Municipal Corporations — Validity op Negotiable Bonds — Bona Fide Purchasers. — Where a city has unquestionable power to issue negotiable bonds, the proper steps being first taken, bona fide purchasers of such bonds before maturity take them free from all defenses based upon mere irregularities in the issue of the bonds, .or upon noncompliance with preliminary requirements, not going to the question of power to issue them.

Id. — Validity op Ordinances por Issue op Bonds — Time op Passage— Special Statute — Municipal Government Act. — Ordinances passed under the act of 1889, with reference to the issue of municipal bonds for the construction of a system of water works and sewers, are specially governed by that act as amended in 1891, and may be passed on the day upon which they were introduced, without reference to the general provisions of section 861 of the Municipal Government Act, which provides that “no ordinance and no resolution granting any franchise for any purpose shall be passed by the board of trustees on the day of its introduction, nor within five days thereafter, nor at any other than a regular meeting.”

Id. — Publication op Preliminary Ordinance. — Where the statute requires the publication of a preliminary ordinance determining that the public interests or necessity demands the construction and completion of a system of water works and sewers for at least two weeks in some newspaper published in the municipality before the passage of the final ordinance calling a special election upon the question of the issuance of bonds for such purpose, a publication of the preliminary ordinance from October 6th to October 19th, both days inclusive, in a daily newspaper, is a sufficient compliance with the statute, and the final ordinance may be passed at a regular meeting held October 20th.

Id. — Definition op “Week” — Publication for Two Weeks'. — A week is defined by the code to be a period of seven consecutive days, and an ordinance published on fourteen consecutive days prior to the passage of a second ordinance is published for at least two weeks prior thereto.

Id. — Definition of “ Day” — Fractions of a Day. — A day is the period of time between any midnight and the midnight following, and fractions of a day are not regarded in law, unless justice requires it, or where the order of successive events is to be ascertained.

Id. — Computation of Time — Inclusion of First Day’s Publication.— Where there is no date or event suggesting the exclusion of the first day’s publication in the computation of time it is to be included, and the rule stated in section 12 of the Code of Civil Procedure does not apply in such case.

Id. — Change of Number in Denomination of Bonds — Power of Board. Where the ordinance authorizing the publication of notice of a special election stated the number of bonds proposed to be issued as fifty, of the denomination of five hundred dollars each, a subsequent ordinance after the vote for the issuance of the bonds, changing the number to forty bonds of five hundred dollars each, and twenty bonds of two hundred and fifty dollars each, does not affect the validity of the bonds, although the statute provides that the ordinance shall state the number and character of the bonds to be issued.

Id. — Directory Statute. — Those directions of a statute which are not of the essence of the thing to be done, and by the failure to obey which the rights of those interested will not be prejudiced, are not to be regarded as mandatory, but directory only.

Id. — Semi-anudad Payment of Interest. — Where the regular interest affixed upon the bonds does not exceed the statutory limit the bonds are not invalidated for the reason that they provide for the semi-annual payment of interest.

Id. — Amount of Annual Tax Levy. — Where the ordinance calling the election contains all the data required for the purpose of calculating the precise amount of the tax levied for each year it is sufficiently certain, being capable of being rendered certain by calculation.

Id. — Injunction Against Tax Levy — Bona Pide Purchasers — Right of Taxpayers. — Taxpayers cannot enjoin the levy of a tax to meet the annual installment of principal and interest due upon municipal bonds in the hands of bona fide purchasers, by reasons of objections to matters of mere irregularity, which do not affect the validity of the bonds.