Be it therefore enacted by the Governor, Council, and Assembly, as follows: debentures. 1. In addition to the debenture issue, not to exceed Additional fourteen thousand dollars, authorized by section 2 of chapter 125 of the Acts of 1901, the town council of the town of Liverpool may issue further debentures of the town, over and above the said amount of fourteen thousand dollars, under the provisions of and for the purposes contemplated in said chapter 125, in respect to, or for or in connection with the public square and the town building thereon, to an amount not exceeding five thousand four hundred dollars. to apply. 2. The debentures to be issued under authority of this Debentures Act Act, shall, notwithstanding anything in section 2 of said chapter 125 contained, bear interest at rate not exceeding four and one-half per cent. per annum, and shall, except as may otherwise be provided by said chapter 125 or by this Act, be subject to the provisions of "The municipal debentures Act," and the amendments thereto, and the word "four" in said section two (2), shall for all the purposes of the debentures by this Act authorized, be read and construed as if it were "four and one-half." not necessary. 3. Inasmuch as the ratepayers of the said town have in Town meeting manner by law provided already approved the expenditure by the town of said sum of five thousand four hundred dollars, as in the preamble to this Act mentioned, it shall not be necessary to convene any further or other public meeting, either under the provisions of said chapter 125, or of this Act, or under "The Towns' Incorporation Act" or the amendments thereto, or at all, as a condition precedent to the issuing of said or of any of said debentures by this Act provided for. Preamble. Section I amended. Amendment, how construed. CHAPTER 115. An Act to amend Chapter 127, Acts of 1903-4, entitled, Whereas, pursuant to public notice, legally given, a public meeting of the ratepayers of the town of Liverpool was held on the sixth day of March, 1905; And whereas, a vote of the ratepayers present having been duly taken, a resolution was approved at said meeting by a majority of the ratepayers legally voting at such meeting, and in manner provided by law, the said resolution being as follows: "Resolved, that this meeting of the ratepayers of the town of Liverpool approves of the expenditure by the town of Liverpool of the further amount of $14,500.00 (inclusive of $10,000.00, debentures for which were authorized by chapter 127 of the Acts of 1903-4) in addition to the amount already authorized by said ratepayers, in respect to or for or in connection with the town's electric light system and the issue of debentures, under the provisions of and for the purposes contemplated in chapter 117 of the Acts of 1899 (as amended), for such additional expenditure;' Be it therefore enacted by the Governor, Council, and Assembly, as follows: 1. Section 1 of chapter 127 of the Acts 1903-4, is hereby amended by striking out all the words thereof after the word "exceeding" in the twenty-fourth line thereof, and inserting in lieu thereof, as the concluding words of said section, the words "fourteen thousand, five hundred dollars." 2. Said chapter 127, shall take and be held to have taken effect for all purposes, and shall be construed as if the amendments hereby made were contained or made in said chapter at the date of the passage thereof. not necessary. 3. Inasmuch as the ratepayers of the said town have in Town meeting manner by law provided, already approved the expenditure by the town of said sum of fourteen thousand five hundred dollars, as in the preamble to this Act mentioned, it shall not be necessary to convene any other or further public meeting, either under the provisions of chapter 117 of the Acts of 1899, or of any amendment thereto, or under "The Towns' Incorporation Act," or the amendments thereto, or at all as a condition precedent to the issuing of said or of any of said debentures by this Act provided for. CHAPTER 116. An Act to amend Chapter 116, Acts of 1899, entitled, "An Whereas, pursuant to public notice legally given, a public Preamble. meeting of the ratepayers of the town of Liverpool was held on the sixth day of March, 1905; And whereas, a vote of the ratepayers present having been duly taken, a resolution was approved at said meeting by a majority of the ratepayers legally voting at such meeting and in manner provided by by-law, the said resolution being as follows: "Resolved, that this meeting of the ratepayers of the town of Liverpool, approves the expenditure by the town of Liverpool of the sum of five hundred dollars, in addition to the amount already authorized by said ratepayers, in respect to or for or in connection with the water works of the town of Liverpool, and the issue of debentures under the provisions of and for the purposes contemplated in chapter 116 of the Acts of 1899, as amended, for such additional expenditure." Be it therefore enacted by the Governor, Council, and Assembly, as follows: Power to issue debentures. Debentures Act to apply. Town meeting not necessary. 1. In addition to the debenture issue, not to exceed twenty-two thousand dollars, authorized by section 9 of chapter 116 of the Acts of 1899, and in addition also to the further debenture issue, not to exceed six thousand dollars. authorized by section 29 of said chapter 116, as amended by chapter 98 of the Acts of 1900, and in addition also to the further debenture issue, not to exceed fifteen hundred dollars, authorized by chapter 99 of the Acts of 1900, and in addition also to the further debenture issue, not to exceed five hundred dollars, authorized by chapter 146 of the Acts of 1903, (in all thirty thousand dollars,) the town council of the town of Liverpool may issue further debentures of the town, over and above the said amount of thirty thousand dollars, under the provisions of and for the purposes contemplated in said chapter 116, in respect to, or for or in connection with the water works of the said town, to an amount not exceeding five hundred dollars. 2. The debentures to be issued under authority of this Act shall, notwithstanding anything in section 9 of said chapter 116 contained, bear interest at a rate not exceeding four and one-half per centum per annum, and shall, except as may otherwise be provided by said chapter 116, or by this Act, be subject to the provisions of "The Municipal Debentures Act," and the amendments thereto, and the word "four," in the said section nine (9), shall, for all purposes of the debentures by this Act authorized, be read and con-strued as if it were "four and one-half." 3. Inasmuch as the ratepayers of the said town have in manner by law provided, already approved the expenditure by the town of said sum of five hundred dollars, as in the preamble to this Act mentioned, it shall not be necessary to convene any further or other public meeting, either under the provisions of said chapter 116, or of this Act, or under "The Towns' Incorporation Act," or the amendments thereto, or at all, as a condition precedent to the issuing of said or of any of said debentures by this Act provided for. CHAPTER 117. An Act to amend Chapter 123 of the Acts of 1903-4, entitled, "An Act to enable the Municipality of the County of Queens to borrow money to pay Be it enacted by the Governor, Council, and Assembly, as follows: Section I 1. Section 1 of chapter 123 of the Acts of 1903-4, is hereby amended by striking out the word ten" in the amended. fourth line thereof, and inserting in lieu thereof the word "thirty." 2. Said chapter 123, shall take and be held to have taken Amendment, effect for all purposes, and shall be construed as if the how construed. amendment hereby made were contained or made in said chapter 123 at the date of the passage thereof. CHAPTER 118, An Act to authorize the Trustees of School Section Number 69, West L'Ardoise, in the County of Richmond to borrow Money. (Passed the 7th day of April, A. D. 1905.) Be it enacted by the Governor, Council, and Assembly, as follows: : 1. The trustees of school section number 69, West Power to borrow. L'Ardoise, in the county of Richmond, are authorized to borrow on debentures or other form of security, the sum of one thousand dollars, to be used for the erecting and furnishing a school building and for no other purpose. |