SEC. 4. The township board of any township authorized by this act, and the proper officers of any such city or incorporated village 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; Provided, That no bonds or other evidence of debt, issued under the provisions of this act, shall be sold for less than their par value, nor such bonds, or other evidence 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 furnished and delivered on the line of the road, and the road bed thereof, including all bridges, culverts, cattle guards and road crossings, shall be fully completed and ready for the iron within the limits of the municipalities rendering such aid.

SEC. 5. This act shall take immediate effect.

Approved February 5, 1864.

Ridgeway to some point on Detroit & Milwaukee Railroad.

AN ACT to authorize any of the towns of the counties of Oakland and Macomb to pledge their credit to aid in the construction of a railroad from Ridgeway, on the Grand Trunk railway, to some point on the Detroit and Milwaukee railroad.

SECTION 1. The People of the State of Michigan enact, That it shall and may be lawful for any of the towns in the counties of Oakland and Macomb, to loan or donate money to any company that is now or may be hereafter organized, for the purpose of constructing a railroad from Ridgeway, in the county of Macomb, on the Grand Trunk railroad, to some point in the county of Oakland, on the Detroit and Milwaukee railroad; but the outstanding liability and indebtedness to be incurred

RIDGEWAY TO DETROIT AND MILWAUKEE RAILROAD.

for such purpose shall not, at any time, exceed five per centum of the assessed valuation of the real and personal property, for the time being, of any of the said townships in the counties of Oakland and Macomb, or either of them: Provided, That the electors in any of said townships, at a meeting called for that purpose, shall so determine, by a majority of the legal voters of the township, by ballot.

SEC. 2. It shall be the duty of the supervisor of each or any of said townships, upon the written request of thirty of the electors of said township, to call a meeting of the electors thereof, for the purpose of submitting the question of making such loan or donation to said com pany, notice thereof to be given by posting of handbills in any such township ten days prior to said meeting, in at least six public places in such town, and the advertisement of the same in a newspaper published in the county in which such township is situated, for three weeks next prior to such meeting.

SEC. 3. If the electors of any such township shall determine to make such loan or donation, and the amount thereof, it shall be the duty of the township board of said township voting to make such loan or donation, and they shall have power to pledge the credit of the township to raise money to make such loan or donation, at an interest not exceeding seven per centum per annum, and for a period not exceeding ten years, and may issue the bonds of the township therefor: Provided, That the amount of bonds which shall fall due in any one year shall not exceed two per centum of the assessed valuation of such township, at the time of issuing the

same.

J

SEC. 4. In case any such township shall so decide to aid in the construction of said railroad, either by loan or donation, it shall be the duty of the supervisor thereof to assess all necessary taxes that may be required to

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meet the interest and the principal of any indebtedness thereby incurred: Provided, No bonds or other evidences of debt shall be issued under the provisions of this act, or the money arising from the sale of the same, or money raised by loan or tax, shall be paid over by the board of any township, to or for any railroad company, until the ties are delivered on the line of said road, and the road-bed thereof, including all bridges, culverts, cattle-guards and road-crossings, in any such township, or adjoining the same, are fully completed, ready for the iron: Provided further, That no such bonds or other evidences of debt shall be sold for less than their par value by the representatives of the municipality issuing the same.

SEC. 5. The said company shall have the right to vary the route of their road, from the village of Romeo east to the Grand Trunk railroad, either to the Baltimore, Utica or Mt. Clemens station.

Approved February 10, 1865.

Chicago and Michigan Grand Trunk Enabling Act.

AN ACT to authorize either or all of the several townships, cities and villages of the counties of Macomb, Oakland, Livingston, Ingham, Eaton, Barry, Allegan, Van Buren and Berrien, to loan money and pledge their credit, or raise money by tax to aid in the construction of a railroad from Ridgeway, in the county of Macomb, on the Grand Trunk railway, by way of the city of Lansing to the village of St. Joseph, and from thence to the Indiana State line.

SECTION 1. The People of the State of Michigan enact, That it shall and may be lawful for the several townships, cities and incorporated villages within said counties, to pledge the credit of any such municipality, to issue bonds or other securities, to levy taxes and to borrow money, to aid any railroad company, organized or to be organized under any law of this State, in the construction of any railway from Ridgeway, on the

Grand Trunk railway, by the way of the city of Lansing to the village of St. Joseph, and from thence to the Indiana State line, for any sum not exceeding ten per centum of the assessed valuation of the property of any such municipality, at any special meeting called for that purpose, as hereinafter directed.

SEC. 2. It shall be the duty of the clerk of any of said municipalities to call a meeting of the taxable propertyholding electors thereof, on the written or printed request of fifteen freeholders of his municipality, which request shall specify the amount to be raised and the mode of raising it, the rate of interest, which shall not exceed seven per cent. per annum, the time of payment, and such other matters as may be deemed for the interest and security of the municipality; and in posting notices according to law, he 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 railroad-yes," and those who vote in the negative shall vote a ballot on which is written or printed, "Aid for railroad-no." The meeting shall be conducted in the same manner as annual meetings are conducted, and the result shall be certified by the board of inspectors, and filed in the office of the clerk.

SEC. 3. If it shall be determined at such meeting to aid in the construction of said road, it shall be the duty of the supervisor and clerk, by the direction of the township board, and president and clerk of the corporated villages, by direction of the trustees, as the case may be, or the mayor and clerk of any city, by the direction of the common council, to loan money, to execute bonds or other sureties, to require sureties from the railroad company, and to do all other acts necessary to comply with such determination; and all moneys or sureties accruing

to said township, city or incorporated village, 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: Provided, That the amount of bonds which shall fall due in any one year shall not exceed two per centum of the assessed valuation of such municipality, at the time of issuing the same.

SEC. 4. The township board of any such township authorized by this act, and the proper officers of any such city or incorporated village, shall have power, and it shall be their duty, to raise by tax or otherwise, such sum or sums of money as shall be sufficient from time to time to pay the principal and interest of said bonds or other obligations, as often as they become due: Provided, That no bonds or other evidences of debt, issued under the provisions of this act, shall be sold for less than their par value, nor such bonds or other evidences of debt, or moneys arising from the sale of the same, be delivered or paid over to said ratlroad company, until the said road shall be finished in good running order and the cars and rolling stock on the said road in actual running condition through the township, city, or incorporated village rendering such aid, or through the townships, cities or incorporated villages opposite to and coterminous with the municipality so aiding in the construction thereof.

Approved March 15, 1865.

Holly, Wayne and Monroe Enabling Act.

AN ACT to authorize any of the towns or municipalities in the counties of Oakland, Livingston, Wayne, Monroe and Washtenaw, to pledge their credit to aid in the construction of a railroad from the village of Holly, in the county of Oakland, to the city of Monroe, in the county of Monroe.

SECTION 1. The People of the State of Michigan enact, That it shall be lawful for any of the several townships or municipalities in the counties of Oakland,