Daily Kennebec journal., 1921-09-14
Council Tables
Order Issue Bonds
for Public Wharves


sion of the governor and council last
night authorizing the State treasurer
to issue bonds in the sum of $500, 900
under the law for the building and
maintaining of public wharves and the
establishment of adequate port facili-
ties in the State of Maine The order
was tabled until the next meeting of
the governor and council.
The order is as follows:
Whereas, the qualified voters of the
State of Maine at an election held on
the second Monday in September
1919, adopted an amendment to Ar
t;clc IX Of the Constitution of the
State of Maine. empowering the leg
islature to authorize the issuing of
bonds not to exceed the amount Of
one million. one hundred and fifty
thousand G.150,0o0) dollors. payable
within 20 years at rate of interest
OF four per centum per annun, pay
able semi-annually, which bonds or
their proceeds should be devoted ex-
clusiyely to the building and main
tanning of public wharves and the es-
tablishmcnt of adequate port facilities
IN the State of Maine, which amend
mcnt appears in full in Chapter 110
Of the Resolves OF 1919; and
Whereas. by virtue of the power
therein given and in anticipation of
tho adoption of said constitutional
amendment, the Seventy-ninth legisla-
ture of the State of Maine passed an
act c8titled "An'Act to Provide Ade-
quate Port Facilities and for the Ad-
Tanccment of Commerce" which act
is Chapter 81 Of the Private and Spe-
clal Laws of 1919. authorizing the
Treasurer of State. with the approval
Of the Governor and Council 10 issue
Ionds as authorized by said. proposed
amendment, in such form and in such
amounts not exceeding the total set
forth in said proposed amendment
from time to time. as the Governor and
Council might determine: which above
named act was amended by the Seven
tN-ninth Legislature, of the State OF
Maine at the special session thereof
o. thc eighth day of November. 1919.
b an act entitled An Act.to Amend
Chapter Four of the Private and Spn-
-;i,i Laws of Nineteen Hundred and
Nineteen. entitled: An Act to Provide
Tor tho Building OF Public Wharvcs
and for the Esta lshment of Ade-
quate Port Facilities and for the Ad
Nancement of Commerce" which
amendment is Chapter 1913 of the Pri-
vate and Special Laws of 1919.
Now therefore be Is ordered:
That the Treasurer Of State he and
IL. re l,Ns
70 issue in the name and behalf of
III state Of Maine and sell to the
highest bidder. coupon bonds in the
aggregate principal amount of Ave
hundred thousand (500, ,O00) dollars.
bearing date of October 1st. 1921. ana
! payable at the Office Of Treasurer Of
+ State at Augusta. Maine as follows.
100000 on the first day of Octo-
Der 1887.
! 100000 on the first day Of octo-
| Der. 1885.
! 100000 on the first day Of octo-
/ bcr. 1889
! 100000 on the first day Of octo-
+ Der. 1910.
100000 on the first day Of octo-
Der. 1941
Said bonds shall be issued in de-
: nominations of one thousand 10000
dollars each and shall bear interest
at the rate of four per ccntum per
annum, payable semi annually on the
first days of April and October.
! The proceeds of the sale of said
bonds shall be held as fund for use
as provided in said Chapter Si Of the
| Private and Special Laws of 1919
! Said Treasurer is hereby further
! authorized and directed to prepare
, and submit for approval a form or
! tenor of such bonds and coupons con-
formablc TO the provisions of said
| Act.