Power to borrow. Repayment. Money, how applied. CHAPTER 48. An Act to enable the City of Halifax to borrow Money (Short term Debentures). Be it enacted by the Governor, Council, and Assembly, as follows: 1. The City of Halifax is authorized to borrow a sum not exceeding twenty-two thousand and three hundred dollars, to be applied to the purposes set out in the schedule to this Act in the respective amounts therein specified for each such purpose and to no other purpose whatever. 2. The amount so borrowed with interest at a rate not exceeding five per cent. shall be repaid in five yearly instalments, and an amount equal to each such instalment shall be added to and included in the sum rated upon the inhabitants and property within the city and collected therewith in each year until the same is repaid. 3. The moneys borrowed under this Act shall be paid into the hands of the treasurer of the said city, and shall be by him paid out and applied as directed by the city council for the purposes specified, and for no other. An Act to enable the City of Halifax to borrow Money (Long term Debentures). Be it enacted by the Governor, Council, and Assembly, as follows: borrow. 1. The city of Halifax is authorized to borrow a sum Authority to not exceeding two hundred and seven thousand dollars, to be applied to the purposes set out in the schedule to this Act in the respective amounts therein specified for each such purpose, and to no other purpose whatever. 2. The sum so borrowed shall be in addition to the Debenture Stock. amount authorized to be borrowed by the Halifax City Consolidated Fund Act of 1905, shall form part of that fund, and shall be secured by debentures or stock to be issued in conformity with the provisions of that Act. 3. Any moneys paid by any persons in respect to any Sinking. sewer constructed with money borrowed under the provisions of this Act shall be paid into and form part of the sinking fund, 1902. Sub-section 4 amended. Sub-section I amended. Sub-section 7 amended. CHAPTER 50. An Act to amend the City Compulsory School Act, 1899. Be it enacted by the Governor, Council, and Assembly, as follows: 1. Sub-section four of section 10 of chapter 56 of the Acts of 1899, "The City Compulsory School Act, 1899," is amended by adding at the end of said sub-section the words "and the prescribed register of any department shall be prima facie evidence of the attendance and absence of pupils." 2. Sub-section one of section 18 of said Act, is amended by striking out the words "not exceeding two years," in the seventeenth line thereof, and substituting therefor the words "not less than one year, and not exceeding three years." 3. Sub-section seven of section 18 of said Act, is amended by striking out the word "six" in the fourth line thereof, and substituting therefor the word "three." Habitual truants. 4. Section 17 of said Act is struck out and the following substituted therefor: "17. Any child known to the police, truant officer, or officers of the board, to be begging or wandering in the streets of the city, and found not to be attending any school or engaged in any proper employment during regular school hours, shall be deemed to be and shall be dealt with as an habitual truant; and any child, whose parent or guardian having received notice to appear before the executive committee of the board for failure to comply with section seven of this Act and who thereafter fails to send the child to school as required by this Act for five or more days, not necessarily consecutive during any school term, shall be deemed to be and shall be dealt with as an habitual truant." CHAPTER 51. An Act in respect to a Consolidated Fund for the City of Be it enacted by the Governor, Council, and Assembly, as follows: 1. In this Act the expression "the city" means the city nterpretation. of Halifax. The expressions "the mayor," "the city council," "the treasurer," and "the city clerk" mean respectively the mayor, the council, the treasurer, and the clerk of the city of Halifax. fund. 2. There shall be established for the city a consolidated Consolidated fund to be known as "The city of Halifax consolidated fund, 1905," which shall consist of stock or debentures as hereinafter specified, not exceeding in the whole the sum of three million dollars, together with any additional amount to be hereafter added thereto as hereinafter provided. issued. 3. The said stock and debentures to the extent of the Stock to be said sum of three million dollars shall be issued and applied, (a) To pay off the stock and debentures of the city heretofore issued and now outstanding, as they respectively fall due or as they are called in by the city as provided by law, and, (b) For the purposes specified in the Acts of the Legislature mentioned in the schedule to this Act, anything in the said Acts to the contrary notwithstanding, and to no other purpose whatever. They shall constitute a lien and charge upon the property, real and personal, and the revenue of the city, and shall not be liable to be assessed for any city rates or taxes. 4. The said stock and debentures may be issued from time to time (a) in such amounts, and (b) with such rate of interest, not exceeding five per cent., and (c) redeemable at such periods as the city council from time to time determines. 5. Certificates entitling the holders thereof to a share of the said stock may be issued by the treasurer of the city. Each such certificate shall be for the sum of one hundred dollars or some multiple of one hundred dollars, and shall be signed by the mayor and treasurer and sealed with the city seal and countersigned by the city clerk, and may be in the form "A" in the schedule to this Act. 6. The debentures shall be for the sum of one thousand dollars each, and shall be signed and sealed in the manner herein before described in respect to certificates of stock, and may be in the form "B" in the schedule to this Act. 7. (1) The city treasurer shall engross in a book to be kept for that purpose the holder of any share in the said consolidated stock, and any transfer of any such share shall be made in the office of the treasurer. Upon any such transfer the certificate in respect to the stock shall be delivered to the treasurer to be by him cancelled, and a new certificate shall be issued to the new holder of the share. If part only of the stock held by any person is transferred, the certificate for the whole of the stock held by him shall be cancelled and a new certificate issued to himself and the transferee. |