The Bridgeport evening farmer., 1913-04-18
An Act Making an Appropriation for the Improvement Of TrunkIine Highways and Providing for the Ts- sue of State Bonds Therefor.

| Section 1. The following sum is ! hereby appropriated to be paid out of l money in the treasury realized from the issue and sale of bonds as here matter provided, in full compensation for the object hereinafter specified: For the improvement of the trunkline highways specified in section seven of this act, the sum Of five million dollars. =ete
 Sec. 9 For the purpose of provid- ing the funds necessary to defray the expense of the appropriation provided for in section one of this act, the treasurer is hereby authorized and in structed to issue bonds of the state to the amount of five million dollars. bearing interest at the rate of not more than four per cent. per annun, payable the first days of April and October in each year at the treasurer's office in Hartford, said bonds shall bear date of October 1, 1913, and shall be either coupon or registered bonds of denonina tfons of five hundred, one thousand, ten thousand or fifty thou sand dollars, as may seem adVisablef to the treasurer, and it may be stip- ulated therein that the principal and interest shall be payable in gold of the present standard and hneness. Said bonds shall be issued in serial form and payable in equal amounts Of five hundred thousand dollars on the first of October in each year, from
 
 date and continuing for 10 years there after. Said bonds shall be numbered, and, commencing with bond number one, shall become due and payable in the order of their issue.
 Sec B. The treasurer shall cause to be prepared the bonds authorized un- der this act, the form thereof to be subject to the approval of the attor- ney general ;and said bonds shall be signed by the treasurer, sealed with a&av1- Inv Q comptroller, and registered in the of flee of the comptroller. All registered bonds of this issue shall be payable only to the persons named tnereln or to the order of such persons and snail be transferable only by the treasurer All coupon bonds shall be payable to bearer and shall be transferable py delivery. The treasurer may 1ssue registered bonds in exchange for cou- pon bonds when the owners request such exchange.
 Sec. The treasurer shall adver- tise and sell said bonds in such man ner and in such sums as he may oeem to be for the best interest of the state and at such times and In such amounts as may be necessary to meet the expenditure provided for in sec ton one of this act; provided, that he may reject such bids or portions there of as he may deem to be not TOT the interest of the state; and also proV1o- SO~S+ changed for less than the par value thereof.
 Sec. 5. All bonds issued under au- thority of this act shall be exempt from taxation by or under state or municipal authority.
 Sec. G. The faith and credit of the 1 state of Connecticut are hereby pledg- l ed for the payment of the interest and the redemption of the principal of said bonds according to the tenor thereof.
 Sec. T. The trunkline highways to | which the appropriation made in sec ton one shall be applied are as fol- | lows it being especially provided, how l ever that the routes shall include no l highways within the limits of any city, | but shall extend only to the city line | of any city mentioned herein:
 TrunkIine number 1, from the Con- l necticut state line in East Portchester l through Greenwich, Stamford, Darien, l NorwaIlz Westport, Southport, Fair | field, Bridgeport, Milford, to New Ha- ven by the lower or shore road by way | of Savin Rock, to East Haven, Bran l ford GI1ilford Madison, Clinton, Vest |
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