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of the polls the said inspectors shall canvass the vote cast upon said proposition and shall publicly declare the result and record the same in the school district records.

Sec. 4. If at such meeting a majority of the qualified elect. When bonds ors present thereat and voting upon said proposition shall vote in favor of such loan, the board of trustees of said district shall thereupon be authorized to borrow the amount of money so designated in the notice of said meeting and to issue the bonds of the district therefor in denominations not exceeding one thousand dollars each and at a rate of interest not exceed- Rate of ing four per cent per annum and for a period not exceeding twenty-five years, which bonds shall be executed in such form and by such officers and in such manner as said board shall direct. Sec. 5. If said loan is made under the provisions of this act, Tax to be

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. the board of trustees of said district is hereby authorized and directed to raise by tax in each year thereafter, in addition to all other school taxes, a sum sufficient to provide for a sinking fund for the payment of the principal and the interest thereof at maturity, said tax to be levied, assessed and collected as other taxes are levied and collected.

This act is ordered to take immediate effect.
Approved April 23, 1903.

[No. 440.]

AN ACT to authorize the village of Wayne, in the county of

Wayne, to borrow money to be used in the purchasing, constructing and maintenance of a general system of waterworks in said village, and to issue bonds therefor.

The People of the State of Michigan enact: SECTION 1. The village council of the village of Wayne, in Bond issue by

village. the county of Wayne, shall be and is hereby authorized aņd empowered to borrow on the faith and credit of said village and issue bonds therefor, to an amount not exceeding thirtyfive thousand dollars, which shall be expended in the purchasing, constructing and maintenance of a general water-works system in said village: Provided, That two-thirds of the quali- Proviso. fied electors of said village voting at any annual election, or at any special election called for the purpose, after due notice required by law, shall vote therefor.

Sec. 2. The question of borrowing said sum of thirty-five Question to be thousand dollars and issuing the bonds of said village therefor, electors. shall be submitted to the electors of said village at any annual election, or at a special election called for that purpose as hereinbefore provided. Those who favor the borrowing of said Form of sum and issuance of said bonds, shall vote a ballot with the

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ballot.

When bonds may be issued.

Rate of interest.

words written or printed thereon: “Water-works loan-Yes,"
and those opposed thereto shall vote a ballot with the words
written or printed thereon: “Water-works loan-No." Such
ballots shall be cast, canvassed, and the result thereof certified
to in the same manner as is provided by law respecting ballots
cast for the officers of said village. If a two-thirds majority of
such ballots so cast shall be in favor of borrowing said money
and the issuance of said bonds, the village council shall be
authorized to make and issue said bonds in such sums, not
exceeding the aggregate amount hereinbefore limited, and pay-
ment at such times, with such rates of interest not exceeding
five per cent per annum, as the village council shall direct, and
it shall be signed by the village president and village clerk and
sealed with the seal of said village, and negotiated by or under
the direction of said village council; and the money arising
therefrom shall be appropriated in such manner as said village
council shall determine, for the purpose aforesaid, and the
said village council shall have power and it shall be their duty,
to raise by tax upon the taxable property of said village such
sum or sums as shall be sufficient to pay the amount of said
bonds and the interest thereon as fast as the same shall become
due.

This act is ordered to take immediate effect.
Approved April 23, 1903.

Money, how used.

[No. 441.] IN ACT to authorize the village of Houghton in the county of

Houghton to borrow money and issue bonds therefor, for the purpose of adding to and improving the water-works system

village, and for such other public improvements as may be determined by the common council of said village.

Council may borrow money.

The People of the State of Michigan enact: SECTION 1. The common council of the village of Houghton shall be and is hereby authorized and empowered to borrow money on the faith and credit of said village from time to time, in such amounts as may be authorized by the electors of said village as hereinafter provided, to an amount not exceeding in the aggregate the sum of one hundred thousand dollars, to be used for the purpose of adding to and improving the water-works system of said village and for such other public improvements as may be determined by the council: Provided, That loans may be made under the authority of this act only when a majority of the qualified electors of said village who are present and voting on such proposition at any annual election or at any special election called for that purpose shall vote therefor.

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SEC. 2. The common council of said village of Houghton Question to be may from time to time submit to the electors of said village a electors. proposition to borrow money under the authority of this act and to issue bonds therefor as herein provided, in such amounts, not exceeding at any one time or in the aggregate the said sum of one hundred thousand dollars, as said common council may determine, which proposition may be submitted at any annual election of said village or at a special election to be called for the purpose; and public notice that said propo- Notice of sition will be so submitted shall be given by order of the common council, signed by the clerk of said village, by publishing the same in a newspaper in said village once in each week for at least two weeks before said election, and by posting a copy of such notice in at least three public places in said village not less than two weeks before said election, and said notice shall state that the electors of said village will be called upon to vote upon such proposition so determined by said council and the said common council is hereby authorized and empowered to call a special election at any time in its discretion for the above named purpose and in the manner aforesaid.

Sec. 3. The said common council may submit such propo. Limiting sition in the manner aforesaid, and in case such•proposition loan. is for a less sum than the aggregate above mentioned, the said common council may in its discretion from time to time submit further propositions for further loans under the authority of this act, but not to exceed in all the said sum of one hundred thousand dollars.

