The Dermott news., 1918-08-22

DAYS advertisement IN some ne" Sphpef
having a bona hde circulation In the
municipality issuing said bonds.
In order to provide for the payment
OF the bond. and other interest bearing
evidences OF indebtedness issued under
the provisions % this amendmnt and
interest thereon a special tax. not to
exceed I'VE mills on the dollar, IN ad-
dition to tho rate now permitted. may
be levied by municipalities on the tax
able property therein; and any munlc-
ipaIfty Issuing any bonds other in
tprest- bearing evidences Of ndrhtci-
ness shall. before or at the time OF
doing So levy a direct tax payable an
ruellv not exceeding the amount linz
yed AZ above, sufficient to pay the in
tarest on such bonds or other interest
bearing evidences Of Indebtedness as
the same natures and also sufficient
TO pay and dischnrE~ the principal or
air '.4,u.l bonds OF q interest bear
ing evidences. Of ind bt rdness at their
respective tIaturtttes. provided. thaf
the above limitation of the r-te or tax
alton sl.all not apply to bonds issued
nv Any municipality for the purpose of
acquiring. purches sing, extending. I'M
proving. enlarI ns, building or con.
sirurttng water works and llsht ard
heat plants hut the levy Of the Spe-
cfal tax OF nv" mills authorized by this
amendment having been exhausted or
the balance unirvied hsinG tn+ufftrtsn'
~ paE interest On and retire u" pro
posed bonds <sii munictpatftE. TOR the
purpose 81 DaNtnS the psinctpal AMI
49,, If sn,h Water works and ilgAt
and heat plant bonds. may 40 for a.
required levy and collect a special ~.
-, H5dtft1o IL, thr rat. allowed by this
amendment Of not 70 "Eeeed hNs mills
~, H. dollar. provided nTa8= thpt. ~ 4
further and additional limitation upon
both tire issuance Of hnhts Or pthtf
irtsra.t. hear,ng evidences II indcht I'll
Nc and thu, levy OF a special tax ~
nav Interest thereon aud retro the
an. AZ fbsif respective nnturitirs
,.unteiuattv shsn nave thu power 10
u,,ts an i.stl-. of bonds o. other In
terrsf= hearing evidences ~ fudrht"d
na.s y 4nd prapa4.d issue itseli- Or
torslhsr with all previous issues af
bonds and other Interest bearing eNt-
J.n.s4 ,f iu1.A,Adn.s. then- ontstana-
In, h NH ,nHnfeipallty .haH agGrs-
-. +, , city OF the first class
go. IL amount thnu A. per cent
I,r,aZsrd "a, - Incorporated towns
ma .sfffes or the 4r-ouI eta$s more IN
mount tbau seven pr eea5 efr'A -
- .g.z.=.j NafUattg,t ~ all taxable
,r,,FFf,. IN tho f4unleIpality proposing:
~ }zsss, tn SAM according - the laSt
r..,..fa1 az41s-Stuent next pre.sd.ns said
,,,.,,,,,ssa issue ~ bonds 6, other inter
.,++ heaein. e,Il.ase~ Of Indebtedness
S.4a hards and other lnte4a> bearing
.,tJn5r.4 ~ iadehte,lursS +h4N he So
1tffI,i-x annualIt after ttfet,
Years ffan date of issue anA shall h.
paid 81 Is ny mature. Ahd no honds
4
and thu construction OF babtiE N'Eaz
WaNs. Stte"iS. tiIsNS OF h2altNa''S l.
sued undst the uAhatlIN OF TINS amend
m"ni 'hait hr lssHea Tor t'tN'. 20
Rod 1han ~ itea y aaa NJ "'a'r
bonds snail "' lssdeH i"' 1'HN'' ~
rod than fhl'R =ESt E'1
VI mshitipa MY shAl tN'I EraAt
nnaneta@ AT tetaid IN" constr " non OF
railroads or "ihff PA''a.t 'at'' P't~'S
operated by an person. offf 1T ''l ~
ration. and no money fAlsed aha'i tae
prov ts1ont or tt's aW"nuh.'hI "N lat
alton al ny sale OF o"hdt l9I >p"sIoS
purpose ana eNei De uSea i"t any
other az Inherent phf pos
For sash '"pai als issue ot 2nuS -
proposed BY any municipality, under
the terms o. thi$ ahehat1"h'' h'f~
shall he chosen fhf'r 'IItkHhs as 'aN-
payers COMMISSIONER lhrse commit
Sinn"rs shaI not be oth CIV tse connect t
ed Win the saihthistrh'1 ION ei me ar
fairs ~ said mhnislpalitN am Sha'l D.
chosen hy the =6ltS Nouh1h OF other
soNerntnh bod At the I'M OF n" pas
saS- 81 The "tdlhaa ne 'aifhs an "Irc-
ttou Tor III" pafppe- ~ NoitnG upon
sa II particular iSso" or bonds The
advertisement OF saGh ei"stloh shaa
s,Hte III" names OF ne proposed com
m ,sioners Tor the 'hfofmation OF tho