Mexico weekly ledger., 1888-11-01
NOTICE. Of BLBCTION
TO
ISSUE BONDS.

Notice is hereby given that on
Saturday, November 3, 1888, an
election will be held at the Court
House in the City of Mexico, Mis-.
souri,, to determine whether the
bonds of said city of Mexico shall
be issued for the purpose of pur.
chasing the stock and bonds of the
Mexico, Missouri Water works
Company, as provided in the fol.
lowing ordinance, passed at a reg.
ular meeting of the City Council
October %, 1888.
WHEREAS. differences having
arisIn between the city of Mexico
aid the Mexico, Missouri, Water
works Company, and
WHEREAS, the owners OF the
stock and bonds of the Mexico, Mis-
souri,, Water-works Company, with
a view to settling SAID differences,
have submitted to the city of Mex
leo a proposition to sell to said city
all the bonds and stock of said
company, as follows, to wit:
To the City Council of the City o.
Heaieo, Mo-:
We, the undersigned owners OF
the stock and bonds of the Mexico,
Missouri, Water-works Company,a
Missouri corporation, do hereby
propose to settle all differences be-
tween the said city of Mexico and
the said corporation and the said
owners of the stock and bonds up.
on the following terms and condi.
tons:
First, The said Mexico, Missouri.
Water-works Company shall re.
lease the said city from all claim,
for rent, Or otherwise growing GU,
of a contract between SAID city and
said corporation, dated the 18th
day of July, 1885.
Second, The said city shall re-
lease said corporation from al
claims it may have against said
corporation, arising out of said con
tract, or otherwise.
Third, The undersigned owners
of said stock and bonds shall trans.
fer and deliver and cause to bt
transferred and delivered to said
city OF Mexico, or any person il
may designate as trustee. each ant
every share of stock of said cor
poration amounting to two hundred
shares, and each and every one o
the bonds of said corporation
amounting to sixty thousand dol
lars.
Fourth, the said city shall il
consideration of the premises, pa,
to SAID owners of said stock ant
bonds, viz: Dewing & Son, of tn,
City OF New York, the sum o
forty-fve thousand dollars as of tn,
first day of November, 1888, will
interest at the rate of five per cent
per annum from said date.
Fifth, this proposition shall b,
open until the first day of Decem
Der, 1888, to afford the city to ge
authority to issue bonds to ra1s,
said ~forty-fve thousand dollars
and,
WHEREAS, the City Council b,
vote has agreed to said proposition
subject to ratification by a two
thirds vote of the qualified voter
of said city who shall vote at
special election called for that pur
pose; therefore
Be it enacted by the City Coun
Gil of the City of Mexico, as fol
lows:
Section /. That the City @
Mexico purchase all the bonds an
stock of the Mexico, Missouri
Water-works Company for the sun
of forty-five thousand dollars an,
intereston said amount, at the rat
of five per cent. per annum from
the first day of November, 1888
until payment thereof shall b
made, provided, however, that tn
issue of the bonds of the city TO
the sum of forty-ive thousand dol
lars, to pay for the same, be rati
fed by twe-thirds of the voters G
the city who shall vote at a specia
election hereinafter provided for
Section 2. That an election b
held on the third day of November
at which election there shall b
submitted to the qualiie'
voters of the city of Mexic
a proposition to issue bonds c
said city to the amount of forty
five thousand dollars. said bond
to be of the denomination of on
thousand dollars each, due an
payable in not more than twent,
years with interest at the rate O
five per centum per annum, pay
able semi-annually, the none,
raised by the sale of said bonds t
be used in the purchase of tn
stock and bonds of said Water
works Company.
Section 3. Said election shall
be held at the Court House in sal,
city, on
The Third Day OF November, 1855
as aforesaid, and the judges shall
open the polls at seven O'Clock il
the morning and continue them op
en- until six O'Clock in the evening
Section 4. All persons votin,
for the issue of bonds shall hav
written or printed on their ballots
"For the issue of bonds;"and thos
voting against the issue OF bond
shall have written or printed o.
their ballots against the issue @
bonds"
Section 5. If two thirds of tn
votes cast at said election shall b
for the issue of bonds, then tn
proposition shall be carried and tn
city shall provide for the issue G
said bonds and for the collection
OF an annual tax, sufficient to pa.
the interest on the same as it fall
due and also to constitute a sink
ing fund for payment of the princi
pal ofsaid bonds.
Section 6. That public motto