Chapter 244. To amend an Act entitled “An Act to authorize the incorporated town of Petersburg, Alaska, to issue bonds in any sum not exceeding $75,000 for the purpose of constructing and installing a municipal electric light and power plant and for the construction of a public-school building,” approved Septemb
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CHAP. 244.— An Act To amend an Act entitled “An Act to authorize the incorporated town of Petersburg, Alaska, to issue bonds in any sum not exceeding $75,000 for the purpose of constructing and installing a municipal electric light and power plant and for the construction of a public-school building,” approved September 29, 1919. June 5, 1920. [[S. 4286](/us/bill/66/s/4286).] [[Public, No. 255](/us/pl/66/255).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * Petersburg, Alaska.*Ante*, p. 289, amended.
That section 1 of the Act entitled 1 ‘An Act to authorize the incorporated towm of Petersburg, Alaska, to issue bonds in any sum not exceeding $75,000 for the purpose of constructing and installing a municipal electric light and power plant and for the construction of a public-school building,” be, and the same is hereby, amended to read as follows: " “Section 1. That the incorporated town of Petersburg, Alaska,May issue bonds for public improvements. is hereby authorized and empowered to issue bonds in any sum not exceeding $150,000 for the purpose of constructing and installing aAmount increased. municipal electric light and power plant and for the construction of a public-school building.
” " Sec. 2. That section 5 of the Act mentioned in the preceding*Ante*, p. 290, amended. section is hereby amended to read as follows: " “Sec. 5. That no part of the funds arising from the sale of saidUse of funds restricted. bonds shall be used for any purpose other than specified in this Act. Said bonds shall be sold only in such amounts as the common council shall direct, and the proceeds thereof shall be disbursed for the purposes hereinbefore mentioned and under the order and direction of said common council from time to time as the same may be required for said purposes: *Provided, *That not to exceed $115,000 of the*Proviso.*Divisions of proceeds modified. proceeds of the sale of said bonds shall be expended for the construction and installation of the electric light and power plant, and not to exceed $35,000 thereof shall be expended for the construction of the public-school building.
” " Approved, June 5, 1920.