The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-18

exchanging such sinking fund bonds for
bonds in the simpler and safer serial
form.
Section III Q. trhc legislature may
Appropriate out OF any funds in the treas.
ury, moneys to pay the scctuing Interest
hereafter Created. or any part thereof and
may set apart In each fiscal year, moneys
I, I" p sss e.; iss'f interest," 's : K \ , : siq az. and trn I'd
aeeS, heretofore or hereafter created under
paid. and the principal. and income Of
the purpose for which said sinking fund
Is created and to no other purpose what,
seer ap and in !" any nS' s :ssn' ys sSSh b. m Sufficient aG
to provide such sinkins fund. a direct
annual tax for such year need not be I'm
provisions Of sale section four Of article
;sssn; Or q any .aT enacted II pars%aTSs
S;f';sSS X. Sy sSS'' ps!.,icn 70, IT, rss%cn =
81 Az .;.ss ..s .s sso-s :onsS.r!:a .nds.
;; Ii ~, f. :, d Tie r.. :i%s,s s:T t ,%s '' Ss..:s'.,s
q e. csGsrissi:d undo. sSs provision: 81
ssp%.:p,i.!ion; tGs :on,pi.oller ;h.ll go
~ the state. Q sum suHicirnt "a. pay such
. sisascs; ''; e sscs .i +, Rss"f iS:a. o. =. ' The
csse may he. and shail -o sppl! the
%:s'; :. t ls%.,: :ss : e ri . .Ss e and .rniy
o. any holder 81 such honda.
tion makes the following changes: The
present provision for contributions to sink
ing funds has resulted In too much being
PAID In most years. aud too little in some
others. The above section AS amended
supplies n mandatory provision directing
ssry Tor interest. insta Iinents OF principal.
contributions TO existing sinking funds.
comptroller is directed to make such pay
mems out OF the frst available moneys
In his hands.
ways-l Debt. hereafter authorized Tor
the Improvement Of highways shall ~ ere
si.% i S".y o y t IT, : .1%Grr r \" ss., ,. IL srs 81
sGeci the validity Of any debt Of The state
asticn her.t"forc created Sstween the state
ana any of lie civil divisions.
a deb, or debts Of the state may be
authorized by law for the Improvement
OF highways. Such highways shall be dis.
termined under general laws. which shall
also prGyide for the e.9ui'aeis appor'!cn.
aggregate Of the debts authorized by mi.
section shall not at any one time exceed
the sum o. atty millions OF dollars. The
-. '''"N y ~ lNuuh ihAFItN' 'n ruNi
debt and the creation of a sinking fund o,
at least two per centum per annum to dis
charge the principal at maturity shall he
provided by general laws whose force and
effect shall not he diminished during the
existence OF any debi. created thereunder
auire the county or town or both to pay t,
the sinking fund the proportional part o.
the cost OF any such highway within the
boundaries Of such county or town and
the proportiona,e part OF the Interest
/ a IN hlR "a In ~ nut . n nnV VpnFf
than thirty-hve hundredths Of the cost ol
such highway; and no town, more thar
OF the fourth section Of this article shsi
apply 20 debts for the Improvement OF
highways hereby authorized
Abs;rac'-The amendment to this sec
ton makes the following changes; The
present section provided a special mcthor
FOR highway bond issues. Tile amendmer'
substitutes a provision which allows high
way bonds 20 be issued In the same man
mer as the other bonds OF the state. y.
highway debt heretofore contracted. o
rights and obligations heretofore createc
between the state and any Of Its civi
Section q. The moneys authorized 10 h,
raised by the sale Of highway bonds pur
people 1t the scner.i election held In IL,
year one thousand nine hundred ans
s s.n r ws.:s h: : bee" :pH".'iS"cd !,
he determined by the comptroller. whicl
are ar will be required to construct an,
~ ~ tutBNtOIobt utttE
mined by general law. To he ron.tructe,
and improved In such counties. s!,aii b
WcrH. .fcr apcr"criaiI"n ~ the issi.
lature to the construction aud Improve
ment ~ surh state routes. and portion
bond. were s",G"ri,rd. snd ioca,ei on,
side 81 such counties. as he may deeu
expedient.
Abstrsct.-By a peculiar situation. o,o
two million dollars have beou Lawfully ap
portioned among several counties for ID
circumstances which prevent the rnouc
from being a wfuil> expended therefor. o
= for any other burmese, WITHOUT, . cons,
t%u;i"nai amendment Tn" Highways 10
!. which the money might otherwise haN
: been used a-e already construci'd Tn
4, money available" TO- tho Construction an,
Improvement, Of unfinished trunk lines q
I, Section IS.i D. NeiIher III" 'srisla,ur,
: aSiinr in nehali of,ns sac shah audi
: citizens % the state. woIli be barred b
; lapse 81 time. This provision sinai, not b
\ construed 10 repeal any statute iiNluE TIA
: sented or allowed, no" shan .N,rnd I
. any claims duly presented within the tim
i allowed by law. aud pro>erU'ei Hi'h dI
Z diligence from the tim" Of .uch present
. ment Rut q nc claimant shall be unde
I within two Years after such disability
Z removed.
u Section tai 10. Tho legislature shall n,
sell. lease or oih"rMisr dispose OF the F.
. canal, the Oswego canal. tho Chsmplai
, canal tho Cs>uss and seneca canal, IoI
> the Back River canal. ar caNal terminal
heretofore or hereafter constructed. ~,
: shall an, easement in or incunhrnnr- a
A such canals or terminals I've created; br
!. they shall remain tho property Of The stat
: and under its management forever. Whe
, necessary in the. opinion Of the .up-ri
: tendent Of public works. easements /
!, canal lands may be granted for purpose
, Of bridge CONSTRUCTION. provided that sue
4 easements shall not interfere with ar In
|. pair the use Of the canals. 1.-THE prohib
. tion Of lease. sale or other diSpositio
herein contained, shall not apply 10 IN
. canal known as the MAIN and Hambur
= shlo, and which extends c~asterly from III
i westerly line OF Main street to the wes,erl
limo Of Hamburg street. All funds ths
, may be derived from any lease. sale {
applied to the Improvement. superintcnt
D.. cncc or repair % the remaining portion
The %us.s,, Ths eansI, I. which ~.
- known NJ the Erie. the Osweg". the thau
, plain. the Csyuga and seneca. and Il
II Bisck River canal. until the barge eau,
aud forty-seyrn ~ the laws % one tho,
|, sand nine hundred and three. u. ieret,
y fore amended. and chapter three lundre
: nine hundreI and nine. a. h%eretofo'
amended. shall have been completed, whs
= such prohibition. shall apply only To- Il
s.ia tsrminals' the nl":h Rive, canal; u
istinE canals heretofore reserved Tor bar,
n canal or ranai terminal. purposes by sta
ute. the existing inland Erie canal fro
4 Black Rock hsrbov. those portions ~ u
Erie and ~(hampiain canals heretofore r
n served by chapter two huDdred and fort
u HUNDRED and thirteen and canal slips nun
hers Que and two ~ the city Of Bunsl
= provided, however. that IN the city 81 vi