The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1878-06-14
ORDINANCE No 10


AN ORDINANCE PROVIDING FOR THE HOLDING OF
SPECIAL ELECTION AND SUBMISSION OF THE OF IS
lloS OF ISSUING BONDS UNDER THE ACT THEREIN
NAMED.
WHEREAS, The petition OF tc, Local voters re.i
drt' ID the city OF Caro- Illinois ga, been rc,,ntcd
10 me NY council OF the city OF Cairo, representing
20 'aia Council!
mr., That .ad city has heretofore issued its
'n1hlclpa bonds, which are binding. .uhsisiins and
''-al obligations OF laid city, and the spme 20 an
amount lar IN excess Of said citys ability % NV re-
i"Ih outstanding and unpaid; all Of whicl -ait on
standing bonds can. US laid petitioner, tUliryr h.
P"t'ha'eo ma retired 81 about fifty cent? on ,hc
""iaF ny ~ Issuance and sale OF new bond. for 4
mGcE irss amount and drawing n lower rate O in.
lrfH-t 'hs" Nah outstanding bond. nndcr and in
pursuance ui thr act entitled AN ACT 10 amend an
act entitled An act relating 10 county snd city dch
shd 10 PROVIDE !hr the payment thcrco. hv TAXATION
10 .utn ro"hilc, AID cities, approved FchruRr- -
IN force April . ~.
Srord. lh"t 10 the crG aforesaid The said d..
tluoners believe thai il j. the wish al the mgio Civ
OF the legal voters OF saiG city that the proper cor
pof.lc authorities OF raid city ,hs issuc new bond
uhdeT sald act and sell the
sane outstanding TO raise money 70
purchase or retire al OF said bonds-xh,ch new
bonds .hall consist Of 40 bonds numbered To In
o. M G..nominson of sloU each; 80 bonds nun.
bcred ~ to 80 OF the denomination of 500 each
Az bonds, numbered 81 to 80. of the denominh ion
OF SlW each; and ~ bonds, numbered al 10 54O
OF ne denomination Of $50 each, making totai
oeihs ABOUT ~ per centGm Of the sum total of ali
said outstanding bonds proposed 10 he retired ii
OF haId ne" bonds 10 bear date July l. ISIS and
nnm from gs, at n me ratf Of Fix per centum per an
ct 70 be psysble at the First National Bank of Nov
YORK 10 inc city and State OF New York in semi
annual in.Mlments, on the let days OF January and
July OF each year after date OF said bonds and 81
ming through period Of 49,, years as follows 10
VIII, VIZ equal semi'snnusl instruments of 4 no.
cent OF me nee OF said bonds for and during he
nfst YEAR, 81 equal emia.nHal instalments OF 5
thc next 10 YEAR,. and one final instalment NJ ~.
remainder OF principal and interest of said bopn.
al me END Of ,ad 1874 yearseach and ali of said H.
salnehs 10 he evidenced by coupons TO be attached
TO said bonds and payable only upon presentstion
and surrender OF such coupons, and said bonds ~
he also surrcncered and discharged upon nnymcnt
o, SAID coupon. for fns ns,slment. The proceed.
u, ,ne sse oi winch sad Two hundred and seventy
.noussnd dollss new bonds TO be expended uuder
me direction II the proper corporate Authorities of
rsd CITY In the purchase retiring OF each and ali
OIL sara outstanding bonds and for no other purpose
And praying that said Council will submI, n tho
legal voters ofsaid city at special election 70 he
ORDERED ior suh purpose the question OF Issuing
bonus under SID act, In number and amount, and
win interest and Of the tenor and effect and for The
purpose Aforesaid In manner and form as aior"ssid
and ss proyd.d In and by the act Aforesaid and
WhERkAs' SAID Council IL DESTROYS and willing 10
csI said spcdai election and submit said questions
Cairo: " '"' '''!
SECTION !; Ths, special election be held on
Thursday, tls Twenty. Seventh day or limo A n
,s.s IN the several wards in the City of Cairo-at
,he hthehsn building in the first ward at the
Rough and Ready Engine Building In the second
WARD at tie liibcrnian Engine Building. in The
,nird ward Of the Court House In the fourth ward.
foufth ware: and al the store house building Of
lame, James carroll corner Commercial avenue and
I"ehty'eieth street, In the Fifth ward for the mr.
pose Aforesaid at which said special election there
thsll BE- submitted to the legal voters of aid civ
,he qne.tionof issuing the said bonds under The
act aiorcsaldin manner and form and for the mr.
pose specified In the preamble to this ordinance and
az therein SCI, forth. N
SECTION :, That said special election .hall be
ned and due notice thereof shall he given by tho
' CLERK OF sad city, and the ballots cast thrrcat
snnIl read IN manner and form Ms required by The
sald Act approved and IN force April "a 1877
APPROVED: June 5, 1873
HENRY WINTER.
- MAYOR CITY oF CAIRO |
J. Il. PHlLLlS. CITY CLERK.