annually pro tanto to the payment of said bonds, commencing with number one (1), and paying them consecutively. The intent of the last provision is for five (5) years to annually pay not less than one thousand dollars ($1,000) towards retiring said bonds, and reserving unto the board the privilege, by notice filed three (3) months previously, and published in the manner set out, to pay a greater sum.

Said bonds shall be coupon bonds, bearing interest not greater than seven per cent (7%) per annum, payable semi-annually, on the 1st day of January and July of each year, and the place of payment of the principal and interest shall be fixed by said board, and the said bonds may be sold and negotiated in any market; provided, that in no case shall any of said bonds be sold or negotiated at less than par, except by majority vote of the board, and the money arising from the sale of said bonds shall be paid into the treasury of said levee board, and only paid out on the warrant of the secretary, countersigned by the president.

SECTION 16. 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, and any such bond so issued as aforesaid, shall be [not] valid and 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 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, letter, number and place of payment, and to whom issued or paid, and

whether for cash or on contract for labor, or. for work done or performed, of all bonds so issued, and shall keep the same kind of account of 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 reissued, but every such bond or coupon shall be cancelled by the treasurer, and punched with an instrument provided for that purpose.

SECTION 17. All moneys borrowed or arising from the negotiation or sale of any of said bonds shall be paid into the treasury of said levee board, and shall constitute a levee fund to be used and applied only in building, rebuilding, raising, repairing and maintaining said levee, and other expenses contemplated under this Act, and for no other purpose.

SECTION 18. That to the payment of both principal and interest of the bonds to be issued under the provisions of this Act, the entire revenue of the district, arising from any and all sources, and all real estate subject to taxation, in the district is by this Act pledged, and the board of directors is 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.

SECTION 19. That no compensation shall be allowed the treasurer or the board of directors of the Tucker Lake Levee District, directly or indirectly, for receiving and paying out the proceeds of said bonds, but brokerage not exceeding five (5) per cent shall be allowed by the board should it become necessary in order to sell said bonds.

SECTION 20. Should this Act, for any cause, be declared void or unenforcible, by a court of competent

jurisdiction, after the bonds herein provided for are sold or expense incurred in building of the levee, or obtaining rights of way, preliminary surveys, or any other expenses, then such sums shall nevertheless be a lien upon all the property in the district, subject to taxation hereunder, to that extent.

SECTION 21. It shall be unlawful for any hog, pig, or shoat to run at large on the levee in the Tucker Lake Levee District, 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, about one and one-half inches apart, and fastened securely, so as to prevent the falling out of said rings, and in such manner as to prevent the hog, pig, or shoat from rooting in, or destroying the levee. If at any time, hogs, pigs, or shoats are found running at large and depredating the said levee, without being ringed as aforesaid, the officers or agents of said levee board may impound at the expense of the owner of said hog, pig, or shoat; and, if allowed to run at large a second time by the owner, then the officers or the agents of said levee board may kill or destroy said hog, pig, or shoat without being liable therefor.

SECTION 22. All parties allowing hogs, pigs, or shoats to run at large as herein prohibited, shall upon conviction therefor, be fined in any sum not less than one dollar ($1) nor more than twenty-five dollars ($25).

SECTION 23. 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 April 18, 1905.]

ACT 176.

AN ACT to authorize DeQueen Special School District of DeQueen, Sevier County, Arkansas, to mortgage its property, and for other purposes.

SECTION

I.

2.

Special School District of DeQueen authorized to borrow money, mortgage school property and issue bonds in payment.

Mortgages to be in form as other like instruments.

3. Rights in law or equity of said districts.

Be it enacted by the General Assembly of the State of Arkansas:

SECTION 1. That the Board of Directors of DeQueen Special School District, DeQueen, Sevier County, Arkansas, is hereby authorized and empowered for the purpose of borrowing money to build and equip DeQueen High School building, to mortgage any part or all of the real property of said district, and to issue bonds, notes or other evidence of indebtedness, not to exceed in amount the sum of fifteen thousand dollars ($15,000), under such conditions as to time and manner of payments as the said board of directors of said district may prescribe, and to renew and extend, from time to time, any evidences of indebtedness, or mortgage made by virtue hereof. And said board of directors is further empowered to pledge or use two mills of the levy of taxes annually of said district, for the purpose of paying or creating a sinking fund for the payment of the money borrowed, with interest, for the building and equipping the school building herein provided for.

SECTION 2. That said mortgage of real property shall be in form in all respects, as are other instruments of like kind and shall be construed and held to have the same force and effect as-though it had been the act of an individual; and against said instrument said district shall be allowed no defense by virtue of its capacity as a school district, nor be allowed any defense in law or equity not accorded to individuals.

SECTION 3. That nothing in this Act shall be so construed as to prevent or cut off from said school district any right in law or equity, which as a real person it might claim, in any action by or against said district under this Act, it shall be deemed and treated, so far as may be practicable, as a real person.

SECTION 4. That 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 April 18, 1905.]

ACT 177.

AN ACT to provide for the election of road overseers, and for other purposes in the counties of Carroll, Fulton, Izard, Johnson, Sharp, Independence, Crawford, Benton, Saline, Conway, Clay, Lee, Union, Randolph, Polk, Madison, Grant, Hot Spring, Marion, Greene, Franklin, Yell, Sebastian, White, Arkansas, Scott, Nevada, Baxter, Stone, and Jackson.

SECTION

I. Provides for the election of road overseers in certain counties.

2.

Laws in conflict repealed; Act in force from passage.