Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1881-01-22

townships, whe oppose the proposition
to cempremlse and fund, may deposit a
written or printed ballot in this form
ITO compromise and fund bonded in
or, "to compromise
and fund railroad subscriptien-no; -
and the votes on such proposition shall
be taken, and the returns thereof made,
and canvassed IN ali respects as is or
may be provided by law for the election
and returns OF state and county Offices
[officsrs [Laws 1879. p. 80, sec. 3
Sec. 4293. Lety of tao, etc.-The
faith and credit OF each and every coun
ty, township, or parts OF townships, city
respectively pledged to carry cut in
good faith any contract made for the
funding, compromise or redemption OF
bonds. coupons or subscriptions to the
capital stock Of any railroad company.
Aud any county, city, town ortownship,
or parts OF townships, funding or com
all or any part OF its bonded
or subscription to tho cap
ital stock OF any railroad company, under
the provisions OF this article, shall pro
vide. in the express maun3r now provi-
ded by law, for the levy and collection
OF an annual tax sufficient to pay the an
nnal interest, on such bonded or funded
as the same tails due and
the county court Of any county, or the
municipal authorities oi any incsrpsra-
ted city, or town, having compromised
their Indebtedness, and issued bonds
therefor, or, having other bonds out
standing, may, in their discretion, at the
time OF making the annual levy of taxes
tor county. town OF city purposes. also
levy, IN the express manner now prov)-
dsd by law, y special tax, not exceuding
i've mills ON the dollar id any one year.
which shall be extended aud collected
quired by law to be extended and col
lectsd and the proceeds, when collected.
shall be invested either In the county
bonds of such county or the bends oil
such city or town, or in intsrest-bearing
bends OF this state sr ot the United
States, at their lowest market value, in
the discretion OF the county court, or the
municipal authorities OF such city or
tswn. claws 1879, p. oil. sec. ~ ora,
Sec. 4294. Treasurer, may purchase,
,chen-Whsnever there may be, in the
hands OF the county treasurer, or the
treasurer OF any city ertown, "a sum
arising cut oi the proceeds OF the tax
Aforesaid. sufficient to purchase enc Oh
more Of any of the classes OF bonds
hereinbsfore mentioned, the county
court or the municipal authorities OF the
city or town shall order the treasurer to
purchase such kind OF bend or bonds as
they may designate. claws 1879, p.
81 seq, 5.0 .HfE
Sec. 1895. Bond purchased to be
Cancelled, etc.-AH county, city or
town bonds aud their coupons 50 pur-
chased shall have The fact OF such date
and purchase indorsed thereon and
be deposited In the office OF the county,
city or town treasurer, and there kepl
until all the then outstanding bonds o.
such county, city or town shall have
been paid or cancelled, when they shal
be publicly burned and destroyed, In
the presence OF the county court. clerk
treasurer. sheriff and ut least three
spectators, and all such persons as may
desire to be present.: provided, that /,
list OF all bonds 50 destroyed, showing
| the date, amount and number OF each
and the date OF burning shall be KEEP
and preserved in the office OF the coun
ty clerk, or the clerk of the city or lswn
fRhpFiasdx RAW DC any ttm5, n the d1scrstI6n
tbs county court or municipal authori
ties OF tho city or town, before bein.
burned. be cancelled under the order o.
such county court or municipal authorl
ties, by writing across the lace thereof
the words ''canceled by order OF tn
county court" or municipal authorities
~ the case may be, and the date OF can
| collation.. lLawslS79. p. 81. sec. 6.
| Sse. 1886. Sinking fund, hsac in
! resled.-Whsnsvsr the county court .
! municipal Authorities shall be oil tn
| opinlon that it wsuld be mere Ter the in
tersst Of the county, city or town to in
vest the sinking iund Aforesaid at an
time on hand. in state or United State
bonds as aforesaid, instead OF county
city or town bonds, 1t shall order tn
treasurer to purchase or cause to b
purchased such bends as 1t may desiG
nate, whe shall thsreupon purchase Y
cause to be purchased, as seon as poss
Bile, as many of such bonds as the funC
in his hands will permit, at the lowsI
and best rates obtainable, and not e,
L SCColbk LhC oAASt 1uos~eaShS sh3 hNt<
ior such bonds on the stock exchange
1SedLouis or New York, il such bOnt
are there quoted, and If not, then ],
rates not exceeding the limits to be fixe
by such county court or such municip,
authorities, and all such bonds whe
purchased shall be deposited IN the o
iice OF the county, city or .tewn treasl
rer. and be by him kept until he is o
dered by the court or municipal auths
t lilies to dispose OF the same. as herelna
ter provided Uaws 1879, p. 50, Sect
!, Sec. 1927. State and other bona
mGy be sOld.-WhensEor tho count
court or the municipal authorities of ar
city or town shall deem 1t to the intere
/ oil the county, city or town. to sell ar
county, state or United States bond
then hold by such county, city or tow
under the provisions et this article ar
invest the proceeds in other bonds, the
shall order the treasurer to make
cause to be made the sale and purchas
provided. he can sell at .pricss not les
and purchase at prices not excssdir
! the limits to be fixed by the order; ar
it shall thsrsupoh be the duty -ef ii
treasurer to make change as soon as
can bs done agreeably to the terms,
such erder. claws 1879, p. SO, see 8
| Sec. 1898. Liability Of county a,
city asurers.-County, city or tow
!. treasurers and their securities shall
responsible for the custody safe keel
, ing and transportation OF all moneys al
bonds coming into the hands under II
management or control OF such treas
J rers under the provisions OF this artiel,
f provided, that if any county court, or Il
municipal authorities oil any city or tow
/ shall determine to levy and collect su,
tax before the expiration OF the term
, Office et their present treasurer, th,
| shall, at the time OF making such lev
which levy shall be made in the EXPIRE
manner now provided by law also ord
f such treasurer to give an additions
bond, with approved security, in su
+ not less than the amount proposed to
g levied and collected, conditioned that
r will safely keep, account ter. and tul
5 over to his successor in Office all mon,
, and bonds by him received, under Il
/ provisions OF this article, and upon b
/ failure to give such additional boz
3 within thirty days, his office shall be v
cant. claws 1879, p 80. sec. 81
, Sec. 1899. Funds exempt from eu
B cutisn.-No money collected nor bon,
purchased under the provisions oil th
Z article, shall be subject to execution nj
liable to be levied upon. taken, ssque
3 tratsd, or applied toward paying Il
debts of such county, city or town, n