The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1895-03-15
AN ACT.

To author the city of lola, Allen county
Kansas to construct purchase, own and op
crate its own gas works and supply IT
citizens with natural gas for heating, lighting
and manufacturing purposes, and to vote and
issue twenty thousand dollars (s20,O00 in
bonds as fund for that purpose.
Be Il enacted By the Legislature of the Stale o
Kansas:
SECTION l. That the city of lola, Allen
county. Kansas, be and the same is hereby au
thorized and empowered TO construct purchase
own and operate its own gas works and to sup
ply said city and its citizens with natural gas
for heating, lighting and manufacturing pur-
poses and to vote and issue bends for said city
In sum not exceeding twenty thousand dol
lars $4,000 for that purpose.
SEC 2 That before an election shall be call
ed or had, two fifths of the resident taxpayers
of said city shall have presented to the mayor
and council of said city petition setting forth
the purpose and objects of said election and
when any such petition is so presented and is
found by the mayor and council of said city TO
be in accordance with the conditions herein
prescribed. 1t shall be the duty of the said may
or and council within ten days thereafter, to
give notice of the time of holding such election
by publishing Tor four consecutive weeks in the
Official newspaper of said city. such notices to
set forth the purposes Tor which said bonds are
to be issued under this act
SEC 3 That the manner of voting at such
election shall be by ballot; the ballots issued
having printed thereon the words For the issue
of gas bonds" Against the issue of gas bonds
in the form provided by law, and such election
shall be held at the usual place of holding
elections in said city and be governed in all
respects and the result declared as is provided
by law for conducting elections under the
general election laws of the State of Kansas:
PrOrided II a majority OF the ballots cast
at such election shall be for the bonds then the
bonds shall be issued and not otherwise
SEC 4 That said bonds shall be issued in
sums not less than ten dollars Csl0l each. pay
able in not less than five years nor more than
twenty years and drawing interest at the rate
OF not exceeding seven per cent per annum,
payable semi-annually on the first day of Janu-
AIRY and July of each year at the Office of the
treasurer of Allen county: Pr0Uided, That
none Of such bonds shall be sold for less than
par.
SEC. 5. That the mayor and council of said
city shall levy annually such a per cent of tax
upon all taxable property of said city as shall
be sufficient TO pay interest on all such bonds
issued as the same shall accrue. Also TO levy
q tax annually sufficient for the final redemp-
ton of said bonds when due, aud the money
so collected shall be applied to the payment Of
said bonds aud interest as the saLle shall be-
come due and for no other.purpoSe
SEC. 6. That all moneys received from the
sale or use of gas for any of the purposes here
inbefore mentioned. shall be used for the care,
maintenance and operation of said gas works
and for the extension of mains throughout the
city, for the use of said city and its citizens,
under the direction of the mayor and council
aud any surplus remaining shall be applied as
follows; First to the payment of any interest
on bonds: second, to the redemption of any
bonds due or offered for redemption and the
balance to be placed to the credit of the general
fund of said city.
SEC. Z. That the bonds issued under the pro-
visions Of this act shall be signed by the mayor
of the city and city clerk aud be by said clerk
registered il book kept for that purpose, and
when any bonds so issued shall have been sold,
the proceeds of such sale shall be paid over to
the city treasurer and be by him discussed on
the order of the council duly attested by the
mayor and clerk for the purposes hereinbefor
specified and for no other.
SEC. s. That whenever the well or wells and
plant provided for in this act shall have been
secured, they shall be under the care and Gus
tody OF the mayor aud council of the city of
lola. the same as any other city property.
SEC 9. This act shall take effect and be in
force from and after its publication in the Off
cial state paper.