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

An ordinance relation TO the Bonded In.
debtedness OF the city oil Davenport.
Wh.reas, the General AssemoIy Of the Sta.e
of Iowa passed III ect which vas approved Apr
ID, ls6e, being chapter 81 Of tue laws Of the
18th Genef al ASSEMBLY, entitled IAN act TO en-
able Municipal ana z abhc Corporations, a their
election TO settle, adjust and compound their
indsbtedness'' dc; and
Whrsas, IT Is founded in said act that emo
compromise shall be made hereunder until the
OHsy Council submit the question, whether the
powers given by the act shall be exercised by
the citv, to the voters Of said city ct some gen.
eral or special election and
= WA.reds, also, the said act gives the city pow
er to pAss all ordinances and resolutions neces-
sary TO carry into effect the powers conferred
by the said act Therefore,
Re IL ENACTED ~ the C.ty Coun0f nj fAs City
or Ddrsnpsrt:
Section l. That IS provsded by section one
l) and ten 10 q the aforesaid act OF the Gen
eral Assembly, the que stlon whether the powers
gwen by the said act Of the General Assembly
shall be exercised by the Ci,v ct, Davenport,
shall be submitted TO the legal voters Of the said
city rs hereinafter provided. The form Of the
question TO be thus submitted, shall % as fci
lows
shall tho CITY Of Davenport settle its debts
under and by virtue Of the provisions OF an aci
of the General Assembly, entitled IAN Act TO
enable Municipal aud Public Corporations at
their election, 70 settle. adjust and compound
their Indebtedness, and to provide for the issus
Of new bon ds an Tor the pay ment Of such new
bonds by tue levy OF SPECIFIC taxes. and for this
purpose sltsring and amending existing charters
and laws. Approved April =, 1865
The snswer on the ballot containing the ques.
tion shall be Yes or NO" II the MAJORITY
of votes cast are "Yes" then the City Council
OF the City of Davenport may IF it linda that sat
isfactory terms can be had exercise the powers
given By the act in the manner thsrein pPescrib.
ed and not otherwise, but no ere dtor OF the city
can in any event, even II . majority vote Yes
compel the city TO exercise those powers agains,
its will or avainsi what ii deems to be for the
best interest Of the city.
Section .. The vote on the question Anus "a
be submitted shsl be taken st special election,
to be holden in the city Of Davenport on Satur-
day, the 18th day Of September. A. y. ISIS.
On the said day there shall bs . poll opened
In each ward in the city, q . I. NJ. and 10 cor
tinue open until o'clock p. NJ, which said else.
tion shall be conducted - provided by chapter
thirteen QS) OF the ordinances Of the city OF
Davenport
The City Council shall appoint judges and
clerks for said election who shall qualify - r..
CURED BY Law, and whe shall ceavass the vote
and make returns to the City Council - requir-
ed BY the charter and ordinsnces Of the said city
- in case Of ordinary municipal elections.
All persons auth orized to vote ct ordinary city
elections are authorized TO vote the said election
herein provided for.
Section :. A notice of the submissisn Of said
question shall be published in the Davenport
the Western Soidsers Fysead, md 1vss Radical.
or maiority Of ssid papers. for the space o.
four ~ weeks ito be u least four insertions in
said papers, or a msjority Of thsm) prior TO the
day Of election.
Said notice shall. in substance. nosify the
electors Of the city that vote will b taken
sSpeey,ns the tue on tn. qu; y. sns .nssser
End BY virtue Of IN ct 70 enable municipal end
public corporations, ct their election. to settle,
adjust and compound their indsbtedusss, %
approved April I'd. 1858, aud shall DO signed BY
the City Clerk.
Sec. 4. The result of the election, after being
canvassed, shall be entered upon the records OF
the city.
Section 8. In case majority Of the votes cast
81 said election shall be Yes Ill Of the re-
str.ctions and limitations on the pow ers Of the
commissioners in said act conSeine" snail be
observed By them in making the settlsmt mt
herein contemplated.
Each Of said Commissioners before entering
upon the discharge Of his duties, sh.ll TAKE snd
subscribe an oath in writing (which ahall be
preserved BY the City Clerk - foiiows:
L. -, having been appointed Com
missioner for city Of Davenport: undsr Chapter
% Of the Laws Of the Twelfth 0snerai Assem-
bly,. do solemnly swear ID i will discharge the
duties. OF such 0smmissicner to she best OF my
ability; that will observe the provisicne o.
said ct and Of this ordinance n the eisenarge
Of said dutiss that am mot the evner. direct
y or indirectly, Of any bonds s9siess ne city,
nor will becems the owner or interested 10
any such b0nds during the time sheii eeS a
such Commissioner and that ~ 81 shanas
touching my said a)pointmens VA ses WIN
u eye single to the good Of the Guy:
Esch Of said Oemmissisners appointed ~ the
Citv Council shall receive 10 full compensation
Of oil services rendered (excePs ecsua expens
- and outlays) not to exceed ne sun OF one
hundred dollars pr annuu. or % snes rese II ne
Dhall serve less or moro thsn . year.
Seesion g. The commissioners % execose sne
powers given BY The said chapter " cftne Laws
If the Twelfth General As:emo! Ia. n.os.;a.
. decided a6rm asively. and the heyos OF sne
,ity shall be sx-o0cio . member Of the SAID
hoard Of Commissionere.
In cass the contingency happens IN which
aid Commissioners are TO oct they ehalI pro-
ids book and keep theaein record Of oil Of
heir acts and doines; shall keep and preesrve
II letters addressed TO them Or either Of them.
nd shall retain copies Of letters written to them
= either Of them 10 relation to the city debt, al
{ which shall be subject TO inspection BY order
I the Council. and their said record at oil times
pen to public inspection.
And it 10 hereby declared that no act Of the
|osrd Of Commissioners in settling or compro-
,ising any debt shall bind the city until such
Ct il reported to the City Council and approved
Y il.
The City Council shall likewise keep . record
its acts and doings on the premises, which
hall also. ct OH times b. open to public isspse-
on, and shall be published with The other aets
ID doipes efths Uisy Council
Passed end apprevsa Ausust Stb, lsse.
II. DoRAnun, Msyor.
49,, H. f>,s0 rite C1eee