Rate of interest, etc., on bonds.

immediately upon the conclusion of such canvass the inspectors
of election shall make and sign a certificate showing the whole
number of votes cast upon such proposition, and the number
for and against it. Said inspectors shall endorse upon such
certificate a declaration in writing of the result of such elec-
tion, which certificate and declaration shall then be filed with
the clerk of said township, and a copy thereof certified to by
said township clerk shall be filed in the office of the clerk of

Allegan county.
When other SEC. 4. In case said proposition to so issue the bonds of said
ble relans may township shall be defeated at any such election, the said town-
held.

ship is hereby authorized to hold other elections, under and by
virtue of this act, for the purpose above mentioned.

Sec. 5. If such issue of bonds shall be authorized by a vote
of the electors of said township, such bonds may be issued in
such sums not exceeding the amount hereby authorized, pay.
able at such times and place, not exceeding fifteen years from
the date of such bonds, and with such rate of interest not ex-

ceeding six per cent per annum, as such township board How signed. shall direct by resolution. Said bonds shall be signed by the

township board and countersigned by the township treasurer
and negotiated by and under the direction of said board, and
the the moneys arising therefrom shall be used in paying for

the construction of said bridge before mentioned. Tax for, how

Sec. 6. It shall be the duty of the said township board to provide for the raising by tax upon taxable property of such township, such sums of money annually as shall be sufficient to pay the amount of said bonds and interest thereon, as fast as

the same shall become due.
To be nego- Sec. 7. No bonds issued under and by virtue of' this act
tiated at par. shall be negotiated at less than their par value.

This act is ordered to take immediate effect.
Approved January 28, 1903.

raised

1

1

[No. 263.]

AN ACT to authorize the township board of the township of

Mikado, county of Alcona, to issue the bonds of said town-
ship to the amount of two thousand dollars for the purpose

ing for bridges now constructed, and to levy taxes suf-
ficient for the payment of same and the interest thereon.

of pa

Bond issue by township.

The People of the State of Michigan enact:
SECTION 1. The township board of the township of Mikado,
in the county of Alcona, is hereby authorized to issue the nego-
tiable coupon bonds of said township to the amount of two
thousand dollars, for the purpose of providing funds to pay for
bridges now constructed in said township. Said bonds shall

interest.

be designated as "Bridge Bonds”; shall become due and pay-
able not later than fifteen years from their date; shall bear Rate of
interest at a rate not exceeding five per cent per annum, pay-
able semi-annually, and shall be in such form and of such de-
nomination, and executed in such manner as said township
board, by resolution, may direct, and when issued and deliv.
ered for value, shall be valid and binding obligations of said
township.

Sec. 2. When said bonds are issued, the township board of Tax for, how said township shall thereafter, annually, levy a direct tax, in levied. addition to all other township taxes, sufficient in amount to meet the interest on said bonds promptly 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. Said annual tax shall be collected at the same time and in the same manner in each year as other township taxes are collected.

This act is ordered to take immediate effect.
Approved January 28, 1903.

[No. 264.]

AN ACT to authorize the village of Otsego, in the county of

Allegan, and State of Michigan, to borrow money and issue bonds therefor, the proceeds of which are to be used for the purchase of real estate for public grounds, parks, markets, public buildings, and for other purposes necessary or convenient for the public good, and to promote and make any public improvement in said village.

village.

The People of the State of Michigan enact: Section 1. The village council of Otsego, in the county of Bond issue by Allegan, shall be and is hereby authorized to borrow money on the faith and credit of the said village, and issue bonds therefor, to an amount not exceeding fourteen thousand dollars, which shall be expended for the purchase of real estate for Money, how

expended. public grounds, parks, markets, public buildings, and for other purposes necessary or convenient for the public good, and for the encouragement and promotion of any public improvement for the benefit of said village, under such rules and regulations as said village council shall prescribe: Provided, That a ma. Proviso. jority of the electors of said village, voting at an election held in accordance with the provisions of this act, shall vote in favor of the said loan in the manner specified in this act, and not otherwise.

SEC. 2. The question of raising the said money and issuing Question to be such bonds shall be submitted by the village council of the said submitted to village to the electors thereof, and the vote shall be taken as near as may be in accordance with the provisions of an act,

Form of ballot.

