The Providence news. (Providence [R.I.]) 1891-1906, 1906-02-08

the act making quarries nulsances passed
hastily last session.
IL was referred to the committee on ju.
dietary
The same member also introduced a bill
for an act to provide for fire proof safes
for care of records in various towns. and
also a resolution for 5000 for enabling the
state record commissioner 70 complete the
work recording the names OF the soldiers
and sailors in the colonial wars which
were read and referred TO the committees
on judiciary and finance respectively.
Mr. Herrck OF Woonsocket introduced
| joint resolution proposing amendment
| to the Constitution OF the state. giving
| the governor the veto power. which was
road and referred to the committee on
| special legislation.
| Mr. Goblin OF Westerly introduced
/ claims OF the Westerly Savings and Loan
association. and Matte p. Babcock for
rent of offices OF the sheriff and CLERK
of the Third District court for S37. 80, and
$3.50 respectively. They were read and
referred TO the committee on accounts
and claims.
Judge Palmer OF Cranston introduced
a bill for an act to exempt old soldiers
and sailors (veteranS OF tho Spanish and
Civil wars) from payment OF poll taxes.
II was referred to the committee on
judiciary
Mr.. PAN of New shoreham reported
cries with Henry Anthony as chairman
and Joseph G. Anthony clerk
HIGHWAY BOARD ISSUE.
a. 1880 the special order rof the day was
in order Substitute A. for an act To
authorize the issuance OF bonds TO be
known the Highway Construction loan
was taken up.
DR.. Williams or Bristol asked for In
Formation regarding the turning back the
n AZ M N to ha sfpLi iOp
found
Mr.. Bliss said II the bonds proceeds
We're put out at interest II would have
TO equalize tho payment OF interest on the
bonds issued.
The act passed without further opposi-
tion
The bond bill provides:
1t Is enacted by the general assembly
as follows:
Section / The general treasurer IL
hereby authorized and directed TO issue
scrip or certificates OF indebtedness I'm the
name and behalf OF the state. and under
ernor. to the amount OF six hundred thou
sand dollars. 10 be designated the high
way construction loan Said scrip shall
be issued az registered bonds or bonds
with interest coupons attached said bonds
shall mature not more than thirty years
from the date Of their issue. shall bear
interest az rate not exceeding three per
centum per annum. payable semi-annually
I'm gold coin Of the United States AZ the
present standard Of weight and hneness.
and shall he redeomable at maturity VA
gold coin Of the United States at the
present standard Of weight and hneness.
At least two hundred thousand dollars or
the par value Of said bonds shall he is
sued and sold before the first day Of
January. 1907. and the balance on or be-
fore Jan. lst. 1905. I'm such instalments
as the general treasurer shall determine
10 the highest bidder. after public adver-
tisement provided. however. that none of
the said bonds shall be sold AZ less than
the par value thereof Said bonds shall
he exempt from taxa tion I'm this state.
ESTABLISH SINKING FUND.
Soc. .. The general treasurer shall. on
issuing said bonds establish \ sinking
fund and apportion thereto from year 10
year an amount sufficient with its ac-
cumulations 20 extinguish the debt AZ its
maturity The amount necessary each
year 20 pay the interest and sinking fund
requirements OF said bonds shall he m
cluded In and made n part OF the annual
appropriation bill for tho expenses Of the
state government. and any premiums over
the par value Of said bonds received OH
tho sale thereof. shall form a part OF said
sinking fund for their redemption.
Sec. 3. The amount received from the
sale OF said bonds. less any premium re-
ceived over the par value thereof as pro-
vided In section .. Is hereby appropriated
for the completion OF the system Of state
roads TO he expended under the direction
of the state board OF public works In ac-
cordance with chapter aSc OF the public
laws. and the state auditor r. hereby au-
thorized and directed. upon the receipt ot
vouchers properly authenticated by said
state board Of public roads. To draw his
orders upon tho general treasurer for the
payment ot such expenditures; provided
however that such expenditures do not
exceed tho sum Of $4,000 for tho fiscal
year ending Dec 81, 1905.
Sec !. The interest accruing upon the
amount received from the sale OF said
bonds. less the aforesaid premium. shall
he turned over TO tho tressDy OF the
state.
srr s. This act shall take eject upon
It's passage.
CONTINUED on Page Two)