Chapter 1817. To amend an Act to prohibit the passage of special or local laws in the Territories, to limit the Territorial indebtedness, and for other purposes
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CHAP. 1817.— An Act To amend an Act to prohibit the passage of special or local laws in the Territories, to limit the Territorial indebtedness, and for other purposes. April 28, 1904.[[H. R. 11122](/us/bill/33/hr/11122).][[Public, No. 249](/us/pl/33/249).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Act of CongressOklahoma Territory.Issuance of school bonds.Vol. 24, p. 171.Vol. 32, p. 392. amended. approved July thirteenth, eighteen hundred and eighty-six, *Proviso*.Election.and the Act of Congress approved June nineteenth, nineteen hundred and two, entitled “An Act to prohibit the passage of local or special laws in the Territories of the United States, to limit Territorial indebtedness, and 566for other purposes.” is hereby amended so as to authorize the issuance of bonds by school districts in Oklahoma Territory having a bona fide population of not less than five thousand persons for erecting necessary school buildings and purchasing the ground for same.
The limitations of said Act of July thirteenth, eighteen hundred and eighty- six. shall not apply to such school districts: *Provided, *That before any bond shall he issued the mayor and common council of the municipal corporation composing in whole or in part such school district shall cause, an election to be held in such district, and said mayor and common council shall cause to be published in a newspaper of general Notification.circulation published in said district a notice of the time and place or places of holding such election.
Such notice shall be. given at least Qualified voters.thirty days before such election. On the Question of the issuance of said bonds, no person shall be qualified to vote unless he be in all respects a qualified elector and owner of real or personal property Two-thirds vote required.subject to taxation within the school district. In case two-thirds of the qualified voters as above described shall vote affirmatively for the issuance of said bonds, then the mayor and common council shall certify the result to the board of education, and said board shall issue Sinking fund.the same, and not otherwise.
Said bonds shall contain all necessary provisions as to form, and such school district shall provide a proper Interest Increased.sinking fund for the redemption of said bonds. Said bonds shall not bear a rate of interest exceeding six per centum, and the interest shall be paid semiannually, and none of the said bonds shall be sold at less Maximum issue.than their par value: *Provided further, *That no school district under this Act. shall issue bonds in excess of six per centum of the valuation according to the last preceding assessment of the school district issuing the same.
Approved, April 28, 1904. Amending an Act approved March third, nineteen hundred and one, entitled “An Act to provide for celebrating the one hundredth anniversary of the purchase of the Louisiana Territory by the United States, by holding an international exhibition of arts, industries, manufactures, and the products of the soil, mine, forest, and sea, in the city of Saint Louis, in the State of Missouri.” Chapter 1818 33 Stat. 566 1904-04-28 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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Chapter 1817
To amend an Act to prohibit the passage of special or local laws in the Territories, to limit the Territorial indebtedness, and for other purposes
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