23 



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 statemeol and account of each and 

 every bond by him executed, showing the Dumber 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 deliv- 

 ered by them to their successors in office. 



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

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

 Treasurer thereof, at their par value, in paying any amounts sold - 

 which said city shall have become liable to pay for compensa- 

 tion 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 concur- 

 rence 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. 



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

 authorized to be taken by the first section of this act as a public er y p e g 

 park and place, are hereby pledged for the payment of its bonds 

 to be issued by virtue hereof. 



8 14. In order to pay the iuterest upon the bonds hereby au- Payment 



of interest 



thorized to be issued by said city, there shall be added to the n bonds, 

 general tax, for the city of Brooklyn at large, in the year eigh- 

 teen hundred and sixty-two, 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 sixty-five, there shall 

 lie 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 seventy-five, there shall be 

 in like manner levied and collected, in each year, and in addi- 

 tion to the amount required to pay the interest aforesaid, a sum 

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

 have been issued in pursuauce of this act ; and from and after Fu ^j k p r n ? 

 the year eighteen hundred and eighty-five, there shall be in videdfor. 



