The star. (Reynoldsville, Pa.) 1892-1946, 1907-01-02
mo. 1l9)

AN ORDINANCE for the purpose Of
acquiring the assent Of the electors
of Reynodsville borough TO increase
the indebtedness of said Borough in
the sum OF Ten Thousand Dollars
(Sl0,0OO.0O) for the purpose of grading,
curbing and paving Main street from
the end of the brick pavement at
Seventh street to the Wiuslow town
ship line, near Cool Spring Hollow.
Sec. ]. Be it ordained and enacted
by the Town Council of the Borough of
Reynoldsville, County OF Jefferson and
State of Pennsylvania, and 1t is hereby
ordained and enacted by authority of
the same, that the question of increas-
ing the indebtedness OF the Borough of
Reynoldsville, County Of Jefferson ana
State of Pennsylvania, Ten Thousand
$40, ,00000) Dollars In amount, which
said amount does not exceed two (2),
and Is less than seven ~ per centum
upon the last preceding assessed valua-
tion OF the taxable property therein,
for the purpose of grading, curbing and
paving that portion of Main street lying
between the end of the present brick
pavement at Seventh street on the
West, and the line between Winslow
Township and said Borough, near Cool
Spring Hollow, where said street coin
cides with public road in said town
ship on the East, be submitted to the
electors of said Borough, at the regular
annual Borough Election, to be held
therein on the 10th day of February,
A. ID. 1907, for the purpose of acquiring
the assent OF said electors to said pro-
posed increase in indebtedness; that
said election shall be held at the places,
time and under the same regulations as
provided by law for the holding of the
Municipal elections in said Borough. nn
the Third Tuesday of February, A. d.
1907
Sec. 2 The President and Secretary
Of the Council OF said Borough are
hereby authorized to issue registered
or coupon bonds. In the name OF Reyn-
oldsville Borough, to be known and
marked as. Main Street Paving
Bonds" to the amount of Ten Thousand
Dollars $780, 00) In accordance with
the Act OF Assembly regulating the
manner Of increasing the indebtedness
of Municipalities, approved April Goth
A. ID. 1874, and its supplements, which
said bonds shall bear the seal of said
Borough, be signed by the Chief
Burgess aud President OF the Council
thereof, whose signatures shall be at
tested by the Clerk Of said Council.
SEC. 3. Said bouds shall be in sums
OF One Hundred Dollars (s,00 00) each,
payable in thirty years 1907, from the
date thereof, with interest thereon at
the rate OF four per centum per annum
payable semi-annually, on the first days
of January and July each year, free
from State tax to he holder or
holders thereof: and said bonds, or any
portion or number thereof. may at the
option of said Borough, be redeemed at
par, on any interest date, after the ex-
piration of four years Of their issue.
Sec. 4. When said bonds, or so many
Of them as may be necessary, are 20
executed, and issued, the same shall be
sold, at not less than par by the Council
Of said Borough, and the money thus
raised shall be used for the purpose of
grading, curbing and paving that
portion of Main Street mentioned in
Section one 1) OF this ordinance and for
no other purpose, which said grading.
curbing and paving shall be done in
modern and substantial manner, within
two years (2), from the date Of this
ordinance.
Sec. 5. The President OF the Council
OF said Borough is hereby authorized,
empowered, required and directed, to
give or cause to be given, notice OF the
election aforesaid, as provided by law,
and to provide ballots, ballot boxes and
to do and provide all things necessary
to legally hold said election, and the
expense thereof shall be bourn by said
Borough.
Sec. g. All ordinances, or parts OF
ordinances inconsistent herewith, are
hereby repealed.
Enacted into an ordinance this 18th
day OF December, A. D. 1905.
. j. 3. NEALE,
Attest: Pres. of Council.
L. J. MCENTIRE,
Clerk OF Council.
hereby approve the above ordinance
this 18th day OF December, A. d. 1905.
L. L. GoURLEy,
Chief Burgess.