15 



Common Council of said city shall forthwith declare and establish 

 said lands to which the title shall have been thus perfected, as a 

 public park, or place, as herein provided, (and may make any im- 

 provements thereon, as such park and public place, which they may 

 deem proper). In case any party, officer or person who is by this 

 act directed or authorized to apply for the appointment of Commis- 

 sioners, or for the confirmation of any report made, by such Commis- 

 sioners, shall neglect to make any such application in the manner 

 and within the times in this act limited, such application may be 

 made by any resident of the city of Brooklyn, being an owner of 

 real estate in the said city, and the Court shall proceed thereon as if 

 the same had been made by the person or officer hereinbefore author- 

 ized and directed to make the same. 



§ 11. For the purpose of paying for the land mentioned in the 

 the first section of this act, and for the regulation and improve- 

 ment of the same as in this act provided, the bonds of the city of 

 Brooklyn, to such an amount as shall be necessary for that purpose, 

 shall be issued by the Mayor, Comptroller and Clerk of said city, 

 from time to time, as the same shall be required for the purposes 

 aforesaid ; which bonds shall be issued in the manner, and shall be 

 in the form of the bonds issued by said city under the provisions of 

 an act entitled " An act to provide for the supply of the city of 

 Brooklyn with water," passed February eleventh, eighteen hundred 

 and fifty-seven, except as herein otherwise provided ; and said bonds 

 shall be payable in not less than forty-five, nor more than sixty, 

 years from the date thereof, and shall bear interest at the rate of six 

 per cent per annum, payable half-yearly, on the first day of January 

 and July, in each year ; and the said bonds and the proceeds of the 

 sale thereof, shall constitute the fund for paying the costs of the 

 lands in the first section of this act mentioned, and for the improve- 

 ment of the same. And as the said bonds are from time to time 

 issued, the Mayor, Comptroller and Clerk shall each cause to be 

 kept in his office, in a book to be provided for that purpose, a true 

 and correct statement and account of each and every bond by him 

 executed, showing the number of each bond and the date and amount 

 thereof, and the time when due, and such book shall be open for 

 public inspection, and shall be delivered by them to their successors 

 in office. 



§ 12. The bonds of the city of Brooklyn, which shall be issued 

 by virtue of this act, may be used by said city, or by the Treasurer 

 thereof, at their par value, in paying any amounts which said city 

 shall have become liable to pay for compensation or damages 

 awarded under this act; or the same may be sold at public or 

 private sale, or by subscription, and on such terms as the Common 

 Council of said city may think proper; and the proceeds of all 

 such sales shall be paid over to the Treasurer of said city, or 

 said Treasurer may, ' with the concurrence of the Mayor and 

 Comptroller of said city, pledge any of said bonds for money bor- 

 rowed temporarily, at a higher rate of interest, not exceeding seven 

 per cent, per annum, if they shall deem it expedient and necessary 

 so to do. 



§ 13. The property of the city of Brooklyn, and the lands author- 



