Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-08-12

An ordinance in relation to the Bonded In
debtedness of the city Of Davenport.
Wares. the General Assembly Of the State
Of Iowa passed an oct which vas approved April
a. 1858. being chsp,.r u 2. ss:s laws 2, me
sbls Municipal and Pablic Oorpofstiens, q thsir
election TO settle, sdjust and compound their
indsbtsdness" &c and
Wleveas. il 10 founded In said act that emo
compromiee shall be made Hereunder until the
C,tv Council submit the question, whether the
powers given BY the ass shall be exercised by
The eity. 10 the voters Of said city q some gen
sral or special slection', and
WAsrsas. aiso. the said act gives the city pow.
er TO pass oil ordinances and resolutions nsces.
sary 10 carry into effect the powers conferred
by the said act Therefore,
BE a snaeted By the CITY Coandl Of Me cry
or Darenport:
Section i. That as provided bv section one
q and ten or of the aforesaid act OF the Gen.
erai Assembly, the question whether the powers
qiver; by the said act Of the General Assembly
Shall be- exercised by the City OF Davenport,
shsil be submitted to the legal voters Of the said
civ as hereinafter provided. The form Of the
question to be thus submitted, shall % a. fol-
.Sh ali tho CITY Of Davenport settle its debts
under and By virtue Of the provisions Of N Get
of the General Assembly, entitled IAN Act to
enable Municipal aud Public Corporations at
their indebtedness, and - provide for the issue
of new bonds a. for the payment Of such new
bonds by the levy OF specific taxes. and for this
purpose altering and amending existing charters
and laws. Approved April1. 1861
The suswer on the ballot containing the ques.
tion sh iii be .Yes" or mo" If the majority
OF votes cast are .Yes" then the City Council
Of the CITY Of Davenport may III it finds that sat
isf.ctory terms can be haAl exercise the powsro
given by Che act in the manner therein prescr,b
ID and not otherwise, but no creditor Of the city
can IN any event, event majority vote yes,
compel the city 10 exercise those powers against
ita viii or against what il deems 70 bs for the
best interest OF the city.
1ectiou 2, The vote on the question thus -
h auhm jtted she'll 30 taken 1t . special election,
70 be holden in the city Of Davenport, on Satsr.
day, the 18th day Of Ssptembsr. A. D.. 1858.
IN each ward in the city. q Z. n. and 70 con-
tinue epen until o'clock p. n, which said cleo
ton sbsll be conducted - provided BY chapter
thirteen (is) Of the ordinances Of the city Of
Davsnport.
The CITY Council shall appoint judges and
clerks for said election, who ehsll qualify ~ re-
auired BY Law, and whs shall canvass the vets
and make returns to the City Council - rsquir-
Cd by the charter and ordnasces Of the said city,
a. in case Of ordinary municipal elections.
All persons auth orissd to vote q ordinary city
slsctons are authorized to vsts the said election
herein provided for
Section g. A notice of the submission OF said
question shall be published in the Davenport
iiosetts. Davenport DBuoCoA4, Der Democrat.
The Westsrn .Soid.Us Friead, md True Radical.
or majority Of said papers, for the space Of
four a. weeks ito be u least four insertions in
said papers. or a msjority Of thsm) prior to the
day Of election.
electors Of the city that vote will be taken
(specifylng the tius) on the question whether
the city Of Davenport will settle its debts usdsr
and by virtue Of an act 70 enable municipal and
public corporations. at their election, to settle,
adjust and compound their Indebtedness, DC !,
approved April I'd. 1858. and shall be signed by
the City CLERK.
Sec. 4. The result Of the election. after being
canv sssed, shall b entered upon the records OF
the city.
Section 5. In 9 majority Of the votes cast
at said electiou 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 settlem. mt
herein contemplated.
Each Of said Commissioners before entering
upon the discharge Of his duties, shall take and
subscribe an oath in writing (which ehsll b
preserved by the City Clerk q follows:
!, - -, having been appointed . Com
missioner for clts of Davenport, under Chapter
O. of the Laws Of The Twelfth General Assem-
bly,, do solemny swear that will discharge the
duties .of such Commissioner to the best Of nv
ability; that viii 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 iu
any such bonds during the time ] shall oct %
such Commissioner; and that in all things
touching my said appointment will act with
On eye single to the good Of the city.
Each Of said Commissioners appointed BY the
hall in I'M IN NJ linn
Of all services rendered Except actual expens
es and outlaws not to exceed the sum Of one
hundred. dollars per nnnum. or At that rate If he
shall serve less more than year.
Section s. The commissioners to execute the
powers given by the said chapter 81 of the Laws
of the Twelfth General Assembly shall be APP
pointed by the C.iy Council in case said question
is decided aifrmaively, and the Mayor Of the
city shall be ex-oflicio a member Of the said
Board of Comm ssioners.
In case the contingency happens in which
said Commissioners are to act they shall pro-
vide book and keep theaein q record Of all of
their acts and doings shall keep and preserve
all letters addressed TO them or either of them.
and shall retain copies of letters written to them
or either OF them 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 il il hereby declared that 20 act of the
Board of Commissioners in settling or comprO-
missing any debt shall bind the city until such
act is 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 all times. be open to public inspec
ton, and shall be published with the other acts
and dongs 1.-THE City Council.
Passed and approved August 9Th, 1858.
NJ. DoNAHus, Mayor.