The Sentinel=record., 1918-10-29
LEGAL NOTICES

| lAAgA0a li4Gl Euu anu AtAAAC AAG oetAAN
 at their respective maturities, no mu- nicipality shall have the power tc 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 ol
 bonds and other interest bearing eyi-
 dences Of indebtedness then oatstand- ing by such municipality, shall aggre-
 gate as to a city of the first class more in amount than five per cent
 (jE), and as to incorporated towns land cities of the second class more Il
 amonunt than seven per cent C'go> or the assessed valuation of all taxable
 property in the municipality proposing
 to issue the same according to the last general assessment next preced- ng said proposed issue of bonds or Iother interest bearing evidences oi
 indebtedness
 Said bonds and other intercst-beaF- l ng evidences of indebtedness shall 5e serial. maturing annually alter three years from date of issue, and
 shall he paid off as they mature am
 no bonds for the acquisition of rights of way for and the construction ot public highways, streets, alleys ol bouleyards issued under theautnority
 of this amendment shall ba issued TO-
 longer period than fifteen years, ana no other bonds shall be issued Tor
 longer period than thirty-five years No municipality shall ever grant financial aid toward the construction
 of railroads CT other private entel- prises operated by any person, firm pr corporation, and no money raised under the provisions of this amend nent by taxation or by sale of bonds tor a specific purpose shall ever be used for a longer period than thirty i've years.
 No municipality shall ever gran. financial aid toward the construction of railroads or other private enter
 prises operated by any person, firm O corporation, and no money raised un
 ter the terms of this amendment by taxation or by sale of bonds for spe' oifc purpose shall ever be used foi any other or different purpose.
 For each separ9te issue of bonds, as proposed by any municipality, undei
 the terms of this amendment, there shall be chosen three citizens as tax payers missioners. These com
 missioners shall not be otherwise con
 nected with the administration of the
 lffairs of said municipality, and shall
 be chosen by me 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 oe to act in conjunction with the Mayor or any Board or Committee, LOW or hereafter provided by law, the same as if provision had originally been mad for such Commissioners, md said taxpayers commissioners | together with said Mayor or Board
 Committee, shall jointly exercise su pervision over the sale of any bond which may be voted by the people a
 such election, and shall jointly see to
 1t that funds thus provided are prop
 erly and economically expended for
 the purpose specified in the issue of bonds as voted by the people, and ,o hat 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 al 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
 bearing evidences of iDde1l- elness are to be issued, and if for more than one purpose, provision shall
 be made in said ordinance for ballot Ing ou each separate purpose; which ordinance shall also state the sum to- tai of the issue, the dates of matur- Dty thereof, and shall fix the date ot .he election so that it shall not occur earlier than sixty (60) days after the passage of said ordinance Said cleo ton shall be held and conducted, and the vote thereon canyasscd, and the result thereof declared, under the law and in tho manner now or hereafter provided for municipal elections, 30 far as the same may be applicable except as hc.ein otherwise provided Notice of said election shall be given by tho Mayor by advertisements weekly for at least four times, in some newspaper published i'll said municipality, and having a bona fide circulation therein; the last publca- ton to be not less than ten (lO) days prior to the date of said election. Qualified electors of said munich pality only shall have q right to vote at said elections. The result of sai1 election shall be proclaimed and pup hshed by the Mayor and the result a5 proclaimed shall be conclusive unless attacked in the courts within thirty fQO) davs after the date of such pro