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Duties of city officers rela

tive to auctions.

Treasurer to give receipt.

Repealing clause.

Proviso.

TITLE V.

SEC. 34. The city treasurer or his deputy shall attend said sale and act as auctioneer. Said auctioneer shall sell all lots or parcels of real estate so advertised upon which such assessments and costs remain unpaid at the time of selling. The city treasurer shall attend said sale and enter in the book provided for that purpose a description of the real estate sold, the name of the purchaser and the amount of his bid, and shall make out and deliver to such purchaser a certificate containing a description of the real estate purchased by him, the amount of the assessment due, and the amount of the costs due, each separately, and the amount of his bid; which certificate shall contain a statement that said purchaser will be entitled to a deed of the real estate described therein at the expiration of one year from such sale, unless the same shall sooner be redeemed. The city treasurer shall receive any assessment, percentage and costs due, at any time before the sale of the real estate upon which the same was assessed and pay the same into the city treasury. The costs, if paid before sale, shall be twenty-five cents on each parcel so paid, the cost of advertising and the fees for collection prescribed in said roll.

TITLE VIII.

SEC. 30. Whenever any payment is made to the city treasurer either for taxes or for the redemption of any real estate sold for taxes, he shall give a receipt therefor to the person making such payment and keep a record thereof in some suitable manner in his own office, to be kept as a part of the official records of his office.

SEC. 2. All acts or parts of acts contravening or inconsistent with this act are hereby repealed: Provided. That all liens that may have attached to any real estate under former acts may be enforced hereunder.

This act is ordered to take immediate effect.
Approved June 9, 1903.

[No. 517.]

AN ACT to detach certain territory from the Union School District of the township of Millen, in the county of Alcona, and to detach certain territory from the Union School District of the township of Hawes, in the county of Alcona, and to organize a fractional union school district in said townships to be known as "The Fractional Union School District of the Townships of Millen and Hawes," in the county of Al

cona.

The People of the State of Michigan enact:

contain.

SECTION 1. Sections five, six, seven, eight and the west one- Territory to half of sections nine and sixteen in township twenty-six, north of range seven east, are hereby detached from the union school district of the township of Millen, in the county of Alcona, and sections nineteen, twenty, twenty-one, twenty-two, twentythree, twenty-four, twenty-five, twenty-six, twenty-seven, thirtythree, thirty-four, thirty-five and thirty-six in town twentyseven north of range seven east, are hereby detached from the union school district of the township of Hawes, in the county of Alcona, and that sections five, six, seven and eight and the west one-half of sections nine and sixteen in township twentysix, north of range seven east, and sections nineteen, twenty, twenty-one, twenty-two, twenty-three, twenty-four, twenty-five, twenty-six, twenty-seven, twenty-eight, twenty-nine, thirty, thirty-one, thirty-two, thirty-three, thirty-four, thirty-five and thirty-six in township twenty-seven, north of range seven east, are hereby formed, organized and incorporated into and shall constitute one fractional union school district, which shall be a body corporate, and be known by the name and style of "The Name, powFractional Union School District of the Townships of Millen district. and Hawes," in the county of Alcona, and by that name may sue and be sued, and shall be subject to the general laws of this State relative to corporations so far as the same may be applicable and such district shall have all the powers and privileges conferred upon school districts by the general laws of this State, and all general provisions of law relating to common or primary schools shall apply and be enforced in said district, and of fractional school districts, except as shall be inconsistent with the provisions of this act. The officers of said district shall be five trustees, elected by the voters of said district, and shall be known as the board of education who shall have all the powers of the district school board of a graded school, and elect their officers in the same manner.

ers, etc., of

when and

SEC. 2. The annual meeting of said district shall be held First meeting, on the second Monday in July each year, at the hour of holding where held. the annual meeting of a primary school. The first meeting to be held after this act takes effect shall be held at such place and at such hour as the district school board of the fractional school district number two of Millen and Hawes may designate, and the director of said district school board of Millen and

Who to be elected at.

Compensation.

District to have certain rights, etc.

Hawes, fractional, number two, shall give notice of said meeting by posting notices of the same in three of the most conspicuous places in said territory at least eight days previous to said meeting. The district board of fractional school district number two of Millen and, Hawes shall be the inspectors of said election at said first meeting and shall canvass the vote and declare the result thereof. At said first meeting there shall be elected five trustees by ballot, one to serve for the term of one year, one for the term of two years, one for the term of three years, one for the term of four years, one for the term of five years. At subsequent annual meetings a trustee for five years shall be elected. Such officers of said board shall receive such compensation as the voters of said district shall vote, and no other compensation shall be allowed. In the absence of the director of said board those present may select one of their own number to act in his place. The officers of said board shall consist of the same officers as are applicable to the graded school laws and shall be under the same laws except such as shall be inconsistent with this act.

SEC. 3. The fractional union school district of the townships of Millen and Hawes shall succeed to all the rights, property and effects of the school districts within said territory and all delinquent taxes for schools in said territory. This act is ordered to take immediate effect. Approved June 9, 1903.

Bondholder to pay cost of exchange.

Registered bonds, how signed.

[No. 518.]

