The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1902-06-06
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ORDINANCE No. los.

An ordinance providing for a
special election 10 be held in the
ely Of ChIckasha. 10 determine
the question OF issuing school and
sewer bonds, specifying the
amount of each to De issued, levy
inf tax sufficient TO pay the in I
terest on same aud 10 provide a
sinking funo for The payment Of
the same al matnity and fo- no
other purposes.
Be il ordained BY the city coun-
ell OF the city Of Chiekasha;
Sec. That The mayor OF the
city Of chickasha is hereby au-
thorized aud directed 10 call a
special election to be held IN the
city Of Chickasla, 10 be held not
not later than Monday the both
day OF June 902, for the purpose
Of voting on the question OF issu-
ing sixty-lve thousand dollars in
school bonds, and twenty Eve
thousand dollars in sewer bonds,
each bearing interest at the rate
Of i've per cent per annnm, 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
collars, 5 per cent 20 year school
|oonds.Y For the issuance Of
twenty Ave thousand, 8 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
8 per cent 20 year school bonds.D
against the issuance of twenty
Eve thousand dollars 5 per cent
20 year sewer bondsn
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
Iions in cities and towns.
Sec. 4. That if two-thirds Of
The qualified voters of the city of
1hickasha. voting at such cleo
Jon. shall vote for the issuance
If either or both of said bonds,
he said bonds shall be issued as
5 provided by lawr, and there
hereby levied an annual tax on oil
axable property within the corr
)ofate limits oi the city of Chick
lsha three and one-fourth mills on
he dollar. the proceeds Of which
Ak shall be used IN paying the
InnuaI interest on SAID school
,onds and to provide a sinking
und for the payment of the prin-
ipal thereof on the dollar at ma
urity, and one and three fourth .
nils is hereby levied On all the
axable property within the cor
iorate limits Of the city Of Chick
sha, the proceeds Of which tax
hall be used for paying the an
lual interest on said sewer
onds and to provide q sinking
und for the payment of the prin
ipaI thereof at maturity, and
aid funds shall In no instance
e used for any other purpose.
uch taxes shall be collected by
ne city collector aud turned over g
2 him to the city treasurer as all
ther taxes are collected and ac-
1nnted for. and the said city
shall keep such funds
aparate and apart from all other
lnds OF the said city of ChicKa- |
Ia and such finds shall be APP
lied by him to the payment Of
le interest and principal Of such
onds in such manner as may
sreafter be provided by the city
Duncil, or BY the conditions ex-
,essed in said bonds. (
Sec. 5. That this ordinance Z
lall be in full force and effect /
ON and after its passage and I
lblicati0n.
Passed and approved this the
nd day of May 1902.
B p. Smith, President pro tenn, (
w. T. Cloud, City clerk. 4
Printed this 3fth day OF May
40