Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-08
Chapter lbs

| ~ ACT to amend an act entitled An act to reduce
Inc >tYeIai acts incorporating the town of Norris
own INTO one act, and amend the same" passed
'VNtlnHtr u So chapter 10; and to amend see
IONS ., and I OF act entitled An act tOau-
IepteuntSS approved March Il, 1877, chapter
~, IN It's application TO said town of MorIistowf
%, TON J. BC a C1r',R by the G,uCTGL ASNs,4b NJ
-, StItt n I,IHCSy,c That the third section OF the
~ dyt approved March II, 1877, chapter TO-
uitH An act To authorize municipal corporations TO
cIe thsir Indebtedness 50 far as the same relates
% AoflINto"n, be AMI the same is hereby amended
so IS 10 Ttai as follows: That the new bonds of the
sb VI o.!SioMil hereby authorized to be issued,
ndt4I'ty ana shall be Tedeemabe by the corporation
at my ut a. Ter five years from the date OF issuance
ana shall DE issued in sums of one hundred dollars
iSii' -" IN coupons attached, bearing six per cent.
interest - rHEU ritv;tilr t me IraasuraT'S nttice
III MOTIFS own auuu3lly. on he first day OF j Il
signed 10y mayor ana COuntprSilred by the re-
cjier O! the corp0ratC1 with the corporate zeal AZ
books OF the corporation Showing The umb.r of The
whom Issued aud when payable; and record
o. ne bones, coupons, Judgments OF Uthe
indeb sdness Cf the corporation surrendered or dis
Cnti3yd II! consideration OF the bonds shall
ing the date and character OF said Indebted
LtaS Iaice.Iei by whom surrendered or discharged
&Ed the number date of tine new bonds issued in
lieu thereon. said new bonds shall be Fedeemable
~ me pleasure OF the corporation IN the order of
from heir date OF Issuance, thirty days notice to
me No Or his or her agent, designating the bonds
calico Tor payment and the time and place OF pay
!neht (Wnlch place shall be the tTeaSureTS Office In
N0FristoTn). or If the residence or name OF the
holders OF the called bonds is unknown then the
notice above required shall be published for four
successive weeks In newspaper published iu Nor
ISlc"n, The last insertion TO be week before the
t!he OF payment, and upon the bonds thus called
Tor payment, with notice served published as pre-
scrbed no Interest shall run Oraccumulate after the
time fixed for payment thereof, unless upon pTeseI-
tttlon Of The bona OF bonds for payment the same
sec ,. BE II frthor enacted. That TIE sixth sec
tlyn 81 TIE said act approved March II, 1877, chap
ter 10, entitled An act to authorize municipal cor
UcTationS TO settle their indebted ess so far IS the
same rel ties TO and constitutes part of the charter
oi HOfristO|n, be aud the same Is hereby amended
50 as TO read as follows, TO wit: THAT the said cor
poiltl0n Of NorriStOwn, after fsSuug bonds under
amended shall be and is hereby Prohibited I on IS
suing tnd5 or other evidence of indebtedness tor
80 long IS any Of the said compromise bonds are
outstanding and unpaid, and the board of mayor
ana aldermen oil M0r5istown shall annually during
the first tY- Years after the Issuance Of said
promise boJds, levy a special tax TO be known
a. NE interest tax, which, when collected,
shall lie amply sufficient TO pay all the coupons at
t1ehed 10 said bonds as respectively mature. and
all COUPONS not otherwise PAID or satisfied shall,
upon presentation to the treasurer OF the corpOrs-
tiOn IN MoT5istown, be paid us they respectively
tu!ti ana Il Yer the expiration OF said FIVE year, the
said board of mayor and aldermen of MoTrisown
shall annually levy special tax, to be known the
interest and Bond Tax. OF at least one per ceHttJ
on all property taxable for corporation purposes,
and the Interest bond tax, when collected shall
he faithfully applied first to the payment of the
coupons they respectively mature and, secondly.
to tue payment at par of the said compromise bonds
IN the order OF their numbers, as the amount thus
realized may enable the board OF mayor and alder
men 10 call in and pay Off In the manner above pro-
vidsd.
Sec ,. Be Uttirthr citcted, That the seventh sec
ton OF the said act. approved March Il, 1877.
chapter TO- so far rs the IeiateS to and cOnSt
tutes part of the charter of MOrriSt wn be and the
same is amended as TO read rs follows: The
board of mayor and aldermen OF MOrTStOWn shall
not during the first five years after the issuance of
said compromise bonds, nor until The whole amount
OF such bonds outstanding and unpaid Is less than
five thousand dollars levy Tor any purpose whatever
to5her than the special tax abpue provided 10 j. a
d year. and the board OF mayor and aldermen of
MoyrlStown snail Fegu re CI the tax collector and
treasurer OF the corporation ample bond ana seoul
y Tor the faithful discharge of their respective du-
tie in the collection safe keeping and accounting
for said eCl taxes provided for in addition the
ordinance bond OF said officers
Sec !. Il. II T.JtheJ csIcf.5i, That said act, ap-
proved March II, 1871. chapter 10. entitled An
Act To- authorize municipal corporations to settle
their indebtedness, as hereby amended, shalt be
and constitutes ali amendment to and part OF said
act, passed NCy5Gabtr&i, 1867 chapter q, entitled
AN Act u reduce lie several acts Incorporating the
town # MOntsIOSn into one acr, ana 10 amend the
same but said act, approved March II, 1877,
chapter 10, IS not repealed or amended otherwise
taaI herein provided, ana only ia It's application to
anC IS tart VI The charter OF the town of Morris
tom
See. D. 81 il ftrthsr ,,,a.ted, That as the public
welfare requires, lhis act viii take effect from and
alter its passage.
Passed March II 1879. J. R. NEAL,
tleF the senate