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2. All moneys to be borrowed as aforesaid shall Moneys to be
secured by be repaid within forty years, and shall be secured by debentures. debentures, signed by the warden, and countersigned by the clerk, and sealed with the seal of the said municipality, and shall be a charge upon the property and funds of the municipality and of the ratepayers thereof situate within said municipality.
be issued in a
3. The said debentures shall be made and issued Debentures to in a series of forty debentures of five hundred dollars series. each, numbered consecutively and bearing even date. The first of such series shall be made and issued so as to mature and be payable at a period of not more than twenty years and six months from the date thereof, and the remaining debentures in the series shall be payable semi-annually thereafter; said debentures to bear interest at a rate not exceeding five per centum per annum, such interest being payable semi-annually.
borrowed to be
4. All moneys borrowed under the authority of Horneys this act shall be paid into the hands of the municipal paid municipal treasurer, and shall be applied solely for the purpose of building and furnishing said court house and jail.
5. Such debentures shall be for the sum of five Municipal hundred dollars each, and shall bear interest at a rate Act to apply. not exceeding five per centum per annum, payable semi-annually. Such debentures shall be subject to the provisions of the “Municipal Debentures Act, 1902,” in so far as the same are consistent with this act.
6. It shall be the duty of the municipal council of Interest to be the district of Digby, in each and every year during which the sum borrowed under this act, or any part thereof, remains unpaid, to make provision for the payment of the interest on such outstanding debentures,
7. In order to provide for the payment of the said Sinking fund. debentures authorized to be issued by this act, the municipal council of the district of Digby shall in each year as the said debentures mature in accordance with the provisions of this act, include in the estimates the sum of one thousand dollars, and such sum shall
be rated and collected as part of the annual assessment, and should the council fail to provide for the payment of the interest and yearly installment, a judge of the Supreme Court may, on summary appilcation, amerce the municipality of the district of Digby for the amount due thereon.
An Act to Enable the Town of Dominion to Borrow
(Passed the 23rd day of April, A. D. 1909.)
to supply lght, etc.
water. 22. Power to enter upon lands. 23. Repairs to streets, etc. 24. Expropriation proceedings. 25. Damages, how settled. 26. Service pipes, how laid. 27. Engineer may be employed. 28. Debentures to be issued 29. Lien of debentures. 30. Money to whom paid. 31. Interest, how provided. 32. Sinking fund. 33. Annual income from water.
supply, how applied. 34. Town to have power ito make
necessary ordinances, &c 35. Power to enforce ordinances,
etc. 36. By-laws to be approved by
Governor-in-Council. 37. Board of water commis
sioners. 38. Municipal Debentures Act to
Whereas, at a public meeting of the ratepayers of said town of Dominion, duly convened at said town on the 4th day of February, A. D. 1909, under the provisions of “The Towns' Incorporation Act," and acts in amendment thereof, a resolution was duly passed, authorizing the town council of said town of Dominion to borrow the sum of three thousand dollars ($3,000.00) on the credit of the town, and to procure legislation giving said council such authority to borrow three thousand dollars ($3,000.00), for the purpose of installing an electric light line, plant, or system in the said town of Dominion for street, commercial and domestic lighting:
And Whereas, at a public meeting of the ratepayers of said town, also duly convened as aforesaid on the 29th day of January, A. D. 1909, a resolution was duly passed, authorizing the said town council to borrow the sum of twenty thousand ($20,000.00) dollars, or any part thereof, on the credit of the town, and to procure legislation giving said council such authority for the purpose of installing a water supply system in the said town;
Be it therefore enacted by the Governor, Council, and Assembly, as follows:
1. The town of Dominion is hereby empowered Iwer to to borrow on the credit of the said town and of the property therein, a sum of money not exceeding twentythree thousand dollars ($23,000.00), for the following purposes, that is to say:
(a) The sum of three thousand ($3,000.00)
dollars, for the purpose of building, 'construct-
(b) The sum of twenty thousand ($20,000.00)
dollars, or any part thereof, for the purpose
PART 1- ELECTRIC LIGHT.
2. It shall be lawful for the town council or its Authority to contractors or agents, from time to time, for the pur-etc. poses of this act, to open or obstruct the roads, streets or highways within the town, and to keep any such road, street or highway open or obstructed for such reasonable time as may be necessary; and the council or its contractors or agents is hereby empowered to erect and place upon and along the streets and other necessary places in the town of Dominion, poles or
any other necessary supports, with insulated wires
3. The expense of conveying the electric current
establishments, which are to be supplied with light
Town council may extend system.
4. The town council may from time to time, at such times as they may deem expedient, improve, extend, or enlarge the electric light line or plant or system of the town, or make repairs, erect poles, and do all things necessary to afford a sufficient supply of light.
Income, how applied.
5. The moneys accruing from the annual income of the electric light line, plant or system, from whatever source, shall be appropriated and applied in the first place to discharge the current expenses incurred in management and working of the said electric light line, plant, or system, including the necessary material for the electric light line, plant or system, and payment of the salary of the servants necessarily employed by the town in and about the said electric light plant, line, or system, the wear and tear of the same, and every other matter and thing connected with or incidental to the maintenance of the said line, plant or system, so that the same shall always be in efficient state to furnish an ample supply of light for the purposes mentioned in this act; and in the next place, towards the payment of the half-yearly interest of the debentures issued under the authority of this act, and in case the whole income shall not be sufficient for the purposes above mentioned, the deficiency shall be made good by an annual assessment under the prɔvisions of this act or any by-laws made under the authority of this act.
Town council to have power to supply light, etc.
6. The town council of the town of Dominion shall have full power to supply the town and its inhabitants, as well as persons and bodies corporate residing and being within the town limits, from the system con
structed under this act and acts in amendment hereof, with electric light for lighting the streets of the town, and for the various other purposes contemplated by this act, upon such terms as the town council may impose, and to make and enter into any contract or contracts with any other person, firm or corporation, for electric current or lighting or for any of the purposes required under this Act, and shall have full power to make, and from time to time repeal, alter or amend all such ordinances, by-laws, rules and regulations, as such council may deem requisite and necessary for regulating the conditions under which the inhabitants of the town and others shall make use of the light supplied by means of the said line, plant or system, the supply of light, and the price to be paid therefor to the town; for preventing injury to any poles, cross-arms, wires, insulators, lamps, engines, boilers, dynamos, alternators or other machinery, stock or material of or in any way belonging to or connected with the said line, plant or system; and also regarding any other thing which it may be necessary or expedient to regulate for the providing and carrying out of the objects of this act or any amendments hereof.
7 All rates or sums of money due or to accrue due Lighting, tates
to constitute to the town for light supplied to or to be supplied debt. from the said system, shall constitute a debt from the applicant or person supplied with such light by the town, and may, in addition to any other remedy which the town may have in regard thereto, be collected in a civil action with costs, at the suit of the town, before the stipendiary magistrate of the town, or any justice of the peace in and for the county of Cape Breton having jurisdiction in the premises, or collected or enforced in the same manner, and with the same remedies, as ordinary taxes and rates as are now or may be hereafter collected or enforced.
8. The town council shall have full power if neces-Town colunců sary to lay off, establish and define by boundaries, boundaries. such portion or portions of the area of the town of Dominion approximate to or in the vicinity of the electric light street service, as the council shall deem advisable, into an electric light district, and annually to levy upon the assessable property within said