Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-05-22

t,oh Oh twenty years. ana the interest There
on semi annually interest and principal
payable in the city of New York.
Provided, that said Ordinance shall so
provide. that no bonds shall be- sold for less
than the par value thereof, and shall hear
interest at q rate not exceeding ten per
cent. per annu,n.
j jo ii sF FaKRrsr. Com.
And whereas. in accordance with the pro.
visions Of said resolution. there was on sat
urday the 10th day Of May. A. d.. 1887, an
election held in the several Wards Of said
city. and disappears by the certificates ofthc
Judges thereof. there were in all, il said
election, Eight hundred and seventeen (sl7)
were east For the Loan" Six hundred and
seventy four votes. and Against the Loan
One hundred and fifty three (l53) votes. be
ing . majority for said Loan IT Five hun
dred and thirty-one (53l) votes therefor.
=. Be it further enacted, That the Mayor
Of said city he. and he is hereby authorized
to prepare. or cause to be prepared. londs Of
the city Of Davenport, each for the sum Of
Five hundred dollnr-. and in all to the
amount Of the aforesaid sum Of Two hun
dred thousand dollars. same to he signed BY
the Mayor and Clerk Of said city. and sealed
with the seal thereof. payable, the principal.
at the expiration Of twenty years. from the
time when the same shall be issued. and tn.
interest (which shall not exceed ten per
centum per annum) semi annually. To said
Bonds sh,ll..be attached coupons for the int
rest As aforesaid. which. with the said prin
cipal sum Of Two hundred thousand do!
'srs. shall be payable in the city Of New
York.
3. Be it further enacted. That the Mavor
Of said City. or his successor in office. shall.
whenever from time to time the aforesaid
sum or any part thereof. is or shall he re-
quired for the uses and purposes herein be
fore mentioned. negotiate and dispose Of the
bonds 50 prepared. provided. however. that
in no case shall said bonds or any part there
OF be sold at a less sum than the par" value
thereof.
I. The faith Of the City Of Davenport il
hereby pledged for the payment Of said
principal sum Of Two hundred thousand dol.
lars. and the interest thereon. as herein be-
fore provided. for which payments both Of
the principal su,n and the interest thereon.
II shall he the duty Of the City Council Of
said city. from time to time. as the same lie
comes necessary. to provide. and if at any
time from the ordinary sources of revenue.
sufficient fund. for the payment Of said inte-
rest. as the same becomes due, or any part
thereof, or for said principal sum. as the
same becomes due. or any part thereof. shall
not be received. then shall it be the duty Of
the City Council Of said city TO levy a spe-
cial tax for the purposes aforesaid upon the
taxable property Of said city.
Which was passed.
Ahe ordinance reported the
following Ordinance, which was passed
AN ORDINANCE TO amend Chap. 81 Of
Revised Ordinances.
De it enacted hy the City Council Of the
City If davenport.
Sec. !. The FIRST section Of the fifty-6rst
chapter Of the Revised Ordinances is here
BY repealed. and in lieu thereof. the follow
ing Is enacted - Section first Of sid chap
ter. to wit
Whenever it shall be deemed expedient
by the City Council TO grade and pAve-or
~macadamize the Streets. Alleys or Public
Landing Of said city or any part thereof.
said Coancil shall by order or resolution ii
rect the Street Commissioner to grade and
properly prepare the same. together with
the sidewalks along said streets, il any
there be. for such paving or mscadamixing.
Aid. Bowling offered an Amendment to
allow pay to al those who had previously
graded their own side walk-Lost.
The Ordinance Committee reported the
following Ordinance. which was adopted.
AN ORDINANCE to amend an Ordinance.
entitled An Ordinance requiring own
~ o. Third IT.. between We. tern Ave.
u and Fillmore a.. on the North side
of said street to lay a plank sidewalk
u front Of their property. BY striking
u the words " First Of Nay" and in
ssrt instead the words Fsr4t Of Jelly"
The following Ordnance was offered and
paassd:
AN ORDINANCE I M I'd an Ordnance
paeasled "An Ordnance providing Ss
he ssllsstisa ees Road Psu Tas asa
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SMt SlnlnA,