Bonds may be issued, for what purpose. Made payable, when. CHAPTER LXXIII. NEOSHO, CHEROKEE, MONTGOMERY AND LA- AN ACT to authorize Neosho, Cherokee, Montgomery and Labette counties to issue bonds to pay their indebtedness. Be it enacted by the Legislature of the State of Kansas: SECTION 1. That the boards of commissioners of of Neosho, Cherokee, Montgomery and Labette counties, for the purpose of paying the floating indebtedness of said counties, be and are hereby authorized to issue bonds of said counties, not exceeding the amount of the outstanding indebtedness of said counties on the first day January, A. D. 1872, in sums of not less than twentyfive dollars each, which bonds shall have coupons attached, and shall draw interest at the rate of ten per cent. per annum, payable semi-annually. Each bond shall be signed by the chairman and clerk of the board of commissioners, and shall be countersigned by the treasurers of the said counties, and shall specify thereon to whom the same shall be made payable. SEC. 2. The bonds issued under the first section of this act shall be made payable to order on the first day of January, 1882; and the said boards of county commissioners shall levy annually such a per cent. on the taxable property of their respective counties as shall be sufficient to pay the interest on all bonds issued under the provisions of this act, as the same shall accrue; also, Create a sinking to levy and collect a tax sufficient to create a sinking fund for the final redemption of the principal of said bonds, which taxes, when paid into the treasury, shall Bonds taken up. be and remain a specific fund for said purpose only; and as fast as any money shall accumulate in the treasury for the redemption of said bonds, it shall be fund. the duty of the county treasurer of said county to apply the same to the taking up of said bonds in the order in which they may be presented by the holders thereof. may be converted SEC. 3. Any person holding county orders of said counties, bearing date prior to the first day of January, County orders 1872, who shall, at any meeting of the boards of com- into bonds. missioners, surrender the same to said board, (shall receive therefor a bond or bonds,) as aforesaid, which bond or bonds shall be for the amount of principal and accrued interest shown upon said orders, and the orders so surrendered shall by said boards be cancelled and destroyed; the clerks of said boards having made upon the journal a minute of the number, date, amount, to whom issued, when presented, and by whom and when surrendered: Provided, That nothing in this act shall Proviso. be construed so as to permit the board of county commissioners to bargain, sell, convey or dispose of any of the bonds provided for in this act, except in exchange for county orders or warrants issued previous to January 1, 1872. SEC. 4. The clerks of said boards of county commissioners of said counties are hereby authorized, and it is made the duty of the clerk of each of said counties to obtain blank bonds with suitable devices to prevent counterfeiting, and of such suitable material as they may deem proper for their said counties. registered. SEC. 5. It shall be the duty of the clerks of said boards to register in a book, to be provided for the pur- Bonds to be pose, the bonds issued under the provisions of this act, which said register shall show the date, number, amount and to whom is made payable each of said bonds. SEC. 6. The treasurers of said counties upon presen tation of the coupons for the interest of said bonds shall Interest coupons pay the same out of any moneys in the treasury for that purpose, and the coupons so paid shall be taken up and filed by said treasurers in their offices. SEC. 7. This act shall take effect and be in force from and after publication in the Oswego Register, Columbus Independent, Independence Republican and New Chicago Transcript. Approved February 17, 1872. I hereby certify that the foregoing is a true and correct copy of the original enrolled bill now on file in my office, and that the same was published in the Oswego · Register March 1, 1872; Columbus Independent February 24, 1872; Independence Republican February 24, 1872; New Chicago Transcript February 24, 1872. W. H. SMALLWOOD, CHAPTER LXXIV. USAGE COUNTY-SCHOOL DISTRICT NO. 64. AN ACT to authorize school district No. 64, of Osage county, Kansas, to issue addi tional bonds. Be it enacted by the Legislature of the State of Kansas: SECTION 1. That the board of directors of school dis- May issue bonds. trict No. 64, of the county of Osage, Kansas, for the purpose of completing the school house, which is now in process of erection in said district, are hereby authorized to issue bonds of the district, not to exceed in amount eleven hundred and fifty dollars additional to that which Amount. has been authorized by a vote of the district, in sums not less than one hundred dollars, which bonds shall draw interest from date at the rate of ten per cent. per annum, payable annually, and each bond shall be signed by the directors and countersigned by the clerk, and shall specify therein to whom the same shall be made payable. Payable, when. The aforesaid bonds may be made payable at any time within ten years from date, and may be negotiable by the said district board at not less than eighty-five cents on the dollar. SEC. 2. That the provisions of section four, five, six, seven, eight, nine and ten, of an act to enable school districts in the State of Kansas to issue bonds, and approved February 26, 1866, shall apply and be enforced by said district board of directors in the issuing of said bonds. SEC. 3. This act shall take effect and be in force from and after its publication in the Kansas Weekly Commonwealth. Approved February 24, 1872. I hereby certify that the foregoing is a true and correct copy of the original enrolled bill now on file in my office, and that the same was published in the Kansas Weeky Commonwealth February 29, 1872. W. H. SMALLWOOD, May subscribe stock. Bonds shall be issued. CHAPTER LXXV. MOUND CITY TOWNSHIP, LINN COUNTY. AN ACT to provide for issuing the bonds of Mound City township, Linn county. Be it enacted by the Legislature of the State of Kansas: SECTION 1. That the township officers of Mound City township, of Linn county, are hereby authorized to subscribe to the capital stock of the Mound City Woolen Manufacturing Company, not to exceed the sum of ten thousand dollars. SEC. 2. That bonds of the said township, payable in ten years from their date, bearing interest at the rate of ten per cent. per annum, payable annually, with interest coupons attached, shall be issued in payment of such subscription. SEC. 3. The township officers of said township, shall, Tax to pay inter- in connection with the board of county commissioners of Linn county, levy annually, sufficient tax to pay the inter est and create a sinking fund. est on the said bonds, and also levy sufficient tax annually to create a sinking fund for the redemption of the said bonds when they shall have become due. SEC. 4. That it shall be the duty of the township Duty of trustee. trustee of Mound City township to attend all meetings of the stockholders of said company, and act for the said township in such meetings, and in the management of the affairs of said company, and shall be entitled to votes in proportion to the amount of the stock of said township in said company, and shall be eligible to election as director in said company. SEC. 5. This act shall take effect and be in force from and after its publication once in the Border Sentinel. The foregoing bill having been presented to the Governor, and not having been approved by him or returned |