The Sentinel=record., 1918-10-27
LEGAL. NOTICES

hANAtAAAtJ NAeAAA AN fR th0 DONt tA Ao
 make an issue of bonds or other in terest- bearing evidences of indebted
 ness, if said proposed issue itself, or together with all previous issues Of
 bonds and other interest bearing evil dences of indebtedness then outstand-
 ing by such municipality, shall aggre-
 gate as to city of the first class
 more in amount than five per cent (5T), and as to incorporated towns
 and cities of the second class more II
 amount than seven per cent (7gae of
 the assessed valuation of all taxable
 property in the municipality proposing
 Co issue the same according tO the last general assessment next preced-
 ing said proposed issue of bonds or other bearing evidences oi
 indebtedness
 Said bonds and other inyerest-bear- ing evidences of indebtedness shall
 5e serial maturing annually after three years from date of issue, and
 shall be paid off as they mature, anr no bonds for the acquisition of rights
 of way for and the construction of public highways, streets, alleys ol boulevards issued under theauthority of this amendment shall be issued tci
 a longer period than fifteen years, ana no other bonds shall be issued for longer period than thirty-fiye years No municipality shall ever grant financial aid toward the construction of railroads or other private enter prises operated by any person, tlrm CT corporation, and no money raised under the provisions of this amend ment by taxation or by sale of bonds
 for a specific purpose shall ever be
 used for a longer period than thirty five years.
 No municipality shall ever grant financial aid toward the construction
 of railroads or other private enter prises operated by any person firm or corporation, and no money raised un-
 Ger the terms of this amendment by
 taxation or by sale of bonds for a spe- cific purpose shall ever be used rof
 any other or different purpose
 For each separate issue of bonds, a5 proposed by any municipality, under
 the terms of this amendment, there shall be chosen three citizens as tax payers commissioners These com- missioners shall not be otherwise con nected with tho administration of tho larflirs of said municipality, and shall 1 be chosen by tne City Council or other governing body at thetime of the pas
 sage of the ordinance calling an election for the purpose of voting up on said particular issue of bonds. The advertisement of such election shal state the names of the proposed com missioners for the information of the
 public.
 The taxpayers commissioners du ties shall 0e to act in conjunction with the Mayor or any Board or Committee. now or hereafter provided by law. the samo as if provision had originally ] been mad 0 for such Commissioners, and said taxpayers commissioner together with said Mayor or Board or Committee, shall jointly exercise su- pervisi0n over the sale of any bonds which may be voted by the people at such election, and shall jointly see to
 it that funds thus provided are prop l erly and economically expended for
 the purpose specified in the issue of
 bonds as voted by the people, and 70 that end shall pointly make all con
 tracts for the expenditure of the pro-
 ceeds of the sale of each issue of bonds.
 Said election shall be held at such
 time as the city or town council may
 designate by ordinance, which ordi-
 nance shall specifically state the pur- pose for which the bonds or other interest bearing evidences of inde0l- edness are to be issued, and if for more than one purpose, provision shall be made in said ordinance for ballot l ing on each separate purpose; which ordinance shall also state tho sum to- tai of the issue, the dates of matur- 1 ity thereof, and shall fix the date Of the election so that it shall not occgr earlier than sixty (G0) days after the passage of said ordinance. Said cleo ton shall be held and conducted, and the vote thereon canvassed, and the result thereof declared. under the law and in the manner now or hereafter provided for municipal elections, so far as the same may Do applicable, except as hctein otherwise provided. Notice of said election shall be given by the Mayor by advertisements weekly for at least four times, in some newspaper published in said municipality, and having a bona fide circulation therein, the last publioe- ton to be not less than ten (lQ) days prior 10 the date of said election.
 Qualified electors of said munich pality only shall have right to vote
 at said elections. The result of sai1 election shall be proclaimed and pup hshed by the Mayor and the result as
 proclaimed shall be conclusive unless attacked in the courts within thirty
 (g0) days after the date of such pro clamation.
 This amendment shall not repeal or orroct any law relating to the organ