(DOWNLOAD) "Inhabitants of the Township of Montclair, County of Essex v. Ramsdell" by United States Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: Inhabitants of the Township of Montclair, County of Essex v. Ramsdell
- Author : United States Supreme Court
- Release Date : January 05, 1883
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 78 KB
Description
'Sec. 3. And be it enacted that the said commissioners, authorized by this act, may, in their discretion, dispose of such bonds, or any part thereof, to such persons or corporations, and upon such terms as they shall deem most advantageous for their said townships, towns, or cities, but not for less than par, and the money that shall be raised by any loan or sale of bonds shall be invested in the bonds of the said railway company for the purpose of building the railway thereof; and said money shall be applied and used in the construction of said railway, its buildings, equipments, and necessary appurtenances, and for no other purpose. The commissioners, respectively, in the corporate name of each of their said townships, towns, or cities, shall subscribe for and purchase bonds of said railway company to the amount that they severally may have borrowed as aforesaid.' After providing that the commissioners shall execute their official bonds, with security to be approved by the judge, (all of which was done in this case,) and that they shall be a board to act for their respective townships, towns, and cities, with power, by a majority, to do any business authorized by the act, the twelfth and fourteenth sections declare: 'Sec. 12. That all bonds issued in accordance with the provisions of this act shall be registered in the office of the county in which the township, town, or city so issuing is situated, and the words 'registered in the county clerk's office' shall be printed or written across the face of each bond, attested by the signature of the county clerk when so registered, and no bonds shall be valid unless so registered.
 "Inhabitants of the Township of Montclair, County of Essex v. Ramsdell" by United States Supreme Court # Book PDF Kindle ePub Free){kind=link}