AN ACT to authorize the board of auditors of the county of Wayne to issue registered bonds of said county in exchange for any coupon bonds of said county outstanding, to prescribe the method by which said registered bonds shall be transferred and the interest thereon paid, and to provide relief in cases of lost or destroyed registered bonds.

The People of the State of Michigan enact:

SECTION 1. On the demand of the owner of any coupon bonds of the county of Wayne heretofore or hereafter issued, the board of auditors of said county shall prepare and issue to such owner registered bonds of said county in lieu of the coupon bonds offered for exchange, for which exchange said owner may be required to pay a reasonable compensation to cover the expense thereof. The bonds so issued shall be of the same denomination or multiples thereof, bear the same rate of interest, and be payable at the same time and in the same manner both as to interest and principal as the coupon bonds for which they were exchanged.

SEC. 2. All registered bonds shall be signed by the board of county auditors, duly attested by the county clerk, and shall contain a certificate signed by the chairman of the board of

to be kept.

transferred.

auditors and the county treasurer that the old bonds in place of which the new bonds are issued have been duly canceled by them, and the old bonds so canceled shall be filed in the same manner as is provided for bonds redeemed. A book shall be Record of, kept in each of the offices of the auditors and the county treasurer in which shall be entered the date, number, series, denomination, and owner of all registered bonds, and the number and series of the coupon bonds for which exchange, if any, and of all payments of interest thereon, and the interest and principal of registered bonds shall when due be paid to the order of the person, corporation or firm who appears by such books to be the owner thereof. Such registered bonds may be May be transferred on said books, for which purpose there shall be printed form on the back of said bonds together with directions to be followed in the execution of such transfers by the owner in person, or by a person authorized to do so by power of attorney, resolution or otherwise, or by the presentation of duly authenticated letters of administration. The auditors shall have authority to determine in what manner transfers shall be executed and before whom acknowledgments thereof shall be taken, and to require documentary evidence of the authority of the person or persons executing the transfer so to do, and of the official character of the acknowledging officer. All such evidence of authority shall be filed and carefully preserved in their office by the said board of auditors. A bond may be assigned for division among two or more parties, their names and the amount to each being stated in the assignment. When only part of a bond is assigned, a new issue for the remainder shall be made to the former payee of the whole bond: Pro- Proviso. vided, however, That the amount assigned must correspond with one or more of the denominations in which the bonds were originally issued.

SEC. 3. It shall be the duty of the auditors to procure from Interest, how the county treasurer and transmit by mail, unless otherwise paid. directed by the owner, to each owner of registered bonds of the county of Wayne, at his last known postoffice address, a draft or check payable at par at the place where the original coupons were payable, for the amount of interest due thereon. Documentary evidence of authority for the indorsement of interest checks or drafts by power of attorney or otherwise may be required by the auditors, and the same shall be filed and preserved by them.

cate bonds

SEC. 4. Whenever it has been proven to the satisfaction of When duplithe board of auditors, the county treasurer and the county may be issued.. clerk that any duly registered bond of the county of Wayne, issued for a valuable consideration in pursuance of law, has been lost or destroyed, so that the same is not held by any person as his own property, they shall issue a duplicate of such registered bond of like amount and bearing like interest and marked in like manner as the bond so proved to be lost and destroyed: Provided, however, That the owner of such miss- Proviso. ing bond shall first file with the county clerk a bond in a penal sum equal to twice the amount of such missing bond and the

interest due or to become due thereon, executed by some surety
company, to be approved by the board of auditors, with condi-
tion to indemnify and save harmless the county of Wayne from
any claim because of the lost or destroyed bond.

This act is ordered to take immediate effect.
Approved June 9, 1903.

Bonds exempt from taxation.

[No. 519.]

AN ACT exempting certain bonds issued by the city of Adrian, Michigan, for paving and sewer purposes, from taxation.

The People of the State of Michigan. enact:

SECTION 1. The bonds, to the amount of fifty thousand dollars, bearing interest at the rate of three per cent per annum, and payable in five, ten, fifteen, twenty and twenty-five years, issued and to be issued by the city of Adrian, Michigan, for paving and sewer purposes, as voted by the electors of said city, at a special election held therein for that purpose, on the first day of July, nineteen hundred one, are hereby exempted from city taxation.

This act is ordered to take immediate effect.
Approved June 9, 1903.

Council may provide for park.

[No. 520.]

AN ACT to provide for the location and establishment of a public park in the village of Mackinaw City, in the county of Cheboygan, and to provide for the transfer of certain lands by the village of Mackinaw City to the State of Michigan therefor.

The People of the State of Michigan enact:

SECTION 1. The village council of the village of Mackinaw City, in Cheboygan county, is hereby authorized and empowered to provide for the location and establishment of a public park in said village, and to transfer by deed, the site formerly occupied as a military post under the name of Fort Michilimackinac, in the village of Mackinaw City, in Cheboygan county, to the State of Michigan, in trust, for the purpose of erecting thereon a monument in commemoration of the massacre of the entire garrison stationed at said Fort Michilimackinac by the Indians, in the year A. D. seventeen hundred sixty-three. This act is ordered to take immediate effect. Approved June 9, 1903.

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