Conditions and description of bonds.

Disposition and avails of bonds.

How issued and paid.

ing, by such school district, or by any school organization or board of regents which shall have been superseded by such school district.

SEC. 2. Any bonds issued under the provisions of this act shall be for the payment, by the school district issuing the same, of the sum specified therein, made payable in the city of New York, in not more than twenty years, nor less than five years from the time they are issued, with interest at a rate not exceeding seven per cent per annum, payable semi-annually; said bonds and coupons shall be required [signed] by the president of the board of education and countersigned by its secretary: Provided, that such bonds may be made redeemable at any time after five years, at the option of the board of education.

SEC. 3. It shall be the duty of the board of education of any school district issuing bonds under the provisions of this act, to negotiate such bonds, but for not less than the par value thereof, and all the proceeds arising from the sale thereof shall be paid to the treasurer of the board of education, and shall be applied solely to the redemption and purchase of the bonds heretofore issued by such school district, or school organization superseded by it, for the purpose of erecting a high school building, and bearing interest at the rate of ten per cent per annum. Provided, that none of the said bonds heretofore issued shall be redeemed or purchased for more than the face value thereof.

SEC. 4. The bonds issued under the provisions of this act shall not require a vote of the people to authorize their issue, and they shall be paid, and taxes shall be levied and collected for their payment in the same manner as is now provided by law for the payment of bonds heretofore issued by such school districts.

To take effect.

SEC. 5.

There being an emergency for the taking

effect of this act, this act shall take effect and be in force from and after its passage.

Approved February 26th, A.D. 1879.

AN ACT

To authorize the lessee of the state penitentiary and grounds to receive and retain the custody of prisoners sentenced to confinement by the courts of the United States and of Territories of the United States.

Be it enacted by the Legislature of the State of Nebraska:

tentiary may

convicts.

SECTION 1. That the lessee of the penitentiary and Lessee of peniconvict labor of this state be, and is hereby authorized receive foreign to receive into the penitentiary and grounds, and to retain into custody under the discipline and government of the officers of said penitentiary, persons convicted of crimes and sentenced to confinement by the courts of the United States, and of any of the Territories of the United States; Provided, that the reception and custody of such convicts shall not interfere in any manner with the comfort or safe keeping of any person sentenced to confinement in said penitentiary by the courts of this state; Provided further, that no such prisoners shall be when privilege received or retained in said penitentiary after January 1st, 1884, nor shall the state of Nebraska be liable in any manner on account of the receiving or retaining of any such prisoners.

SEC. 2. All acts and parts of acts inconsistent with this act be and the same are hereby repealed.

Approved, February 26, A.D. 1879.

expires.

School districts may issue bonds, when.

Question to be submitted to vote.

AN ACT

To provide for the issuing and payment of school district bonds.

Be it enacted by the Legislature of the state of Nebraska:

SECTION 1. The district officers of any school district in Nebraska shall have power to issue the bonds of the district for the purpose of purchasing a site for, and erecting thereon a school house or school houses, and furnishing the same in such district, on the terms and conditions set forth in the succeeding sections of this

act.

SEC. 2. No bonds shall be issued until the question has been submitted to the qualified electors of the district, and two-thirds of all the qualified electors present and voting on the question shall have declared by their votes in favor of issuing the same at an election called for the purpose, upon a notice given by the officers of the district at least twenty days prior to such election.

submission.

SEC. 3. No vote shall be ordered upon the issuance Petition for of such bonds unless a petition shall be presented to the district board suggesting that a vote be taken for or against the issuing of such amount of bonds as may therein be asked for, to purchase a site for, or build a school house or houses, or for furnishing the necessary furniture and apparatus for the same, or for all of these purposes, which said petition shall be signed by at least one-third of the qualified voters of such district.

bonds.

SEC. 4. That no such bonds shall be issued in aggregate Amount of amount to exceed three per cent of the taxable valua tion of the district for county and state purposes for the year next preceding such issue; nor shall any district issue bonds unless there are at least twelve children of school age residing within the district.

SEC. 5. The amount of bonds shall in no case exceed same. five hundred dollars in those districts having less than twenty-five scholars, and not less than twelve, of school age; and the amount of bonds shall not exceed one thousand dollars when the number of children of school age are twenty-five, or more, and less than fifty; and the amount of bonds shall not exceed two thousand dollars when the number of children of school age in the district are fifty or more, but less than one hundred; and the amount of bonds shall not exceed five thousand dollars when the number of children of school age in the district are one hundred or more, but less than three hundred; and in districts having three hundred or more children of school age, such amount as may be agreed upon, not to exceed three per cent of the assessed val

uation.

SEC. 6. The bonds issued under this sub-division shall Rate of interest draw such interest as shall be agreed upon, but not to

exceed seven per cent per annum.

bonds.

SEC. 7. The bonds shall specify on their face the date, Description of amount, for what purpose issued, the time they run, and

Statements by

school district

officers.

the rate of interest; shall be printed on good paper, with coupons attached for each year's or half year's interest, and the amount of each year's interest shall be placed in corresponding coupons until such bonds shall become due, in a manner so as to have the last coupon fall due at the same time as the bond; said bonds and coupons thereto attached shall be severally signed by the director, moderator, and treasurer of the district board. SEC. 8. It shall be the duty of the proper officers of any school district in which any bonds may be voted under the authority of any law of this state, before the issuance of such bonds to make a written statement of all proceedings relative to the vote upon the issuance of such bonds, and the notice of the election, manner and time of giving notice, questions of submissions, results of a canvass of the vote on the proposition on account of which it is proposed to issue such bonds, together with a full statement of the assessed valuation, the number of children of school age residing in the district, and total bonded indebtedness of the school district voting Transmitted to such bonds. Such statement shall be certified to under auditor of public accounts. oath by the proper school board of the district, and be transmitted with the bonds proposed to be issued to the auditor of public accounts.

auditor.

.

Registration by SEC. 9. The auditor shall examine the statements and bonds so submitted to him, and if he be satisfied that such bonds have been voted in conformity to law, and are in all respects in due form, he shall record the statement and register the bonds in his office, and no such bonds shall be issued or be valid unless they shall be so registered and have endorsed thereon a certificate of said auditor and the secretary of state, showing that such bonds are issued pursuant to law, the data filed in the office of said auditor being the basis of such certificate.

Certificate of registry.

SEC. 10. Upon the registration of such bonds aforesaid, the auditor of public accounts shall certify the fact