Sec. 4. The vote upon any such proposition under the pro- Form of visions of this act shall be by - ballot, which shall be in substantially the following form:

"Vote on Proposition to Borrow Money." "Mark or stamp a cross in the appropriate square below.” "[] On the proposition to borrow money—Yes.” "[] On the proposition to borrow money–No.

And such ballot shall be deposited in a separate ballot box to be labeled “Village Loan," and the other proceedings had at said election shall be in accordance with the provisions of the election laws of this State applicable to said village. Sec. 5. When any loan hereunder shall be authorized by a When bonds

may be issued. majority of such electors voting on said proposition at such election, the common council of said village is hereby authorized to cause to be issued the coupon bonds of such village, not exceeding the amounts from time to time so authorized and not exceeding in the aggregate the said sum of one hundred thousand dollars, and payable at a time or times not exceeding thirty years, and with such rates of interest not Rate of exceeding six per cent per annum as the said common council shall direct, which bonds and the coupons thereof shall be signed by the president and countersigned by the clerk of said village and sealed with the seal of said village and negotiated by or under the direction of said common council, and the money arising therefrom shall be used for the purposes stated

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Council to raise tax for.

in section one of this act; and said common council shall have
power and it shall be their duty to raise by taxes upon the
taxable property of said village such sum or sums of money
from time to time as shall be sufficient to pay the amount of
said bonds and the interest accruing thereon as the same shall
come due or to provide a sinking fund for the payment of said
bonds, which taxes so to be assessed shall be in addition to all
other taxes which said village is now authorized to raise, and
may be denominated in the tax assessment roll and proceed-
ings with regard thereto as "Improvement bond tax."

This act is ordered to take immediate effect.
Approved April 23, 1903.

No. 442.]

AN ACT to amend section one of chapter seventeen of act

number two hundred fifty-one of the Local Acts for the year eighteen hundred ninety-one, entitled “An act to revise and amend the charter of the city of Ishpeming," as amended by act number three hundred seventeen of the Local Acts of eighteen hundred ninety-three and act number four hundred seventeen of the Local Acts of eighteen hundred ninety-seven and act number three hundred fifty-six of the Local Acts of nineteen hundred one, approved March twenty-eighth, nineteen hundred one.

Section amended.

The People of the State of Michigan enact: SECTION 1. Section one of chapter seventeen of act number two hundred fifty-one of the Local Acts for the year eighteen hundred ninety-one, entitled "An act to revise and amend the charter of the city of Ishpeming," as amended by act number three hundred seventeen of the Local Acts of eighteen hundred ninety-three and act number four hundred seventeen of the Local Acts of eighteen hundred ninety-seven, and act number three hundred fifty-six of the Local Acts of nineteen hundred one, approved March twenty-eighth, nineteen hundred one, is amended so as to read as follows:

SECTION 1. Said city shall constitute one school district, the boundaries of which shall be the same as the boundaries of the city, and shall be known and called district number one of the city of Ishpeming; and the annual school meeting and election of members of the school board in said district shall be held on the second Monday of September in each year.

This act is ordered to take immediate effect.
Approved April 23, 1903.

City to con: stitute single school district.

[No. 443.]

AN ACT to amend section nine of an act, entitled “An act

supplemental to the charter of the city of Detroit and relating to parks, boulevards and other public grounds in said city, and to repeal act number three hundred seventy-four of the Local Acts of eighteen hundred seventy-nine, entitled ‘An act to provide for the establishment and maintenance of a broad street or boulevard about the limits of the city of Detroit, and through portions of the townships of Hamtramck, Greenfield and Springwells, in the county of Wayne,' approved May twenty-first, eighteen hundred seventy-nine," approved May eighth, eighteen hundred eighty-nine, as amended.

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The People of the State of Michigan enact: SECTION 1. Section nine of an act entitled “An act sup- Section plemental to the charter of the city of Detroit and relating to parks, boulevards and other public grounds in said city, and to repeal act number three hundred seventy-four of the Local Acts of eighteen hundred seventy-nine, entitled 'An act to provide for the establishment and maintenance of a broad street or boulevard about the limits of the city of Detroit, and through portions of the townships of Hamtramck, Greenfield and Springwells, in the county of Wayne,' approved May twenty-first, eighteen hundred seventy-nine," approved May eighth. eighteen hundred eighty-nine, as amended, is hereby amended so as to read as follows:

Sec. 9. The common council of said city, with the consent Council may, of the board of estimates, may cause to be placed upon the amounts general tax roll, and raised by tax the same as other taxes, placed on such sum as they may think proper to be raised for each of the several objects of expenditure, estimated as aforesaid, the maintenance and improvements of said parks, public grounds and boulevards, or for the payment of any other expenses which said commissioner is by this act authorized to incur. For May issue the purpose of the improvement of Belle Isle Park by the park improve. erection thereon of a suitable building to be used as a casino, ments. the common council shall have the power, with the approval of the board of estimates, to borrow upon the best terms they can make and for such a time as they may deem expedient, a sum of monev, not exceeding one hundred thousand dollars, upon the faith and credit of the city of Detroit, and shall have the authority to issue bonds, pledging the faith and credit of said city for the payment of the principal and interest of said bonds, which bonds shall be denominated “Park improve. ment bonds of the city of Detroit." and shall bear interest at a rate not exceeding four per cent per annum, and shall mature in not more than thirty years from date of issue. The com- Sale, etc., of. mon council shall have full authority to provide, by resolution, for the advertising and sale of said bonds and the manner thereof shall conform as near as practicable to the regu.

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