Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-08-15

An ordinance in relation to the Bonded In
debtedness Of the city Of Davenport.
Of Iowa passsd IN ct which wss approved April
-. 1855, being ehsPter u Of the. laws Of the
l9eh General Assembly, entitled "An oct TO en-.
able Municipal and Public Corporations, sttheif
election 70 settle. adjust and compound their
indebtsdness'' &c and
WAaeas, il 10 founded in said oct that "no
compromise shall b. made hereunder until the
City Council submit the question, whether the
powers given BY the act shall be exercised ~
the city. 70 the voters Of said city st some gen.
sral or special election" and
Whsreds, diso the said act gives the city pow
er 10 pass all ordinances and resolutions nsces-
ssry 10 carry into effect the powers conferred
by the said act Therefore,
BE it enacted By the CITY Couadl Of tho City
Of Uarenpcrt:
Section /. That Is provided bv section one
u) and ten (l0) of the aforesaid act of the Gen
eral Assembly, the question whether the powers
given by the said act Of the General Assembly
shall be exercised BY the CITY Of, Davenport,
shall be submitted TO the legal voters OF the said
city as hereinafter provided. The form Of the
question to be thus submitted, shall De as fol
lows:
"Shnll tho City Of Davenport settle its debts
under and BY virtue of the provisions OF an act
VI the General Assembly, entitled AN Act to
enable Municipal and Public Corporations 1t
their election, 20 settle. adjust and compound
their Indebtedness, and TO provide for the issue
Of new bonds and for the pay ment Of such new
purpose altering and amending existing charters
and laws. Approved April >. 1867
The answer on the ballot containing the Ques-
ton shall be Yes or "No" If the MAJORITY
Of votes cast are "Yes" then the City Council
of the City of Davenport may if il fnds that sat
isfactory terms can Be hadi exercise the powers
eivep By the oct in the manner therein prescrib-
q and not otherwise, but no creditor Of the city
can in any event, even II . majority vote "Ycs"
compel the city to exercise those powers against
its will or aeainst what it deems to b for the
best interest Of the city.
30 submitted shsll b. taken at special election,
day. The 18th day Of september. A. b. 1858.
- the said day there shall 10 . poll opened
II ssch ward In the CITY, ct 2 4. T.. and TO con-
tinus spsn until 8 o'clock p. u which said cleo
thirteen Qs) Of the ordinances Of the city Of
Davenport.
The City Council shall appoint judges and
clerks for said election, who shall qualify - re-
CURED By Law. and whs shall canvas The vote
and make returns 10 the City Council - requir-
q in case Of ordinary municipal elections.
All persons auth to vote at ordinary city
elections are authorised 10 vete the said election
herein provided for.
Section g. A notice Of the submission Of said
question shall be psblishsA in The Davsnport
the Wsstsrn .SoLdie,S Ftiesd, and True Radical.
or majority Of said papers, for the space Of
four ~ weeks TO be q lsast four insertions in
said papers. or . majority Of thsm) prior to the
day Of election.
Said notice shall. in substance. notify the
electors Of the city that vote will b. token
(specifying the time) on the question whether
the city Of Davenport will settle its debts under
and BY virtue Of IN act to enable municipal and
public corporations At their election. to settle,
adjust and compound their indebtedness. 10
approved April I'd, 1868. and shall be signed by
the City CLERK.
Sec. a. Tho result Of the election. after being
nvasaed, shall be entered upon the records OF
the city.
Section 3. In case majority Of the votes cast
At said election shall be { Yes" all Of the re-
strictions and limitations on the pow ers Of the
commissioners in said act contained shall be
observed by them in making the settleme Mt
herein contemplated.
Each Of said Commits siouers before estering
upon the discharge of his duties, shall take and
| subscribe an oath in writing (which shall be
preserved by the City CLERK As follows:
!, - -, having been appointed Com
missioner for city Of Davenport. under Chapter
O. Of the Laws of the Twelfth General Assem-
bly,, do solemnly swear that will discharge the
duties. of such Commissioners to the best Of my
ability; that will observe the provisions Of
said act and of this ordinance IN the discharge
Of said duties that am not the owner. direct
~ or indirectly, Of any bonds against the city,
nor will become the owner or interested IN
any such bonds during the time shall act a.
such Commissioner; and that in oil things
touching my ssd appointment will act with
IN eye single to the good Of the city.
Each Of said Commissioners appointed by the
City Council shalt receive in full compensation
of all services rendered Except actual expens
Is and ontlays) not to exceed the SUN Of ono
hundred dollars per annum. or at that ratio il he
shall serve less or more than year.
Section {. The commissioners to execute the
powers given by the said chapter 81 ofthe Laws
Of the Twelfth General Assembly shall be ap-
pointed by the City Council in case said question
is decided ahirmatirely. and the Mayor Of the
city shall be ex-oflicio a member OF the said
Board Of Commissioners
In case the contingency happens in which
said Commissioners are TO act they shall pro.
vide book and keep iheaein record Of oil Of
their acts and doings; shall Keep and preserve
all letters addressed 10 them or either of them.
and shall retain copies of letters written to them
or either Of them IN relation TO the city debt all
OF which shall be subject to Inspection BY order
of the Council. and their said record at all times
open to public inspection
And it is hereby declared that no act of the
Board Of Commissioners in settling or compro-
missing any debt shall bind the city until such
act il reported TO the City Council and approved
by il.
The CITY Council shall likewise keep q record
OF its acts and doings on the premises. which
shall also, at ali times be- open TO public inspec-
ton and shall be published with The other acts
and doings Of the City Council.
Passed and approved August 5th. 1868.
NJ. DOMAINE, Mayor.
Attest: JoHx I.ILLis. CITY Clsrk