The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1908-01-10
Bill for Ordinance No. 228.

An ordinance authorizing an increase of
Indebtedness In excess Of the annual income
for the purpose OF establishing a municipal
electric light and power plant and system
BE IT ORDAINED by the Board of Alder
men of the city Of Pennington, Missouri.
as follows:
section T. whereas II Is provided by the
Constitution and the statutes OF the state OF
Missouri that the annual tax rate on prop
erty In cities having less than ten thousand
and more than one thousand Inhabitants.
shall not exceed nifty cents on the one hun
dred dollars valuation on taxable property
In said cities, that no municipal corpora
ton shall he allowed to become Indebted In
any manner, or for any purpose, to an
amount exceeding In any year the income
ana revenue provided for such year, with
out the assent Of twO-thirds OF the voters
thereof voting at nm election to he held Tor
that purpose, the city of Pennington CON.
ing within the perylew Of the above pro.
visions ana whereas II Is proposed by the
Board OF Aldermen OF said city, on behalf OF
the Inhabitants thereof, to bind said city to
an Increase OF the Indebtedness OF said city
In excess OF the annual income ana revenue
thereof, ana above the constitutional limit
thereon, said Increase OF Indebtedness not
10 exceed Twenty-Five Thousand Dollars,
said amount, or so much thereof rs said
Board of Aldermen shall deem necessary, to
BE- expended In the purchase. location and
establishment ana erection OF an eclCtrlc
lighting ana power plant ana system, 10 ho
owned ana operated by said city, ana In the
purchase or lease OF necessary grounds
said city with sufficient light and power,
ana Tor the further purpose Of supplying the
Inhabitants OF said city with electric light
ana power, now, therefore. with u view to
test the sense of the legal voters OF said city
of Pennington on the Increase OF indebted,
ness as aforesaid, for the objects ana puT.
poses hcreinbefoTe specified, u special cleo.
ton is hereby calledto he held In the said
city of Pennington on Tuesday, the 2sth
day OF January, 1905 for said purpose.
section 2. The Mayor Is hereby directed
to issue proclamation submitting, for the
purpose OF testing the sense Of the legal
voters of the city of Pennington, the prOpu.
sitions hereinbefOre fully set out In section
one % of this ordinance, giving ut least
fiiteen days notice OF such election (which
said notice ana proclamation shall be pub
lished In some newSpr per or papers pub.
lished In the said city OF Pennington.
section 8. That said special election shall
be held at the following precincts OF said
city OF Pennington, as follows In the First
ward. AT the Court House. Sheriirs ONCE;
In the Third Ward at J.. j. Cundifr's office,
and In the Fourth ward ut Henry ManIeys
shoe store.
sections. That the style of the ballots to
he voted at said special election shall he
" For Increase OF dcbt-les. " For increase
OF debt-So."
Section s. That this ordinance shall be I'm
full force and effect from and after Its pas
sage 10y the Board OF Aldermen, its n approval
by the Mayor, attested by the Clerk when
notified by the two thirds vote OF the quail.
fed voters OF said City, voting at a special
election held for that purpose.
Passed this 9Th day OF January, 1905.
Approved this 9Th day OF January. 1903.
SAM'L l.. AsBURY, Mayor. |