Michigan relating to said issue of bonds be and the same This act is ordered to take immediate effect. Proceedings of council legalized. May issue bonds, amount, interest, etc. Proviso. [No. 247.] AN ACT to legalize certain proceedings of the city council of the city of Traverse city, and authorizing said council to issue the bonds of said city to the amount of twenty-five thousand dollars, for the purpose of extending and improving its water-works plant. The People of the State of Michigan enact: SECTION 1. That the proceedings of the city council of the city of Traverse City, Michigan, taken on August sixth, nineteen hundred, and August thirteenth, nineteen hundred, providing for the calling of an election to be held on August twenty-fourth, nineteen hundred, for the purpose of submitting to a vote of the tax-paying electors of said city the question of borrowing the sum of twenty-five thousand dollars, to be used and expended by said city in extending and im proving the water-works plant, owned by said city, and the proceedings of said city council had on September third, nineteen hundred, providing for the issue of bonds pursuant to said election, are hereby legalized. SEC. 2. That the city council of said city is hereby authorized and empowered, pursuant to the said special election held in said city on August twenty-fourth, nineteen hundred, to issue regular coupon bonds of said city to the amount of twenty-five thousand dollars for the purpose of extending and improving the present water-works plant of said city. Said bonds shall be of the denomination of one thousand dollars or five hundred dollars; shall bear date of November first, nineteen hundred, shall become due and payable absolutely thirty years after date, but redeemable at the option of said city, on any interest date, before said date of absolute maturity, after the expiration of twenty years from their date; Provided, Said city shall give sixty days' prior notice of its intention to redeem any of said bonds, by publication at least four times in a newspaper published therein, and also in a financial newspaper published in the city, and state of New York. Said bonds shall bear interest Rate per cent. from their date, until paid, at the rate of four per centum per annum, payable semi-annually, which interest payments shall be evidenced by proper coupons attached to each bond, and both principal and interest shall be payable in lawful money of the United States, at the office of the city treasurer of said city. SEC. 3. That after said bonds are issued, the city council Tax levy for of said city shall annually levy and cause to be collected a payment of. direct. annual tax on all the taxable property in said city, in addition to all other city taxes, sufficient in amount to pay the interest on said bonds when and as the same matures, and also to establish and maintain a sinking fund, which shall be sufficient to liquidate the principal of said bonds at maturity. This act is ordered to take immediate effect. [No. 248.] AN ACT to enable the board of supervisors of Houghton county to construct and maintain a bridge across Sturgeon river, in the township of Portage, county of Houghton. The People of the State of Michigan enact: maintain SECTION 1. The board of supervisors of the county of May build and Houghton is hereby authorized and empowered to build and bridge." maintain a bridge across Sturgeon river, in the township of Portage, in the county of Houghton, and to expend therefor any moneys in the county treasury not otherwise appropriated, not to exceed the sum of one thousand dollars. Approved January 22, 1901. May mortgage or sell certain property. [No. 249.] AN ACT to empower and authorize the trustees of the Peter White public library of the city of Marquette to mortgage or sell certain real estate, held in trust by said trustees for said library, for the purpose of raising money to aid in the erection of a suitable library building in said city, upon lands donated to said trustees in trust for said library as a building site. The People of the State of Michigan enact: SECTION 1. That the trustees of the Peter White public library of the city of Marquette be and the same are hereby empowered and authorized to mortgage or sell, by proper conveyance, the library building and premises held in trust by said trustees for said library, and situated on the north side of Washington street in said city of Marquette, for the purpose of raising money to aid in the erection of a suitable library building upon lands situated on Front street in said city, and free from incumbrance, which were donated to said trustees in trust for said library, as a building site. This act is ordered to take immediate effect. Approved January 22, 1901. May borrow money. [No. 250.] AN ACT to authorize the board of trustees of school district number one of the city of Ishpeming to borrow money for the funding of floating indebtedness incurred on account of necessary construction of school buildings and for extraordinary expenses and to issue bonds therefor. The People of the State of Michigan enact: SECTION 1. That the board of trustees of school district number one of the city of Ishpeming, Marquette county, shall have the power and is hereby authorized during the year one thousand nine hundred and one to raise by loan such sum not exceeding forty-five thousand dollars, as said board shall deem requisite and necessary to be used to fund the indebtedness of said school district, which shall be outstanding on January first one thousand nine hundred and one, incurred for the construction of necessary school buildings and for extraordinary expenses, and being in excess of its bonded indebtedness now authorized by law, and to secure said loan by the bonds of said school district, payable at such times not less than five years and not more than fifteen years after date thereof, and with such rate of interest not exceed ing five per centum per annum, as said board shall determine, which money shall be paid into the treasury of said school district to be used for the purpose aforesaid. issued. SEC. 2. A portion of said bonds may, in the discretion of Bonds, how said board, be issued under the terms of the authority granted by the voters said school district at a special election held on the twenty-seventh day of May, A. D. eighteen hundred ninety-nine, and in accordance with resolutions of said board of trustees to carry into effect the said vote, which are hereby legalized and confirmed for the purpose of this act, and if such portion of bonds be so issued, the same may refer to the authority derived from the vote at said special election and the resolutions of said board of trustees to carry the same into effect, as sufficient authority for the issuance thereof, and in such case, all remaining bonds authorized by this act may be issued in a separate series and refer to this act as the authority therefor. Provided, This act shall Proviso. not be construed as continuing authority for any further or additional issue of bonds by said board of trustees or said school district in any subsequent years, or to replace any of the bonds herein authorized. This act is ordered to take immediate effect. [No. 251.] AN ACT to detach certain territory from the village of Muskegon Heights, county of Muskegon, and attach the said territory to the township of Norton in said county, and to repeal act number three hundred sixty-four of the local acts of eighteen hundred ninety-nine, and all acts or parts of acts inconsistent herewith. The People of the State of Michigan enact: detached. SECTION 1. That the following pieces of land in the county Territory of Muskegon and State of Michigan, bounded and described as herein set forth, is hereby detached from, and shall cease to be a part of the village of Muskegon Heights in the county of Muskegon, and is hereby attached to and shall here. after become and be a part of the township of Norton in the county of Muskegon. Said pieces of land are described as follows: The east one-half of section nine, township nine north of range sixteen west; and lot three of section nine, township nine north range sixteen west; Act repealed. and lots five, six and seven of section eight, township nine north range sixteen west, and all that fractional part of the southeast quarter of the southwest quarter of section seven, lying south of Mona lake in town nine north of range sixteen west, all in said county of Muskegon, Michigan. SEC. 2. Act number three hundred sixty-four of the local acts of eighteen hundred ninety-nine, and all other acts or parts of acts inconsistent with the provisions of this act are hereby repealed. This act is ordered to take immediate effect. Name changed. [No. 252.] AN ACT to change the name of Carlton M. Oothoudt to The People of the State of Michigan enact: SECTION 1. That the name of Carlton M. Oothoudt, of the township of Hanover, county of Jackson, and State of Michigan, be and is hereby changed to Carlton M. Dodge. This act is ordered to take immediate effect. Name changed. [No. 253.] AN ACT to change the name of Hubert Clark to Hubert The People of the State of Michigan enact: SECTION 1. That the name of Hubert Clark, of Tekonsha, Calhoun county, Michigan, be and the same is hereby changed to Hubert Teller. This act is ordered to take immediate effect. |