The Bridgeport evening farmer., 1913-07-07

said city. Money so borrowed shall be applied, by vote of said common council, for the purpose of laying pavement, other than water bound macadan, upon such streets as may
 be designated by said common coun- cil, but not more than one-haIf of said sum shall be expended for other than permanent pavement and not more than one hundred thousand dol lars of said sum shall be expended
 in any year. The type of pavement so laid shall be specified in each case
 by the paving and sewer commission of said city, and said money shall be expended under the supervision of said commission. Said pavement notes shall be so made and issued that the money so borrowed shall be paid by the city within five years from the date of issue of the first note, in equal annual payments.
 Sec. 3. Said notes authorized in sec tfons one and two hereof shall bear interest at such rate, not exceeding four and one-half per centum per aIl- mum, payable senni-annually, as may be determined by vote of said common council, and shall be signed by the mayor, treasurer, and auditor of said city. The provisions of this act shall not authorize said city to issue more than one series of sewer notes, the total amount of which shall not exceed twenty thousand dollars, nor to issue more than one series of pavement notes, the total amount of which shall not exceed two hundred thousand dol lars.
 Sec. 4. The board of education of the city of Bridgeport is hereby au- thortzed, in legal meeting assembled, by vote of a majority of all the mem bers of said body, to borrow, on the credit of said city, an amount not ex- ceeding two hundred thousand dollars sab
 therefor in the name of the city. Such money. shall be used for the erection of new school buildings as said board of education may determine. Said notes shah be so made and issued that
 the money so borrowed shall be paid
 by the city within fifteen years from
 the date Of the issue of the first note, in equal annual payments. Said notes
 shall bear interest at such rate, not
 exceeding four and one-haf per cen tuna per annum, payable sent-annua1- 1y, as may be determined by said l board of education, and shall be sign ed by the president of the board of education, and the treasurer and au- ditor of the city. The provisions of 1 this section shall not authorize said l city to issue more than one series of notes for school buildings, and the total amount thereof shall not exceed two hundred thousand dollars.
 Sec 5. The board of apportionment and taxation of said city shall provide
 for the payment of the principal and interest of the notes authorized in sec lions one, two and four as said prin- cipal and interest become due.
 Sec. G. This act shall take effect l twenty-five days from its approval
 unless, within said period, a number of voters equal to fifteen per centum of the number last voting for mayor in said city shall petition to have the question of the issue of bonds as here in provided for submitted to the vote
 of the people All such petitions shall
 be filed with the town clerk, who shall ascertain the number of petitioners
 thereon and report the same to the mayor, and, if the reQuireI number l shall have within said period petition l ed for such submission, the mayor shall include in the call for the regu- lar city election to be held in Novem-
 br 1913, notice that vote will be taken at said election upon the Ques- ton of issuing said bonds. Said vote shall be so taken that the issue of bonds for each of the several inn provenents, the submission of which to the vote Of the people has been pe- titioned for as aforesaid, shall be sep arately voted upon. If majority of those voting at said election on the question of the issue of bonds herein provided for vote in favor of such is-
 sue this act shall take effect, and said bonds may be issued and the avails expended as hereinbefore provided, but if a majority shall vote against such | issue said bonds shall not be issued.