[No. 64.] AN ACT to amend section eight of chapter six of act number two hundred fifty-four of the Public Acts of eighteen hundred ninety-seven, entitled "An act to provide for the construction and maintenance of drains, and the assessment and collection of taxes therefor, and to repeal all other laws relative thereto," being section four thousand nine hundred twenty-two of the Compiled Laws of nineteen hundred fifteen, as amended by act number one hundred forty-two of the Public Acts of nineteen hundred nineteen. The People of the State of Michigan enact: SECTION 1. Section eight of chapter six of act number two Section hundred fifty-four of the Public Acts of eighteen hundred amended. ninety-seven, entitled "An act to provide for the construction and maintenance of drains, and the assessment and collection of taxes therefor, and to repeal all other laws relative thereto," being section four thousand nine hundred twentytwo of the Compiled Laws of nineteen hundred fifteen, as amended by act number one hundred forty-two of the Public Acts of nineteen hundred nineteen, is hereby amended to read as follows: drawn. SEC. 8. All orders for the payment for services rendered Orders, how and work performed shall be drawn by the county drain commissioner upon the drain fund of each particular drain. In case of taxes assessed for benefits received which are to be paid in four annual installments or less, all orders for the payment for lands for right of way shall be paid on presentation out of the county treasury and for all other services rendered and incurred, except contracts for construction, shall be paid out of the first year's taxes, and the balance of such first year's taxes, if any, shall be applied pro rata among the several contractors in the payments of the contracts for the construction of such drain. For the balance due upon such contracts the county drain commissioner shall draw orders payable out of each succeeding year's assessment, pro rata among the several contractors: Provided, That no county Proviso. drain commissioner shall draw orders payable in any one year for a larger amount than said year's assessment, except in cases where bonds are issued and sold as provided by law. All drain orders shall be drawn payable on the first Drain orders, day of April of the year in which the drain taxes for the payment thereof are required to be paid. All orders not paid when due, by reason of delinquency, in the payment of such drain taxes, shall draw interest at the rate of six per centum per annum from the date of maturity, said interest to be computed by the county treasurer and to be paid with the when payable. Proviso, interest. Further proviso. Where bonds issued. principal out of the proper fund on which it was drawn, and out of no other fund, and such treasurer shall report to the county drain commissioner the amount paid as interest on such orders: Provided, That when such order shall be presented for payment and no funds are available owing to the delinquency in the payment of such drain taxes, the county treasurer shall so certify upon such order and such order shall then draw interest until funds are available for the payment of the same, but no order shall draw interest until so certified by the county treasurer: Provided further, That the holder of such order may, if he so desires, have the right to require payment thereof out of any moneys in the general fund of the county treasury that may be available, if the drain fund is insufficient for such purpose because of delinquency in the payment of drain taxes after the lands on which the said taxes shall have become delinquent have been offered for sale. In any such case where payment is made by the county treasurer out of the general fund any and all delinquent drain taxes received by said treasurer thereafter shall be credited to the general fund until the same is reimbursed. In all cases where bonds are issued and sold as herewith provided and the proceeds thereof are deposited in the county treasury to the credit of the fund of the particular drain, orders presented on such fund shall be paid out of the proceeds aforesaid, or out of the first annual installment of the taxes. In no case where there are outstanding bonds shall an order be paid out of any installment of taxes collected other than the first. Approved April 15, 1921. Section repealed. [No. 65.] AN ACT to repeal section one of act number twenty-five of the Public Acts of nineteen hundred nineteen, extra session, entitled "An act to authorize and provide for the raising of money by taxation and for the borrowing of money by the state for the construction and improvement of highways and bridges, to authorize the issuance of notes and bonds as evidence of the indebtedness so created, and to provide a tax for the payment of the principal of such obligations and interest thereon," and to amend sections. two, four and six of said act. The People of the State of Michigan enact: SECTION 1. Section one of act number twenty-five of the Public Acts of nineteen hundred nineteen, extra session, entitled "An act to authorize and provide for the raising of money by taxation and for the borrowing of money by the state for the construction and improvement of highways and bridges, to authorize the issuance of notes and bonds as evidence of the indebtedness so created, and to provide a tax for the payment of the principal of such obligations and interest thereon," is hereby repealed, and sections two, four Sections and six of said act are hereby amended to read as follows: amended. SEC. 2. The State Administrative Board is hereby author- Limit may ized and empowered, on behalf of the state of Michigan, to borrow. borrow such sums of money from time to time as may be necessary to carry out the purposes of this act not exceeding ten million dollars in any one year, and not exceeding in the aggregate the sum of fifty million dollars, and as evidence of money so borrowed may direct and cause to be issued the notes or bonds of the state of Michigan. Bonds issued here- Bonds, when under shall be redeemable at the pleasure of the state at any time not less than five years, nor more than thirty years from the date of issuance, shall bear interest at an annual rate not exceeding five and one-half per cent payable semi-annually, and shall pledge the faith and credit of the state of Michigan redeemable. where for the payment thereof. All such obligations shall be signed Who to sign. by the State Treasurer and countersigned by the Secretary of State, and shall be issued in amounts of not less than one hundred dollars each. Said bonds or notes shall