The courier., 1903-03-07
No. 147.
AN ORDINANCE

VI TIC lily VI lAuCOlu,. .lauC6SIeI SOuutys
Nebraska. at the general city election
In April. 1903. a proposition authorizing
the mayor and council of said city to
of said ths ts
bonds to an amount not exceeding Sixty
five Thousand Dollars. for the purpose
prescribing the form s ea Of ballot n and places places
and time Of voting and authorizing the
said council to levy a tax on all the
to ali other taxes for the payment Of
said bonds and interest thereon as the
same may become due and payable.
Be 1t Ordained by the Mayor and Council
of the City Of Lincoln, Nebraska:
be held in the City of Lincoln. County of
Lancaster and State of Nebraska, on the
9TH day Of April. A. D.. 1903. there shall
Of said city the following % y PROPOSITION s sUS ~ia
Shall the mayor and city council Of the
City of Lincoln. Lancaster County, Ne
Rice Pumping Station an electric lighting
plant for said city of sufficient capacity
to light the streets, alleys. parks and city
and pledge the credit and property of said
city upon its negotiable bonds to an
amount not exceeding Sixty-fve Thousand
said electric lighting plant and purchas,
ing the appliances and personal property
necessary therefor and to levy on the tax
ali other taxes an annual tax " for the he
payment Of the interest on said bonds as
1t becomes due and q tax to pay the prin-
cipal Of said bonds when it shall become
Section 2. The ballot submitting said
proposition shall have written or printed
tn thereon REQ or partly written or printed there
Shall the City of Lincoln issue bonds in
the sum Of Sixty-five Thousand Dollars
an electric lighting plant for lighting the
streets, alleys, parks and city buildings
and to levy tax for payment of principal
Shall the City of Lincoln issue bonds
in the sum Of Sixty-five Thousand Dollars
to construct at the Rice Pumping Station
streets. alleys. parks and city buildings
and to levy tax for payment Of principal
and interest. No.
ton shall be held and taken at the sew
eral places in said city where the said
general city election on said day shall be
Section l. The polls at the said election
shall be opened between the hours of eight
o'clock A NJ. and seven o'clock p. N.
Section s. The judges and clerks for each
voting place at said general city election
shall keep said ballots in a separate box
and make returns thereof to the mayor
and council of said city, who shall can
vass the vote and declare the result there
on at the first regular meeting after such
election. or as soon thereafter as practica-
BILE.
Section 6. Should a majority of the bal
lots cast upon said proposition at said
election be in the affirmative or for said
of said city shall be authorized to con-
struct said electric lighting plant and to
issue bonds and levy such taxes at the
tons d ana upon % ths the
nance.
Section I. 1t shall be the duty of the
structed by an ordinance duly passed by
the mayor and council of said City of Lin
coin, to sign and attest said bonds and
Section s. The said bonds shall draw
interest at the rate of four per cent per
annum from the date of their delivery.
evidenced by coupons thereto attached.
Said bonds shall be drawn payable to
bearer one-tenth each year. after the tenth
year. and all redeemable at the option of
their date and shall bear date of the day
Of their delivery and the interest and prin-
cipal Of said bonds shall be payable at the
Nebraska Fiscal Agency in the City of
New York. County and State of New York.
Section 8. Before negotiating the sale
of said bonds. the mayor and council shall
notice thereof in two newspapers pub =
lished and Of general circulation in said
city. and said notice shall reserve to the
mayor and council of said city the right
to reject any and all bids received there
for. The said bonds shall be sold for cash
to the best and highest responsible bidder
therefor, but in no case shall said bonds
be sold for less than the par or face value
thereof.
Section 10. The proceeds of the sale of
said bonds shall be paid to the Treasurer
Df the City Of Lincoln Immediately on the
sale thereof and shall be placed by said
to the credit of the Lighting
Plant Fund" Said bonds shall be de-
nominated Lighting Plant Bonds. First
Series" The money obtained therefor
hall be used for the purpose hereinbefore
'pecifed and the necessary expenses con-
lected Herewith and for no other purpose.
Section II. The proposition for the con-
truction of said electric lighting plant.
he issuance Of such bonds and the levy