Financing. the execution of contracts incidental to the carrying out of the purposes hereby contemplated. In the event that property is taken by condemnation under any statute pertaining thereto, the actual benefits accruing to or received by a remainder of any such parcel on account of the construction of the improvement shall be taken into account in determining the damages to be awarded by way of compensation to the owner or owners of such property. The charter shall also provide for the proper financing of the acquisition and construction of any such system and facilities, by direct taxation, special assessments on the basis of benefits actually and exclusively received by property affected by any such improvement, or by borrowing money and issuing bonds or other evidence of indebtedness therefor, or by a combination of such methods; and for the defraying of the cost of maintenance, operation and management of such facilities and for payment of interest on and a sinking fund to retire any bonds issued under this subsection, from the revenues received as a result of the operation thereof by the city. Bonds executed and sold for the purpose of raising money to cover the cost of such acquisition and construction may be issued on the faith and credit of the city, or. same may be secured by mortgage on the property and revenues of the utility established pursuant hereto. The aggregate amount of bonds. issued on the faith and credit of the city under this subsection shall not exceed two per cent. of the assessed valuation of the taxable property within said city for the preceding fiscal year; and in computing the total indebtedness of the city for the purpose of determining whether any other limitation prescribed by law has been exceeded, such bonds shall not be included. Except as is in this subsection otherwise specifically provided, all bonds issued by a city for the purposes hereby contemplated shall be subject to the restrictions. and conditions prescribed in subdivision (b) of this section. In case provision is made in the charter for raising money by direct taxation for the purposes hereof, the amount of such tax levied and assessed in any year shall not exceed onesixth of one per cent. of the assessed valuation of the city for such year; and the amount of any such tax shall not be subject to any other limitations prescribed by law, or considered in determining whether any such limitation has been exceeded. In no case shall more than sixty per cent. of the total estimated cost of acquiring or constructing any such rapid transit system or portion or extension thereof, be raised by direct taxation, and by the issuance of bonds on the faith and credit of the city. As incidental to the authority hereby granted, provision may be made in any city charter for the exercise of powers incidental to the accomplishment of the purposes hereof, and reasonably calculated and designed to facilitate the furnishing of adequate transportation facilities by the means aforesaid to the municipality and the people thereof. No charter amendment or amendments, contemplating and providing for the exercise of the powers referred to in this subsection shall be submitted to a vote of the electors unless and until the same shall have been published pursuant to the direction of the legislative body. of the city, in at least one newspaper having a general circulation in such city at least once each week for three weeks in succession during the thirty day period immediately preceding the date of the election; and no plan for construction and operation of any rapid transit system shall be put into effect unless the same shall first have been submitted to the qualified electors of the city and approved thereby. Such submission of plan shall be made subsequent to the enactment of said charter amendments either at a general election or a special election called for that purpose by the legislative body of the city. Such contemplated plan shall, before its submission, and as a condition prerequisite thereto, be published once each week for six weeks in succession in some daily newspaper having a general circulation within the city, during the sixty day period immediately preceding the date of submission to the electors; and the contemplated plan as so published shall specify the route or routes of the proposed rapid transit system, the type of construction proposed for the various sections or parts thereof, the method or methods for financing the improvement, the order in which the various sections or parts are to be constructed or acquired, the system of management to be adopted, the estimated cost of the various sections or parts of the system, and such other matters as the legislative body of the city shall require: Provided, however, That the financial plan so submitted shall Proviso. not permit special assessments against any property in excess of actual benefits, meaning increased value, accruing exclusively as a result of said improvement; and the payment of such special assessments made under this subsection, shall be prorated over a period of not less than ten years. (z) For negotiating, executing and performing contracts with any other municipality, or municipalities, duly authorized and empowered to that end, with reference to the construction, equipment, operation, maintenance and management of a rapid transit system and facilities, and for the financing of any obligations, assumed under or imposed by any such contract. The grants, limitations and restrictions set forth in the preceding subsection of this section shall be deemed applicable to, and shall be observed in the adoption of, charter provisions and amendments hereunder and in the exercise of the authority hereby granted. SEC. 2. Should any provision or section of this act be saving held to be invalid for any reason, such holding shall not be clause. construed as affecting the validity of any remaining portion hereof, it being the legislative intent that the act shall stand notwithstanding the invalidity of any such provision or section. This act is ordered to take immediate effect. Section amended. Board to make estimate. Proviso. [No. 225.] AN ACT to amend section fifteen of chapter thirty-two of act number two hundred fifteen of the public acts of eighteen hundred ninety-five, as amended, entitled "An act to provide for the incorporation of cities of the fourth class," being section three thousand two hundred seventysix of the compiled laws of nineteen hundred fifteen. The People of the State of Michigan enact: SECTION 1. Section