The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-25

exchanging such sinking fund bonds for
bonds In the simpler and safer serial
form.
Section III .. tThc legislature may
appropriate out of any funds In the treas
ury, moneys TO pay the sccruing Interest
and principal Of any debt heretofore or
hereafter created. or any part thereof and
may. Get apart In each hscal year. moneys
to ray the Interest =. i rus due and III to
pay and discharge. the principal of any
paid. and the principal. and Income OF
the purpose for witch said sinking FUND
- created and to no other purpose what.
ever: and. in the even, such. moneys s.?
TO provide such sinking fund. a direct
annual tax for sueh year need not he i'm
provisions Of said section four Of article
,hc,sSsl The .lexisIstur-. shall a%nnuslI.
S!'.sip.i y q, " ass.. az" Srr.s :si', On %sssii
s.c;i"n e, !.s o. q n '" :rsic fs"t s ..'; .Ss s .s%s
=: ~ q ;Ss' .Isi!ns t s%s 'o Ssrss"is:s
10 b. cc~niriSSi.d under sHs prc,i.io". II
lection fy. 81 this %stticie. NJ q any time
NV eWoV I0tu 70 mokc Any SUIT
apart from che .arst rcsen"es tHsresfier
rsrs,ved; :ppstcable 70 the ~senersl fund
interret. insisImsnts Of princicsi. o. con.
tributions to such sinkin. fund. aS the
T money, "- thus be; ..t and .D. ;sall The =: c :.S,,, f.:
MAY be required 20 set nside and apply
such revenues as aforesaid. at the suit
q" any holder Of such bonds.
Abstrart.-The ainendmen; 10 thj. sec.
tlp1 makes the following changes The
present provision for contributions to sink.
ing FUNDS has resulted in too much heinz
others. The above section ms amended
supplies u mandatory provision directing
ssrv for interest. ,r.tsI men,. Of pr,nc,psl
Contributions to existing sinking funds.
ana IN rase o. It's failure SO to do. ,he
In his hands.
section IL J.. improvement ~ high.
the mpeosemcnt ~ highways .hal, he ere
.ird only 'n the manner provided ~ sec
s,%n four of thi. srticlc. No provision OF
aHcct the validity Of any debt Of the .tsts
nr.rtos"re contracted or any right or obn
nnd any 81 It's civil divisions.
"A debt or debts Of the state NAV b,
authorized by law for the improvement,
OF highwa>& Such highways shall he dis.
sermined under general laws. which shall
mont thereof among the counties TIL,
aggregate ~ the debts authorized by ihi,
section shat rot a. any one time exceed
the sum OF ftty millions Of dollars. Th'
payment. Of the annual interest on such
debt and the creation Of a sinking fund c'
charge the principal at maturity shall b,
provided by general laws whose force an,
enect shall not be diminished during ,h'
The legislature may by general laws re
nu're the county or town OF both 10 pay I,
the sinking FUND the propor,l"na,e part o
the cos; OF any such highway within IN
boundaries OF such county or toWn an,
ne propo-tionsie psrt OF. the interes'
fof any highway be required TO pay NOR.
than thirty-aNc hundredths Of the cos, q
snch highway; and no town more thar
~ he fourth section OF this article shall
apply TO debts for the Improvement o.
highways hereby authorized.
Ahs,ract-The amendment to thi. sec
ton makes the following changes: Tn
present section provided q special methot
for highway bond issues, Tn" smendmen
Substitutes a provision which allows high
way bonds to h. issued In tho same man
ner A. the other houds OF the STATE. y,
smendn'nt TO tho article IS 80 snec' suci
highway debt heretofore contracted. a
rights and obligations heretofore created
he'ueen She state and any ~ Its ciNt
r.l.-d by the .aie Of hisl,wn, honai- pur
suant to the Law approved b. vote ~ ~,
people At the gen~rnl election held In IN,
yea, one ,h""..nd min" hundred an,
certain counties In cxcess Of the sums. q
he determined by the comptroller. white,
improve the highway. heretofore deter
mined u, general laws Ia he ronstrurt~,
spd improved In .uc'! c"untirs. s'ai, b
applied by the smpr rintsW,Irnt ~ publ
works after a~ppvopriation h, the I~Eis
lsture I" the ~on.t ruction and improve
ttepeOf ns Nera heAueh Inv Law Aheu surI
bOnds were authorized. and locat~d out
aide 81 such counties. n he may de~n
eNpedtrnt.
Abs'ract-Ry a peculiar situation. owe
Nv" million dollars have been lawfully ap
portioned among several counties for III
circumstance which prevent the mons,
from being lawfully expended therefor. o
for any other purpose. Without. a cons'i
which the money nigh, otherwise hav
been used are already constructed. tn
above new section : designed 10 make sue
money available f"r the construction an
improvement OF unfinished trunk lines u
highways outside 81 such counties
section tsl o. Neither the Legislature
: acting in bcha'f ~ III" satr. shall audi
allow. or pay any calm which, a. betwee
4 pse ~ time. This provision shall no, Il
construed to repeal any statute fixing IN
time within which "lsius shall be- pre-
sented or allowed, nor shall II cAteud t
any claims duly presented within the tim
allowed by law. ami prosecuted with ia
diligence from the time OF such present
ment. Nut ~ tho claimant shall he uude
legal disability. the rlsim may l." pras-ute
within two Gears after such disability
removed.
section IS ~. tn" Legislature shall NJ
canal, the osNero anal the mplaI
canal IN" CaSugo ana Seneca canal, Tor
h~r~tofor- or hereafter consi rucird. n.
shall any easement IN or REMEMBRANCE a.
surh canals or terminals he created: la
they shall remain the propcr'v NJ the sta,
necessary in tn. opinion Of the superb
tsnds"i 2. T"s''r r. work.. !
Of hridge construction. provided that sue
easements shall not Interfere with or i'm
IN" ' ~ % isss.' .st ': .r oiher rn a,s prShiS.
herein contained. shall not apply to IN
canal known a. the. Main and Hambur
street canal. situated In the city 81 but
fslo. and which extends e~a.terly from IN
westerly line Of Main street to tho westsrl
line q Hambu,s street Al! funds ,ho
other disposition Of any canal shall /
applied to tho Improvement; s%uperinicnd
enS' sanaisp i" RI. y" canals 1"l.'' to which SiGi,'0 sue :
prohibition applies shall he those no
known rs the Erie. the Oswego. the Cham
BiscI Hiv-r canal. until the barge can.
mproyement under chapter one hundre
and forty-seyrn Of the LAYS Of one tho,
fore amended. and chapter three hundrr
and nin-ty-One Of the laws of one thOusan
nine hundred and nine. a. hcretofo,
amended. .hali have been completed. wI~
such prohibition shall apply only 10 IL
aid terminals. the Black River canal. III
i-tinx canals heretofore reserved for bars
canal or canal terminal uvpo.es by sta
nte. the c%,i.,in5 inland Er: cana, fro,
Black Rock Ina rbOr. those portions ~ ii
Erie and Champlain canals heretofore n
served by chapter two hundred aud fort,
three az the laws ~ one th0u.snd nil
hundred and Thirteen and canal slips nun