xf.o f7<ns1Yf