The evening bulletin., 1904-12-13
AN ORDINANCE

To Provide for the Issue and Sale Of 900 Of Coupon
s.TetISu Pubic sewer From Weed sirsss, west lon on
the North sids Of the Chesapeake and Ohio Railway 10
Union Street From Thence West Along the North Side
OF Third Street From Thence Northwest Across Lex
lngton Street 10 Halls Alley From Thence West Along
Halls Alley to commoFee Street; From Thence North
Along commeFcs Street 70 Ohio Rlvsr Al In the Cor
porate umiS Of the Said City.
Whereas, pursuant TO an ordinance adopted by
the Board OF Council of the City of Maysville on
the 5th day OF September, A. D., 1904, PROPOSE
tion was submitted to the legally qualified cleo
tors of said city at the regular election held on
the Sth day of November, 1894, to vote not to ex-
ceed $4,000 OF coupon bonds 10 be known and
designated as Sewer Bonds" payable to the
Chairman OF the Ways and Means Com mittee, or
bearer, to be disposed of to the best cash pur-
chaser and the proceeds thereof to be applied to
paying the cost of constructing public sewer
| from Wood street, west along the north side of
the Chesapeake and Ohio railway to Union street ;
| from theuce west along the north side OF Third
street to Lexington street, from thence north
west across Lexington street to Halls Alley ;
| from thence west along Halls Alley to Com
merce street; from thence along Commerce
street north TO the Ohio river, i'm the corporate
And whereas said regular election was duly
| held on the Sth day of November, 1904 at which
the aforesaid proposu lion was, after due notice,
| submitted to the legally qualified voters of said
city at the regular election held on the h day
OF November, 1904, and at said election 1851 of
! the legally qualified voters voted YES" and "a
voters voted mo- and the said 1851 votes being
a majority of over two-thirds of those voting on
the Aforesaid proposition, and being a majority
of over twothrds of the qualified electors in the
Cisy of Maysville out of registered vote OF 1882
registered to vote at the regular election held
November Sth, 1904;
And whereas, all the legal requirements pro-
vided by the Constitution of the Commonwealth
OF Kentucky, Kentucky Statutes, and the charter
of cities of the fourth class have been fully
complied with as to submitting said proposition
at said regular election, and two-thirds of the
voters of the city of Maysville voted "yes' at the
said regular election held for that purpose, aud
by virtue of said election the city OF Maysylle is
legally authorized to incur said Indebtedness of
$4,000, and TO issue coupon bonds for said
amount.
Therefore be it ordained by the Board OF Coun-
Gil of the City of Maysville:
Section l. That the Mayor of the said city of
Maysville, be and is hereby authorized to issue
$l2 900 of coupon bonds in the name of the city
OF Maysville.
Section ?. That said bonds shall be of the de-
nomination of five hundred (S500) dollars each.
follows:
Four bonds, $500 each, amounting to $1,000, on
the LIST day Of February, 1912.
Four bonds, $500 each, amounting to 50 900, on
the lst day OF February, 1913.
Four bonds, $500 each, amounting TO $1,000, on
the lst day OF February, 1914.
Four bonds, $500 each, amounting to 81, 900, on
the lst day of february, 1915,
Four bonds, $500 each, amounting to 5000, on
the lst day of February, 1916.
Four bonds, $500 each, amounting to 50 900, on
the lst day of February, 1917
And all of the aforesaid bonds, together with
interest coupons thereto attached, for semi-an-
nual interest, shall be payable at the Bank of
Maysville, in the city OF Maysville, Kentucky,
and all of said bonds shall be issued on the con-
dition that all the legal requirements provided
by the Constitution of the Commonwealth of
Kentucky, Kentucky Statutes and the charter of
the cities of the fourth class, have been fully COM
piled with, authorizing the city of Maysville to
incur said Indebtedness of $4,000 and issue
bonds in the name of said city as payee for said
sum and there shall be pledged out Of the ad-
yalorem tax of said city, sixteen l6) mills, each
year, on each one hundred dollars, or so much
thereof as may be necessary on all the assessed
property of the city of Maysville, will pay the
coupons attached to the bonds, as they shall be-
come due each semi-annual payment in success
sion; and that beginning with the year 1912,
there shall be appropriated out of the general
adyalorem tax OF said city six aud two thirds
(625) cents on each one hundred dollars, or so
much thereof as may be necessary on all
the assessed value of all the taxable
property, OF said city,. beginning in the
sinking fund to pay said bonds as they mature,
and all said bonds shall be exempted from
municipal taxation by the city of Maysville.
Section That said bonds shalt be dated Feb
ruary 1st 1905, and interest begin to run on the
aforesaid date. Said bonds shall be signed by
the Mayor, and countersigned by the City Clerk,
and the seal Of the city affixed to each and they
shall be registered as sewer bonds, series No. l,
and numbered as follows: l 2, g., A, S, 6, IS, 8,
TO- H. II, lS a. 10, 10, a. 49, 49, 2O q p % and "a
Section 4. Coupons shall be att lched to each Of
said bonds for each semi-annual installment of
interest which said coupons shall have printed
thereon the signature of the Mayor and the
City Clerk.
Section 5. Said bonds shall bear four (D per
centum interest per annum, payable semian-
nually, and they shall be negotiated and sold
by the Chairman of the Ways and Means Com
mittee TO the best cash purchasers but in no
case shall they be sold at less than par, and the
proceeds thereof placed in the treasury of said
city 10 the credit of the sewer fund, and the
money used to pay for constructing the afore-
said sewer and no other purpose.
Section This ordinance 20 go into effect and
have force from its passage and publication.
Passed by Council December 5th 1904.
w. +. STALLCUP, Mayor.
Attest: J. l., DAULTON, City Clerk.