The Bozeman weekly chronicle. (Bozeman, Mont.) 1883-1889, 1884-03-26
ORDINANCE NO. 20.

An ordinance to provide funds for the
purchase of steam fire engine, hose
and hose carts, and other devices and
means for the extinguishment Of fires.
Be it Ordained by the City Council of the
City Of Bozeman:
SECTION, l. That for the purpose of
procuring money for the purchase of q
steam fire engine, hose and other appa-
ratus for the extinguishment of fires
within the city of l;oZeman, a loan shall
be made by the issuance Of coupon b )nds
OF said city to the amount of five thousand
dollars. Said bonds shall be of the usual
form, and of the denomination of five
hundred dollars; shall bear the signature
Of the city treasurer and city clerk, and
| shall be sealed with the corporate seal of
the city, shall be redeemable at the OBJ
| ton of the city after one year, and
become due and payable ten years from
their date and bear interest at the rate of
seven per cent. per annum, payable semi
annually: said interest to be paid and
said bonds to be redeemed by the levy
of special tax for that purpose in excess
OF the three-mill tax, authorized by the
| twenty-fourth section of article five of the
| city charter. And the faith of the CITY of
BOzeman is hereby solemnly pledged for
the payment of the interest and of the
principal of said bonds when the same
shall become due. For the purpose of
the payment of the interest on said
bonds, and the principal thereof when it
shall become due and payable there shall
be annually levied tax of one mill on
each dollar valuation of taxable property
within the city; which tax when collect
ed shall be kept in a separate fund to be
denominated the sinking fund, which
shall be reserved and applied to the pay
ment of the accrued interest, and the re-
demption of said bonds.
Sec. 2. The foregoing section shall be
submitted to the qualified voters OF the
city on the first Monday of April 1884.
after due notice thereof as required bv
section six of article seven of the city
charter, and as provided by ordinance
tions."
SEC. 3. If the first section of this ordi-
nance shall be approved at said election
SO as to he IN force, the city treasurer
shall issue the said bonds in manner and
form as in said section provided, and the
coupons attached thereto shall be signed
by the said city treasurer and city clerk.
SEC. 4. The city treasurer shall give
notice by advertising in all the news
papers in the city, for four successive
weeks, that he will, on the first day CT
June 1884, dispose of said bonds at not
less than their par value. And he is
hereby authorized to sell said bonds,
after approval of bid or bids therefor by
the city council, at their par value or
upwards, and shall keep a register of the
same
Sec. 5. The city treasurer shall pay,
on the first day Of December, 1884, and
semi-annually thereafter upon the pre-
sentation at this Office of the proper
coupon, which shall show the amount due.
and the number of the bond to which it
belongs, the interest due thereon; and
shall report the same in his next ensuing
financial report.
Sec. 6. Whenever, at any time, after
said bonds shall have become redeema-
BILE, the sum in said sinking fund shall
exceed the sum of five hundred dollars.
over and above accrued interest on the
bonds still outstanding; the treasurer
shall cause notice to be published for
four insertions in newspaper published
in the CITY, that he will, in thirty DAYS
thereafter, redeem said amount of bonds
specifying the number, and the date
thereof, giving preference in the numer-
ical order of the bonds; and if, at the
expiration of said thirty days, the holder
or holders shall fail or neglect to present
the same for payment, interest thereon
shall cease; and when SO redeemed said
bonds shall be endorsed paid" by said
treasurer.
Sec. 7. This ordinance shall take effect
and be in force, only, alter the first Sec
ton thereof shall have been approved, by
a vote Of the qualified voters of the city,
as provided by section six of article |
seven of the city charter.
Adopted and approved March IL, 1884.
j. ]. DAVIS. City Clerk.