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1897.—Chapter 223. 36^
the laetition of one-fourth of the owners of real estate who are
qualified voters of such townshijo, setting forth the amount ,
proposed to be subscribed, and whether in money, bonds or
property, and prajing that the question of " subscription " or
" no subscription "" shall be submitted to the qualified voters of
such townsL;ip,it shall be the duty of the board of county commis-sioners
of the county in which such township is located to order Election to be
an election to be held in the said township, at which shall be sub- *^®^'^-
mitted to the qualified voters thereof the question of " subscrip-tion
'' or " no subscription " ; and that all elections held and
subscriptions made by townships shall be regulated as is now- How election
provided by law for other elections, except as is hereinafter i'6g"ia*®<^-
provided by this act for the regulation of elections for subscrip-tions
by counties, townships, cities and towns, and all bonds or
other obligations for the payment of township, city, town or
county subscriptions shall be signed by the chairman of the How bonds for
board of counjty commissioners of the county in which said s"^ne"and wit-township
is situated, witnessed by the official seal of said board, nessed.
and shall state that the same is to be paid by the tax payers of
the township, county, city or town voting the subscription,
and it shall be lawful for the board of county commissioners of
the county in which said township, city or town is located, at
their regular meeting for levying county taxes, to levy annually
out of the taxable property of such township, county, city or
town, a special tax sufficient to pay the interest on the obliga- special tax for
tions as it may accrue, and to create a sinking fund for the pay- s?nkin|*ftind.
ment of the principal when it becomes due.
Sec. 12. That in case any township, county, city or town ^[ow subscrip-shall
desire to subscribe to the capital stock of the corporation,
i^°n^jc"jfai^cor-the
board of commissioners of the county in which said poratious.
township, city or town is situated, upon petition of one-fourth
of the qualified voters thereof, showing the amount
proposed to be subscribed, and whether in money, bonds or
property, and asking that the question of "subscription" or
no subscription, Vje submitted to the people, are hereby author-ized
and empowered by this act to order an election in said Election to be
county, township, city or town as the case may be, submitting '^^^*^'-
to the qualified voters thereof the question of "subscription"
or no subscription. All persons favoring subscription shall
vote a ballot either written or printed with the words " sub- Ballots.
scription," and those opposed !<hall vote a ballot, either Avritten
or printed, with the words "no subscription."
Sec. 1.3. That said board of commissioners shall, upon receiv- commissioners
ing a petition of one-fourth of the qualified voters of the county, and^regStrar!"^^
township, city or town, as the case may be, as aforesaid, order
24
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| Title | Page 403 |
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1897.—Chapter 223. 36^
the laetition of one-fourth of the owners of real estate who are
qualified voters of such townshijo, setting forth the amount ,
proposed to be subscribed, and whether in money, bonds or
property, and prajing that the question of " subscription " or
" no subscription "" shall be submitted to the qualified voters of
such townsL;ip,it shall be the duty of the board of county commis-sioners
of the county in which such township is located to order Election to be
an election to be held in the said township, at which shall be sub- *^®^'^-
mitted to the qualified voters thereof the question of " subscrip-tion
'' or " no subscription " ; and that all elections held and
subscriptions made by townships shall be regulated as is now- How election
provided by law for other elections, except as is hereinafter i'6g"ia*®<^-
provided by this act for the regulation of elections for subscrip-tions
by counties, townships, cities and towns, and all bonds or
other obligations for the payment of township, city, town or
county subscriptions shall be signed by the chairman of the How bonds for
board of counjty commissioners of the county in which said s"^ne"and wit-township
is situated, witnessed by the official seal of said board, nessed.
and shall state that the same is to be paid by the tax payers of
the township, county, city or town voting the subscription,
and it shall be lawful for the board of county commissioners of
the county in which said township, city or town is located, at
their regular meeting for levying county taxes, to levy annually
out of the taxable property of such township, county, city or
town, a special tax sufficient to pay the interest on the obliga- special tax for
tions as it may accrue, and to create a sinking fund for the pay- s?nkin|*ftind.
ment of the principal when it becomes due.
Sec. 12. That in case any township, county, city or town ^[ow subscrip-shall
desire to subscribe to the capital stock of the corporation,
i^°n^jc"jfai^cor-the
board of commissioners of the county in which said poratious.
township, city or town is situated, upon petition of one-fourth
of the qualified voters thereof, showing the amount
proposed to be subscribed, and whether in money, bonds or
property, and asking that the question of "subscription" or
no subscription, Vje submitted to the people, are hereby author-ized
and empowered by this act to order an election in said Election to be
county, township, city or town as the case may be, submitting '^^^*^'-
to the qualified voters thereof the question of "subscription"
or no subscription. All persons favoring subscription shall
vote a ballot either written or printed with the words " sub- Ballots.
scription," and those opposed ! |
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