and such sum shall be rated and collected as a part of the annual assessment.

(a) All such sums when so collected shall be
deposited by the town treasurer in some char-
tered bank in Nova Scotia to the credit of an
account to be called "The Town of Glace
Bay Sinking Fund Account, 1909," and shall,
with the interest thereon, be used for payment
of the debentures issued under the authority
of this act, and for no other purpose or pur-
poses whatsoever.

Ratepayers,

7. This act shall not take effect until the same meeting to be is adopted by a meeting of the ratepayers of the held. ; town, duly convened in accordance with the provisions of sections 143 and 144 of chapter 71, Revised Statutes, 1900, "The Towns' Incorporation Act." And it shall be lawful for the said meeting to direct the town council, by resolution, to borrow the whole or, from time to time, any part of the sums set out in sub-sections "a," "b," "c," "d," and "e" of section "1" of this act.

Evidence of

8. A certificate under the hand of the mayor adoption and town clerk, and under the corporate seal of the Act. town, of a resolution passed under the next preceding section of this act, shall be conclusive evidence of the adoption of this act, and of the passing of the resolution provided for in said section.

Amount to be

9. Upon approval, by vote of the ratepayers borrowed. in accordance with the provisions of sections 143 and 144 of "The Towns' Incorporation Act," the town council of the said town is authorized to borrow the sum of thirty-five thousand two hundred dollars, in whole or in part, or in such amounts from year to year, as the council, by resolution, declares to be necessary and expedient, but such resolution of council shall not conflict with any resolution passed at said meeting of ratepayers mentioned in paragraph 7 of this act, and so that the amount so borrowed shall not, in aggregate, exceed the said sum of thirty-five thousand two hundred dollars.

Town author

ized to pay

CHAPTER 81.

An Act Empowering the Town of Glace Bay to Pay its Mayor an Annual Salary.

Be it enacted by the Governor, Council, and Assembly, as follows:

1. The town council of the town of Glace Bay mayor a salary. is hereby authorized, from time to time, and at all times hereafter, to pay to the mayor of the town for the time being, such salary or compensation for his services as such council shall deem proper, and shall annually add to the amount to be levied and assessed upon the real and personal property of the town for general purposes, a sufficient sum to pay such salary or compensation.

Sum that may 2. be paid.

Ratepayers, meeting.

The salary or compensation to be paid to the mayor of the said town shall not exceed the sum of eight hundred dollars in any one year.

3. No payment shall be made under the authority of this act unless and until the proposed expenditure is approved by a meeting of ratepayers duly called under the provisions of section 143 of "The Towns' Incorporation Act."