The Montgomery advertiser., 1909-09-16

corporation, and the inhabitants. thsr~-
 of. to sell .ieass. or dispose of such
 electric light plant. Eas plant or water
 works plant such sale or dispositinp may De made % in this act provided.
 Section 2. That before any sale. lease or disposition of an electric light plant sa. plant or water works plant of any city. town or municipal corr
 poration shall be made. the Board oe
 Aldermen or other governing body shall pass e resolution declaring it t0 be in the judgment of said Board oe Aldermen. or otbsr governing body. to the best interests of the oity. town or municipal corporation that the sleo- tric plant. gas plant or water works plant of such city. town or municipal corporation shall be sold. leased or dis- posed of, to fix in the said resolution the minimum price at which the sale, tease or disposition should be had. and ct or after the passage of said rssoln- ton, the said Board of Aldermen or other govsrnink body shah order . all the voters in said city. town or municipal corporation. who are Quaii- flied voters under the laws of this state may vote on the proposition of wheth- CT such sale. lease or other disposition of such electric plant. gas plant or
  Such election. if ordered by the reso- ' iution of the Board of Aldermen or other governing body of the city, town, or municipal corporation shall be called by the Mayor of such city, town Or municipal corporation to be held on the day fixed by the said resolution of the Board of Aldermen or other gov-- corporation. which day shall not be less than thirty days from the date of the passage Of the said rssolu- tion ordering the election. and notice of election shall be given by advertise ment published at least once . week tor three consecutive weeks. In one or more newspaper published in the city. town or municipal corporation owning the plant proposed to be sold or dis posed of, and if there be no paper 90 published notices shall be posted at i've or more public places in such city. town Or municipal corporation, ana came shall be published in . newspa per published in the county in which . the city. town or municipal corpora ton is located. At the election DO or. dered all qualified voters under the laws of this State resident citizens or such city, town or municipal corpora ton may vote. and the ballot shall oe provided or furnished by the Board or Aldermen or other governing eoay' ano
  to the laws of this State ex.s cepts as herein otherwise provided The managers. clerk and returning officers of the election shall he ap- pointed, and the voting place shall be also designated by said Board of Ale derman or other governing body; ths ballots shall nave plainly printed on plant. or gas plant or water works plant Gas the case may be) be soid. leased Or disposed off" and following said words shall fbe "Yes" and below that NO, with convenient space for , the voter 10 place cross mark bee fore the word expressive Of his wish. The ballots shall be kept in scaled ton the box shall. by the managers be forthwith turned over to the officers as "the returning officers and shall by them De safely and at once delivered to the Mayor Of such city. town or municipal corporation, and within three days after such elec- tion the votes shall be canvassed and counted by the Board of Aldermen or other governing body of such city. town or municipal corporation. and 1t shall declare the result If the result Df such election be in favor of sale. lease or disposition of the plant, the Board of Aldermen or other governing OO6y DL bthw ChtSb tOWA VI aAoAhDAP@NA may proceed to sell. lease or dispose of the electric light plant. gas plant or water works plant owned oy such city. town or municipal cor poration at price not less than the minimum price fixed as aforesaid. and upon such terms and time of payment as to the said Board of Aldermen or governing body may seem best. but if there be deferred payments the same z. must be secured by Hen on the plant sold or disposed of. t. ,
 Provided that if there is any bonded existing which svas in- surred in the purchase or construction | of such electric pIsnt. gas plant or water works plant which is 6 lien upon the plant the purchaser shall as- sume the payment of such bonded in- 
 Section g. That this act shall be in force from and after It's approval by the Governor.
 Approved August 2s. 1909.
 Official.
 Frank N. Julian.
 Secretary of State