The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1902-06-21
oRpINANCE NO. Los

An ordinance providing for a
special election TO be held in the
city of Chickasha, to determine
the question of issuing school and
sewer bonds, specifying the
amount Of each to be issued, levy
inf tax sufficient to pay the in
terest on same and TO provide a
sinking FUND for the payment Of
the same at matulty and fo- no
other purposes.
Be il ordained by the city coun-
Gil Of the city of Chickasha;
Sec. That the mayor OF the
city of Chickasha is hereby au-
thorized and directed TO call a
special election to be held IN the
city of Chickasha, to be held not
not later than Monday the Both
day Of June 1902, for the purpose
Of voting on the question of issu-
ing sixty-ive thousand dollars in
school bonds, and twenty five
thousand dollars in sewer bonds,
each bearing interest at the rate
of five per cent per annum, and
maturing in twenty years from
date of issue.
Sec. 2. That those voting for
the issuance of such bonds shall
have printed on the tickets. ''For
the issuance of sixty five thousand
dollars, 8 per cent 20 year school
bonds.'' "For the issuance of
twenty five thousand, 5 per cent
20 year sewer bonds" and those
voting against the issuance OF
such bonds shall have printed on
their ticket, against the issuance
of sixty five thousand dollars
5 per cent 20 year school bonds"
against the issuance of twenty
five thousand dollars 5 per cent
20 year sewer bonds"
Sec, 8. That the mayor shall
call such election as is provided
by law for holding special elec-
tions and the same shall be held
and conducted in the manner as
provided for holding special cleo
tions in cities and towns.
Sec. 4. That if two-thirds Of
the qualified voters of the city of
Chickasha. voting at such cleo
ton, shall vote for the issuance
of either or both of said bonds,
the said bonds shall Le issued as
is provided by lawr, and there
hereby levied an annual tax on all
taxable property within the corS
pofate limits vi the city of Chick
asha three and one-fourth mills ou
the dollar. the proceeds of which
tax shall be usedIn paying the
annual interest on SAID school
bonds and to provide a sinking
fund for the payment of the prin-
cipal thereof on the dollar at ma
turity, and one and threefourth
mills is hereby levied On all the
taxable property within the cor.
porate limits of the city of Chick
asha, the proceeds of which tax
shall be used for paying the an
nual interest on said sewer
bonds and to provide sinking
fund for the payment of the prin-
cipal thereof at maturity, and
said funds shall in no instance
be used for any other purpose.
Such taxes shall be collected by
the city collector and turned over
by him to the CITY treasurer as all |
other taxes are collected and ac-
counted for. and The said city |
treasurer shall keep such funds
and apart from all other
funds of the said city of ChicKa-
sha and such funds shall be APP |
piled by HIM to the payment of
the interest and principal Of such
bonds in such manner as may
hereafter be provided by the city
council, or by the conditions ex-
pressed in said bonds.
Sec. 5. That this ordinance
shall be in full force and effect
from and after its passage and
publication.
Passed and approved this the
22nd day of May 1902.
B. p. Smith, President pro TEN,
w. t. Cloud, City clerk.
Drt,foI fksr Och Io.- - NJ