Appointment of Commissioners. Commissioners to report. binding. CHAPTER 106. An Act Relating to Joint Expenditures Between the (Passed the 29th day of April, A. D., 1922). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The Governor-in-Council is authorized to appoint a commission of three members, none of whom shall be a resident of the County of Pictou, whose duties it shall be to make a valuation upon a uniform standard of the property and income liable to be rated in the Municipality of the County of Pictou, and the incorporated Towns of Pictou, Westville, New Glasgow, Stellarton and Trenton, situated in the County of Pictou respectively, and to fix and specify the items of expenditure which are for the joint benefit of the aforesaid municipality and towns, and to be paid by them proportionately. The commissioners, before entering upon their duties as such, shall be sworn to the faithful performance of their duties before a Commissioner of the Supreme Court. 2. The commission shall make a report to the municipality and to each of said towns, showing the valuation so made, and a list of the items of expenditure which are for the joint benefit of the municipality and towns and payable proportionately. Valuations, etc. 3. The valuation and the list of items of expenditure for the joint benefit, and payable proportionately so reported by the commission, shall be conclusive and binding on the said municipality and the said towns, and shall be used instead of the statement of valuations required to be furnished under Section 64 and 65 of the Assessment Act in fixing the proportion of municipal expenditure for the joint benefit of the municipality and the said towns respectively. Valuation, etc.; 4. The valuation and the list of items of expendireadjustment. ture for the joint benefit of the municipality and the towns, and payable by them proportionately, shall be used for the purposes mentioned in the next preceding section until readjustment shall be made; provided, that no readjustment shall be made for a period of five years from the date of the report. of commission. 5. The municipality shall pay to the commission Remuneration such reasonable remuneration as the Municipal Council fixes, and such remuneration shall be an expenditure for the joint benefit of the municipality and the said towns, and shall be payable proportionately. 6. The commissioners shall have all the powers of Commissioners' a Commissioner appointed under Chapter 12 of the Revised Statutes, 1900, "Of Inquiries Concerning Public Matters." towns may mission. 7. If at any time any additional town or towns Additional are incorporated within the County of Pictou, or if the appoint comboundaries of any existing town are enlarged, the said municipality and towns may appoint a like commission to make a valuation as nearly as may be on the standard adopted in making valuation referred to in the preceding sections of this Act, of the ratable property within such incorporated town or towns, or within the area added to any existing town. Upon making such valuation, said commission shall amend the valuations referred to under Section 3 of this Act. and also, if deemed necessary, the list of items of expenditure for the joint benefit of the municipality and such towns in accordance therewith, and thereupon such amended valuation and list shall be used in fixing the proportion of municipal expenditure for the joint benefit of the municipality and the said towns, to be paid proportionately by the municipality and said towns. 8. Chapter 155 of the Acts of 1917 is hereby re- Chap. 155, pealed. Acts 1917 repealed. Commission 9. The commission shall in any event make the report referred to in Section 2 hereof not later than the to report. thirty-first day of December, 1922. Reported valuation basis ment. 10. Upon the filing of the report referred to in of apportion Sections 2 and 9 hereof, the valuation made therein shall become and be the basis upon which the Clerk of the said Municipality shall proceed to make the apportionment referred to in Section 66 of the Assessment Act. Notice of valuation. 11. The Commission shall give thirty days' notice in writing to the mayors of the respective towns and the warden of the municipality before undertaking the making of the valuation referred to in this Act. Authority to Sinking fund. CHAPTER 107. An Act to Authorize the Municipality of the District of Yarmouth to Borrow Money for the Purpose of Paying off the Indebtedness Incurred for Repairs to the Court House at Yarmouth. (Passed the 13th day of April, A. D., 1922). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The Municipality of the District of Yarmouth is authorized to borrow or raise by way of loan, on the credit of the Municipality, the sum of twenty-six thousand dollars, for the purpose of paying off the indebtedness incurred in connection with the repairs to the Court House at Yarmouth. 2. Where any money is borrowed or raised by the issue and sale of debentures of the said Municipality under this Act and the Municipal Debentures Act, 1914, as amended, the Council of the said Municipality shall provide for a sinking fund with respect to such debentures; provided, that the amount to be paid annually into the sinking fund shall not be less than three per centum of the aggregate amount of said debentures, and shall not be more than the Council deems sufficient to provide for the payment of the debentures when the same are payable, and the first payment into such sinking fund shall be made within one year from the date of the debentures. 3. Every sum required for, (a) interest on such debentures; (b) the sinking fund, so provided, shall be held to be sums required for the ordinary purposes of the said Municipality and shall be raised, levied and collected in the same manner and in all respects as other sums required for the ordinary lawful purposes of the said Municipality are raised, levied and collected. Interest and sinking fund lawful charges. 4. Such debentures shall be dated the first day of Debentures. January, 1922, shall be payable in twenty years from the date thereof and shall bear interest from that date at such rate not exceeding six per centum per annum as the Council may by resolution determine. CHAPTER 108. An Act to Amend Chapter 131, Acts of 1913, entitled, and Other Purposes," and Acts in (Passed the 18th day of April, A. D., 1922). Be it enacted by the Governor, Council, and Assembly, as follows: Sec. 1, Chap. Sec. 12, Chap. amended. 1. Section 26 of Chapter 131 of the Acts of 1913, as Sec. 26, as amended by Section 1 of Chapter 74 of the Acts of amended by 1918 and by Section 12 of Chapter 147 of the Acts of 74, 1918 and 1920, is hereby amended by striking out the words 147, 1920, "eighty thousand" in the fifteenth line of said section and substituting therefor the words "eighty-seven thousand five hundred" and by striking out the words "fifty thousand" in the said fifteenth line of said section and substituting therefor the words "fifty-seven thousand five hundred." CHAPTER 109. Sections added to Chap. 59, 1894, as amended by Chap. 132, 1919. Authority to borrow $8,000. Debentures. Sinking fund. Commissioners; powers An Act to Amend Chapter 59, Acts of 1894, "An Act (Passed the 29th day of April, A. D., 1922). Be it enacted by the Governor, Council, and Assembly, as follows: 1. Chapter 59 of the Acts of 1894, as amended by Chapter 132 of the Acts of 1919, is further amended by the addition thereto of the following sections: The Commissioners of the Town of Canning, as constituted under Chapter 59 of the Acts of 1894 as said Act is amended by Chapter 132 of the Acts of 1919, are hereby authorized and empowered to borrow on the credit of the said Town as therein defined, the further sum (in addition to all other sums heretofore authorized) of eight thousand dollars for the following purposes, that is to say: The sum of eight thousand dollars for the purpose of paying off an indebtedness incurred in respect of the water supply of said Town, and on the indebtedness incurred in respect of the electric light plant of said Town in such sums and in such proportions as the said Commissioners shall determine. Debentures may be issued by said Commissioners for said amount and any part thereof, which shall be in accordance with and be repaid as the same manner provided by said Act and amendments thereto. (3) For the purposes of the said sinking fund the Commissioners shall have such power and authority in respect thereof as are conferred by Section 18 of said Act in respect to the sinking fund thereby created. 52. For the purpose of the assessment mentioned in Section 51, Sub-section 2, hereof, the Commissioners shall have all the rights, privileges and powers in respect thereof as are conferred upon the Commissioners in respect to other assessments under this Act. |