Preamble. CHAPTER 134. An Act to enable the Municipality of the County of Queens- Whereas, the Municipal Council of the municipality of the county of Queens, by resolution passed at a special meeting on November 13th, 1906, resolved "that the municipal district of the county of Queens aid in the reconstruction of the Liverpool and Milton Railway Company, Limited, by the granting of a free right-of-way or land damages for the said Liverpool and Milton Railway Company, upon approval by the Governor-in-Council of plans. of the route and location;" And whereas, the said Municipal Council, by resolution. passed on January 16th, 1907, instructed that an Act should be prepared "providing for the borrowing, by municipality of the county of Queens, money required for payments for land taken, or to be taken, for track and station purposes for the Liverpool and Milton Railway, whether such damages shall be ascertained by agreement between the county and the land owners, or by arbitration or otherwise; and also to authorize the county to pay James L. Simpson the sum of $25.00; James Broom, $20.00, and R. H. Gardner, $250.00 land damages for Halifax and South Western Railway, the amount to be borrowed for the above mentioned requirements, not to exceed $8,000;" And whereas, lands have been taken, or are in process of being, or are about to be taken, by the Liverpool and Milton Railway Company, Limited, for the purposes of said reconstruction, and plans of the course and direction of said Liverpool and Milton Railway, and of the lands intended to be passed over and taken therefor, and for the purpose of said reconstruction of said railway within said municipality, have been duly certified, approved and deposited, and further plans of the course, or further course, of such railway reconstruction are proposed or may be certified, -approved and deposited; Be it therefore enacted by the Governor, Council, and Assembly, as follows: chargeable, 1. The compensation for all the lands that have been Damages, how taken, or are being, or are about to be taken by the Liverpool and Milton Railway Company, Limited, for track and station purposes within the municipality of the county of Queens in accordance with said, or any of said plans, or any duly authorized alteration thereof, and the money to pay said sums of $25.00, $20.00 and $250.00 respectively, shall form a charge on said municipality to an amount not exceeding in the whole $8,000. borrow. 2. The municipality of the county of Queens is author- Power to ized to borrow on the credit of the municipality and on all the property situate therein, such sum or sums of money, not exceeding in the whole, with said sums of $25.00, $20.00 and $250.00 respectively, eight thousand dollars, as is, or are, or shall be, required to pay for the lands within the said municipality, required and taken, or to be taken, by the Liverpool and Milton Railway Company, Limited, for track and station purposes, and to pay said sums of $25.00, $20.00 and $250.00. 3. The moneys so borrowed shall be secured by deben- Debentures. tures for the sum of one hundred dollars each, or for any multiple of one hundred dollars, which debentures and all moneys so borrowed shall be subject to the provisions of "The Municipal Debentures Act, 1902," and amendments thereto, so far as the same are consistent with this Act. 4. Every debenture shall bear interest at a rate not ex- Rate of interest. ceeding. five per centum per annum, and shall be redeemable in thirty years from the date of issue thereof. paid. 5. All money borrowed under this Act shall be paid Money, to whom into the Municipal Treasurer, and shall be applied solely for the payment for lands so required, and for the payment of said sums of $25.00, $20.00 and $250.00, respectively. provided. 6. The Municipal Council shall in each year, while said Interest, how debentures are outstanding, include in the estimates for the year a sum sufficient to pay the interest on such debentures for the current year, and such sum shall be assessed and collected as part of the annual or general assessment. Sinking fund. 7. The Municipal Council shall in each year, while said debentures are outstanding, include in the estimates for the year such sum as the Council by resolution may determine, but not in any case less than one per centum of the amount borrowed under this Act, and such sum shall be rated and collected as a part of the annual assessment. All such sums, when so collected, shall be deposited by the Municipal Treasurer in some chartered bank in Nova Scotia to the credit of an account to be called the "Queens Municipality Railway Damages Sinking Fund Account, of 1907," and shall, with the interest thereon, be used for payment of the debentures issued under this Act, and for no other purpose. Name changed, CHAPTER 135. An Act to change the name of a Settlement in the County of Richmond. (Passed the 28th day of March, A. D., 1907.) Be it enacted by the Governor, Council, and Assembly, as follows: 1. The settlement heretofore called "Rear of Black River," in the county of Richmond, shall hereafter be designated by the name "Brookdale." CHAPTER 136. An Act to authorize the Municipality of Barrington to borrow Money for the Redemption of Local Improvement Debentures and prescribing the manner Be it enacted by the Governor, Council, and Assembly, as follows: borrow. 1. The municipality of Barrington is hereby authorized Power to and empowered to borrow a sum not exceeding three thousand dollars to pay the balance due on its Local Improvement Debentures, Nos. 1 and 2. 2. All moneys so borrowed shall be secured by deben- Debentures Act. tures signed by the Warden and countersigned by the Clerk of the Municipality, and sealed with the seal of the municipality, and shall be a charge upon the property and funds of the municipality and of the ratepayers thereof, situate within the said municipality, and shall, when not inconsistent with the provisions of this Act, be subject to the provisions of "The Municipal Debentures Act, 1902," and shall be used for payment of the said Local Improvement Debentures, and for no other purpose. 3. The said debentures shall be issued for sums of one Debentures. hundred dollars, or some multiple thereof, and shall bear interest at a rate not exceeding four per cent. per annum and shall be redeemable at a period not exceeding ten years from the date of issue thereof. paid. 4. The interest shall be paid by the Municipal Treasurer Interest, how out of the general revenue of the municipality on presentation of the interest coupons attached to the debentures. 5. and collected. The sum necessary to pay the interest on the said How assessed debentures, and also an amount required to provide for a sinking fund, not, however, to be more than ten per cent. nor less than three per cent. of the amount borrowed under the provisions of this Act, shall be included in the estimates for each year while the said debentures are outstanding by the Council of the said municipality, and shall be assessed and collected as a part of the annual assessment. Power to pur chase real estate. Power to borrow. To whom paid. How rated, Sinking fund. Be it enacted by the Governor, Council, and Assembly, as follows: 1. The town of Lockeport is hereby authorized and empowered to purchase real estate and buildings suitable for town hall, office or other purposes, and to provide suitable wharf accommodation for steamboats owned by the town, and to pay for such repairs as are necessary to buildings and wharf, at an expenditure not exceeding three thousand dollars. 2. The town of Lockeport is authorized and empowered to borrow on the credit of the said town a sum of money, not exceeding three thousand dollars, in debentures to be issued in sums of one hundred dollars, or any multiple thereof, at such time or times, bearing interest at a rate not exceeding five per centum per annum, and redeemable twenty years from the issue thereof. Such debentures shall form a lien upon, and be a charge against, the property liable to taxation within the town of Lockeport, and all the revenues of the town of Lockeport. 3. The moneys borrowed under the provisions of this Act shall be paid into the hands of the town treasurer of the town of Lockeport, and shall by him be paid out for the purpose mentioned in this Act, and for no other purpose. 4. The Town Council shall annually add to the amount to be rated and levied upon the real and personal property in said town, a sum sufficient to pay said interest and the expenses of collecting and disbursing the same, and shall. also provide for the payment of said debentures, as hereinafter mentioned. 5. In order to provide a sinking fund for the payment of the debentures authorized under this Act, the Town Council shall annually add to the general assessment to be |