fifteen of chapter thirty-two of act number two hundred fifteen of the public acts of eighteen hundred ninety-five, as amended, entitled "An act to provide for the incorporation of cities of the fourth class," being section three thousand two hundred seventy-six of the compiled laws of nineteen hundred fifteen, is hereby amended to read as follows: SEC. 15. The board shall also make and deliver to the city council, annually, in the month of September, an estimate and report of the amounts necessary to be raised in addition to other school funds for the entire support of the public schools, including fuel, pay of teachers and indebtedness falling due, and for the purchase of grounds and the construction of school buildings and support of the library, and for all purposes of expenditure which the board is authorized or required to make during the ensuing year, specifying the different objects of expense as particularly as may be; which sums so reported the council shall cause to be raised by tax upon all the taxable property in the city, with the state, county and delinquent city taxes thereafter to be raised: Provided, That the amount so to be raised in any one year for the purchase of grounds and the erection of buildings, and for the payment of indebtedness and interest thereon incurred for grounds and buildings shall not exceed three-fourths of one per cent, and the amount for the support of the schools and for all the other purposes above mentioned shall not exceed two and one-half per cent on the dollar of the taxable valuation of the real and personal property in the city as shown by the tax roll of the preceding year. Approved May 6, 1925. [No. 226.] AN ACT to provide for the management and expansion of activities of the employment bureau of the Michigan employment institution for the blind; to make an appropriation therefor; to provide for a tax to meet the same and to repeal all acts and parts of acts inconsistent herewith. The People of the State of Michigan enact: SECTION 1. There shall be maintained as a function of Free employthe employment bureau of the Michigan employment institu- ment service. tion for the blind a free employment service for the benefit of all worthy blind persons in Michigan, susceptible of vocational rehabilitation, the objects of which bureau shall be: (a) Cooperation with other agencies serving similar purposes and concentration of effort in the placement of blind workers. (b) Vocational guidance and counsel for blind persons. (c) Social investigation and employment adjustment of blind persons in their home communities. (d) Survey of employment opportunities for the blind. (e) Placement of blind persons in employment not otherwise provided for. (f) Complete recording in suitable filing system of the plan and accomplishment of the bureau for every recipient of its aid. Objects of. SEC. 2. The superintendent shall employ some suitable Employment person, qualified by training and experience, preferably a director. representative blind person, to be employment director, whose sole duties shall be to assist the superintendent so to operate such service as to carry into effect all the intents and purposes of this act. SEC. 3. There are hereby appropriated from the general Appropriafund in the state treasury for the establishment and opera- tions. tion of such service, and in addition to appropriations otherwise made for the Michigan employment institution for the blind, for the fiscal year ending June thirty, nineteen hundred twenty-six, the sum of seven thousand five hundred dollars, and for the fiscal year ending June thirty, nineteen hundred twenty-seven, the sum of seven thousand five hundred dollars, to be used solely for the specific purposes herein stated, and to be paid out of the state treasury at such times and in such manner as is or may be provided by law. SEC. 4. The auditor general shall add to and incorporate Tax clause. in the state tax for the year nineteen hundred twenty-five, the sum of seven thousand five hundred dollars, and for the year nineteen hundred twenty-six, the sum of seven thousand five hundred dollars, from which the general fund shall be reimbursed in the amounts hereby appropriated. SEC. 5. All acts and parts of acts inconsistent with the provisions of this act are hereby repealed. Approved May 6, 1925. Certificates of survivorship, issue of. [No. 227.] AN ACT to provide for issuing and recording certificates of survivorship and of the termination of life estates. The People of the State of Michigan enact: SECTION 1. Whenever a person has died or shall hereafter die who was, during his or her lifetime, entitled to an estate for life in any real estate in this state, or whenever one joint tenant or tenant by the entirety in any real estate has died or may hereafter die leaving surviving his cotenant, the probate judge of the county in which any such real estate is situated shall, upon application by duly verified petition of any person interested in such real estate and due proof of the facts, issue under the seal of such court, a certificate setting forth the fact of the death of such life tenant or joint tenant or tenant by the entirety, and other facts essential to a determination of the rights of the parties interested, which certificate or a certified copy thereof may be recorded in the office of the register of deeds of any county in which any such real estate is situated, and shall be prima facie evidence of the facts therein recited. Approved May 6, 1925. Rents, etc., assignment of. Validity. [No. 228.] AN ACT to authorize the assignment of rents and profits of property mortgaged under a trust mortgage or deed of trust, to secure bonds or obligations issued or to be issued thereunder. The People of the State of Michigan enact: SECTION 1. Hereafter, in or in connection with any trust mortgage or deed of trust, to secure bonds or obligations issued or to be issued thereunder, it shall be lawful to assign the rents and profits of the property mortgaged to the trustee or trustees under the trust mortgage or deed of trust for the benefit of the bondholders and holders of the obligations issued or to be issued under the trust mortgage or deed of trust. SEC. 2. The assignment of rents and profits, when so made, shall be a good and valid assignment of rents as against the mortgagor or mortgagors or those claiming under or through them from the date of the recording of the trust mortgage or deed of trust, and shall operate against and be binding upon the occupiers of the premises from the date of the filing |