Chapter 35. To amend an Act to prohibit the passage of local or special laws in the Territories, to limit Territorial indebtedness, and so forth
479 words·~2 min read·
/statutes-at-large/vol-30/chapter-35-1235282·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 35.— An Act To amend an Act to prohibit the passage of local or special laws in the Territories, to limit Territorial indebtedness, and so forth. March 4, 1898. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * Territories.Vol. 24, p. 170.Municipal corporations may issue bonds for sanitary, etc., purposes. That the Act of Congress approved July thirtieth, eighteen hundred and eighty-six, entitled “An act to prohibit the passage of local or special laws in the Territories of the United States, to limit Territorial indebtedness, and for other purposes,” is hereby amended so as to permit, authorize, and legalize the issuance of bonds by chartered municipal corporations having a bona fide population of not less than one thousand persons, as shown by the last school census taken before any election to be held under the provisions of this Act, in any Territory of the United States, for sanitary and health purposes, the construction of sewers, waterworks, and the improvement of streets.
The limitations of said Act of July thirtieth, eighteen hundred and eighty-six, shall not apply to *Proviso.*Election to determine issuance of bonds.such municipal corporations: *Provided,* That before any bonds shall be issued the mayor and common council of said chartered municipal corporations shall cause an election to be held in such city or town, and the mayor and common council of such municipal corporation shall cause to be published, in a newspaper of general circulation published Notice of.in such city or town, a notice of the time and place or places of holding such election.
Such notice shall be given at least thirty days before Property qualification for voters.such election. On the question of the issuance of said bonds no person shall be qualified to vote except he be in all respects a qualified elector and owner of real or personal property subject to taxation within the municipality. In case two-thirds of the qualified voters, as above described, shall vote affirmatively for the issuance of said bonds, then FIFTY-FIFTH CONGRESS. Sess. II. Chs. 35, 37, 38. 1898. 253 the mayor and common council shall issue the same, and not otherwise.
Said bonds shall contain all necessary provisions as to form, and suchSinking fund. municipality shall provide a proper sinking fund for the redemption of said bonds. Said bonds shall not bear a rate of interest exceeding sixInterest. per centum per annum, and the interest shall be paid semiannually, and none of said bonds shall be sold at less than their par value. Sec. 2. That the act of the Territory of Arizona, approved the eighthArizona.Act authorizing issue of bonds for capitol building confirmed. day of March, eighteen hundred and ninety-seven, which authorizes the issuance of the bonds of the Territory for the construction of a capitol building, is hereby confirmed and ratified.
Approved, March 4, 1898.