The courier., 1903-04-04
No. Ia
AN ORDINANCE

| No. Ia.
! AN ORDINANCES
'ffanag of ane aI,y TO ysIs Of the lcssl voters
IN April. isoS, a proposition % suthorisiEs
bnr,hsy hue mayor and oouneil OF ssld c.V 60
pSopeSty mSipGs 81 sss s"d gessS n. credit Gna
ponds 70 an amount not exceeding sixty
ns,c Ihonssnd Dollars, for tho purpose
prese,rieins inc form Of S.,lioi s ana places places
snu IN, ume % oi voting and authorizing the
tsSapie % prop.rsy syy ,.,s sy M on o. al NE
70 all other taxes tor the payment of
suu ponds ard interest thereon as tho
same lm,y become due and payable.
be IL Ordained by the Mayor ana Council
OF the city OF Lincoln, Nebraakat
section i. a, the general city election %
lancaster and State OF Nebraska. OF, the
IN day OF April A. ID. lgOJ. tncre ahs
OF said city the foliowins pr"pes,sion' @ We Ma.
snail tue mayor and city council Or the
lily OF Lincoln, Lancaster County. Mo-
DLhskn, be authorised To constIuoI kt tho
hiee Pumping Station an electric !l.ntinx
p,"nt ior SAID city OF sufficient capacity
buiiolngs of said city, To borrow nours
anu pledge tho credit and props rl OF saiJ
s,W upon ITS negotiable bonds to an
amount not exceeding siNty-nys Thousand
Dollars for the purpose of oonsIruylins
saId saId electric lighting plant and puronas.
ilg the appliances and personal Sropc.s
Eooessary therefor and to levy on In. tas
anlo property or said city IN addition 10
al AL o.ner taxes an annual tax foi tho
payment or the interest on said bonds ms
~ becomes due and "A tax to pay the prin.
Sipsi OF said bonds when H. shall become
Section 3 The ballot submitting said
proposition shall have written or prIntrd
ono,9oh n ,, nr partly written or printed there
shall the city OF Lincoln Issue bonds in
tue sum OF Sixty-nve Thousand DoIIaTn
sn ~ construct ni az the Rice Pumping station
llRhtlnR Ian for
atueets' and alleys, parks and city buildings
and and 10 levy tax for payment OF principal
shall the City OF Lincoln issue bond,
u, IN the sum of sixty-tlvc Thousand Dollars
an 20 construct i at the Rice Pumping Station
streets alleys. parks and city buildings
snd snd TO ,n,y levy tax for payment OF principal
Section 3, The vote upon said proposI-
ton shall be held and taken at the scv
eIni pihces In said city where the said
held. " '"'' "s' h"a' y"
Section 4 The polls at the said election
a o'eioeR Se opened between the hours of eight
section b 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
ana council OF said city. who shall can
on nSs a. 'hs me- V9ts & and declare the result there
election, or as soon thereafter az prsctica-
oec'ion D. onouiu a majority OF the bal
lots cast upon said proposition nj said
election be In the affirmative or Tor said
proposition then the mayor and council
struct said electric lighting plant and to
issue bonds and levy such taxes at the
ions thereinafteP sp.eied aha upon ths hi. eond
nance
Section !. lt shall be the duty OF the
structed by an ordinance duly passed by
Inc mayor and council OF said City OF Lin
coin coin , to sign ~ and attest said bonds and
Section 8. The said bonds shall draw
interest at the rate of four per cent per
payable semi mi-annually. said interest 20 be
evidenced by coupons thereto attached.
said bonds shall be drawn payable to
year. and all redeemable at the option OF
the city at any time after ten years from
their date and shall bear date OF the day
of their delivery and the interest and prin-
cpal of said bonds shall be payable at the
Ne5raSska S Fiscal Agency in the city 81
Section 0. Before negotiating the sale
OF said bonds. the mayor and council shall
invite bids therefor by giving thirty days
lished and OF general circulation In said
city. and said notice shall reserve to the
to reject any e' and ali BIDS received @ ed there. here
for. The said bonds shall be sold for cash
to the best and highest responsible bidder
thereof.
Section 10. The proceeds of the sale OF
said bonds shall be paid to the Treasurer
OF the City OF Lincoln Immediately on the
sale thereof and shall be placed by said
Treasurer to the credit OF the "Lighting\
Plant Fund" Said bonds shall be de
nominated Lighting Plant Bonds. First
Series. The money obtaineo therefor
shall be used for the purpose hereinbefore
specified and the necessary expenses con-
nected Herewith and for no other purpose.
Section IL. Tno proposition for the CON
structiop OF said electric lighting plant,
the issuance of such bonds and the levy
ing the taxes herein provided shall be
published for at least thirty days In two
newspapers published and Of general cir
culation In gaid city.
This ordinance shall take ofoot and DO
In force from ard after its psssa6e, ap-
proval and publication, according 10 law
Introduced by John s. Risiop as an
amendment. raased March 2, 1868.
Approved March 4, 1903.
II. J. WINNETT, Mayor.
Attest: THoS Fl. PRATT. City Clerk.
(Senl)