Newark post., 1911-03-08

wilmington and IN one newspaper
published III the Town OF Newark.
Such notice shall indicate the bonds
called and in making said calls the
Council of the Town OF Newark shah
call the bonds according to their num-
ber, beginning wit hthe lowest number
and the interest on any o. the said
bonds shall cease from the date named
N any OF said calls for redemption
Section 81. That the said Sewer
Commission shali direct and effect
the preparation and printing and sale
OF said bonds authorized by this Act,
at such time or times and on such
terms as the said Sewer Commission
may deem expedent; but all moneys,
the proceeds of such sales, shall be
applied to carrying into effect the
| provisions OF this Act.
Section 22 That the form OF said
bonds shall be prescribed by the sard
Sewer Commission and the said bonds
shall be signed by the President OF the
Council OF the Town OF Newark and
| Dy the Treasurer thereof. and sealed
with the Corporate seal OF SAID Cor
poration, and shall be exempt from
state, County and Municipal Taxa
uol.. AS the said bonds shall be paid,
the same shall be cancelled as the said
| Council OF the Town Oh Newark shall
| direct.
Section 23 That the said Council OF
the Town of Newark is hereby author
lied and required to levy and raise by
| taxation in each year a sum OF money
sufficient to pay all interest accruing
on said bonds or any OF them, whilst
any of said bonds shall remain un-
paid, and the said Council OF the Town
of Newark is further authorized and
empowered to levy and raise by taxa
j'tion from time to time such sum OF
f. sums as shall be necessary to create a
sinking fund adequate for the redemp-
ion OF said bonds at or before the ma
turity OF al bonds which may be issued
under the provisions o. this Act. The
taxes for the said interest and for the
said sinking fund shall be levied and
collected as other taxes in said town
are, and shall be assessed on the head
and on property, and shall be in ex-
cess OF, and in addition to the sum or
amount which said Council OF the
Town of Newark is authorized by any
other law to raise by taxation The
sinking fund provided for bv this Act
shall be deposited in a Bank or Trust
Company, in the Town of Newark, ana
shall not be available for any other
purpose.
Section "a The faith and credit or
the Town OF Newark is hereby pledg-
ed for the payment OF all bonds that
may be issued under the provisions OF
this Act
Section IS. The bonds bv this Act
may be issued at one time and in one
series or at different times and in dif-
ferent series, as the Sewer Commits
sion of the Town OF Newark shall de-
ternine and the authority to issue and
sell any bond or number OF bonds uh-
der the provisions OF this Act, shall
not be deemed to be exhausted until
bonds issued shall be onethird Of the
entire cost OF the sewer system pro-
vided for i'll this Act.
Section 20. That before the provi-
sons OF this Act shall go into effect,
the question o: building and MAINTAIN,
ing a sewer system as aforesaid. shall
be submitted to the Voters OF the said
Town of Newark, nd be approved by
, a majority OF the votes cast at an elec'
ton which shall be held on the hrst
tuesday in the month OF April A. d.
lgII; and on any following year there
alter, whenever twelve or more ir.c-
holders OF said Town OF Newark shall
I make written application to said Sewer
Commission, stating that i'll their opln-
ION it would be for the best interest oi
, said Town to have a sewer system as
he-einbefore provided for and it shall
then be the duty OF said Sewer Com
mission within ten days thereafter tc
+ call special election and at such spec
, ial elections and al the election here
inbefore provided ror, to-wit: the trsi
; Tuesday in the month OF April, a. d
1911, each ireeholder, male or female
owning property within the said Town
,, of Newark, shall have the right tc
cast one vote for every dollar anc
fractional part OF dollar paid by him
or her under the last assessment, pro-
vided that he or she shall have paid al
taxes heretofore levied and assessed
against him or her and shall produce
{ tax receipt for same when demanded
y b yany person entitled to vote at salo
|, election. Notice of such special cleo
ton, as hereinbefore provided for
9 shall be given by the said Sewer Com
/ mission by advertising such specia
election in two issues OF newspape'
published in Newark and by motto,
. posted i'll at least ten public places il
4 said Town of Newark, ten days befor,
the time OF holding such special eec
= ton.
{ Section p. All elections provided
5 .or in this Act shall be held by thu
+ Election Officers as provided for il
e the Charter OF the Town OF Newark
: and all other formaites of said elec
: tions not herein expressly provided
d for, shall be as provided in other elec
d tons in said Charter, provided how
d ever, that nothing in this Section moi
r in Section 20. shall postpone or prohibi
h the election heretofore provided for
! to be held on the first Tuesday o