§ 25 — Corporation empowered to borrow money and issue bonds and notes therefor

Said Village, at an annual meeting, or any special meeting called for that purpose, is hereby authorized and empowered to vote to borrow money for any of the purposes herein mentioned and to issue its notes and bonds therefor, which bonds and notes shall be signed by the trustees and countersigned by the Treasurer of said Village, and payable at such time or times as said Village may direct; provided, however, that no vote to borrow money or for the issue of notes or bonds, shall be taken at any meeting for which the call or warrant does not specify that purpose. Before said notes and bonds shall issue a record thereof shall be made in a book kept for that purpose in the office of the Treasurer of said Village.

Legislative History

(Added 1892, No. 114, § 25.)