CHAPTER 490. [2375] AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO It is enacted by the General Assembly as follows: H 879. Approved Providence for paving SECTION 1. The city of Providence is hereby City of authorized and empowered from time to time to authorized to hire not exceeding the sum of five hundred thousand streets. dollars and to issue its notes therefor, and to renew any such notes from time to time as the same become due. All moneys raised by authority hereof shall be exclusively used and expended for the purpose of paving such streets in said city with such kind or kinds of durable street pavement as the city council of said city from time to time may determine. SEC. 2. The city council of said city shall appro- Payment of priate out of the tax receipts of said city such sums as shall be required to pay said notes and any renewals thereof, so that the same shall be wholly paid not later than November 1, 1934. SEC. 3. This act shall take effect upon its passage. CHAPTER 491. notes and renewals. H 880. AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO It is enacted by the General Assembly as follows: SECTION 1. The city of Providence is hereby authorized and empowered from time to time to hire not exceeding the sum of three hundred thousand dollars and to issue its notes and bonds or either therefor, and to renew any such notes from time City of Provi dence author ized to hire $300,000 for a war memorial. Bonds, how issued; interest and sinking fund. S 256. Approved June 11, 1923. to time as the same become due. All money raised by authority hereof shall be exclusively used and expended for the purpose of erecting a memorial to those who served in the world war, said memorial to be in the form of an arch, a shaft or other suitable artistic design. SEC. 2. The city council of said city shall cause any bonds issued by authority hereof to be issued for such time and in such amounts as shall be fixed by said city council; and after any issue of any such bonds, said city council shall annually appropriate, so long as any such bonds are outstanding, besides a sum to pay the interest thereon, a sum to be placed as a sinking fund sufficient for the redemption of said bonds when due, and all premiums arising from the sale of said bonds shall be placed to the credit of said sinking fund. SEC. 3. This act shall take effect upon its passage. CHAPTER 492. [2377] AN ACT IN AMENDMENT OF SECTION 2 OF CHAPTER 2242 OF THE PUBLIC LAWS, ENTITLED "AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO CON- It is enacted by the General Assembly as follows: SECTION 1. Section 2 of chapter 2242, of the public laws, entitled "An act authorizing the city of Providence to condemn for public school and gymnasium purposes a certain parcel of land in said city and authorizing said city of Providence to hire the sum of two hundred and twenty-five thousand dollars for the purpose of paying for said land and erecting and equipping a gymnasium thereon," passed at the January Session, A. D. 1922, is hereby amended so as to read as follows: Providence authorized to hire $425,000 for public school and purposes. gymnasium "Sec. 2. The city of Providence is hereby authorized and empowered from time to time to hire not exceeding the sum of four hundred and twenty-five thousand dollars and to issue its notes and bonds or either therefor, and to renew any such notes from time to time as the same become due. All money raised by authority hereof shall be exclusively used and expended for the purpose of paying the amount or amounts of any judgment or judgments against said city or the price or damages which may be agreed upon by said city and the owner or owners for the taking of any land or lands under authority hereof and any expenses incidental thereto, and for the purpose of erecting and equipping a gymnasium thereon and otherwise improving said lot for public school and gymnasium purposes. The city council of said city shall cause any bonds issued by authority and sinking hereof to be issued for such time and in such amounts as shall be fixed by said city council; and after any issue of any such bonds, said city council shall annually appropriate so long as any such bonds are outstanding, besides a sum to pay the interest thereon, a sum to be placed as a sinking fund sufficient for the redemption of said bonds when due, and all premiums arising from the sale of said bonds shall be placed to the credit of said sinking fund." Sec. 2. This act shall take effect upon its passage. Bonds, how issued; interest fund. H 1013. April 18, 1923. Town of authorized to construction. Form of bonds. Bonds, how issued and sold. CHAPTER 493. [2378] AN ACT AUTHORIZING THE TOWN OF BRISTOL TO CONSTRUCTION. It is enacted by the General Assembly as follows: SECTION 1. The town of Bristol is hereby authorized and empowered, in pursuance of and in accordance with the resolution of the financial town meeting passed March 19, 1923, to issue its bonds under its corporate name and seal, in addition to all bonds and other indebtedness heretofore authorized, to the amount of twenty thousand dollars. The said bonds shall be in serial form and shall become due and payable in not to exceed twenty years from the date of their issue and shall bear interest at a rate not exceeding five per centum per annum. The principal and interest on said bonds shall be payable in gold coin of the United States of America of the standard of weight and fineness at the date of issue of said bonds. SEC. 2. Said bonds shall be issued and sold by the town council of said town at such times, in such amounts, at such rate of interest, in such manner, in such forms, and maturing at such dates as the said town council may authorize and direct, but not to exceed, in the date of their maturity, twenty years from the date of their issue, nor to exceed, in the rate of their interest, five per centum per annum payable semi-annually. Not more than one-twentieth of the amount of the principal of said bonds shall be made due and payable in any one year. The bonds hereby authorized shall be signed by the town treasurer of the town of Bristol and countersigned by the president of the town council. to be expended. SEC. 3. The proceeds arising from the sale of Proceeds how said bonds shall be delivered to the town treasurer of said town and shall be used and expended by the sewer commission of the town, as soon as it shall deem such action advisable, for the construction of a common sewer in Mount Hope avenue, and in such other streets or avenues intersecting or extending from said Mount Hope avenue, as the available money will permit. Payment of bonds SEC. 4. At the annual financial town meeting interest and in each year the town shall appropriate, until said maturing. bonds are paid in full, a sum sufficient to pay the interest on said bonds and a further sum to pay the principal of the bonds maturing each year. SEC. 5. This act shall take effect upon its passage, and all acts and parts of acts inconsistent herewith are hereby repealed. CHAPTER 494. [2379] AN ACT AUTHORIZING THE TOWN OF BRISTOL TO It is enacted by the General Assembly as follows: H 1024. Bristol authorized to appropriate $500 for use of American Red Cross. SECTION 1. The town of Bristol is hereby author- Town of ized and empowered to appropriate the sum of five hundred dollars for the use and benefit of the Home Service Section, American Red Cross, Bristol Branch, and the action at the financial town meeting of said town on March 19, 1923, is hereby affirmed. SEC. 2. This act shall take effect upon its passage. |