be in the Form. form prescribed by the State Administrative Board, and shall be offered for sale at such times and in such manner as said board may by resolution direct. The proceeds of the Proceeds, sale of such obligations shall be credited to the state high- credited. way fund, and shall be used solely for the purposes specified in this act. The principal, and the interest thereon, shall be payable from taxes levied for that purpose. All obligations Exempt from issued hereunder shall be exempt from all taxation by the state or by any municipality, or political subdivision thereof. Every sale of such obligations shall be made at the best price obtainable; and in no case shall notes or bonds issued under the provisions of this act be sold for less than par and accrued interest. tax. SEC. 4. For the purpose of providing for the payment of Tax levy. obligations issued hereunder at maturity, and for the payment of interest thereon as the same shall become due, the Auditor General shall include in the state tax for the year nineteen hundred twenty-one the sum of one million two hundred thousand dollars and in the state tax for each year thereafter the sum of one million five hundred thousand dollars. Said amounts when raised shall constitute a sinking Sinking fund. fund out of which all such sums payable by the state from and after the first day of July, nineteen hundred twenty-two, shall be paid. The State Administrative Board shall estimate the amount that will be required to meet the liability of the state accruing prior to said first day of July, nineteen hundred twenty-two, on account of such obligations and shall certify accordingly to the Auditor General. Thereupon the Control of fund. Interest, where credited. Promissory notes, issue of. Proviso, aggregate limit. amount so certified shall be set aside out of moneys heretofore raised by taxation under the provisions of this act to meet such liability and the remainder of such money shall be placed in the sinking fund hereby created. Subject to the provisions hereof said sinking fund shall be under the supervision and control of the State Administrative Board and the same or any part thereof may be invested in securities issued by the state of Michigan, or by any municipality within the state, or by the government of the United States, or in securities issued by another state. All interest received on such securities shall be credited to the sinking fund and used solely for the purposes thereof. In case obligations issued under the provisions of this act are purchased with money from said fund such obligations shall be cancelled. SEC. 6. In the event that said board shall deem it expedient, it may borrow money and issue promissory notes therefor. Such notes shall be in such form and shall be redeemable at such time as said board may prescribe: Provided, however, That the aggregate amount of notes and bonds issued in any one fiscal year shall not exceed the sum of ten million dollars; nor shall the date of maturity of either notes or bonds be so fixed that more than ten million dollars of the principal thereof exclusive of interest shall become due and payable in any fiscal year. This act is ordered to take immediate effect. Appropriation. [No. 66.] AN ACT to provide an additional appropriation for the erection, construction and equipment of a state office building in the city of Lansing and to provide a tax to meet the same. The People of the State of Michigan enact: SECTION 1. There is hereby appropriated for the fiscal year ending June thirty, nineteen hundred twenty-two, the sum of one million one hundred seven thousand five hundred dollars for the purpose of aiding in the erecting, constructing and equipping of the state office and library building in the city of Lansing, Michigan, provided for by act number two hundred forty-one of the Public Acts of nineteen hundred seventeen. The money hereby appropriated shall be expended under the direction of the Governor and the members of the Board of State Auditors in conformity with the provisions of said act and for the furtherance of the purposes hereof: Proviso, may Provided further, That the Governor and the Board of State Auditors may obtain money upon the approval of the State How expended. secure in advance. Administrative Board before July one, nineteen hundred twenty-one, in such amounts as they may by requisition certify to the Auditor General are necessary for immediate use for completion of the state office building, which amounts thus advanced shall be deducted from the total amount when the appropriation becomes available. SEC. 2. The Auditor General shall incorporate in the Tax clause. state tax for the year nineteen hundred twenty-one a sufficient amount to cover the appropriation hereby made. This act is ordered to take immediate effect. Approved April 21, 1921. [No. 67.] AN ACT to amend section twenty-seven of act number two hundred eighty-one of the Public Acts of nineteen hundred nine, entitled "An act relative to the nomination of party candidates for public office and delegates to political conventions, to regulate primary elections and to prescribe penalties for violations of its provisions, and to provide for the printing upon election ballots of the names of candidates nominated under the terms of this act, and to repeal act number four of the Public Acts of the extra session of the year nineteen hundred seven, and all local primary election acts contravening the provisions of this act, except as in this act otherwise provided," being section three thousand five hundred thirty-six of the Compiled Laws of nineteen hundred fifteen. The People of the State of Michigan enact: amended. SECTION 1. Section twenty-seven of act number two hun- Section dred eighty-one of the Public Acts of nineteen hundred nine, entitled "An act relative to the nomination of party candidates for public office and delegates to political conventions, to regulate primary elections and to prescribe penalties for violations of its provisions, and to provide for the printing upon election ballots of the names of candidates nominated under the terms of this act, and to repeal act number four of the Public Acts of the extra session of the year nineteen hundred seven, and all local primary election acts contravening the provisions of this act, except as in this act otherwise provided," being section three thousand five hundred thirty-six of the Compiled Laws of nineteen hundred fifteen, is hereby amended to read as follows: SEC. 27. To obtain the printing of the name of any can- County didate of any political party for a county office under the offices. |