Town council authorized to borrow.

Money borrowed

to be charge on. property and revenues of town.

Debentures, how issued and payable.

in form of

the town council of the said town was, by motion unamiously passed, authorized to make application to the provincial legislature for authority to borrow ten thousand dollars for the extension of the water service to the northern town limits and to provide an additional boiler for pump, and a coal shed,

Therefore, be it enacted by the Governor, Council, and Assembly, as follows:

1. The council of the town of Stellarton is hereby authorized to borrow a sum not exceeding ten thousand dollars, for the purpose of extending the water service of the town to its northern limits, and providing an additional boiler for the service

2. The money required for the purposes of this Act shall be borrowed on the credit of the town, and the principal sums and interest thereon shall be a charge upon the property, funds and revenue of the town.

3. Debentures may be issued for said sums, and the principal moneys and interest of such debentures shall be payable to the respective holders thereof at the town office in the town of Stellarton.

Debentures to be 4. The said debentures shall be in the form in the schedule to Act. Schedule to this Act, shall be numbered consecutively from one upwards, shall be issued for sums not exceeding one thousand dollars; hall bear interest at a rate not to exceed four and a half per cent. per annum, payable half-yearly ; shall be redeemable in thirty years from the date thereof; and shall be issued by being signed by the mayor and town. clerk, and sealed with the corporate seal of the town.

Interest, how

ed, &c.

5. The interest on said debentures shall be rated, levied rated and collect and collected by the council at the times and in the manner provided for assessments and rates by "The Assessment Act" and "The Towns' Incorporation Act," and amendments heretofore and hereafter made thereto.

Money borrow.

6. The money borrowed under the authority of this Act ed, how paid out. shall be paid into the hands of the treasurer of the said town, and shall be by him paid out as the town council thereof shall determine for the purposes mentioned in the first section of this Act, and for no other purpose.

7. (1) In order to provide a sinking fund for the payment of the debentures authorized to be issued under this Act, the town council shall annually include in the estimates of the sums required for the purposes of the said town, such sum as may by resolution be determined by the town council, not however to be less than two per cent. of the amount borrowed under the provisions of this Act, and such sum shall be rated and collected in the same manner and with the same remedies as other rates and taxes in said town are rated and collected.

(2) Such sums, when collected, shall be deposited in some chartered bank in the province of Nova Scotia, to the credit of an account to be called Town of Stellarton Water Service Sinking Fund Account," on deposit, bearing interest, and such sums shall be used for payment of the debentures issued under the provisions of this Act, and for no other purpose.

(3) Any member of the said town council who shall move, second, put or support by his vote any motion, resolution or proposal under or in pursuance of which any portion or the whole of the moneys borrowed under the provisions of this Act, or directed by this Act to be held as a sinking fund, shall be diverted to any other object, shall forfeit his seat in the council, and shall be liable to a penalty of four hundred dollars, to be collected at the instance of any ratepayer who may sue therefor, and onehalf of said penalty shall be for the benefit of the person so prosecuting, and the other half shall be paid into the treasury of the said town.

Sinking fund.

Issued under authority of an Act of the legislature of Nova Scotia, 1st Edward VII., chapter 123, of the Acts of

1901.

The town of Stellarton, in the county of Pictou, and province of Nova Scotia, will pay to the bearer hereof at the office of the town clerk, Stellarton, the sum of...... dollars in thirty years from the date hereof, and interest

for the same at the rate of ...

per centum per annum,

payable half-yearly, on presentation of the proper coupon

hereto annexed.

Provisions re

districts Nos. 4 and 8 in the county of Queens.

CHAPTER 124.

An Act for Dividing Polling Sections Number 4 and
Number 8 in the County of Queens for Purposes
of the Nova Scotia Election Act.

SECTION 1.

(Passed the 4th day of April, A. D., 1901).

Provisions respecting polling districts Nos. 4 and 8 in the County of Queens.

Be it enacted by the Governor, Council, and Assembly, as follows:

1. Nothwithstanding that polling districts number 4 specting polling and number 8 in the county of Queens have or comprise less than three hundred voters each, the said polling districts shall be considered and deemed for all purposes of The Nova Scotia Election Act as if the sheriff of said county of Queens had divided the said districts each into two polling divisions as provided by section 3 of The Nova Scotia Election Act; the western division of said district number 4 to comprise all that part of said district number 4 lying west of a line drawn on the true meridian north and south through a point one hundred feet east o

Lewis Robertson's dwelling house, known as the Mountain
House; and the eastern division of said district number 8
to comprise all that part of said district number 8 known as
East Port Medway, and lying on the eastern side of Port
Medway harbor.

CHAPTER 125.

An Act to enable the Town of Liverpool to Borrow Money for Acquiring a Public Square and Erecting a

Town Building.

Whereas, pursuant to public notice, legally given, a Recitals. meeting of the ratepayers of the town of Liverpool was convened at said town on the first day of October, 1899;

And whereas, a vote of the ratepayers present having been legally taken, the following resolution was passed and approved at said meeting by a majority of said rate

payers:

"Resolved, that this meeting approves the expenditure by the town of Liverpool of the sum of fourteen thousand dollars, for the purchase or acquiring of a public square for said town, and the erection thereon of a town building, to contain the town clerk's office, the police office, and for other town purposes, and such purposes as the town council may from time to time determine ";

Be it enacted by the Governor, Council, and Assembly, as follows:

pool authorized to borrow.

1. The town of Liverpool is hereby authorized to borrow Town of Liverupon the credit of this Act, and of the said town, a sum not exceeding fourteen thousand dollars in the whole, for the purpose of defraying the expenditure, whether already made or to be made, for acquiring a public square for said town, and for the purpose of erecting a town building for

Town authorized to issue debentures.

Debentures, how
issued and
sealed, &c.

Provision for

payment of

interest.

said town, to contain the town clerk's office, the police office, and for such other town purposes, and other purposes, as the town council of said town may determine.

2. For the purpose of effecting the said loan, the said town is hereby empowered, from time to time, or at any one time, as the said council may deem expedient, to make and issue the town's debentures for the amount, in the whole, of such loan, in the form specified in schedule “A” to this Act, bearing interest at such rate as the said council may deem expedient, not exceeding four per centum per annum, payable half yearly, each of such debentures to be redeemable at a period or periods not exceeding thirty years from the issue thereof.

3. Such debentures shall be for the sum of one hundred dollars each, or for multiples of one hundred dollars, or for such amount as the said town council shall or may by resolution determine, and shall be signed by the mayor and town clerk, and sealed with the corporate seal of the said

town.

4. The said town council shall annually add to the debentures and amount to be rated and levied on the real and personal property within the town, for general purposes, a sum sufficient to pay the annual interest upon said debentures, including any deficiency from any previous year, and shall collect the same along with the other annual assessment; and the said town council shall also provide for the principal of said or of any of said debentures as they mature, by adding either annually or otherwise a sum or sums sufficient therefor to the amount to be rated and levied upon the real and personal property within the town for general purposes, or otherwise, or make such provision, and at such time or times, for payment of such principal as the said council may by resolution determine.

Meeting of ratepayers not required.

5. Inasmuch as the ratepayers of the said town have in the manner by law provided already approved the expenditure by the said town of the said sum of fourteen thousand dollars for the purposes in this Act mentioned and provided for, it shall not be necessary to convene any further meeting of said retepayers, either under the provisions of this Act or under the Towns' Incorporation Act, or any amendment thereto, as a condition precedent to the issuing of the said debentures or the doing of any matter or thing by this Act authorized.