The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-27
exchanging such sinking fund bonds for
bonds In the simpler and safer serial


sssSSS.nf n ,s such ,,m sinking ,h fund ,, sSnd :.1 fS5
form.
section I'LL 0. 1.-THE legislature may
uTy, moneys TO pay the accruins Interest
hereafter created. or any part thereof and
may set apart in each fiscal year, moneys
In the state treasury as a sinking fund
to pay the interest as IL falls due and to
debt heretofore or hereafter created under
section four Of article seven OF the CON
s pnid. and un ~. the , saims s amd , be who'll,
such sinking fund shall be applied to
the purpose for which said sinking fund
set apart in any fiscal year be suricient
70 paGViae such sinking FUND, a direct
posed and ooliscted. as rsouirad by the
nroyisIons n, seId e. reI"reu uytne
seven. or n, avg s'u seor,om lpur o. a,,one
tberaofIT Trh any .sM sha.teu ,1 pursuan1e
81 ths ~ AUTHORIZATION tot me pay ment
principal OF Eli Jrbts "Se.trJ IN heh.,s
81 the ststr except tho.s cont ,,nd.,
section two OF this Article ne lie .ar,.
10 a., ~ w. w. nv LOT .me contrieuilon
cys.t.d H. H. ~ wvS ,unus heretoIo,e
10 ~ co ~ NV. OF tne amounts annually
%ssctior a.. ~ IN. unasL inc proNlsions OF
the Ie9iSlature shsli fsil 70 m.ss ny n s ,ms
npprop1stion nm. com.so Iny suru
apsrt from ibs Al "",n.sons. sna.l SCI
received, applicants To lie rr,ers, sund
intercst. InsisImsnts W 20 = such
tnbutlons 10 suc, .i,L ne t,nd " III
case may be. and shaii 40 ami. ~.
moneys thu set apart' The comniroiI..
may be required 10 SCI .sIJc en1.nn..
such revenues ms aforc.sid' ~ III. srnI,
OF any holder Of such bonds. "
Abstract.-The anendment 4, mi. ..c.
tion makes the foiiowinT rhsngas" TIN
present provision for contribution 10 sInk.
Ing funds has resulted in too much being
paid In rnnaf Nanra A-u -
others. The above section as amended
supplies a mandatory provision directing
sary for interest, instaiments OF nrInc,nai
contributions to existing sinking funds
end IN case OF It's failure so to do. the
,nents out OF the nrst available moneys
IN MS hands.
Section tl2,1 l.. Improvement OF high.
the improvement Of highway shall he ere.
ated only In the manner provided i'm see
ion Tour OF this article. Ma provision Of
thls article shall be deemed 10 Impair or
snect the validity Of any debt Of the state
neretofore contracted or any right or obIi-
ration heretofore created between the state
hhu any OF Its civil divisions.
"A dab, mr. o,,.
&c uen. or debts OF the state may be
OF highway" smmcMH ioL ,ne Improvement
also provide ddeuffr or general lsms, which shall
ment thereof among eHhuss rov Ippor'irn.
aggregate Of IN. Jas, az uoIntles Tn
shall NOT NJ A... -
the sum az a,tv ~ amH one tlhe exceed
payment OF The animal in,arsst a. n nnS
debt and the creation Of a s%itni,inr on fnr spS ~
at least two pcr ca,,,u e'"n.ns iunu OF
charge The MI cIIeniun. per annun 20 as
provided nv yane- az maturity shsU ne
effect shall not be diminished during the
The lesIslstupaa NAV vrtaIeu thtreunder'
otire H. cnun,, ma. u senerhl laws re-
the cnat hs tunu the proportionate part OF
boundaries Of SUCH mEn"ay WItnln the
tbs a such county. or town ana
thereon. but no county shal al am in.
for any highway be required To nav mo-.
than thirtv.nye hundredIhs nj, 10,
such highway, and no town more than
OF the fourth section ~ mis- srtIci. sham
apply to debts for the Improvement of
highways hereby authorized
tion nskss ~ ,nIomumreht 10 ms sc
~ mshes tne ioli9wing changes; The
Tor highway bond issues. The men mrynpa
way bonds 20 BE- issv "n'.h n,I"Ms hlgh-
ner as The o,bsr sord,s ~ We sane man,
Sisbwannent 10 'he article is TO anec, such
rights and obl,s, rs,"tote conlractel, or
between the stat ana apy ,reaten
SH
ser.ion =; Inc moneys authorized 10 he
sm,sra 10y me sale OF highway bonds .pur-
sunn, 70 tne law approved by vote Of the
peopie at tne general election held In the
yea, one thousand nine hundred and
vt'V ""'tu nave Ueen nppOrtfOned TO
crftnln counties In excess Of the sums. to
are or Will be required to construct and
, minrI the s,ahwsy. Heretofore deter;
anJ i,,ssd o. mws 10 nr constructed
s"",isJ nv H. susn .ountles' shall he
Works sft.r annr"prta,'nn o. punilc
iature to the construction aud improve
thereof M. we,. ..W,.I ~ a"u portions
honis - u.nnen ny! ,aw Mnen such
III. ~uLsu' anu located out
rs "0 HAhy utfm
s,u,e"''
AostractIBy a peculiar situation. over
among several counties for the
c n,rruTnSmrno OF hishways therein under
SrTguip hain Thish prevent the money
ior any other purpose. without a constI-
vutiohai athendinent The highways for
S SaS" us .ns a mohsE misht othSrwise hay
above new section Is designed 10 make such
money zone aHsliaeie Tor The constrqction and
outside Of such counties.
oana G''In ~ H. Neither the legislature,
acting i i1 beha hsr Of 'niSS p stn,s Or per,Sn'
allow. or pay any claim which. as between
Sitizens OF the state. would be barred BY
to repeal any. statute hxlns the
time within which claims shall be pre-.
sented or allowed. nor shall Il extend 10
allowed by law and prosecuted with due
diligence from the time OF such present
men, bui W. 'hs clalnant shall be under
leeai dlsabiltS. the claim may be presented
within two years after such disability is
removed.
sell. lease or otherwise disnoss ~, ~ E Ell.
canal. the Oswego canal. the chsmnIain
canal, the Cayuga and Seneca canal Iori
he Black River canal, or canal terminal.
or hereafter constructrJ' nor
shall any easement In or incumbrnnce an
such canals or terminals be created; hui
they shall remain the property on IN stauts
and under its management forever WHEN
In the opinion Of the ,uncrin'
rnnal lands may he sr.nt.,, %. W