ceiving aid not voters. 5. No person who receives relief out of the said Persons resum so levied in said districts shall be in any way disqualified affected by the provisions of the Election Act with regard to paupers receiving aid within one year prior to any municipal, local or federal election. as CHAPTER 119. An Act to Enable the Municipality of the County of (Passed the 23rd day of April, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: borrow. 1. The Municipality of the County of Cape Breton Authority to is authorized to borrow or raise by way of loan on the credit of the said municipality a sum not exceeding eleven thousand dollars for the purpose of installing a sprinkler system in the Cape Breton Hospital at Sydney River. 2. Where any money is borrowed or raised by the Sinking fund. issue and sale of debentures of the said municipality under this Act, and the Municipal Debentures Act, the council of the municipality shall provide for a sinking fund with respect to such debentures. The amount to be paid annually into the sinking fund shall not be less than 4 per centum of the aggregate amount of the 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 said debentures, (b) the sinking fund so provided, Interest and sinking fund, how raised. Debentures, how issued and sold. Debentures, payment and interest etc. Sprinkler system, control shall be held to be sums required for the ordinary lawful joint purposes or benefit of the said municipality, the City of Sydney and the incorporated towns within the County of Cape Breton, and shall be raised, levied and collected in the same manner and in all respects as other sums required for the ordinary, lawful joint purposes or benefit of the said municipality, the said City of Sydney, and the said incorporated towns are raised, levied and collected. 4. The warden and clerk of the said municipality are authorized and empowered on behalf of the said municipality to borrow or raise the said sum of eleven thousand dollars or any part thereof by the issue and sale of debentures of the said municipality under this Act and the Municipal Debentures Act, to such an amount as they deem necessary to raise the sum to be borrowed and to sell and dispose of such debentures for such price or prices, on such terms and conditions and in such manner as they deem most advantageous. 5. Such debentures shall (a) bear such date, (b) be payable at such time not exceeding twenty years from the date thereof at such place or places, (c) bear interest at such rate not exceeding five per centum per annum payable half-yearly at such place or places, as the said warden and clerk deem expedient 6. The purchasing and installing of said sprinkler installation system and all other work connected therewith shall be under the direction, supervision and control of the Cape Breton Hospital Commission for the time being. of etc. Money borrow ed, how dealt with. 7. The money so borrowed shall be deposited with the treasurer of the said municipality and shall be by him paid out for the purposes mentioned in this Act, and for no other purposes, on the written order of the chairman of the Cape Breton Joint Expenditure Board or the committee thereof and countersigned by the secretary of such board or committee. Such order shall only be signed and countersigned when authorized by the board or committee thereof. ed deemed joint 8. The money borrowed under the authority of Money borrowthis Act shall be deemed to be money borrowed for expenditure. the joint purposes or benefit of the said municipality, and the city and several towns in the said County of Cape Breton, now incorporated or hereafter to be incorporated certain insur 9. The payment of the sum of ten hundred and Payment of eighty-eight dollars and thirty-eight cents ($1,088.38), ance premiuma out of the fifty thousand dollars ($50,000) borrowed legalized. under Chapter 115 of the Acts of 1924 for premiums on insurance on the Cape Breton Hospital is hereby legalized, ratified and confirmed. authorized to moneys. 10. The Cape Breton Hospital Commission is c. B. Hospital hereby authorized and empowered to use the sum of Commission fifteen hundred dollars, ($1,500.00), out of the proceeds use certain of the money borrowed by virtue of Chapter 115 of the Acts of 1924 towards the payment of the cost of purchasing and installing the said sprinkler system in the said Cape Breton Hospital. to Publicity 11. The appropriation of fifteen hundred dollars, Appropriation ($1,500.00), to the Nova Scotia Publicity Bureau Bureau ratified by the Joint Expenditure Board of the County of Cape Breton at its January, 1924, session is hereby ratified, legalized and confirmed. for salary of 12. The appropriation of five hundred dollars, Appropriation ($500.00) by the Joint Expenditure Board, as salary Matron of of the matron of the county gaol, is hereby legalized, Goal ratified. ratified and confirmed. Authority to borrow. Sinking fund. Interest and sinking fund, how raised. CHAPTER 120. An Act to Authorize the Municipality of the County (Passed the 7th day of May, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The Municipality of the County of Cape Breton is authorized to borrow or raise by way of loan on the credit of the municipality the sum of six thousand dollars for the purpose of defraying the expenses of the special auditors of the books of the municipality and other expenses incidental to such audit. 2. Where any money is borrowed or raised by the issue and sale of debentures of the municipality under this Act and the Municipal Debentures Act the council of the municipality shall provide for a sinking fund with respect to such debentures. 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 lawful purposes of the 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 municipality are raised, levied and collected. loan authoris 4. Notwithstanding any of the provisions of Temporary "The Municipal Act," Chapter 83, Revised Statutes, ed. 1923, the said municipality is hereby authorized to borrow on temporary loan from any chartered bank in Nova Scotia the said sum of $6000.00 or any part thereof for the purpose of defraying the expenses aforesaid; provided that any such sum so borrowed and interest thereon shall be payable out of and be a first charge upon the money borrowed or raised by the issue and sale of debentures under this Act. CHAPTER 121. An Act to Amend Chapter 134, Acts of 1921, entitled, for the said Village.' (Passed the 23rd day of April, A. D., 1925). Be it enacted by the Governor, Council, and Assembly, as follows: 1. Section 1 of Chapter 134, Acts of 1921, is amen- 1921, c. 134, ded by striking out the words and figures, "five hund- . 1. amended. red dollars, ($500.00)" in the third and fourth lines of the said section and substituting therefor the words and figures "seven hundred dollars ($700.00)." |