with the terms of this act, the same shall be cancelled by said treasurer, and returned to the proper officer of said city. SEC. 13. In case said city issuing bonds as heretofore provided in this act, shall fail to pay the bonds or the interest coupons, or to deposit with the treasurer of the county of Ingham, a sufficient sum of money to pay the bonds or the coupons which it may have issued as aforesaid, which may then be due, as by the terms of said bonds or coupons, the county treasurer of such county shall certify the same to the clerk of the board of supervisors of said county, stating the amount so due and unpaid by said city; whereupon the board of supervisors of such county shall proceed to assess, levy and collcct the same from said city, with other county taxes, and in like manner, adding to the amount thereof interest at the rate specified in said bonds, for one year, and the same shall be paid to the county treasurer by the treasurer of said city, and upon the receipt of such money the county treasurer shall pay to the holders thereof the principal or interest for which such money may have been collected, with the interest thereon, and cancel and return such bonds or coupons to the said city. SEC. 14. In case said city shall avail itself of the benefits of this act by the issue of bonds or other evidences of debt, in aid of said railroad company, as by this act. provided, said city shall each year, by its proper authorities, upon receiving the notice as herein provided, from the State Treasurer, of the delivery of its bonds to said railroad company, so long as such bonds or other evidence of debt remain unpaid, levy, assess and collect, upon the taxable property of said city, a sufficient sum of money to pay all bonds or interest upon the same, as either the bonds or the interest thereon shall become due; and the full faith and credit of said city so issuing any such bond or other evidence of debt, is hereby pledged for the full payment of both principal and interest thereon; and the same are made hereby a valid and legal charge upon the taxable property of said city. SEC. 15. Said railroad company shall not be entitled to receive any of the bonds or other evidence of indebtedness issued as provided in this act, until said company shall have completed its road bed and ironed its road with the usual T rail, from its intersection with the Jackson, Lansing and Saginaw Railroad, or with the Ionia and Lansing Railroad, or with the Peninsular Railroad, in the city of Lansing, to a point at or near the village of Williamston, in the county of Ingham: Provided, That such intersection with either of the abovenamed railroads shall be at a point not to exceed forty rods north of Michigan avenue, in said city of Lansing. [SEC. 2. This act shall take immediate effect.] Approved April 2, 1869. AN ACT to legalize the action of certain towns in the counties of Livingston, Washtenaw and Wayne, in voting aid to the Detroit and Howell Railroad. SECTION 1. The People of the State of Michigon enact, That the action of the township of Osceola, in the county of Livingston, and also that of the township of Plymouth, in the county of Wayne, in voting aid to the Detroit and Howell Railroad, under the provisions of act number forty-nine, of the session laws of 1864, shall be as valid as they would have been had the meeting called for the purpose of pledging such aid, been notified and held at the place of holding the last previous annual township meeting. SEC. 2. The action of the township of Green Oak, in the county of Livingston, in voting aid to the said railroad, under the provisions of the act aforesaid, shall be MUSKEGON TO DETROIT AND MILWAUKEE RAILROAD. as valid as it would have been had all the persons signing the request to the supervisor for the calling of the meeting at which such aid was pledged, been electors of said township. SEC. 3. The action of the township of Salem, in the county of Washtenaw, in voting aid to the said railroad, under the provisions of the act aforesaid, shall be as valid as it would have been had the notice required by the provisions of said act been published in a county newspaper, for the full period of ten days next preceding the holding of such meeting. SEC. 4. This act shall take immediate effect. 163 Muskegon to Detroit and Milwaukee Railroad. AN ACT to authorize the several townships of the counties of Kent, Ottawa and Muskegon to aid any railroad company now in existence, or that may hereafter be organized, in the construction of a railroad from the village of Muskegon to some convenient point on the Detroit and Milwaukee Railway. SECTION 1. The People of the State of Michigan enact, That it shall be lawful for any of the several townships of the counties of Kent, Ottawa and Muskegon to pledge the credit of any such township, to issue bonds or other securities, to levy taxes, and to borrow money, to aid in the construction of a railroad from the village of Muskegon to some convenient point on the Detroit and Milwaukee Railway, for any sum not exceeding ten per centum of the assessed valuation of the property of any such township, at any special township meeting called for that purpose, as hereinafter directed. SEC. 2. It shall be the duty of the supervisor and township clerk of any of said townships to call a meeting of the electors thereof, on the written or printed re quest of fifteen freeholders of his township, and submit the same to a meeting of the freeholders of said township, which request shall specify the amount to be raised, the mode of raising it, the rate of interest, the time of payments, and such other matters as may be deemed for the interest and security of the township; and in posting notices according to law, they shall also, with each notice, post the request upon which the meeting is called. The questions submitted to the electors shall be those contained in the call for the meeting; and those who vote in the affirmative, shall vote a ballot on which is written or printed, "aid for the railroad-yes" and those who vote in the negative, shall vote a ballot on which is written or printed, "aid for the railroad-no." The meeting shall be conducted in the same manner as annual township meetings are conducted, and the result shall be certified by the board of inspectors, and filed in the office of the township clerk. SEC. 3. If it shall be determined at such meeting to aid in the construction of said railroad, it shall be the duty of the supervisor and clerk, by the direction of the township board, to loan money, to execute bonds, or other securities, to require securities from the railroad company, and to do all other acts necessary to comply with such determination; and all moneys or securities accruing to said township, under this act, shall be deposited with the treasurer thereof, and held by him until delivered up upon proper authority, or to his successor in office. SEC. 4. The township board of any township authorized by this act shall have power, and it shall be their duty, to raise, by tax or otherwise, such sum or sums as shall be sufficient from time to time, to pay the principal and interest of said bonds or other obligations, as often as they shall become due. SEC. 5. No bonds, or other evidences of debt, issued under the provisions of this act, shall be delivered to the treasurer of any township, for any railroad company, until all the terms and conditions required by the vote of the township, or the proper authorities thereof, shall have been fully complied with: Provided, That no bonds or other evidences of debt, issued under the provisions of this act, as aforesaid, shall be sold for less than their par value, nor such bonds, or other evidences of debt, or the moneys arising from the sale of the same, be delivered or paid over to said railroad company until the ties shall be delivered on the line of said railroad, and the road-bed thereof, including all the bridges, culverts, cattle-guards and road-crossings, shall be fully completed and ready for the iron within the limits of the towdships rendering such aid. Approved February 5, 1864. Jackson to Grand Rapids and Amendment. AN ACT to authorize the counties of Jackson and Eaton, and the cities and townships of such counties, and of Barry and Kent, the townships of Onondaga and Leslie, in Ingham county, and Leighton and Wayland, in Allegan county, to pledge their credit in aid of the construction of a railroad from Jackson to Grand Rapids. SECTION 1. The People of the State of Michigan enact, That it shall and may be lawful for the several counties of Jackson and Eaton, for any city or township within such counties, or within the counties of Barry or Kent, for the townships of Onondaga and Leslie, in Ingham county, and for the townships of Leighton and Wayland, in Allegan county, to loan money to any railroad company organized or to be organized, for the construction of a railroad from the city of Jackson to the city of Grand Rapids; but the outstanding indebtedness and liability to be incurred for such purpose shall not any time exceed five per centum of the assessed valuation, for the time being, of any county, city or township. SEC. 2. For the several purposes mentioned in this act, the said counties, cities and townships are severally authorized to borrow money, and on their credit to issue bonds, at a rate of interest not exceeding seven per cent |