than ten nor more than five hundred dollars, and in addition thereto may be imprisoned for a period not exceeding sixty days. SECTION 16. Suit may be brought by and in the name of the board of directors upon any bond given to the board, but the sum recovered shall be for the use of the fund of said district. SECTION 17. For the purpose of building, acquiring, erecting and maintainng the levee mentioned in this Act, and making necessary repairs thereon, and in order to enable the board of directors to fully carry out the purpose of this Act, the said board of directors shall have power to borrow money at a rate of interest not to exceed seven per cent per annum; and to that end, may issue bonds of said board to the amount of not exceeding thirty thousand dollars ($30,000), with interest coupons attached, payable in lawful money of the United States, at such time and place and in such denominations as the board may prescribe, and said board may pledge all uncollected assessments and taxes as herein provided for the payment of the same, said bonds to be made payable, however, in a not longer period than ten years. Said bonds shall not be sold for less than par except by majority vote of the board of directors. SECTION 18. That each and all of the bonds issued by the board, as hereinbefore provided, shall be signed by the president and countersigned by the secretary thereof, and no such bonds issued as aforesaid shall be valid or binding on said board or district until the same has been endorsed by the treasurer in writing that he has duly registered said bonds to the purchasers or owners thereof as hereinafter provided. Upon such registry and endorsement by the treasurer said bonds shall then, and not till then, be held as fully executed, and shall thereupon be negotiated; provided, that the board may accept bids or otherwise contract for the sale of such bonds to purchasers before they are issued or registered as aforesaid. The treasurer of said board shall keep a register showing the dates, denominations, number and place of payment, and to whom issued or paid, or by whom purchased, whether for cash or on contract for labor, or for work done or performed or other purposes as heretofore provided herein, of all bonds so issued and shall keep the same kind of account on all bonds paid, received or taken up by the board, showing when and to whom payment was made and from whom each bond was received or taken up and on what account, and no bond or coupon paid, received or taken up by said board shall again be used or re-issued, but every such bond or coupon shall be cancelled by the treasurer, and punched with an instrument provided for that purpose. SECTION 19. The treasurer shall note on the original register hereinbefore required to be kept by him, the fact of payment, surrender or cancellation of each bond or coupon he may take up, and the bonds or coupons taken up by said treasurer, after cancellation, shall be preserved by him as vouchers in settlement with the board; after due allowance of same in settlement by said board, said coupons shall be burned and destroyed by the president in the presence of the board, and said cancelled bonds shall be preserved by the board as part of its records. SECTION 20. That all moneys borrowed or arising from negotiation or sale of any of said bonds shall be paid unto the treasurer of said levee board, and shall constitute a levee fund, to be used and applied only in building, rebuilding, raising, repairing, maintaining, purchasing or condemning levees and expenses contemplated under this Act, and for no other purpose. SECTION 21. That the secretary of said board shall upon order of said board cause said bonds to be printed or lithographed with such devices for identification and/ to prevent imitation as such secretary may think proper, and he shall register said bonds in a book to be kept for that purpose as the bonds are issued, stating therein the date, number, denomination, place of payment, and to whom issued or sold, or on what account issued, of each bond issued, and shall take a receipt in said book from the party to whom said bonds are delivered. SECTION 22. That the payment of both principal and interest of the bonds to be issued under the provisions of this Act, the entire revenues of the district arising from any and all sources and all real estate, railroads and tram- : roads subject to taxation in the district is by this Act pledged, and the board of directors are hereby required to set aside annually from the first revenues collected from any source whatever a sufficient amount to secure and pay the interest on said bonds, and said board shall also make due provisions for the payment of the principal thereof as the same shall become due. SECTION 23. That no compensation shall be allowed. the board of directors or the treasurer, either directly or indirectly, for receiving and paying out the proceeds of said bonds. Provided, however, That brokerage not exceeding five per cent may be allowed by s id board should it become necessary in order to sell said bonds. SECTION 24. Should this Act for any cause be declared void or unenforceable by a court of competent jurisdiction after the bonds herein provided for are sold, or expenses incurred in building the levee, or of obtaining rights-of-way, preliminary surveys or any other proper expense, then such sum or sums shall nevertheless be a lien upon all of the property in the district hereunder to that extent. SECTION 25. It shall be unlawful for any hog, pig or shoat to run at large on the levee provided for in this Act, and all parties owning or controlling hogs, pigs or shoats within or adjacent to the lands comprising this district shall either keep said hogs, pigs or shoats within an enclosure or put rings in their noses, one on each side of the nose, and fastened securely so as to prevent the falling out of said rings, and in such manner as to prevent any such hog, pig or shoat from rooting in or destroying the levee, and any person permitting or suffering his or her hogs, pigs or shoats to run at large as herein prohibited shall be guilty of a misdemeanor, and upon conviction thereof shall be fined in any sum not less than ten nor more than one hundred dollars. SECTION 26. If at any time hogs, pigs or shoats are found running at large and depredating the said levee without being ringed as provided in section 25 hereof, in addition to the penalty therein provided, the officer or agent of said levee board may kill or destroy said hog, pig or shoat without being liable therefor. SECTION 27. All laws and parts of laws in conflict with this Act shall be and the same are hereby repealed, and this Act shall take effect and be in force from and after its passage. [This bill having remained with the Governor five days (Sunday excepted) and the General Assembly being in session, it has become a law this March 8, 1905.] ACT 72. AN ACT to amend Section 7462 of Kirby's Digest. SECTION I. Salary of County Judge of Union County fixed at $1,000. Be it enacted by the General Assembly of the State of Arkansas: SECTION I. That Section 7462 of Kirby's Digest be amended so as to read as follows: The salary of the County and Probate Judge of Union County shall be $1,000 per annum. SECTION 2. This Act repeals all laws and parts of laws in conflict herewith, and take effect and be in force from and after its passage. Approved March 10, 1905. ACT 73. V AN ACT to amend Section 7448 of Kirby's Digest. SECTION 1. Salary of County Judge of Poinsett County fixed at $1,000. 2. Acts in conflict repealed; Act in force from passage. Be it enacted by the General Assembly of the State of Arkansas: SECTION I. That Section 7448 of Kirby's Digest be amended to read as follows: The salary of the County and Probate Judge of Poinsett County shall be $1,000. |