Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1897-02-16
MUNICIPAL MATTERS.


City Council Room, Rock Island,
Feb. 1.-THE Council met in regular
smei-monthly session at 8 p. m.
Mayor Knox presiding and all the
aldermen present except Schreiner,
and Nndall. The minutes of the last
regular meeting were read and ap-
proved.
The Clerk read petition of P. A.
Peterson & Brother for leave to con-
duct fishand skiff house. Referred
70 the committee on licenses and mar
kets on motion of Alderman Nelson.
Alderman Foss, from the Finance
Committee, reported favorably the Pc
tition for the refunding of the city
debt, the proposed bonds aggregating
$3.50, 900, and moved that the petition
he granted. Carried by unanimous
vote.
Alderman Foss then presented a res
olution submitting to the voters of the
city at the next regular election in
April, the question of issuing bonds
for the refunding of the city debt in
accordance with the petition of citi-
resolution is as follows:
Whereas, A petition duly signed by
ten 1O legal voters of the city of
Rock Island praying that the question
of issuing bonds of this city for the
purpose of raising money to retire the
bonds heretofore issued and which will
mature September 1st next, and also
all other Indebtedness contracted by
said city and being the legal subsisting
obligations of said city be submitted
to the voters of said city of Rock Isl
and at the next municipal election to
he held on the first Tuesday in the
month of April next, has been pre-
sented to this City Council, and
Whereas, This City Council has by
its vote decided to grant the prayer OF
the petitioners; therefore be it
Resolved, By the City Council of the
city of Rock Island that the question OF
issuing the bonds of the city under the
provisions of an act of the General As.
sembly of the state of Illinois, entitled
IAN act to amend an act, approved
April %, 1877. entitled an act to
amend an act relating to county and
city debts, and to provide for the pay.
ment thereof by taxation in such
counties and cities, approved February
-. 1865, and TO amend the title thereof
approved June 4, 1879, in force July
1, 1917" be submitted to the legal
| voters of this city at the next city cleo
tion to he held on the first Tuesday in
the month of April next; said bonds
| to he ISSUED for the purpose of rails
ing money to redeem or retire certain
bonds of this city amounting to one
hundred and seventy thousand ($11O,
0O0.00) dollars and which will mature
on the 1st day of September next, ant
also pay or retire certain warrants
notes and other evidences of indebt
edness amounting in the aggregate to
the sum of about twenty Thousand
| CSC, OO0.OO) dollars and being the lega
| subsisting obligations of this city
exclusive of the $4,000 per cent
| water bonds which can not now be re
tired.
That the City Clerk be directed tc
give notice thereof as required by law
| and that in such notice be stated, to-
wit, that the number of bonds pro
posed TO be issued is two hundred anI
sixty (26O); that of such bonds one
hundred and twenty (12O) be in the
principal sum each of one Thousand
$l,00O00) dollars, twenty (20) OF
which shall be payable in ten OO)
years, fifty (5O) in fifteen Q5) year.
and fifty (50) in twenty years from
THE first day of September, A. D., 1897;
that of such bonds one hundred and
forty u4O) be in the principal sum
each of five hundred ($5OO.OO) dollars
forty (4O) of which shall be payable in
ten U0) years, forty (4O in fifteen
u5) years and sixty (6O in twenty
t2O) years from the first day of Sep.
TENDER, A. D., 1897; that the rate OF
interest on each bond shall be -four
and one-half (41s) per cent and that
the interest shall be payable semi
annually, and both principal and in
terest shall be payable at the First Ma.
tional Bank of Chicago, III.
| Alderman Nelson, from the Stree,
and Alley Committee, reported adj.
versely on the petition of Mr.. Sexton
Report accepted.
Alderman Nelson also reported thar
MIR. Hubinger, the applicant far a tel
ephone franchise, had failed to appea,
before the Street and Alley Committee
Alderman Winter moved that tb,
committee be given further time. Car
| ried.
Alderman Dauber moved that tn,
dirt being removed from the Sevent,
avenue cut to be used in filling on tn,
north side of the avenue. Alderma,
Maucker moved as a substitute tina
the chairman of the committee cal
a meeting of the committee on tn,
ground. Agreed to.
Alderman Fender, from the Water
works committee reported as to tn,
waterworks filters and further tim,
was granted.
| alderman Foss, from the Joint com
mittee on insurance tax, reported ad
versely on the petition to repeal tn,
per cent tax. Report adopted.
Adjourned on motion of Alderman