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

authority contained herein and may or der elections to be held in such cities Tor the purpose of the qualified elec- tors Of such municipalities voting upon and deciding the question of whether or not the bonds of such municipalities shall De issued for such purpose, but no sec ond election for this purpose shall be held within two years of an election heretofore held for the same purpose. such elections shall be conducted in the following manner. to-wit: Notice of such eection shall be given for 90 days by publication in a newspaper published in the municipality in which such election IS to be held. once week for three successive weeks, which notice shall state the purpose for which the election is to DC held, and the time and place of hold 1 ing same. the amount of the proposed pond lssue the rate of interest the bonds are to bear. the time for which they are to run, and the purpose for which the bohas are to be issued, and such notice l shail De signed by the mayor or other chlef executive of such municipality in Which such election is to be held and if | no newspaper is published therein such notlce must be posted in five public | places In said municipality at least 30 days before the time of holding said elec- | ton. The ballot used at such elections must be prepared by the mayor or other
 
 tain the words For bond is- | sue," and Against bond | issue' the character of the bonds to | be shown in the blank space), and the | voter shall indicate his choice by placing | cross mark before and after the one or the other The board of commission | CTS or other governing body of such mu- nicfpality in which an election under this l! section is to be held shall appoint three | managers and one returning officer for each voting precinct for such municipal | ity. to conduct said election and in ap- | pointing such managers, as far as prac | tlcable, at least one manager at each l voting precinct shall be for bond issue and one against bond issue. The chief executive officer of such municipality | shall notify the managers and return ing officers of such appointments. and shall deliver the boxes and ballots to the managers at the several voting pre- c'ncts in the municipality. All expenses for holding such election shall be paid out of the treasury of the municipality ! In which the same is held and the mana | gers, clerks, and returning officers shall l be entitled to the same compensation as managers, clerks and returning off | cers at other municipal elections. The board of commissioners or other govern 1 ing body of the municipality in which an election is held under this section shall constitute board to canvass the returns and declare the result of such an election and it shall meet at the usual place of meeting on the day after the date of holding such election and canvass the | returns and declare the result thereof. | Any election held under the provisions of this section can be contested by any qualified elector of the city by execut- 1 ing bond with sufficient sureties, to be approved by the judge of probate of the county, for the payment of the costs rf f1n tacf N@tfd shall be served on the mayor of the city, or other chief executive, in which such election was held, upon the execu- | ton of the bond for costs, with sufficient suretes and it's approval by the judge of probate of the county, and the city shall be made contestee, and answer shall ie filed in the name of such city. All | provisions and incidents Of the election law of this state relating to a contest of an election of justice of the peace shall be observed to the contest of an cleo l ton held hereunder but no contest of an election can be instituted after the expiration of 10 days from the date of the | canvass of the returns of said election. The record of the result of the election held under the provisions of this section, l as returned by the board of oanvassers shall be recorded in the minutes of such municipality in which the same is held, 1 and when so recorded, the records shall ue coHciuSlNt eNluenCe or the therein stated, and the validity of such elections, unless contested as provided hcrelnbefore. If at election held un- der and according to the provisions of this section a majority of the qualified electors voting at such election of the municipality in which the election is held vote For bond issue,' the board of commissioners or other governing body of the municipality in which such elec- tioa is held shall issue the bonds of such municipality in the amount and for the purposes mentioned in the notice of said election.
 Sec. ,. All bonds and interest coupons attached to the same. issued under the authority of this act shall be exempt from state. county and municipal taxa tion, and the same shall have all the pi orerty and protection of commercial pdper.
 Sec. G. The deromina ton of the bonds the time for which the same shall run, the place of payment, and the rate of in- te"est to be paid on the same shall be fixed by the governing body of the mu- nicipality issuing the same, but no bonds issued under the provisions of this act shall bear greater rate of interest than per cent per annum and the same shall not be sold for less than face value
 Sec. :. All bonds issled under the au- thority of this act shall be signed by the chief executive officer and countersigned by the treasurer of the municipality is- sung the same, and the official seal of the municipality shall be impressed upon or affixed to the same.
 Sec. s. All bonds so issued shall have cttached to the same interest coupons which shall bear the signature of the chief executive officer and the treasurer of the municipality issuing the same, but their said signatures may be printed or Autographed facsmlIes
 Sec. 9. No irreguarity In the proceed ingc to authorize the issue of bonds un- der this act nor the commission or neg lect of any officer charged with eXecut- ing any of the duties imposed by this act, shall affect the validity of any bonds issued under the authority of this act.
 Approved August "A, 1915.
 Cfficial
 JOHN PUR1FOY,
 Secretary of State.
 ! AN ACT
 No. 2lo) GIT. 4So Fite of Marion l To submit to the qualified electors of tho state, at the general election to | be held on the first Tuesday after the