Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-08-10

An ordinance in relation to the Bonded In
debtedness OF the city OF Davenport
Whersas, the Genera! Assembly Of the State
Of Iowa passed an act which was approved April
I'd. 1858, being chapter 81 of the. laws Of the
l9th General Assembly. entitled ssAn Get to @.
able Municipal and Public Oorporatisns, at their
election 70 settle. adjsst and eonposnd tbsis
Indebtedness" &c; and
Where's, il 10 founded In said act shsS ono
compromise shall be made hereunder until the
City Council submit The question, wAsahss the
powers given BY the act shall be exercised By
the city. to the voters Of said city q some gen
eral or special election" and
r Whereas also, the said oct gives the city pow.
er TO pass all ordinances and resolutions nsces-
sary TO carry into effect the powers conferred
| by the SAID act Therefore,
| BE az enacted ~ the CITY Council Of TIE CITY
| Of Darenpsrt
| Section /. That ss provided bv section one
| % and ten (o) 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 DO As fol
lows:
| shall tho City of Davenport settle its debts
under and by virtue of the provisions Of an &C,
Of the General Assembly, entitled IAN Act to
enable Muncipal and Public Corporations y,
their election, 20 settle, adjust and compound
their indie btcdness, and TO provide for the issue
Of new bon do and for the pay ment Of such new
bonds by the levy Of specific taxes. and for thii
purpose altering and amending existing charters
| and laws. Approved April =, 1857
The answer on the ballot ontaiping the ques
ton shall be Yes" or No" II the majority
Of votes cast are "Yes" then the City Council
Of the City of Davenport may Of il finds that sat
isfactory terms can be hadl exercise the powers
given BY the act in tho manner therein prescrib
a and mt Ofh er0iae Int ~ tho Ell Z
can in any event, evenn majority vote Yes
| compel the city to exercise those powers agains
| its will against what il deems to be for The
| best interest Of the city.
Section =. The vote on the question thus K
be submitted sha1l be taken ct special election
to be holden in the city Of Davenport. on Satur
day, the 18th day Of september, A. d. 1868.
On the said day there shall be a poll opened
In each ward in the CITY, at 3 Z. NJ. and to con
tinue open until y O clock r. NJ, which said cleo
tion shall be conducted ~ provided by chapter
thirteen tl31 OF the ordinances Of the city o
Davenport.
The City Council shall appoint judges .ant
clerks for said election, who shall qualify ~ r.
quired BY Law, and who shall canvass the vot'
and make returns to the City Council a. rsquir
| ed by the charter and ordinances OF the said city
as in case of ordinary mupicipal elections.
| All persons authorized 10 vote at ordinary city
elections are authorized to vote the said election
| herein provided for.
Section 3. A notice of the submission Of said
| question shall be published in the Davenport
| Gdeette, Davenport DsuoCsAS, Der Democrat
the Wssttrn SOLDIER Ftsead, and True kadsc0t
| or maoritv of said papers. for the space o
four a. weeks ito be 1t least four insertions Ia
said papers. or a majority Of them prior to tht
| day Ot election.
electors of the city that . vote will Be tsker
| specifying the time) on the question whether
the city OF Davenport will settle its debts undel
and by virt0e Of AN act to enable municipal anc
| public corporations. at their election, to settle
| adjust and compound their indebtedness, dc
| approved April I'd, 1868, and shall be signed by
the City Clerk.
Sec. 4. Tho result of the election, after bein1
canv assed, shall be entered upon the records o
the city.
Section s. In case ma; ority Of the votes cas-
at said election shall be :. Yes all Of the re
strictions and limitations on the pow ers Of Tho
| commiss onsrs in said act contained shall b.
observed by them in making the settlemtn
herein contemplated.
Each Of said Commissioners before s1terinf
| upon the discharge OF his duties, shall take ant
subscribe an oath in writing which shall b,
| preserved BY the City Clerk A. follows
L. - -, having been appointed Com
missioner for CITY of Davenport. under Chapter
q of the Laws OF the Twelfth General Assem-
bly,, do solemnly swear that will discharge thu
dutieslof such Commissioner TO the best Of ny
ability that will observe the provisions o
said act and of this ordinance n the discharg,
of said duties that am not the owner. direct
" or indirectly of any bonds against the city
nor will become the owner or interested Ii
any such bonds during the time | shall Get .!
such Commissioner; and that in all thing
touching my said appointment will act witt
IN eye single to the good of the city.
Each of said Commissioners appointed by thu
City Council shall receive in full compensated
of all services rendered except actual expens
| es and outlays) net to exceed the sum of one
hundred dollars per annun. or at that rate il ht
shall serve less or more than year.
Section {. The commissioners TO execute thu
| powers given by the said chapter 67 ofthe LAW
| OF the Twelfth General Assembly shall be ap
pointed by the City Council in case said question
is decided Automatically. and the Mavor Of tn,
| city shall be ex-oiicio q 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 theaein q record OF all o
| 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 IN relation TO the city debt, al
Of which shall be subject to inspection by order
Of the Council, and their said record at ell times
| open to public inspection.
| And il 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 is reported to the City Council and approved
BY il.
The CITY Council shall likewise keep record
OF it's acts and doings on the premises, which
shall also, at all times be open to public nspec-
ton, and shall be published with the other acts
and doings of the City Council.
Passed and approved August 9Th, 1855
NJ DoSAHuE, Mayor.
Attest: JeHx LILLi,. City Clsrk.