The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1895-05-31
To Increase the Indebtedness Of the
Town Of Bloomsbury,

l
| The following ordinance was passed by
| the Town Council at a meeting held May az.
! An Ordinance to Provide for an Increase
of Indebtedness Of the Town of Bloomsbury
| in order to fund the Present Indebtedness of
said Municipality as Evidenced by Outstand-
ing Orders, and a Judgment of Court in an
Action for Tort, for Damages Sustained by
w. Il. Ringrose, for Personal Injuries
| Received and also Purchase Real Estate
and the Equipment of Plant to Furnish
| Light for the said Town, and to Pay the
Expenses Incident to the Opening of Jeffer-
son Street and North Street, Ordained to be
Opened by Previous Councils, and for Oh.
tanning Consent of the Electors of said
Municipality thereto.
| WHEREAS, The existing bonded indebted.
ness OF the Town of Bloomsburg amounts to
the sum of S37, $40, and in addition thereto
there is an existing Indebtedness for out
standing ordcrs-the sum of $I2, 500 and
for the judgment obtained against the said
Town, for personal injuries received by w.
X. Ringrose, together with the interest,
costs and expenses incident to the litigation
concerning the same, amounting to about
S7,ooo-which outstanding orders and
judgment are bearing six per cent, interest,
and it is desirable to fund the said indebt-
edness by the substitution of another form
Of Indebtedness bearing a lower rate of
interest
AND WHEREAS, Also the said Town is
now at an annual expense approximating
S44oo for the furnishing of Lights for its
Highways and Streets, and there is demand
made for the immediate opening of Jefferson
Street and of North Street agreeaby to the
action of the corporate Authorities of said
Town, heretofore had and it is believed
that the interests of the SAID Town will be
the better subserved by the procurement of
plant and the necessary appliances, for the
, furnishing of light for the Highways of said
Town and to be owned by the said Town
and by the immediate opening of the High
ways mentioned and previously ordained.
Therefore be it ordained and enacted by
the Town Council of the Town of Blooms
, burg, and it is hereby ordained and exacted
by authority of the same:
Sec. L. That for the purpose of funding
; the debt of the said municipality as evidenced
by the existing and outstanding orders of the
said Town, and for the payment of the
judgment, interest, costs and expenses
incident TO the litigation of the claim Of w.
K. Ringrose against said Town for personal
injuries received by him as well as for the
purpose of procuring real estate and the
necessary machinery and appliances for the
= furnishing of the light for the Streets and
Highways thereof; and to pay the damages,
costs and expenses for the opening of Ieffer-
: son Street and North Street is already
ordained, that the bonded Indebtedness OF
the said Town of Bloomsburg be increased
in the sum Of Forty Thousand Eight Hun.
! dred Dollars (S4o, Soo).
Sec. 2. That bonds be issued in denomi.
nations of $500, $500 and 500 each, with
coupons attached, and bearing interest al
{ four and half per centum, per annum, pay.
, able semiannually, to secure the payment oi
the Indebtedness hereby created, all of which
: shall be payable within twenty years from
! the date of issue which bonds shall be r
1 such form, and be executed, issued and de
such regulations and resolutions as the Presi
: dent and Town Council may adopt.
T Sec. 8 That an annual tax commencing
Y with the first year after such bonds shall
have been issued of at least two mills on the
dollar of the assessed valuation of taxabl,
property in said town of Bloomsbury, bt
: hereafter annually levied and collected for
the purpose of repaying the said indebt
J. edness and the interest thereon and tina
a the President of the Town Council is hereb,
authorized and directed to make and file will
the Clerk of the Court of Quarter Sessions
of the Peace of Columbia County, attesteC
by the Secretary of the Town Council, tn,
statement required by law.
Sec. 4. That notice be given agreeabl,
to the provisions of the Act Of Assembly o
April 20, 1874, and its supplements, by ad
vertisement published in THE COLUMBIAN
Democratic Sentinel" and "Columbi,
County Republican," and by twenty printed
hand bills, posted in the most public part
of said Town, that an election will be helt
at the usual places of holding the genera
and municipal elections in the said Town O
of July, A. d., 1895, between the hour
provided by law for holding of genera
elections, for the purpose of obtaining con
sent of the Electors Of said Town to sucl
increase of Indebtedness.
Sec s. That the President of the TowI
Council shall cause to be prepared and dis
tributed printed tickets labelled on the out
side Increase the Debt" and containin,
on the inside the words Debt may be In
creased also the words For Loan tc
Fund Outstanding Orders and the w. X
Ringrose judgment and to pay tn,
Expenses of Plant for Light and of Openin,
Jefferson and North Sts., Total $4o.Soo )
and he shall also prepare and distribut,
tickets labelled on the outside "Increase tn,
Debt" and containing on the inside "NC
Increase of Debt" also the words "Fo
| Loan to Fund Outstanding Orders and tn,
w. X. Ringrose Judgment and to pay tn,
Expenses of Plant for Light, and of Opening
: Jefferson and North Streets, Total $40, 500; !
that due notice be given to the Electors o
the Town of Bloomsburg in the name
prescribed by the 3rd Section of the Act o
1874 and its supplements, said notice to con
, tain statement Of the last assessed valua
tion OF taxable property in said Town, of tn,
amount of the existing debt, of the amour
and percentage of the proposed increase, anc
the purposes for which the indebtedness i
to be increased.
Passed and approved May 2Ist, 1895.
S c. GREASY, President.
Attest X. ii. RlNGIRR, Sec. of Tow,