and shall be paid into the salary fund and be disposed of as is now provided by law.
§ 8. WHAT BONDS NEGOTIABLE.] Bonds 1ssued in substantial conformity with this act shall in law be deemed negotiable.
§ 9. REPEAL.] That chapter 13 of the session laws of 1887, and all acts and parts of acts in conflict with this act are hereby repealed.
Approved March 17, 1890.
CHAPTER 31.
[S. F. 85.]
LIMITING ISSUE OF COUNTY BONDS.
AN ACT Amending Chapter 42 of the General Laws of the Eighteenth Session of the Legislative Assembly of the Territory of Dakota, Entitled "An Act Authorizing and Empowering Organized Counties of Dakota to Erect County Buildings for Court Houses and Jail Purposes, and to Issue and Dispose of Bonds to Provide Funds to Pay Therefor, and to Provide for the Payment of Principal and Interest of Such Bonds."
Be it Enacted by the Legislative Assembly of the State of North Dakota:
§ 1. AMENDMENT.] That Section 2 of Chapter 42 of the General Laws of the Eighteenth Session of the Legislative Assembly of Territory of Dakota be amended to read as follows:
"Sec. 2. No county shall issue its bonds under the provisions of this act in excess of five per cent. of its valuation according to the last assessment thereof, and including all the outstanding indebtedness of such county at the time of issuing such bonds.
§ 2. EMERGENCY.] Whereas, an emergency exists in that it is important that the limit of indebtedness fixed in said Chapter 42 be in accord with the provisions of Secțion 183 of the Constitution, therefore, this act shall take effect from and after its passage and approval.
Approved February 26, 1890.
