The courier., 1903-03-28
No. l47.
AN ORDINANCE

Of the City Of Lincoln, Lancaster connsns
Neofasxa, at the general city election
~ ~. Apai,, a! IsS, a proposition authorizing
borrow money and pledge the credit and
properly OF said city upon its negotiable
i've Thousand Dollars, for the nnrnoso
OF constructtng an electric lighting plant
prescribing the form of ballot and pIaees
as, snI ume OF voting and authorizing re
said council to levy a tax on
taxanie property Of said city in q,
70 AL other taxes for the pawn
said bonds and interest thereon
same may become due and payabla
Be II Ordained by the Mayor and Couzcu
oa tne city Of Lincoln. Nebraska:
section l. A. the general city election to
1s sns tns Sty Of e.
TN DAY OF April, A. d. 1858, there sha,
oe submitted 70 vote of the legal voter
OF sai9 city the following proposition. viz :
snail the mayor and city council orstae
CITY OF Lincoln. Lancaster County "a
praska, be authorized to construct At 7.
6ice Pumping Station an electric lightiI,S
70 light the streets, alleys, parks and osfy
buildings OF said city, to borrow mouey
ana ana pledge the credit and property OF said
city upon its negotiable bonds to AM
amount not exceeding Sixty-five Thousa nd
Oolars Tor the purpose of CONSTRUCTIVE
salo electric lighting plant and purchas-
IuS tue appllanceS and personal property
necessary therefor and to levy on the tax
a0ie property of said city in addition IoI
Al otner taxes an annual tax for tfk,
payment OF the interest on said bonds ~
It becomes due and a tax to pay the prinS
c!pal OF said bonds when it shall become1
Section z The ballot subm;tt,n9 cold
proposition shall have written or printel
on the words:
Shall the City of Lincoln issue bonds irl
the sum of Sixty-five Thousand DoIia I'd
TO construct at the Rice Pumping StatioI1
an electric lighting plant for lighting tha
s.asets' alleys. parks and city buildings
and interest. Yes
snail the City of Lincoln issue bondI
IN the sum Of Sixty-fve Thousand Dollar]
70 construct at the Rice Pumping StatioI}
an electric lighting plant for lighting thd
stlee1' alleys. parks and city building}
d snS 70 i0tsTs levy tax tor payment of principal
Section 3 The vote upon said proposiI
ton shall be held and taken at the sevJ
eral places In saio city where the said
EsRIssral EEsIs. city election on said day shall
Section 4. The polls at the said electio}
shall be opened between the hours Of eighI
O'Clock A ~. and seven o'clock p. NJ.
section 8. The judges and clerks for eac4
vounG place at said general city electiot
shau keep said ballots in a separate boz
ana make returns thereof to the mayov
and council Of said city, who shall cam
vass the vote and declare the result therey
on at the first regular meeting after suc4
election or as soon thereafter as practical
Section 6. Should a majority of the bal
lots cast upon said proposition at SAID
election be In the affirmative OF for SAID
proposition, then the mayor and council
Of said city shall be authorized to conf
struct said electric lighting plant and u
issue bonds and levy such taxes at thl
times for the purposes and upon the cond1
lions hereinafter specified in this ordlI
nance.
mayor and clerk of said city when SO in
structed by an ordinance duly passed b1
the mayor and council of said City OF LII
coin, to sign and attest said bonds am
afi1x thereto the seal of the City of Lincol1
Section g. The said bonds shall dray
interest at the rate of four per cent pa
payable semi-annually, said interest to ~
evidenced by coupons thereto attachey
Said bonds shall be drawn payable
bearer ole-tenth each year; after ne;de tne ten
the city at any dme after ten years 1ro
their date and shall bear date of the d.
Of their delivery and the interest , ana ~ pr
Nebraska Fiscal Agency in the CITY
New York. County and State of New Io1
Section 3. Before negotiating the
of said bonds. the mayor ard councl sh
invite bids therefor by giving thirty oa
notice thereof in two newspapers
ushed and Of general circulation lon IN
mayor and council Of said city the rls
to reject any and all bids received ths
for. The said bonds shall be SOLO TOT S
to the best and highest responsible plot
therefor, but in no case shall said DO
be sold for less than the par or face va
thereof.
Section 10. The proceeds of the sale
said bonds shall be paid to the Treasa
Of the City of Lincoln Immediately on
sale thereof and shall be placed by
Treasurer to the credit Of the aen1s
Plant Fund" Said bonds shall be
nominated Lighting Plant Bonds. FiI
Series. The money obtained tnerer
shall be used for the purpose herelnpeIoI
AoA nd tha expenses CON
nected Herewith and for no other purposl
Section L. The proposition for the COT