The Montgomery advertiser., 1903-06-05
CITY ELECTION ON JULY 13
 ON BOND ISSUE FOR SCHOOLS

issue, the rate of interest the bonds are to bear. the time for which they are to run and the purpose for which the bonds are to be issued. and such notice shall be signed by the Mayor of Montgomery And it is made the duty of the Mayor to carry out the requirements of this section. Form of the Ballot.
 Section provides that the ballot used at such election must be prepared by the
 Mayor of Montgomery. and shall contain the words: For $50000 school building bond issue" and Against $50,c00 school building bond issue, and the voter snail indicate his choice by placing cross mark before or after the enc or the other Section provides that the Council shall at regular meeting before the time fixed
 for holding the election. appoint three managers and one returning officer for
 each voting precinct Tn Montgomery to
 conduct the election: and In appointing
 said managers, as far as practicable, at least one manager to each voting pre- cinct shall be for the bond issue. and one against the bond issue It is made the duty of the Mayor to notify the managers and returning officers Of their appoint ments, and to deliver the boxes and bal lots to the managers of the several vot- | ing precincts.
 Section provides that all expenses of
 holding the election shall be paid out of the treasury of the city, ard the mana gers, clerks and returning officers shall be entitled to the same compensation as now provided by ordinance for managers, clerks and returning officers in other elections in MoEt EtgoInery. And after the
 election shall have been held and the ex- penses thereof ascertaired the Couhcll shall by ordinance appropriate out or any moneys !n tho city treasury. not ris.f,. sufficient to defray such expense. And the several amounts due shall be paid out of such
 sum appropriated by the Treasurer of
 Montgomery. upon warrants drawn by l the Mayor of Montgomery.
 Returns of Election
 Section provides that the returns of | the election shall be made to the City Council. which shall Le board to can vass the returns and declare the results and the Council shall meet within three
 days after the date of holding the cleo | ton and canvass the returns and declare | the result thereof And the record or the
 result of said election and the minutes oi l the meeting held for the purpose or can
 wasting and declaring the same shall be
 recorded in the proceedings of the City Council. Section provides that the bonds shall
 be either coupon or registered bonds al l the option of the holders. and shall De | in denominations of $100 and decimal mul-
 tipIes thereof; shall run for period oi | forty years from date of issue; shall
 be payable at the City Treasurer's office
 in Montgomery. and shall bear interest ! at the rate of 4 per centum per annum
 interest payable semi-annually, and saio
 bonds shall be sold at not less than par | It is understood that the ordinance has the sanction of Mayor Joseph and tha lit will have his early approval.
 l To Buy Jost Property.
 Alderman Gunter presented the follow
 ing resolutions: .,
 ''Resolved, That the City Council O.
 Montgomery purchased the Jost property
 at and for s9, 900 with view of cutting
 same to the street grade and providing
 sidewalks"
 Alderman Gunter explained that tn
 Montgomery Traction Company was un
 der obligation to grade the sidewalk
 and widen the street at narrow poin
 on Montgomery Street adjacent to tn
 Jost property. He said he understood tn
 Traction Company was willing to pay tn l city s4500 to be relieved from the obliga
 tion. The resolution contemplated accept : ance of this proposition and using tn Jost property. which Is for sale. 10 } school purposes
 The resolution was referred to the Com mittee on Schools and Public Building l and the Council adjourned.