The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-05-02
When In Butte lunch at Sherman.
Piano Tuning,
Fine fresh candles at L. A. Kings.


Nioh Oh the issuance of bonds of the
city or Anaconda, in the sum of twenty
enousano s2oooO) dollars, the proceeds
OF the sale of which bonds are to be
used for the constructions of a sewer
In tne said city of Anaconda.
be II ordained by the city council
of the city of Anaconda:
Section 1.-The city clerk is hereby
directed to give notice of a special
election to be held in the city of Ana
conda on the 9th day of June, 1896, as
provided by law, for the purpose of the
taxpayers of said city voting upon the
question upon the issuance of bonds
upon the credit of the city, in the sum
or twerdty thousand (s20, 000) dollars, for
the purpose of the construction of a
sewer for said city of Anaconda. At
the said election the ballots shall be
provided in accordance with law, and
shall contain the words Bonds Yes. :"
and Bonds No." The election shall
be conducted, the returns made and
canvassed as provided in other city
elections.
Section 2.-If a majority of the votes
cast at said election shall be cast for
Bonds Yes" the city council shall, as
soon as practicable thereafter, give no.
tice by advertisement in the Anaconda
standard, daily newspaper published
In the city of Anaconda, and also in
some newspaper published in the city
OF New York, for period of not less
Than four weeks, to the effect that the
city Of Anaconda will sell the bonds
voted at such election (briefy describ-
Ing them at public auction at not less
than their par value, and shall state
The time when and the place where
such sale will take place.
Section 3.-That the mayor and city
clerk of the city of Anaconda are here
by authorized and instructed to sign
and execute after the sale thereof
the said city bonds to an amount not
to exceed the sum of twenty thousand
(S2OOOO dollars; the bonds issued by
virtue Of this ordinance shall be known
as General Sewer Bonds" and shall
pc OF denominations of five hundred
S$oOO) dollars, or one thousand (Sl. 00O)
dollars each, as may be most desirable
ana practicable and shall bear interest
at the rate of six per cent. per annun1.
interest payable senM-annually. Said
bonds shall have attached semi-annuaI
coupon notes for each instalIment Of
interest, and the bonds and coupons
Sutached thereto shall each be signed
by the mayor and city clerk: Interest
shall be made payable in the city of
New York or at such other convenient
pace as may be agreed upon between
uhe city treasurer and the party own
ing or holding said bonds. Each bond
snail be consecutively numbered, be-
art number One"
Section A tax of one-half (1b) mill
HlalI De levied each year upon the tax
able property in said city for the nnr-
pose OF paying the interest on such
ponds and to create a sinking fund for
thelr redemption until the same is pai1
IN ruiz and redeemed. The city treas
urer shall pay in lawful money of the
united states on the first day of Janu-
airy next succeeding the issue of said
bonds, and semi-annually thereafter
On eacn nrst day of January and first
lay OF July; the interest due on such
bonds on presentation at his office of
me proper coupons, which shall show
me amount due and the number of |
oonds to which they severally belong
"a, but in case the holder of such
bonds shall give the city treasurer no. |
Ice In writing that he or they, which |
ne bonds so held by them, and the in |
crest to be paid in New York CITY |
hen the said bonds and coupons shall |
be payable in New York city, at such |
bank aks shall be designated by the CITY |
treasurer; and all bonds and coupons /
10 paid shall be returned to the CITY |
council at the next monthly meeting
Ind said bond and coupons shall be |
'anceled in the manner city warrants
Ire now Cancelled
or shall be redeemable in ten years,
md payable in twenty years. and if at
my time after ten years from the date
Il the issuance of said bonds. the sum
n the sinking fund shall equal or ex-
eed One Thousand (S1, 000.OO) Dollars
II from time to time thereafter when
may occur the city treasurer shall
ause a notice to be published in one
newspaper in the city of Anaconda
nat he will within thirty days. from
he date of such notice redeem said
mount of bonds which may be paya-
lie, giving the number thereof prefer
nee be given to the oldest issued A
imilar notice shall be given by mail to
UGH bank in the city Of New York as
he treasurer has designated as the
ank at which said bonds and interest
hereon are to be paid; and IL at the
EXPIRATION of thirty days the holder or
olders of said bonds shall fail or ne
lect to present the same for payment
interest shall cease. and the treasurer
hall be ready at all times to redeem
aid bonds on presentation.
Section 6.-The mayor and city clerk
nd the city treasurer of the city of
-naconda, for the payment of the
mentioned bonds are hereby
INSTITUTED and appointed commission
rs of the sinking fund. and whenever
ltIt SDdl De Onc Thousand Isl, OOO. 00( | ,
'ollars or over in the city treasury to |
ne credit of such sinking fund over
nd above the amount that may be re-
uired for the payment of interest |
hey shall loan the same subject to the |
pproVal of the city council, due re-
ard being had to security and interest
eceived from such money shall be paid
Ito such sinking fund.
Section This ordinance shall take |
feet and be in force from and after
= publication.
Passed and approved May l. 1896.
W. NJ. Thornton,
Mayor Of the City of Anaconda
Attest:
7. O'Leary. City Clerk
flee Of the city clerk of the city of
Anaconda. State of Montana, Coun-
ty Of Deer Lodge. IS.
| hereby certify that the above and !
'regoing ordinance was regularly put
pom its passage and duly passed by |
le city council Of the city OF Anacon-
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