The Sentinel=record., 1918-10-30
LEGAL NOTICES

| make an issue or ponds or other ln-
 terest- bearing evidences of indebted ness, if said proposed issue itself, or
 together with all previous issues ol
 bonds and other interest bearing evil 1 dences of indebtedness then outstand- ing by such municipality shall aggre- gate as to a city of the first class more in amount than five per cent l (5@6), and as Co incorporated towns and cities of the second class more il
 amount than seven per cent (7&1 of the assessed valuation of all taxable | property in the municipality proposing to issue the same according to the last general assessment next preced- l ing said proposed issue of bonds or other interest bearing evidences Of 1 indebtedness.
 Said bonds and other Interest-bear-
 ing evidences Of indebtedness shall Je serial, maturing annually after 1 three years from date of issue, and
 shall be paid off as they mature, an4 no bonds for the acquisition of rights of way for anu the construction 5i public highways, streets, alleys ol ! boulevards issued under theauthorit | Of this amendment shall be issued foi a longer period than fifteen years. and no other bonds shall be issued for q 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 under the provisions of this amend ment by taxation oI by sale of bonds
 for a specific purpose shall ever be used for longer period than thirty 1 five years.
 No municipality shall ever gran, financial aid toward the construction of railroads or other private enter prises operated by any person, firm or corporation, and no money raised un der the terms of this amendment by taxation or by sale of bonds for a spe sifc purpose shall ever be used toI any other or different purpose.
 For each separate issue of bonds, az proposed by any municipality, under
 he terms of this amendment, there shall be chosen three citizens as tax payers commissioners. These con- missioners shall not be otherwise con nected with the administration of the affairs of said municipality, and shall be chosen by :he 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
 dvertisemeut of such election shal
 tate the names of the proposed com nissioners for the information of tn public
 The taxpayers commissioners du
 les shall 0e to act in conjunction with he Mayor or any Board or Committee,
 ow or hereafter provided by law, the
 anne as if provision had originalh leen mad for such Commissioners.
 md said taxpayers commissioner together with said Mayor or Board o Committee, shall jointly exercise su pervisiOn over the sale of any bonds which may be voted by the people a such election, and shall jointly see to t that funds thus provided are prop 9rly and economically expended for. the purpose specified in the issue of bonds as voted by the people, and e hat end shall pointly make all con- tracts fer 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
 ance shall specifically state the pur- lose for which the bonds or other interest-bearing evidences of indeol- elness are to be issued, and if for more than one purpose, provision shall be made in said ordinance for ballot
 ing on each separate purpose; which ordinance shall also state the sum to- tal of the issue, the dates of matur ity thereof, and shall fix the date ofI he election so that it shall not occUI earlier than sixty (60) days after the passage of said ordinance. Said cleo ton shall be held and conducted, and .he vote thereon canyassed, and the result thereof declared, under the law and in the manner now or hereafter provided for municipal elections, sol far as the same may b6 applicable except as hclein 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 puhlica- ton to be not less than ten I0) days prior to the date of said election
 Qualified electors of said munici- pality only shall have a right to vote at said elections. The result of sail election shall be proclaimed and pun Hshed by the Mayor, and the result as proclaimed shall be conclusive unless attacked in the courts within thirty (S0) days after the date of such pro elamation.
 This amendment shall not repeal orl affect any law relating to tho organ