The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1919-04-24

ERAL LAWS, RELATING TC
THE ISSUANCE OF BONDS FOF
COUNTY TUBERCULOSIS HOS
PITFALLS.
1t is hereby enacted by the Genera
Assembly of the State of Vermont:
Section l. Section 4372 OF the Gen
eral Laws is hereby amended so as Il
read as follows
Sec. 4372 When the trustees at an,
regular meeting or at a special meeting
called for that purpose shall determine
by majority vote of all its members
| that it is necessary to issue bonds in
order to meet the cost incident to the
establishment Of hospital under the
provisions OF this chapter, they shall by
resolution determine the amount OF
bonds to be issued, the rate Of interest
to be paid, the denomination of said
bonds, the time and place of payment
and the form of bond TO be used The
trustees shall within ten days from the
passage of the resolution certify to the
county clerk the result of their meeting,
such certificate shall show the date OF
the meeting, where held, the number of
trustees present, the result of their vote
and copy of the resolution passed by
the trustees, and such certificate shall
be duly recorded in the county clerks
office. The county may then issue its
negotiable bonds for an amount not to
exceed seventy thousand dollars. The
bonds shall be of denomination of not
less than one hundred dollars nor more
than one thousand dollars and shall draw
interest at rate not to exceed six
per cent per annum, payable semi
annually, and shall be signed by the
county clerk and countersigned by the
assistant judges The form of bonds
shall be substantially the same as is
provided for municipal bonds. with such
changes therein as will make them con-
form to the use of a county. Such bonds
shall be payable serially, commencing
one year after their date, at the rate
of not less than two thousand dollars
per year, Such bonds shall not be sold
for less than par and accrued interest
The bonds issued under this chapter
shall be sold by the treasurer Of the
county to the highest bidder after being
advertised by the county clerk in the
same manner as is provided for the ad-
vertisement and sale of municipal bonds
The proceeds from the sale of said
bonds shall be paid by the treasurer of
the county on orders signed by all Of
the trustees.
Sec q Section 1873 Of the General
Laws is hereby amended so as to read
as follows
Sec. 1873 The assistant judges shall at
the time Of ascertaining the expenses Of
the county for the ensuing year determine
the amount Of principal and interest
to become due within the year on the
bonded Indebtedness of the county in
of the issue of bonds under |
this chapter and shall make and deliver
a written order TO the county treasurer |
him to issue, on or before the |
first day Of the following March, war
rants to the collectors OF taxes OF the |
several cities and towns and to the
supervisors of the unorganized towns
and cores in the county for the collec-
ion of tax sufficient to pay the prin-
,ipal and interest as ii natures. Taxes
assessed pursuant to the provisions of
his section shall not be subject to the
imitation prescribed by section three
thousand eight hundred and thirty-one
II the General Laws.
Approved April 8, 1910.