Every evening, Wilmington daily commercial., 1921-02-08

tnht the total estltlate OF eNpernfslfeS ioi
the Board of Public Education in Whining
ton, exclusive Of the amount of bonds that
may be issued as in this act hereinafter
provided, shall not exceed ninn mills on
each dollar of the value of reai and Persona
property as assessed and taxable for cur
rent city revcnlle
"rhc said board, early in Jucc in each
year, after the Council shall have made
appropriation for the use Of the public
schools for the following fiscal year ns
herein provided shall make the appor-
tionlnent ard appropriations for their
expenditures for that year, based as nenriy
as may be, upop the estimates made b
them in April previous,sand such appors
tionment and appropriations shall be
specified and arranged under the heads
or items designated in said estimates.
The expenditures of the year under any
head or item of appropriation shall not
exceed that item of appropriation unless
. the same be voted for by 1T least five
out OF the seven members of SAID board,
record of which vote shall be made
upon the minutes. The said board shall
have no power or authority except when
specially authorized bv act of the General
Assembly or as III this act hereinafter
provided, to borrow morey or contract
or create any debt or liability except
ordinary debts and liabilities incurred IN
executing the duties imposed on them
bv law, to be paid out of the said appro-
eriation made by council and the receipt
i, the year for the time then current
No money shall be paid from the trca-
sniry OF the Board unless the same shall
have been appropriated as aforesaid.
LIMIT TO BONDING POWER.
The Board of Public Education IN
wilmington shall have power and au-
norIty II borrow money from time to
me TO be used for the erection avd
equipment of new buildings or additions
- or enlargement Of old bulldiigs, or
{ q for re-eqLipment OF old buildings, IN
cluding the purchase and Improvement
OF grounds, and Fairgrounds, aud the
rcfundlng of existing bonds To an amount.
inclusive of its present bonded Ctbt, rot
| exceeding In the aggregate two pcrccat'lm
| ol the then assessed vahIc OF the real
| estate of said city; provided. taHt the
Indebtedness herein authorized q he
| incurred by the Board Of Public Educa-
| ton in Wilmington shall be exclusive OF
ADD in addition to any indebtedness
| authorized 60 be incurred by the Mayor
and Council of Wilmington IN the charter
] %, said city as now existing or as It SHAH
| hereafter bc amended from time to time
| The. amount hereby authorized 10 tie
| borrowed IN any one year shall not exceed
| one-half OF ono pcrcer tum os the assessed
! value of the real estate Of said city herein
| specified
"The sum or sums determined upon
| bv said board TO be borrowed under the
| provisions Of this net shall be secured by
| the issue OF bonds 10y the said Board Of
| Public Education IN Wilmington, OF The
| denomination of 81 900 each. and bear
ing such rate Of interest not to exceed
| six percentum per annum as SAID hoard
| may deem expedient the interest upon
which shall be payable scmi-annualiF
Said bonds, or any part thereof. may
| be sold when and as thc board Of Public
| Education in Wilmington shall hy rceo-
| iution determine and direct, and until
sold shall rcmain in the custody Of the
CITY Treasurer OF the City Of Whining
ton.
DUTIES OF CITY tUp1ToR-
Section l0-a The city auditor shall
examine all bills against said board and
endorse them as correct before they are
, presented to said board for payment
he shall also examine and counties sign all
drafts or orders and withhold his sigma
ture in case the draft or order is made
| without sanction OF law. or with any cir
cumstanee of fraud actually or prcsIIn-
ably attached thereto, III all of which
cases he shall report his action and the
grounds therefor TO the SAID board at
Ethei- ensuing meeting. saId board shall
| theteyipon duly. carefully and publicly
| consider the case and shall sustain or
| overrllle his action by vote OF u least
| FIVE If all the members elected q sand
! Board whereupon it shall be the duty
| of the City Auditor, IN case he shall be
| overrIIled. TO counteTslgn the SAID draft
4, or order, in which case he shall be exon
erated from all responsibility in the prem
ises. lie shall also keep a book IN which
| an exact copy Of the receipts and expendl-
| tglres Of said board shall he entered. All
| money received by the said board from
sales of articles. or from any source
| whatsoever. shall be deposited with the
| city treasurer for which a .cccipt shall
| be taken. The city treasurer shall immedi-
| ately depc sit said funds in such bank as
NAV be designated BY sand Board. and
| the orders or warrants drawn against
such funds shall be dawn and signed BY
| the sec1 etaly of the board, sgred BY the
president. and countersigped by the city
| auditors and city treasu-e. The CITY
treasurer upon depcslting the funds
! Of said board shall make certificate Of
deposit in trirlicatc. which shall be signed
by the authorized agent ~ the bank. and
one Of such certificates shall b. delivered
to the city auditor, one 10 the secretary
Of the board and the third be retained by
the city treasurer
The city treasurer shall pay out all
warrants or orders and shall take receipt
for the same ii shall keep q cash book
containing the receipts and expenditures
Of said board and stall render statement
Of the financial condition OF said Board
at each meeting.
Section II The Council shall, every
year. when discriminating the amount
necessary to be raised on the persons aud
estates Ia the city of Wilmington for
public use also include the sum necessary
to lie raised Oh the persons ald estates.
for executing the foregoing provisions;
provided, that the amount 70 he raised
by taxation for school expenses in any
ol.e year iIcludI. < al the expenses which
the Board OF Education la authorized to
i4cur under the provisions Of THIS Act,
and including expenses for maintenance
operation, interest OH bonded debt and
retirement Of bonds falling due, shall not
exceed ni.le mills on each one dollar Of the
value OF real and personal property us
assessed and taxable for city purposes.
The amount collected for school purposes
a.