The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-11
exchanging such sinking fund bonds for
bonds in the simpler and safer serlal

exchanging such sinking fund bends for
form.
ssS,,en, tii;i :. LThs lssi;la,SS, ~. may
and principal Of any debt heretofors o,
hereafter created or any part thereof and
L, To p pas ths interest," trsasur y 7 , z s'a sso and tpr 10
DEB, heretofors o. hereafter created under
section four Of article seven of. the con-
paid iSs''V ana UNI" Il. ' ps,ncin.i ana. and i Inc o.
such sinking. fund shall be applied t9
the purpose for which said sinking fund
Is created and to NO other purpose what
ever; and. in the event such. moneys SO
set apart in any h.cal year be sufficient
annual tax for such year need not be i'm:
posed and collected. as required by the
seven. psSsr.'S or Of an s1r eaw ses enacted , 10q in S ou s,.iS,e
there.f.I. The k%.Gislature. shall annually
p;f",, III b spgs' ps!stIon 70, the pss%en ~
o. nc state e.s.pi. those contracted under
1; ss-i sll ~. ~ G lie : :nS a.F s n e' SsresSi:?e
e sas b ee y hss; ot under sss r sSs 2 ps:vi :%%%:', y
The l=ssia:.sre ,.S.li fsil e make my such
spps:s from ihss .srst' revenue. thereafter
rscs,yed; .ppiicsbis to ihs -G.ner.i fund
~ "0 Ss.tVs = SuU ~ " poy buVs
tributIons 70 such sinkins fund. % the
s money, ma. Yhua be; !, and a.. shall rs :. .Sp,; ,o, sss
may be required 20 srt aside and apply
:s's IN ret Sc'Ts - .fc'r said at the suit
Abstract.-The amendment to this sec
tion makes the following changes: The
present provision for contributions to sink
Ing funds has resulted In too much being
PAID In most years. and too little In some
others. The above section as amended
the legislature to appropriate sums nece.,
sary Tor interest. instruments Of principal.
S S1n'F IN es.. Of 70 ~, sAi isiiai. ' .o ,o 49, fnn ,hs
menis out Of the hrst available money,
ways-l Debts hereafter authorized for
the Improvement ~ highways shall be Gre.
iion four 81 thi. :%rsiSic. p n" proslsion s 81
affect the validity OF any debt Of the state
ration heretofore created bctwesm the state
and any Of Its civil divisions.
"a deb, or debts Of the state may be
nsthori.ed by law for the improvement,
OF Such highways shall be dis
termined under general laws, which shall
also provide for the equitable apport!cn.
aggregate OF the debts authorized by mi.
section shall not at any one time exceed
the sum OF Nifty millions of dollars, Tn,
pes h''ht VI nv hUuut INTEREST III tIff
debt and the creation OF a sinking fund ri
ny least two per centum per annum to dis
provided by general laws whose force and
enect shall not lie diminished during this
existence OF any debt created Hereunder
The legislature may by general laws re
guirc the county or town or both to pay I,
the sinking fund the propor;lonatc part n
the cost, Of any such highway within ,h'
boundaries OF such county or town an,
me proportionatc part OF the %interes
thereon hut no county shall a, any tim'
than thirty-h,e hundredths Of the cos, o
SUCH highway: and no town more thar
fifteen hundredths None 81 tho provisions
Of the fourth section Of this article shall
apply TO debts for the Improvement o
highways hereby authorized
Aosiract-The amendment to this .ee
ton makes the following changes Th'
present section provided a special metho,
for highway bond issues. The amendmen
way bonds to be issued in the same man
ner as the other bonds OF the state. "
amendment 20 the article Is to AFFECT sucl
highway debt hcretofore contracted. o
rights and obligations heretofore create,
between the state and any OF It's civi
divisions.
section a. The money. authorized to h
raised by the sale u highway bonds pur
suant to the law approved by vote Of tn
people ant ~ 'ns s.ns.n' election nsla IN tn
twelve. which have been nppor;'oned 4
certain counties In excess Of the Sums. 4
are or will be required to construct an,
improve the hiEhways Heretofore deter
mined by general laws to b: con,trnrtc'
applied by the superintendent Of pnhli
works after approximation by the irsis
ment Of such state routes and portion
thereof. a. were defined by law when sue
bonds were authorized, and located ont
side ~ such counties. rs he mny deru
eNpedient.
Ab,traet-By a peculiar situation; owe
two million dollars have been lawfully ap
D nnFffOnHH nnnD saNa-aiF Innnftaa Tor sh
Improvement Of highways therein undo
circumstances which prevent the none
for any other purpose without, a cons,i
tu'ional amendment The highways. 70
/, which the money might otherwise hay
been used are already constructed. Til
| above new section IL designed TO make sue
3, money available TO- the construction an
highways outside Of such counties.
/ Section r. o. Neither the Legislature
canal board nor any person or per.9n
t citizens. oi the state. would be barred b
, construed TO repeal any, statute hN!ng III
t time within which claims shall be pre-
t '"ntrd or allowed. nor shall i, extend I
. any claims duly presented within the tim
allowed by law, and prosecuted wiz du
{ diligence from the time OF such present
$ legal disability. tho claim may he presAnte
! within two years after such disability
{ removed.
a SECTION Is ". Inc leSlsluIuFe snail NJ
sell. lease or otherwise dispose ~ The e.
= canal. the Oswego canal. the Champlal
I CANA the Cnyugd and seneca canal, Tor
: heretofore or hereafter constructed, n.
'. shall any easement in Or incumbrance a
such canals or terminals he created; II,
$ and under It's .manasement forever, whe
y Necessary in ,h. opinion Of The superb.
y canAl lands p,ay be granted for purpos.
Of bridge construction. provided that sue
pair the use Of the canals, THE pTohlb
. i herein of contained lsssS; sale .sha GT r Other snr di post 2 f.
T canal known as the. Main and Hambur
2 street canal. situated in tho city of Bu
!. rn.s; &C. ana lI Ws' OF m ssien sire s%1s' tie from u
line OF Hamburg street. All funds ths
may be. derived from any lease, sale
a sppiled to the improv S%S Ga" sups shnt,
= ence or repair % tho remaining portion
= The Gs,s,s The canal; I. witch sue
known as the Erie. the Oswrso. the Chan
y plain. the CayuEs and seneca. and Il
e BLACK River canal, until the barge can,
,mSrS.rment under SsaD,s, one ,"ndr.
sand nine hundred and three. rs hrrct,
fore amended. and chapter three liundrs
nine hundred and nine. as h@eretoioo
amended. shalt have been completed, VIII.
Il such prohibition shall apply only TO u
j. s aid ' im"HoSsS' s sss h,Hf e.. T por;io """" II :. |.
canal or canal terminal. purposes by sta
naw"nd creek I" "onnec,ion With :,
Black Rock hsrbOr. those portions 81 Il
Erie and Clampiain canals heretofore y
b three Of the laws Of one Thousand Mi
hundred and thirteen and canal slips nun
Der. one and two ~ the city 81 Bunal
Y thnt lOrttnn Of the eNtstlnu Erie ANIMAL 4,