entitled "An act to provide for the incorporation of villages within the State of Michigan, and defining their powers and duties,” approved February nineteenth, eighteen hundred ninety-five, and the amendments thereto, if any. The village council shall have the power to order a special election when it may, by said council, be deemed necessary to carry out the provisions of this act, and the proceedings had at such special election shall be the same as at general elections held within said village, except that those electors voting for the said loan shall have written or printed on their ballots the words: "For bonding the village to an amount not exceeding the sum of fourteen thousand dollars Yes;" and those voting against the loan shall have written or printed on their ballots the words: "For bonding the village to an amount not exceeding

the sum of fourteen thousand dollars-No." Bonds, how Sec. 3. If said loan shall be authorized by a majority of negotiated,

the electors voting at such election such bonds may be issued in such sums not exceeding the amount hereinbefore limited, and payable at such times, with such rates of interest, not exceeding six per cent per annum, as said village council shall direct, and shall be signed by the president of said village and countersigned by the clerk of said village, and negotiated by or under the direction of said village council; and the money

raised therefrom shall be appropriated in such manner as said Tax for, to be village council shall determine for the purposes aforesaid; and

the said village council shall have the power, and it shall be
their duty, to raise by taxes upon the taxable property of said
village such sum or sums as shall be sufficient to pay the
amount of said bonds and the interest thereon, as fast as the
same shall become due.

This act is ordered to take immediate effect.
Approved January 28, 1903.

etc.

[No. 265.]

AN ACT to change the name of Section Ten Lake, in the

county of Missaukee, to Lake Sapphire.

Name changed

The People of the State of Michigan enact:
SECTION 1. The name of Section Ten lake, in the county of
Missaukee is hereby changed to Lake Sapphire.

This act is ordered to take immediate effect.
Approved January 29, 1903.

[No. 266.]

AN ACT to change the name of Muskrat lake, in the county of

Missaukee, to Lake Missaukee.

The People of the State of Michigan enact:
SECTION 1. The name of Muskrat lake in the county of Mis- Name

changed. saukee is hereby changed to Lake Missaukee.

This act is ordered to take immediate effect.
Approved January 29, 1903.

[No. 267.]

AN ACT to detach certain territory from school district num

ber three of the township of Chickaming, Berrien county, Michigan and from school district number three of the town. ship of Weesaw, county of Berrien, State of Michigan, and to organize the same into fractional school district number three of the said townships of Chickaming and Weesaw.

tached from

tricts.

The People of the State of Michigan enact: SECTION 1. That all that part of section thirteen, now in- Territory decluded in said school district number three, also the north half school disand southeast quarter of section twenty-four, town seven south, range twenty west, now in school district number three of said Chickaming township, be detached from said school district. And that section nineteen, the west half of section twenty, the south half of southwest quarter and the northwest quarter of section seventeen, the south seventy acres of the southeast quarter of section eighteen, the south thirty-six and one-quarter acres of southwest quarter of section eighteen, town seven south, range nineteen west, be detached from said school district number three. And that said foregoing de- Organized into scribed territory be organized into and be hereafter known as fractional school district number three of the townships of Chickaming and Weesaw, to be organized in the same manner as school districts are organized under the general law.

This act is ordered to take immediate effect.
Approved January 30, 1903.

new district.

[No. 268.]

AN ACT to cure the irregularity in action of the common coun

cil of the city of Grand Rapids, and of the vote of the electors of said city taken April seventh, nineteen hundred two, upon the issue of fifty thousand dollars of bonds for the construction of bridges across Grand river at Bridge street and Wealthy avenue, and to authorize the common council of the city of Grand Rapids to issue such bonds for the construction of said bridges.

Action of council legalized.

The People of the State of Michigan enact :
SECTION 1. The action taken by the common council of the
city of Grand Rapids providing for a vote upon the issuing of
fifty thousand dollars bonds for the construction of bridges
over Grand river at Wealthy avenue and Bridge street, the
principal to run for twenty-five years from the date when is-
sued (instead of twenty years as provided in the charter of
said city), and to draw interest at not to exceed four per cent
per annum, payable semi-annually, and the vote of the electors
of said city on the seventh day of April, nineteen hundred
two, thereon, and the irregularity therein in fixing the term
of such bonds at twenty-five years, is hereby cured and such
action validated. And the common council of the city of
Grand Rapids by a majority vote of its members elect is
hereby authorized at any time within one year from the date
this act is given effect to issue fifty thousand dollars of its
bridge bonds for the construction of said bridges at Bridge
street and Wealthy avenue across Grand River, the principal
of the same to be made payable twenty-five years from the
date of their issuance, to draw interest not to exceed four per
cent per annum, payable semi-annually, and in the manner
provided by the charter of the city of Grand Rapids, except
as herein otherwise provided.

This act is ordered to take immediate effect.
Approved January 30, 1903.

May issue bonds.

[No. 269.]

AN ACT to authorize the district board of School District

number six of the township of Royal Oak, in the county of Oakland, to issue the bonds of said school district to the amount of three thousand dollars for the purpose of completing a new school building and paying outstanding orders.

Bond issue by school district.

The People of the State of Michigan enact: SECTION 1. The district board of school district number six of the township of Royal Oak, in the county of Oakland, is hereby authorized to issue negotiable coupon bonds of said