The Birmingham age-herald., 1915-03-18

much thereof as may be necessary is hereby appropriated out of any fund in the state treasury not otherwise appro- rriated, for the purpose of paying certi- fcatcs Of indebtedness heretofore issued by the governor of Alaijama within the past four years, which certificates were given by the goverhor of Alabama for the purpose of arfanging for the purchase and holding of state warrants by indt- viduals and banks when there was not sufficient money In the treasury of the state of Alabama 10 pay such warrants ou presentation.
 Sec. ?. That out of the $50. 900 herein ap- propriated, the governor is hereby author ized to pay interest on temporary loans not to exceed S1O0,00o heretofore made by him under the provisions of section 55s of the code of Alabama
 Sec. .. That the state auditor is directed and authorized to draw his warrant on tho treasurer of the state of Alabama for an amount up to and including $5o,o00, ol the order of the governor of Alabama, for the purpose of payfng the certificates of Indebtedness heretofore Issued by the governor Q. Alabama in making arrange ments fer the purchasing and holding of warrants of the state of Alabama, and for the payment of interest on temporary loans not in excess Of Sl0o,ooo heretofore negotiated by the governor 6f Alabama.
 Approved February 9, 1915.
 Official:
 JOHN PURIFOY,
 Secretary of State.
 No. 42) AN ACT tIl. l45 To authorize the court of county commits
 sioners, board of revenue, or other gov
 erning body of any county in this state
 which has outstanding bonded indebt-
 ness of any kind to settle, adjust and
 refund the same, and for that purpose
 to issue the bonds of said county.
 Section 1. Be it enacted by the legisla- ture of Alabama: That the court of county commissioners, board of revenue or other governing body. of any county in this state. which may have outstanding a bonded indebtedness of any kind, may settle, adjust and refund the same upon the best terms obtainable, and in order to carry into effect the settlement, adjust ment and refunding of such bonded in- debtedness, the said court of county com missioners. board of revenue or other governing body, of any county in this state may issue the bonds of such county for such amount as may be necessary to settle, adjust and refund said outstand- ing bonded indebtedness.
 Sec. 3. All bonds issued under tho au- thority of this act may run for such length of time not exceeding 30 years and may bear such rate of interest not exceed
 
 annually, and may be payable at such places as the commissioners court, board of revenue, or other governing body of such county may desgnate; provided, however. that said bonds shall not be is- sued for an amount exceeding the debt which 1t is proposed to settle, adjust and refund. and provided further, that said bonds shall not be sold at less than par. Sec. 8. All bonds issued under the au- thority of this act shall have all the se- curity and protection to which the origi- nal bonds were entitled. and where the levy of a special tax was or Is author ized to be made to provide for the pay ment of the principal and interest of such outstanding bonded indebtedness, the said commissioners court board of revenue or other governing body is authorized to levy a like tax, for the payment of the prin- cipal and interest of bonds w..ich may be issued under the authority of this act, for the purpose of refunding the said out standing bonds.
 Sec. 4. All bonds issued under the au- thority of this act shall be signed by the president or chairman of the board of revenue, commissioners court or other governing body, and shall be counter signed by the treasurer of said county, and shall have impressed thereon the seal of said county; and where no special seal has been provided by the county, the seal of the probate court of said county may be adopted and used as the county seal
 Approved February Il, 1915.
 Attest:
 JOHN PURIFOY,
 Secretary of State.