The Bozeman weekly chronicle. (Bozeman, Mont.) 1883-1889, 1886-03-10
EXHIBIT A
ORDINANCE NO. 27.


An ordinance to provide funds for the
erection of city building in the city Of
Bozeman, and for the purchase of site
for the same:
Be it ordained by the City Council of
the city of Bozeman:
Sec. J. That for the purpose of pro-
curing money for the erection of a city
building, for use for a city hall, fire en-
CINE house, city offices and city prison
within the city of Bozeman, and for the
purchase Of the site whereon the same
shall be erected, loan shall be made by
the issuance of coupon bonds of the said
CITY Of Bozeman, tos the amount Of ten
thousand dollars. Said bonds shall be
of the usual form and Of the denomina-
ton of two hundred dollars; shall bear
the signatures of the city treasurer and
CITY clerk and be sealed with the corpo-
rate seal of the city; shall be redeemed
at the option of the city after five years,
and become due and payable ten years
from their date, at the Office Of the said
CITY treasu rer. and bear interest at the
rate of seven per cent per annum, pay
able semi annually; said interest to be
paid and said bonds to be redeemed by
the levy of special tax for the purpose,
in excess OF and in addition to the three
mill tax authorized by the twenty-fourth.
section Of Article five of the city eharser.
And the faith of the city of Bozeman is
hereby pledged for the payment of tie
interest on said bonds and the principal
thereof, when they shall respectively be-
cone due. For the purpose of the pay
ment of the interest ON said bonds and
the principal thereof when it shall be-
come due or payable. there shall be
annually levied-at the time the other
annual taxes are levied-a tax of not
exceeding one mill on each dollar valu-
alton of taxable properly within the
city, which tax, when collected, shall be
kept in separate fund to be denominat-
ed the Sinking Fund, which shall be
reserved and appli ed to the payment of
the accrued interest and the redemption
of said bonds.
Sec. 2. The foregoing section shall be
submitted to the qualified voters Of the
city on the first Monday of April, 1886.
at the same time and place of the annual
city election, after due notice of said
submission. as required by Section six Of
Article seven of the city charter. and as
provided by Ordinance No. SIX, entitled,
concerning City Election
Sec. 8. If the first section Of this or
dinance shall be approved at said cleo
ton, by the qualified voters, 50 as to be
in force, the city treasurer, when re-
/ quired by the city council. shall issue
/ said bonds in manner and form as in
said section provided, and the coupons
| attached thereto shall be signed by said
city treasurer and city clerk and shall
designate the amount, date, number of
| the bond and the installment of the in
| tie rest on the bonds that they are intend
ed to pay.
Sec 4. The city treasurer shall give
notice by advertising in all the neWspa-
pers Of the city for four successive weeks
/ that he will, on the first day OF July, dis
pose of said bonds to the highest bidder
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 OF
upwards, and shall keep a register OF the
same.
Sec. 3. The city treasurer shall pay
on the first day of January, 1887, anc
semi-annualIy thereafter, upon present
alton at his Office of the proper coupon
which shall show the amount due, ant
the number of the bond to which it be
longs, the interest due thereon, and shal
re port and present the same to the city
council in his next ensuing financial re
port.
Sec. IS. Whenever, at any time aftel
said bonds become redeemable. the sun
in said sinking fund shall exceed ths
sum Of two hundred dollars over ant
above accrued interest on the bonds still
outstanding, the treasurer shall cause
notice to be published BIZ four insertions
in q newspaper published in the city
that he VIII, within thirty days there
after, redeem said amount Of bonds
specifying the numbers thereof. giYini
preference in the numerical order Of tn
bonds: and if at tie expiration Of said thir
tv davs the holder or holders shall fail O
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