The Highland weekly news. [volume] (Hillsborough [Hillsboro], Highland County, Ohio) 1853-1886, 1879-03-27
To Authorize the Town Of HiIlsbOrO to
Build a Railway.
H. B. No. S19-1L-. Da,08On, Of
Highland.
A BILL

A BILL,
Relating to Incorporated Villages
which, by the Federal Census of
1870, had, and which, by any sub
sequent Federal Census, may have
population of two thousand eight
hundred and eighteen (2,818.l
SECTION l. Be it enacted by the
General Assembly of the State of
Ohio, That whenever in any incor-
porated village which, by the federal
census of 1870, had, and which, by
any subsequent federal census, may
have a population of two thousand
eight hundred and eighteen (2,S18,)
the village council thereof shall, by
resolution passed by a majority Of
the members elected thereto, declare
it to be essential to the interests Of
such village that a line Of railway,
to be named in said resolution,
should be provided between termini
designated therein, one of which
shall be such village, it shall be law
ful for board Of trustees, appointed
as herein provided, and they are
hereby authorized to borrow, as a
fund for that purpose, not to exceed
the sum Of one per cent. of the value
of the property on the tax duplicate
of such incorporated village, and to
issue bonds therefor in the name of
such incorporated village, under the
corporate seal thereof, bearing inter
est at a rate not to exceed seven %
per centum per annum, payable
semi-annually; said bonds to be
payable at such times and places,
and in such sums as shall be
deemed best by said board said
bonds shall be signed by the presi-
dent of said board, and attested by
the clerk of such incorporated VII
Iage, who shall keep a register of the
same, and they shall be secured by
the pledge of the faith of such vii
Iage, and tax which it shall be the
duty of the council thereof annually
to levy, (which tax shall not exceed
four (4) mills on the dollar in any
one year,, to pay the interest and
provide a sinking fund for the final
redemption Of said bonds provided,
that such village shall not in any
one year levy taxes to a greater
amount than twelve 12) mills on the
dollar, including the levy for said
bonds and provided, that no money
shall be borrowed on bonds issued
until after the question of providing
the line Of railway specified in said
resolution shall have been submitted
to a vote of the qualified electors of
such incorporated village, at a spec
ial election to be ordered by the
village council thereof, of which not
less than twenty days notice shall
be given in the papers published in
such village and further provided,
that a majority of said electors vo-
ting at such election shall decide in
favor of said line of railway. The
of said election shall be
made to the clerk of said iDcOrpora-
ted village, and be by him laid before
the village council, who shall declare
the result by resolution. The bonds
issued under the authority of this
shall not be sold or disposed
Of for less than their par value.
SEC. 2. If q majority of votes
cast at said election shall be in favor
Of providing the line of railway, as
specified in the first section, it shall
be the duty of the clerk of said in
village forthwith to file a
petition in the court of common
pleas in the county in which such
village is situated, praying that the
Judge thereof viii appoint three