The courier., 1903-03-21
No. l47.
AN ORDINANCE

Submitting to vote Of the legal votsrs
ot tne CITY or Lincoln, Lancaster County,
~, eoaasna "a, az the general city election
IA April, lsuS. a proposition authorizing
Sne mayor and council Of said CITY to
Dorrow money and pledge the credit and
Upsy pnngs ~ Oh sala city upon its negotiable
nve Thousand Dollars for the purnos..
VI constructing an electric lighting plant.
prescrhDans srd ,;I the form OF ballot ana places
SAID council to levy tax on an the
taAapie property Of said city in addition
soia ait hondS Utner . lakes % Ior the payment OF
same may become due and payable.
Be II Ordained by the Mayor and Council
OF the City OF Lincoln, Nebraska:
~. eEs,Sn SaS - Al Al the genera! city election to
Lancaster ana State of Nebraska, on ths
th day OF April, A. d. 1913, there shall
oe oe SUI suEnl1ted 10 a vote of the legal voters
Oh SAID city the following proposition VIZ.
onalI the mayor and city council of the
Suy OF Lincoln, Lancaster County. Ne
ppr,asxa. p,as De authorized to construct at the
thce fumplng STATION an electric IixhtIns
piant Tor said city of sufficient capacItv
20 nsht the streets. alleys parks and civ
nd unss =, .! sAld city, to borrow money
anu pledge the credit and property or said
city upon Its negotiable bonds to an
amount not exceeding Sixty-tive Thousa nd
Doda[s so,d Ior the purpose of constructing
s Salo electric lighting plant and purchas-
ins the appliances ana personal property
necessary therefor and to levy ON Ihe ray
a. anie property OF said city in addition to
an other taxes an annual tax for the
payment OF the interest on said bonds "a
~ becomes Que and a tax to pay the prin-
S!pai OF said bonds when it shall become
section 2 The ballot submitting said
proposluon shall have written or Drinfed
oneteon an tS OF partly written or printed there
Shall the City of Lincoln issue bouds in
tne sum of Sixty-hve Thousand DoIiar 70
an eIs%ct eIeesric us5 at the Rice Pumping station
nS ses' aueys, parks and city buildings
ana TO levy tax for payment Of principsI
ana interest Yes.
Shall the City of Lincoln issue honda
~ ~ tne sum OF Sixty-fve Thousand DoIIars
70 construct at the Rice Pumping Station
St an e,sct,G lighting plant for lighting the
ana to levy tax for payment of principsi
and interest No. S'S~'
,,Sn section ton 8. The vote upon said PROPOSE
eral places in said city where the ssid
general city election on said day Shall BE-
Section 4. The polls at the said e,ec,,o,
snaIi pc opened between the hours of eiRht
Sioch "A: N; and seven o'clock p NJ
Section Q. The judges and clerks for eacr.
snail keep said ballots in a separate box
anu make returns thereof to the mayor
ana council Of said city. who shall can
on az the hrst regular meeting after such
ssiectlon' s,n' or as soon thereafter as practica-
Section G. Should a majority of the hal
iots cast upon said proposition at said
eiecuon De IN the Affirmative or for said
proposition. then the mayor and council
struct said electric lighting plant and to
issue bonds and levy such taxes AT the
umes ior the purposes and upon the condi-
nance. M S oioi
Section Z. II shall be the duty of tn,
sazycai MayOr ana Id clerk Of said city when in
the mayor and council of said CITY of Lin
CON, 70 sign and attest said bonds and
a@x 1a,ti thereto the seal Of the City of Lincoln
interest at the rate of four per cent Der
annum from the date of their delivery
payable semi-annually, said interest to be
SAID bonds shall be drawn payable to
bearer one-tenth each year. after the tenth
year. anc all redeemable at the option of
their date and shall bear date of the dav
OF their delivery and the interest and prin-
SIpal Of said bonds shall be payable at the
New York. County and State of New YorI
Sscuon y Before negotiating the sale
on said bonds the mayor and council shall
nn,ios Imsts o,ds therefor by giving thirty days
lsned and OF general circulation in said
city, and said notice shall reserve to the
reject ana anS SosnS anS 81 Of & said city the right
for. The said bonds shall be sold for cash
70 tne best and highest responsible bidder
therefor. but in no case shaiI aaid honds
De sold for less than the par or face value
Section 10. The proceeds of the sale of
sald 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
RANT Fund" Said bonds shall be de-
nominated Lighting Plant Bonds, First
series The money obtained therefor
snail be used for the purpose hereinbefore
speclned and the necessary expenses con-
nected Herewith and for no other nnrnose
section H. Tne proposition for the con-