The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-05-11
ORDINANCE NO. loa.

AN ORDINANCE providing for the issuinr Of
Bonds to the Keokuk, Fort Dcs Moinss and Min
nssota Railroad Company.
NasaEAs, In accordance with IN act Il the
General Assembly Of the State Of 1oOa, entitled
"An Act to authorize the City u Ksoksk TO levy
direct tax Of not to exceed one hsndred and Atty
thousand dollau, for the benefit Of the Ksok uk N.
Dss Aoines and Minnesota RAilroeA Company
approved January ~, 1857, the Mayor u said city
did order an election by the legal voters Of said
city, submi tting the following proposition, TO- H.
"Willthe City VI keoksk levy direct tai II ose
hundred and Atty thousand dollars, for The benefit
OF the kookuk, -. Dcs Msinss and Ainass
kailroad Company principal and interest ON the
same sum Mt the rate Of not exceed ten per cent
Per annum to Be collected, ons third land interest
on whole sum orde.ed) in one year, one third (aad
interest on two-thirds) in two years. and sns.hrd
land interest on same) in thrss years from date Of
,ssss Of the Bonds. to he issued In pursuance with
the provisions Of said Get " and whereas said propo-
stion va. voted upon on the Esd day Of April 1887
and whereas said proposition was carried BY sn
almost unsnimous vste, there being only fourteen
votes against IL, therefore,
Do !, rdainsd BY the City Council Of tAs City Of
keokuk, SxcYlos /. That the Mayor Of the city 10
hereby authorised AID directed " rsus TO ths kso
kuk, Fort Dss Aolnes and Minnesota Railroad
Company, one hundred and fifty Bonds Of the City
Of ksokak, Of one thousand dollars each, dated
May lst, 1851, and drawing ton per cent. interest
Per Annum. with interest coupons attached fron
date, payable annually Mt the once Of duncan,
oncImah . To-, In Cltl OF New York, and the prln.
cipai payable at the place, Atty Of them pay
abs 10 one year from da,e, Atty Of them Pay shle
IN two years from date, and Fifty in three years
from date,
sKc. ?. And be il further ordained, That .
special directtax be and the same 10 hereby levied
upon all thu taxable pr operty In the City Of Kso-
kuk, VI riNty Ave thousand dollars for the year
1921 aud sixty thousand dollars for tho year 1858,
and OF nifty i've thoun nd dollars for the year 1850
this said ta1 10 he collected in the same manner
that other axes are collected except that The City
Council may extend the time Of collection % that
said tax levied for the year lsS7 shall Do all col
lscted against the frst day II April 1851; and the
Axiey.sd for the year 1858 against tho hrst day
of April, 1889 and the tax levied FOR the year
1852 against the frat day Of april 1860 and that
the tax levied and collected shall be set apaYt
separate from other taxes, and sacrsdly held and
applied by the City Treasurer, for the payment Of
said Bonds and interest eo-pons - they become
due.
SEC. 8. That the collector Of said tai shall rive
zach tax payer, or his agent or legal rspresents-
tive on receipt VI the tax, receipt for the amount
and certify ing that IL will paid by the Kcokuk
Fort Dcs Moincs and Minnesota Railroad Compa.
ny in scrip Of said Company or when prescn ted in
sums Of even hundreds Of dollars will be pai d in
certiheates u stock OF said Company At par, ard
that tue raid scrip, when presented In sums Of
even hundreds OF dollars, will be redeemed in the
same manner by the issue Of certificates Of stock
VI said Company Mt par.
Passed April -, 1877
tAttes.l HAWKINS TAYLOR,
ID. o MERRIAM, Clerk. Mayor.