The courier., 1903-03-14
No. 147.
AN ORDINANCE


AN ORDINANCE
of the City of Lincoln, Lancaster County.
Nebraska, at the general city election
In April. 1903 a proposition authorizing
borrow VINO money W and pledge the S credit and
property Of said city upon its negotiable
bonds to an amount not exceeding Sixty
five Thousand Dollars. for the purpose
of constructing an electric lighting plant,
prescribing the form Of ballot and places
and time Of voting and authorizing the
said council to levy a tax on all the
to all 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:
Section l. At the general city election to
oe held in the City Of Lincoln. County Of
Lancaster and State Of Nebraska. on the
th day Of April. A. D. 1893. there shall
of said city the following proposition. viz:
Shall the mayor and city council of the
City of Lincoln. Lancaster County. Ne
braska. be authorized to construct at the
Rice Pumping Station an electric lighting
plant for said city of sufflcient 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-five Thousand
Dollars for the purpose of constructing
ing the appliances and personal property
necessary therefor and to levy on the tax
able property of said city in addition to
all other taxes an annual tax for the
payment Of the interest on said bonds as
it becomes due and a tax to pay the prin-
cipal OF said bonds when it shall become
due.
Section 2. The ballot submitting said
proposition shall have written or printed
thereon or partly written or printed there
on the words:
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. Yes.
;, Shall hal the City Of Lincoln issue bonds
IN the sum OF Sixty-fve Thousand Dollars
to construct at the Rice Pumping Station
an electric lighting plant for lighting the
streets alleys parks and city buildings
ana ana 10 levy tax for payment of principal
Section 3. The vote upon said PROPOSE
tion shall be held and taken at the sew
held ' '''o'i 'e
Section T. The polls at the said election
o'clock A. NJ and seven O'Clock p. M
Section 5. The judges and clerks for eacr
voting place at said general city election
snah Keep said ballots in 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 az the nrst regular meeting after such
elect1on, or as soon thereafter as practical
ble '
Section 6. Should a majority of the bal
lots cast upon said proposition at said
election be in the affirmative or for said
proposition: then the mayor and council
OF said city shall be authorized to con-
struct said electric lighting plant and to
times for the purposes and upon the condi-
nance
Section Z 1t shall be the duty of the
mayor and clerk of said citv when so in
structed by an ordinance duly passed by
The mayor and council of said CITY Of Lin
ar1x thereto the seal of the Cityof Lincoln
Section s. The said bonds shall draw
interest at the rate of four per cent per
annum from the date of their delivery
PAYABLE semi-annually. said interest to be
evidenced by coupons thereto attached
said bonds shall he 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
"f their delivery and the interest and prin-
c'pa1 Of said bonds shall be PAYABLE at the
Nebraska Fiscal Agency in the Citv Of
New York. County and State of New York
Section >. Before negotiat ting the sale
~ said bonds. the mayor and council shall
invite bids therefor bv giving thirty davs
notice thereof In two newspapers pub
lshed and Of general circulation in said
city and said notice shall reserve to the
mayor and council If said city the right
to reject anv 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
he sold Cor less than the par or face value
thereof.
Section TO- The proceeds of the sale of
said bonds shall be paid to the Trs asurer
or 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 obtained therefor
shal! be used for the purpose hereinbefore
specified and the necessary expenses con-