The Birmingham age-herald., 1907-08-29

| ceeds of the proposed assessments, t, l be thereafter made as provided in thii | act. and such sum or sums so borrowed | the mayor and aldermen may advance l for the construction of such improve | ments and after the completion thereof | and upon the expiration of thirty days l after the assessment for the cost oi l such improvement shall have been made l final, the mayor and aldermen may ther | issue and sell bonds for such amount | as may be necessary after deductine
 the amount paid by property owners 10
 pay the cost of said improvements in | cluding such amounts as may have been | borrowed for the purpose and all in- | terest and other expenses incurred for | the construction of said Improvements. | Sec. 137. Said bonds shall be nego- | tiable and payable to bearer and may be payable in lawful money or gold coin of the United States as the eoun- cn may prescribe and by the ordi- nance providing for the issuance of such bonds. full provisions shall be made for their form and character and
 said bonds shall have coupons attached to represent the interest thereon, and the council may provide that such bonds be changed from coupon to reg istered bonds. or vice versa. Said bonds shall be in such denomination as the Scouncil may direct, not to exceed one thousand dollars and not less than fifty dollars each. They shall bear in- terest at not to exceed eight per centum (S per cent, payable annually or semi-annually, at such place or places as may be designated therein They shall be issued under the cor porate seal of the city or town and shall be signed by the mayor and treasurer thereof and shall be dis posed of at not les taan par, but the council may provide in the ordinance
 4s,#as of any improvement or by subsequent order, that the bonds to be hereafter issued to pay for such Improvements may. upon the completion and accep- tance of such work be issued to the contractor at not less than par, in pay ment or part payment of the contract price for such work. The said bonds shall be payable ten years from tn cir date, but any bond or bonds so issued and sold shall, at the option of the city or town be payable at any interest period; but in the event the city or town should elect to pay off any such bond or bonds before maturity. 1t shall pay as a bonus to the holder thereof a sum equal to ane-half the annual in terest thereon, and the city or town shall give pupllc notice of it's inten- tion to redeem the said bond or bonds, describing the same by number and series, by publication once week for  per published In said city or town of general circulation therein.
 Sec. 13S -4ny city or town having a population of less than six thousand and not excepted from the provisions of the constitution prescribing the limit of in- debtedness which may be incurred by cities and towns of less than six thou sand inhabitants and having an existing indebtedness of such amount as would preclude such city of town from Issuing improvement bonds of the character above described may, notwithstanding such indebtedness, issue such bonds, but the same shall be a lien or charge only against the property improved and against the funds collected from the assessments levied against the property improved. and shall not be the general obligation of the city or town, nor shall such city or town be- In any way, liable to the holders of such bonds in ease of failure to collect the same. Such last described bonds, when issued shall convey and transfer to the owners thereof all right, title and interest in and to the assessments and the lien upon the respective lots or parcels of ground herein provided for. which liens and assessments shall stand as security for such bonds and coupons until they are paid, with full power in the holder of such bonds or coupons to en- force the collection thereof by foreclosure in any court of competent Jurisdiction pro- vided that the first bond or coupon hold CT who institutes q foreclosure suit in any court against the property assess ed, shall only be entitled to have the pro ceeds of said suit applied pro rata to tho payment of his own bonds and the bonds held by others, so that not more than one foreclosure suit shall be brought against any one lot or parcel of land.
 Sec 139. The proceeds from the safe of bonds authorized to be issued by this act shall be applied only to the payment of the cost of the improvement designated in the ordinance providing for their issue but should there be any surplus from any bonds issued over and above such cost, it may be applied to the cost of other improvements the cost of which shall be assessed and collected as herein provided for.
 Sec 40. Nothing in this act shall be construed as to take from the council or any city or town or in any manner affect the power and authority to compel the property owners by penal ordinance or otherwise to repair the sidewalks in front of their property in such manner and win such material as may be directed under the supervision of the engineer, or other officer or agent of the city or town, or to cause such repairs to be made at the ex- pense of the property owner, such ex- pense to be collected as in the case or taxes.
 Sec, Al. Whenever in the judgment of the council it may be necessary or expedient for the carrying out and full exercise of the powers hereby granted, such council shall have full power and authority to acquire by purchase or condemnation the necessary lands or rights or easements, or interests there in hereunder and thereover and may proceed to condemn tEe same in tho manner provided herein or by the gen eral laws of the state governing the taking of lands or the acquiring of an interest therein for the uses for which private property may be taken, in which case such proceedings shall be governed in every respect as the general laws of the state pertaining thereto,
 Sec. 142. In addition to the powers hereinbefore granted to them, all cities and towns of this state, shall have the following powers, and the council of such cities and towns may provide by ordinance or resolution, for the eXer- else or enforcement of the same:
 To prevent the introduction of con ts g!ous. infectious IT pestilential dis eases into such cities or towns, to es- tablish and regulate sufficient quar- antinc not inconsistent tc the laws of the state in the towns and cities and within the police jurisdiction thereof, and to punish any breach of quarantine law, to adopt such ordinances and reg ulations as the counci! may deem nee essary to insure d good sanitary con dition in public places or in private premises in the cities and towns, and praeprfl,e t1ta Iufipg and fix tlp s0l-