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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. 



§ 11. 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 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 such Treasurer may, with 

 the concurrence of the Mayor and Comptroller of said city, pledge 

 any of said bonds for money borrowed 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. 



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

 ized to be taken by the first section of this act as a public park and 

 place are hereby pledged for the payment of its bonds to be issued 

 by virtue hereof. 



§ 13. In order to pay the interest upon the bonds hereby author- 

 ized to be issued by said city, there shall be added to the general 

 tax for the city of Brooklyn at large, in the year eighteen hundred 

 and sixty-four, and yearly thereafter, and levied and collected therein 

 as hereinafter specified, such sum of money in each of said years as 

 shall be sufficient to pay the interest upon the bonds issued by virtue 

 of this act ; and from and after the year eighteen hundred and 

 eighty-five there shall be added to the general tax for the city of 

 Brooklyn at large, and levied and collected as aforesaid, in addition 

 to any amount so required to pay the interest upon said bonds, a sum 

 equal to one-half of one per cent upon the total amount of bonds which 

 shall have been issued in pursuance of this act ; and from and after 

 the year eighteen hundred and ninety, there shall be in like manner 

 levied and collected in each year, and in addition to the amount 

 required to pay the interest aforesaid, a sum equal to one per cent, 

 upon the total amount of bonds which shall have been issued in pur- 

 suance of this act ; and from and after the year eighteen hundred and 

 ninety-five there shall be in like manner annually levied and collected, 

 in addition to the interest aforesaid, a sum which, together with the 

 amounts above required to be levied and collected, and the accumu- 

 lations thereof, will, with its accumulations, be adequate to pay and 

 discharge the bonds to be issued under this act by the maturity 

 thereof; which said several sums shall be from time to time, and in 

 each year, paid over to the Commissioners of the Sinking Fund of 

 the city of Brooklyn, to be held and managed by them, and shall be 

 applied to the payment of the interest upon said bonds as it shall 

 become payable, and to the full and final redemption of said bonds, 

 and for no other purpose. And it shall be the duty of the Mayor 

 and Comptroller of the said city to estimate and ascertain the 

 amounts required to be so added to the general tax by virtue of this 

 section, and to transmit a statement of the same in each year to the 

 Board of Supervisors of the county of Kings in time to have such 



