The Birmingham age-herald., 1915-10-23
SIXTEEN

same eompenss ton as managers, clerks and returning officers al other municipal elections. The board Of com . missioners or other governing body or tue municipality in which an election is held under this section shall constl- ute a board to canvass the returns and declare the result of such an cleo ton and it shall meet at the usual place of meeting on the day after the date of holding such election, and can vass the returns and declare the result thereof. Any election held under the provisions of this section can be con- tested by any qualified elector of the city by executing d bond with suffi- cient sureties, to be approved by the judge of probate of the county, for the payment of the costs of the contest Notice of the contest shall be served on the mayor of the city or other chle1 executive. in which such election was held. upon the execution of the bond for costs with sufficient sureties and it's approval by the judge of probate of the county, and the city shall be made contestee, and an answer shall be filed in the name of such city. All provisions and incidents of the election law of this state relating to con test of an election of justice of the peace shall be observed as to the con test of an election held hereunder, but no contest of an election can be insti- tuted after the expiration of 10 days from the date of the canvass Of the returns of said election The record or the result of the election held under the provisions of this section as returned by the board of canvassers shall De recorded in the minutes of such mu- nicipality in which the same is held, and when so recorded, the records shall be conclusive evidence of the matters therein stated, and the validity or such elections, unless contested as provided hereinbefore. If at an election held un- der and according to the provisions of this section a majority of the qual- flied electors voting at such election of the municipality in which the election is held vote For bond issue" the board of commissioners or other gov erning body of the municipality Tn which such election is held shall ls- sue the bonds of such municipality in the amount and for the purposes men, toned in the notice of said election.
 Sec 7 All bonds and interest cou- pons attached to the same, issued un- der the authority of this act, shall be exempt from state, county and mu- nicipal taxation. and the same shall have all the property and protection or commercial paper
 Sec s. The denomination Of the bonds the time for which the same shall run, the place ol pay iieht anu aAc rate of interest to be paid on the same shall be fixed by the governing body of the municipality issuing the same, but no bonds issued under the provi- sions of this act shall bear a greater rate of interest than per cent per annum and the same shall not be sold for less than face value.
 Sec. 9. All bonds issued under the authority of this act shall be signed by the chief executive officer and coun- tersigned by the treasurer of the mu- nicipality issuing the same and the or ficial seal of the municipality shall be impressed upon or affixed to the same.
 Sec. 10. All bonds so issued shall have attached to the same, interest coupons, which shall bear the sigma ture of the chief executive officer and the treasurer of the municipality 1s- suing the same, but their said sigma lures may be printed or Autographed facsimiles.
 Sec. II. No irregularity in the pro- ceedings to authorize the issue of bonds under this act nor the omission or neglect of any officer charged with executing any of the duties imposed by this act, shall affect the validity of any bonds issued under the authority of this act.
 Approved August 20, 1915.
 Official
 JOHN PuRIFOY
 Secretary of State.