Page:1889 North Dakota Session Laws.pdf/125

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BOILER INSPECTION-BONDS.
129

by railway companies, unless used upon steam vessels navigating the inland waters of the State; nor shall engineers employed by railroad companies be required to procure licenses from the State Board of Inspectors, but the penalties herein provided for shall not obtain in any case prior to the time the inspector or inspectors have notified the persons affected that they are ready to make inspection as herein provided for.

§ 16. INSPECTOR NOT TO ACT AS AGENT.] No inspector shall act as agent for any machinery manufacturer in the sale of machinery, under penalty of removal by the Governor.

§ 17. REPEAL.] All acts or parts of acts inconsistent with this act are hereby repealed.

18. EMERGENCY.] Whereas, an emergency exists in that boilers should be inspected previous to July 1st, therefore, this act shall take effect and be in force immediately after its passage and approval.

Approved January 22, 1890.


BONDS.

CHAPTER 28

[S. F. 57.]

PROVIDING FOR ISSUE OF NORTH DAKOTA REVENUE BONDS.

AN ACT to Provide for Borrowing Money to Defray the Extraordinary Expenditures of the State Government.

Be it Enacted by the Legislative Assembly of the State of North Dakota:

§ 1. BONDS, HOW ISSUED.] That the Governor, State Auditor and State Treasurer are hereby authorized and empowered to prepare for issue negotiable bonds of the State of North Dakota to the amount of $200,000; such bonds shall be made payable to the purchaser or bearer and payable in fifteen years from date of issue, and shall bear interest at a rate not to exceed four and one-half per cent. per annum, interest payable semi-annually on the first day of January and July of each year, with coupons attached for each interest payment, said interest coupons to be made payable anywhere in the United States; said bonds shall be executed under the great seal of the State by the Governer and Treasurer, and shall be attested by the Secretary of State, and shall be negotiated by the Treasurer.

§ 2. PROPOSALS.] The State Treasurer shall receive sealed proposals for the purchase of said bonds, and he shall give public