The Mellette County pioneer. [volume] (Wood, Mellette County, S.D.) 19??-1971, 1921-03-11

rail road aid bond law will no doubt
prove of especial interest to the peo-
pie of Mellette county and therefore
a majority OF our readers, we take
pleasure in printing the new law in
full as it was passed by the recen;
session Of the the South Dakota legis.
lature, by vote Of ten to one in both
House and Senate:
HOUSE BILL NO. 283
introduced by Mr.. Perry.
A b l L L
For An Act Entitled, An Act Relat-
ing to Railroads, Authorizing A Public
and Municipal Corporations TO Issue
Bonds to Aid in the Construction
Thereof and to Become Owners Of
Capita Stock Therein and Provid-
ing for the Taxation Of Property
for Such Purposes.
BE IT ENACTED By THE LEarsLA-
TURE OF THE STATE OF SOUTH
DAKOTA:
SECTION l. PETITION AND ELEC-
TON. Whenever two-hfths Of the re-
sident taxpayers Of any county or two
tifths of the resident taxpayers Of any
municipal township shall petition In
writing to the board OF county COM
missioners, or whenever two-fifths Of
the resident taxpayers of any incorpor-
ated city shall petition the mayor and
council of such city to submit to the
qualified voters Of such county, town.
ship or city a proposition to subscribe
to the capital stock of any company
constructing or proposing to oconstruct
a railroad operated by steam, electric
or other power, through or into such
county, township or city, and exchan-
ge therefor the bonds Of such county
township or city, the county commits
siQners for such county or township
or the mayor and council for such
city shall cause an election to be held
to determine whether such subscrih
ton shall be made and such bonds
issued therefore; Provided, no counta =
shall issue under the provision of this
Act more than one hundred thousand
dollars (Sl00, ,0000 0O) and no township
shall issue more than fifteen thousand
dollars (sl5, 600 00) and no city of the
third class shall issue more than ff-
teen thousand dollars 1915, ,O00.OO), and
III no case shall the total amount Of
county township or city bonds in aid
Of such railroad company exceed two
thousand dollar (s2,000OO) per mile
for each mile Of railroad constructed
in said county;
Provided, that counties having no
railway mileage within their bound
aries may vote such aid not to exceed
four thousand dollars ga ,00000) per
mile; provided that cities Of the Sec
ond and third class may vote bonds
in any amount not to exceed two per
centum of the assessed valuation of
such city, but not more than fifteen
thousand dollars In aid of any cleo
trio road running into or through
such city, and the above limitation Of
two thousand dollars (s2 OOOOO) per
mile shall not apply thereto, and such
limitation shall not include bonds
voted for securing right of way and
grounds for depots and terminal fa.
cilities; provided further, that subse-
quent elections for any of the purpos.
es provided for In this ACT shall not
be held until after the expiration Of
six months from the date of the last
preceding election held for such pur.
pore, and then only on petition of a
majority Of the legal voters of such
county, township or city.
SECTION .. ORDER For ELECTION
The county mmiSsioners for such
county or township or incorporated
city, upon the presentation of the
foregoing petition and such other con.
ditions as may oe deemed advisable
by the authority asking such election,
to the chairman Of the board or to the
mayor Of such city who shall convene
and make an order. which order shal
embrace the terms and conditions set
forth in the petition and shall tx the
time for holding such election, which
shall be within sixty days from the
day on which the commissioners or
the members of the council shall be
convened.
SECTIONS. ELECTION NOTICE AND
RETURNS. Thirty days notice OF
such election shall be given In some
newspaper published or having gen.
. eral circulation In such county, town
/ slip or city. and the election shall be
held and the returns made and the
result ascertained in the same mar.
ner as provided by law for general
| elections.
SECTION 4. ORDER For issuance
A IL \,