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such public domain, bonds or notes. Such bonds or notes 

 shall be denominated on the face thereof, City or Town of 

 , Public Domain Loan, Act of 1913; shall be 

 payable by such ann.ua! payments, beginning not more 

 than one year after the date thereof, as will extinguish each 

 HOW loan within thirty years from its date; and the 



amount of such annual payment of any loan in 

 any year shall not be less than the amount of the principal 

 of said loan payable in any subsequent year. Each author- 

 ized issue of bonds or notes shall constitute a separate loan. 

 The bonds or notes shall bear interest at a rate not exceeding 

 four and one half per cent per annum, payable semi-annually; 

 and shall be signed by the treasurer and countersigned by 

 the mayor of the city or, in the case of the town, shall be 

 signed by the treasurer and countersigned by the selectmen. 

 The city, by its mayor and treasurer, and the town, by its 

 selectmen and treasurer, may sell such bonds or notes at 

 public or private sale, upon such terms and conditions as 

 they may deem proper, but the bonds or notes shall not be 

 sold for less than their par value; and the proceeds shall be 

 used only for the purposes herein specified. 



1913, 564, sect. 6. The city or town shall at the time of 

 authorizing said loan or loans provide for the payment 

 thereof in accordance with the foregoing provisions of this 

 Assessment act; and when a vote to that effect has been 



passed by the city council, or at any annual town 

 meeting, a sum which will be sufficient to pay the interest as 

 it accrues on the bonds or notes issued as aforesaid by the 

 city or town, and to make such payments on the principal as 

 may be required under the provisions of this act, shall, 

 without further vote, be assessed by the assessors of the city 



