The Leon reporter. (Leon, Iowa) 1887-1930, 1904-11-03
Notice of Special Election.

To the Qualified Electors of the Incor-
porated Town of Leon, Decatur County,
Iowa:
Notice is hereby given that the Town
Council of the Town of Leon, Decatur
county, Iowa, at a duly called meeting
held in Leon, Iowa, on the 9Th day of
October, 1904, accepted and passed a
resolution for the submission to the
vote of the people of the town of Leon,
Iowa, at the general election to be held
in said town of Leon on the 9Th day of
November, 1904, the question of author
izing the Town Council of said town of
Leon, Iowa, to sell and transfer the
electric light plant with the equipments
thereof belonging to said town, to w. S.
Curtis and II. Il. Chase for the agreed
price of Five Thousand Dollars ($5,000)
as hereinafter set out; said resolution
and proposition to be submitted, passed
and accepted by said Town Council of
Leon, and to be voted upon as stated, is
as follows: V. r. MCGINNIs,
Mayor.
AN ORDINANCE.
Providing for the sale and purchase
of the electric light plant now belonging
to and being operated by the town Of
Leon, Decatur county, Iowa, and for the
transfer of the same with all of it's
equipments including real estate, ma
chinery, fixtures and everything per-
tanning to the actual use and operation
of said plant and now belonging to the
same, to one w. S. Curtis and H. E.
Chase to be hereinafter known as the
"Leon Electric Light, Heat & Power
Company upon the following terms
and conditions, to-wit:
Be it Ordained by the Town Council
of the Town of Leon, Iowa:
SECTION l.
| That the electric light plant now be-
longing to and being operated by said
| town of Leon, Iowa, be sold, and trans
ferred and conveyed to w. S. Curtis and
| II. e. Chase, to be hereinafter known as
the "Leon Electric Light, Heat & Power
Company" together with all real estate
equipments, machinery, fixtures and
everything pertaining to the use and
operation of said plant and belonging tc
the same free from all liens and encum-
brance, for the sum of Five Thousand
Dollars (S5,000) to be paid as follows
Twenty-Five Hundred Dollars (s2,50W or
more to be paid cash in hand at the
time that the town of Leon, through it's
council, arc ready to deed and turn over
said plant to the said Curtis & Chase
which shall be as early as may be after
submitting the same to the voters OF
said town as required by law. The re,
mainder of said sum Of Five Thousand
Dollars (S5000) over and above the
amount so paid in cash to be secured by
first mortgage on said plant, payable on
or before three years after date, with
interest at six per cent; purchasers
to have the right to pay any amount OF
said deferred payment that they may
desire at any time.
SECTION ?.
That as part of the consideration OF
said sale and purchase the grantees
agree to take at cost price, all unused
supplies remaining in the possession Of
said town at the time of the transfer in.
Guiding coal on hand OR on track, lubri.
eating oil at plant, wire in coil, unused
lamps and standard fixtures.
SECTION 3.
That as part of the consideration Of
said sale and purchase the taxes on said
plant, that would otherwise become due
and payable to said town, be and here
by are RENTED for the years 1905 and
1906.
SECTION 4.
Any ordinance or any provision OF
any ordinance, which is in conflict with
this ordinance or any Of it's provisions
is hereby repealed.
SECTION 5.
This ordinance shall take effect anc
he in full force from and after it's pass
age and publication according to law
and approval by a majority of the votes
of the qualified electors of the town o
Leon cast at special election to b.
held in said town on the Sth day of Nov
ember, 1904, authorizing said sale ant
empowering said Town Council to maxi
the same and transfer said propert,
upon the terms and conditions stip
ulated herein.