Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1880-02-03
YANkTON CITY BONDS.
The Bill introduced BY Delegate Bennett
,scwss. LeEaltxing their Issue.

b Bill Introduced BY Delegate Bennett
seNss. Le8alixing their Issue.
The following, relating 10 the bonds re-
Gently voted by the citv Of Yanktoo, for
railroad purposes WAS introduced in the
house of representatives on the l4th OF
January, read twice and referred to the
committee on territories and ordered 10 be
printed:
ABILL. Legalizing an election held in the city
of YanktOn, territory of Dakota. at which the
proposition TO issue the bonds of said city In
was submitted. and au' horizing and directing
the issuance of said bonds pursuant to said
election.
WHEREAS the city council OF the city OF
Yank!OO, Dakota territory, at a regular
meeting held 90 the first day of December,
ammo Domini ei eighteen hundred and seventy.
nine, under the general provisions at the
city charter, passed n resolution to submit
to the voters OF said city Of Yankton, at q
special election, IL be held or the thirtieth
day OF December. eighteen hundred and
seven,y-nipe, a proposit,on to issue the
bonds of said city of Yankton in the amount
OF thirty i've thousand dollars, bearing IN
terest at the rate of eight per cenium,
payable semi.annually at the city Of New
York, and to run ten years from date Of
issue, for the purpose OF aiding
in the construction OF the Chi
caeo, Milwaukee and Saint Paul rail-
way, from Rock Valley, In the state If
Iowa, to said Cit OF Yankton, the purchase
Of rights of way, depot grounds, and for
other railroad purposes; and
WHEREAS. In accordance with said
resolution, on the said thirtieth day OF
December, eighteen hundred aud seventy.
nine, at the special election therein provid-
ed for the said proposition to issue the
bonds Of the city was carried by a large
vote of the citizens and Taxpayers Of sud
city of Yankton: and
WHEREAS, Some doubt may exist as to
the power Of said city at Yankton to issue
its bonds tor such purpose IN absence OF any
express authority Of congress, permitting
or directing their issue: Therefore
Be Ienacted By tile senate and house Of
representatives Of Ms United States of Amer.
tcG IN congress assembled, That the said
resolution OF the city council of Yaukton,
so passed on the first day of December,
eighteen hundred and seventy nine, srb-
hitting to the voters Of said city the propo.
sition to issue its city bonds In the amount
of thirty.five thousand dollars, bearing in
terest at eight per centum. payable semi.
annually at New York, aod to run ten
wears from date Of issue, to aid in the con-
struction of the Chicago. Milwaukee and
Saint Paul railway, from Rock Valley, in
the state of Iowa, to said city of Yankton,
10 purchase rights of way, depot grounds.
and for other railroad purposes, and the
subsequent election held on the thirtieth
day OF December, eighteen hundred and
seventy .nipe, under and IN ac-
cordance with said resolution, are hereby
declared to be valid and binding and of the
same force and effect in all respects whatso.
ever as if said resolution had been passed
and said election held under and by
virtue Of a epecial act of congress authoriz.
ing the same; and the mayor and city
council Of said city Of Yankton are hereby
authorized, empowered, and required 10 is
sue the bonds of the said city of Yankton in
the amount of thirty-ive thousand dollars
in accordance with eaid resolution /; and
said bonds, so issued, shall have the same
and be of equal binding force, as
obligation of said city Of Yankton, as
they would have and be if a special act of
congress had first been passed authorizing
and providing for their Issue for the purpo.
ses named in said resolution.