LAWS RELATING TO AGRICULTURE. 



for which a tax is to be or would otherwise be levied, and the surrr 

 which it would be necessary to raise by taxation for any purpose, if no 

 such reapportionment was made, shall thereupon be reduced to the extent 

 of the transfer thus made ; provided, however, that this act shall in no> 

 wise be considered as authority to make such reapportionments or any 

 transfer of funds at any other time than the meeting aforesaid to determ- 

 ine the tax levy nor to authorize transfers at any one such meeting of 

 over three thousand dollars in the aggregate, nor that the amount which, 

 may be lawfully raised by taxation for any purpose may be increased by 

 such transfer. 



SEC. 2834(7. [Power to borrow, to extend time or change debt.] 

 The trustees of any township, the board of education of any school dis- 

 trict, except in cities of the first class, and the commissioners of any 

 county, for the purpose of extending the time of payment of any indebt- 

 edness which, from its limits of taxation, such township, school district,, 

 board of education or commissioners, for the best interest of said town- 

 ship, school district or county, shall have power to issue bonds of such 

 township, school district or county, or borrow money, so as to change 

 but not to increase the indebtedness, for such length of time, in such 

 amounts, and at such a rate of interest as the said trustees, board of educa- 

 tion or commissioners may deem proper, not to exceed six per cent, per 

 annum, payable annually or semi-annually ; 



[Resolution as to such debt.] Provided, however, that no indebt- 

 ness of any township, school district or county shall be funded, refunded 

 or extended unless such indebtedness shall first be determined to be an 

 existing, valid and binding obligation of any such township, school, 

 district or county by a formal resolution of the trustees, board of educa- 

 tion or commissioners of any such township, school or county, 

 which resolution shall so state the amount of the existing indebtedness 

 to be funded, refunded or extended, the aggregate amount of bonds to- 

 be issued therefor, their number and denomination, the date of their 

 maturity, the rate of interest they shall bear, and the place of payment 

 of principal and interest. 



[Levy to meet payment of bonds.] And for the payment of the 

 bonds issued under this section, the township trustees, the board of edu- 

 cation or commissioners shall levy a tax in addition to the amount other- 

 wise authorized, every year during the period the bonds have to run, 

 sufficient in amount each year to pay the bonds falling due within the year 

 and the accruing interest. 



SEC. 2834^. [Restrictions; no contract, etc., unless money is in 

 treasury and set apart ; non-applicability of section to employment of 

 teachers, officers and other school employes.] The commissioners 

 of any county, the trustees of any township and the board of education 

 of any school district, except in cities of the first class, of first, second 

 and third grade, shall enter into no contract, agreement, or obligation 

 involving the expenditure of money, nor shall any resolution or order 

 for the appropriation or expenditure of money be passed by any board 

 of county commissioners, township trustees or board of education, except 

 in cities of the first class, of first, second and third grade, unless the audi- 

 tor or the clerk thereof shall first certify that the money required for the 

 payment of such obligation or appropriation is in the treasury to the 

 credit of the fund from which it is to be drawn, or has been levied and 

 placed on the duplicate, and in process of collection and not appropriated 



