Evening journal., 1912-02-22


nance receive endorsed upon it, the
approval of the committee to which il
was referred, or a majority of said
committee, then such ordinance shall
be Immediately put upon its final pas
sage, and such ordinance snail not
pass unless the same shall receive a
two-thirds vote of all the members OF
Council
Sec. III. Whenever any eXtraor-
binary appropriation as aforesaid
shall fe made by the Council the
amount 20 appropriated shall be PAID
out of the revenue OF the fiscal year
then current, If the same shall be SUI
fcient. and in case the amount OF
any extraordinary appropriation snail
be In excess Of the revenue or the
corporation for the fiscal year IN
which such extraordinary approprla-
ton shall be made, such excess shall
be provided for and included in the
appropriation made and taxes levied
for the succeeding fiscal year. TO meet
any extraordinary appropriation uh-
der this section, the corporation may
temporarily borrow from the banks
or other sources, such sums as may
be needed for such purpose.
Sec 172. Council may by rdlnance,
passed by the vote OF two-thirds OF
all the members. authorize the Dor
rowing of money for municipal pur-
poses and the issuing Of negotiable
bonds in the name Of the corporation
TO secure the same. TO an amount not
exceeding in the aggregate. inclusive
Of the present bonded Indebtedness of
said corporation. ten per centum OF
the assessed value Of the real estate
| of said City. Until the bonded in
debtedness OF sad corporation is in
'creased IN accordance with the provi-
sions of this section, the aggregate
amount of the bonds Of said corpora
ton outstanding and unpaid at the
! time OF the passage Of this Act shall
be the limit Of the authorized bonded
indebtedness Of said corporation The
provisions Of this section shall not
apply when II may be necessary to
borrow money TO refund or redeem
/ bonds OF said City which may from
/ time to time mature. but in such cases
Council may authorize the borrow
/ ing of money, and the issuing of ne
gotiable bonds TO secure the same to
refund and redeem such maturing
bonds, by ordinance, which ordinance
need not be delivered to or approx
cd by the Mayor. Every ordinance
authorizing the borrowing Of money
and the issuing Of bonds to secure
the same shall specify the particular
purpose or purposes for which such
debt is created
Sec. 173. All bonds issued by said
corporation shall be signed by the
Mayor and City Treasurer and coun-
tersigned by the Controller. and the
Mayor shall affix the corporate seal
thereto All bonds Of said corpora
tion shall be exempt from taxation
under the laws Of this State.
Sec. ia. All bonds shall be sold
/ by the Department Of Receipts and
Disbursements under such regula-
tions as shall be prescribed by ordi-
nance. and all the proceeds arising
from the sale Of any bonds authorized
ms herein provided. shall be paid tc
said Department, and the City Treas
urer shall cause the same to be de-
posted I'm the name Of the corpora.
ton for the special purpose or pur
poses for which such debt was author
lied. but Council may by ordinance
provide that any premium arising from
any sale Of bonds shall be paid L
the sinking fund of said City.
Sec 175. That all bonds Of sail
; City shall be issued and paymen
made until otherwise provided by or
dinance. in manner provided by al
act passed az Dover. February ninth
1855. entitled "An Act to provide
sinking fund for the payment OF tn
City debt of Wilmington and tn
! various amendments and supplement-
thereto. Nothing in this act shall hi
construed 10 affect or IN any manne
impair the validity Of any eXistinl
debt or security OF tho sold city.
GENERAL PROVISIONS.
| Sec. 176. The said corporation shall
/ have power to annex any additiona
G contiguous territory upon the petition
I Of thres-fourths OF the free-hOlder'
q thereof and extend and apply to sucf
e additional territory all laws. ordi
] nances. resolutions. rules and regu
? lations in force within said City Be
r fore any additional territory shall b.
= annexed TO said City. the Counci
e shall pass a resolution describing
p and defining accurately the territorl
o proposed TO be annexed. and shal
r. give notice that the petition for sucl
= annexation has been presented b,
p causing said resolution TO he publishc
? in at least two newspapers in sail
r City. not less than twice in eacl
= paper. and within sixty days there
after. If sufficient cause to the con
trary be not shown to the Council
It may by ordinance. two-thirds O
! all the members concurring therein
, annex to the said City the territor
!, described and defined in the resolu
ton, and such territory shall ther'
: upon become part OF said City an
\ part of the district or district
thereof to which il is in whole or J
D.. part contiguous.
! Soc. III. For the purpose
= obtaining information concernir
any matters affecting the mum
cipality. or for the carryin
\ into effect its powers, or q
. powers or duties Of any Board q
n Department OF the corporation, tn
Z Mayor. the Council, the Controller. q
y any Board shall have power an
70 authority to institute q hearing. IN
!. quiry or investigation. and to comp'
10 the attendance of witnesses and th
y production OF books, documents an
r papers. az any time and place With
& the said City. and for that purpos
J. TO issue subpoenas and attachment
IS to compel attendance Of such wi
e nesses and the production Of any an
'e all such books and papers. Sal
J. subpoenas and attachments shall
,r served and executed by any polio
le officer Of the corporation. Procel
shall be signed by the officer col
le Quoting such hearing. inquiry or il
p yestigation, or. II such is being COZ