Evening journal., 1914-12-10

Inmates.
Section a. The assessment OF real
estate having been completed. the
Board of Commissioners shall, before z
the thirty-first day of May, in each 4
year, determine the whole amount s
necessary 10 be raised by taxation OF I
real estate. and the whole amount, II
any. to be raised by taxation in any d,
other manner, for general municipal
purposes, during the succeeding fis-
cal year, and shall apportion such
amount, OF amounts, 10 be raised by
taxation, according to a certain rate
in and upon each one hundred dollara
of assessment upon real estate and
other property; and in like manner
the Board of Commissioners shall ap
portion the sum necessary to be raised
by taxation for the use of the public
schools of said city. during the sue
ceeding fiscal year. in according with
the provisions OF Section IL. Chapter
%, Volume %. OF the Laws of Della
ware, as amended. or as may be here
after be amended. according to a GER
tain rate in and upon each one hun
dred dollars of said assessment.
Section IS. The Board of Com
missioners shall not have power TO
pass any ordinance providing for the /
expenditure of money, in any fiscal .
year, in excess of that amount of the 4
revenue of the corporation for such /
year. except to expend the proceeds Of /
bonds issued for specific purposes. for |
such purposes and such sum as may
be necessary for replacing or repair
ing the properties or works OF the
corporation destroyed or injured
through calamity or casualty, and ex-
traordinary appropriations not ex-
ceeding the sum of Fifty Thousand
Dollars, as hereinafter provided
Section 46. Whenever any extra
ordinary appropriation shall be made
by the Board of Commissioners. the
amount so appropriated shall be paid
out Of the revenue of the fiscal year
/ then current, If the same shall be suf-
ficient. and in case the amount Of
any extraordinary appropriation shall
be in excess OF the revenue OF the
corporation for the fiscal year In
which such extraordinary appropria-
tion shall be made. such excess shall
be provided for and included in the
appropriation made and taxes levied
for the succeeding fiscal year To
p meet any extraordinary appropriation
under this section, the corporation
may temporarily borrow from the
banks. or other sources, such sums as
G may be needed for such purpose.
S Section A. The Board of Commits
v sioners may, by ordinance passed by
: four Of the Commissioners. authorize
e the borrowing of money for municipal
o purposes and the issuing of negotiable
= bonds in the name of the corporation
h to secure the same, to an amount not
d / exceeding in the aggregate, inclusive
d of the present bonded Indebtedness of
y said corporation. ten per centum of
e the assessed value OF the real estate
e of said city. The provisions of this
l. section shall not apply when il may
i be necessary TO borrow money to re-
e fund or redeem bonds of said city
n which may from time to time mature
i but in such cases the Board of Com
p missioners may authorize by ordi-
E. nance the borrowing of money. and
l. the issuing of negotiable bonds to Sc.
d, cure the same. TO refund and redeem
Is such maturing bonds. Every ordi
d. nance authorizing the borrowing o
ii money and the issuing of bonds TO sc
b. cure the same shall specify the par
ne ticular purpose or purposes for whicl
Us such debt is created.
Section As. All bonds issued b,
said corporation shall be signed b.
vi the Mayor and such other official o.
We officials as may be designated by ordi
RS nance and the Mayor shall afiix tn
10 corporate seal. All bonds of said cor
oil poration shall be exempt from taxa
$ tion under the laws of this State.
pc Section 40. All bonds shall be .soll
pc under such regulations as shall b.
I prescribed by ordinance. and all tn
~ proceeds arising from the sale of an,
.I bonds authorized as herein provided
IA shall be deposited I'm the name of III
~ corporation for the special purpose o
- purposes for which such debt was au
~ thorized, but the Board Of Commis
~ sioners may by ordinance provide tina
% any premium arising from any sale {
n bonds shall be paid TO the sinkin
q fund of said city.
- Section so. All bonds of said cit
os shall be issued and payment mad,
until otherwise provided by ordinanc,
di. in manner provided by an act passe
at Dover. February ninth 1855. en-
as titled AN Act 10 provide a sinkin
of fund for the payment of the city del
ers OF Wilmington" and the variou
the amendments and supplements theret
all Nothing in this act shall be construe
fit to affect OF in any manner impair III
ice validity of any existing debt or S,
be curity of the said city.
OF Section 81. The Board of Commi
sioners shall cause to be made annua
Irt- ly a budget which shall show the est
I'M mated revenue of the city during Il
succeeding fiscal year and the est
OF mated expenses of said Board in Il
as several departments and the work an
eN- property necessary or proposed to
done or required under its jurisdictiC
on during such fiscal year and the est
On mated cost and expenses thereof. II
said estimate shall be reasonably iteI
ts lied and the items shall be classif
,.o. according to what is necessary or re
commended for the ordinary mainte
.ev. ance and operation of the affairs
do the city; what Unnecessary or recol
and mended for the maintenance and ope
ion alton of the property andspublic wor
,on- of said corporation; and what is pr
sew posed for the improvement of said &C
poration and its property and worl
am Section So. The Board of Comm
any sioners shall cause continuous au'
iuet to be made of the books of accou
'eoi, records and transactions of the ADM
oi istrative departments of the city by
'ohs official appointed for that purpose
" annual audit shall be made by o
"a