The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1895-06-04

commission in this state having an assessed val
uation of nine hundred thousand dollars, to pur-
cnase one OF more steam nre engines OF otner ap-
pliance or apparatus for the extinguishment OF
fires and erect buildings for the housing of the
same, at cost not exceeding ten thousand dollars
2. And be it enacted That in case any common
council or other governing body of any incorpora-
ted town, borough, town corporate or commission
who shall desire to avail themselves of the bene-
fits of the first section of this act NAV issue town
bonds said bonds shall be issued for no other
purpose than for the set forth in this act the
said bonds shall be signed by the mayor or presid-
ing officer by whatever name designated and the
clerk of such governing body; provided, however,
that before any such bonds shall be made or issued
tne IolloWlng snail be complied with and observed :
The said common council or other governing body
shall cause resolution to issue such bonds to be
submitted to the legal voters of such incorporated
town, borough, town corporate or commission, by
causing such resolution to be written or printed
on ballots underneath which shall be written or
printed the words "for the above resolution" or
against the above resolution" which votes may
be taken either at the annual town meeting or at
special town meeting to be called by the said
governing body for that purpose; provided, fur
ther, the bonds hereby authorized shall bear in
terest at rate not exceeding five per centum and
shall not be disposed of sold for less than their
par value.
8. And be it enacted, That in case such vote is
taken at the regular annual town meeting, the
said resolution may be printed written, partly
printed or partly written, on the ballots used at
such town meeting, and in case a special town
meeting is called for that purpose the ballots to be
used shall contain only the said resolution and the
word hereunder as mentioned in the preceding
section. and that said common council shall give
at least ten days notice of such special town
meeting, specifying the time and place where such
town meeting shall be held, and the purpose and
object thereof, by notices printed written post
ed in five OF more of the most public places in said
town corporate, borough, incorporated town or
commission; and the result of said town meeting
or election, as to the said resolution shall in either
case be certified to the said common council or
governing body by the board of election acting at
such town meeting or election and the town clerk
or clerk of other governing body, under their re-
spectiye hands and in case majority of the le-
gal voters az shall appear by such certificate shall
nave voted for such resolution, then such common
council or governing body shall proceed to issue
such bonds forthwith and use the same for the
purpose or purposes expressed in said resolution ;
and such bonds shall not be sold or disposed of in
any way or manner for less than their par value.
4. And be it enacted, That in case special town
meeting or election be held for the purpose men,
TONED In this act, the shall be held and con-
Quoted in the same manner in which the annual
town meeting or election is now held and conduct
ed, and the expenses thereof shall be paid in the
same way.
5. And be it enacted, That all acts or parts of
acts inconsistent with the provisions of this act be
and the same are hereby repealed.
6. And be 1t enacted, That this act shall be
public act and take effect Immediately.
cd