The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1909-10-11
Resolution.


Whereas, The taxable property In
the city OF Fargo, as determined by
the last preceding city assessment, to-
wit: the assessment for the year 1908,
is the value of s5,039, 62700, and
Whereas, the total outstanding un-
paid Indebtedness Of the City of Far
go is the sum Of S12400000 incurred
for the following purposes and pay
able as Follows to-wit:
Water Works Bonds, due No
vember list, 1911 .......... 100000
Refunding Bonds due De-
cember LIST, 1918 ...,...... 25,000.00
Water and Sewer Bonds, due
November 18th, 1915 $3.50. 100000
Reminding Bonds, due June
1st 1924 =. ..... 100000
Water and Eteam Company
Bonds, assumed. due Jam
uary LIST, 1911 .. ......... 100000
Whereas There is now on hand in
cash in the treasury of the City of
Fargo, In the Sinking Fund, the sum
OF $47,O00.00 to apply on the payment
and discharge of the above enumer-
ated outstanding Indebtedness when
the same rhall become due, and
Whereas, Under and by virtue Of
the provisions of sub division Of Sec
ton 267S Of Article Of Chapter 80 of
the Revised Codes of North Dakota
1905, the City of Fargo, when author
lied by a majority vote at a general
or special election at which the ques-
Jion is submitted to the legal voters,
may become indebted in an amount
not exceeding four "a ~er cent of
such preceding last assessed value Of
the taxable property in the city, for
the purpose of constructing water
works for furnishing a water supply
to the inhabitants of the city, without
regard to the existing Indebtedness OF
the city, and
Whereas, The proposed bond issue
for the special purpose of building
and constructing a new combination
Water Works Pumping Station and
Filtration Plant is within the four "a
per cent limit on the value Of the tax |
able property in the City of Fargo, as
shown by the last preceding city as
sessment, tO-wit: the assessment for |
the year 1908.
NOW THEREFORE,, BE IT RE- |
SOLVED BY THE CITY COUNCIL !
OF THE CITY OF FARGO: That a |
special election be called to be held |
A. D., 1909 at which special election |
there shall be submitted to the legal |
voters Of the City Of Fargo,
the question, whether or not SIXTY
FIVE THOUSAND DOLLARS, of |
bonds Of the City of Fargo, to bear
interest payable semi annually, and to
mature as follows, to-wit:
100000 thereof in five years from
date of issue;
S20,000.00 thereof in ten years from
date of issue; and
$25,O00.00 residue thereof in fifteen /
years from date of issue shall be is
sued by the City Of Fargo for the spe-
cial purpose of paying the cost of
building and constructing a new COM
bination Water Works Pumping Sta
ton and Filtration Plant in the City
Of Fargo and installing therein all
necessary new pumps machinery and
appliances for operating the same and
such portion of the cost of constructing
4 new water main of sufficient capacity
10 connect the proposed new plant
with the present Water Works Sys-
tenn of the city, over and above such
part of the cost of such new water
main as can be legally assessed against
the property along the route of such
proposed new waters main specially
benefited by the construction thereof
for furnishing to the inhabitants OF
the City of Fargo a supply of water;
That the City Auditor, be, and he
Is hereby directed to give notice that
such special election will be held for
the purpose OF submitting to the legal
voters of the City of Fargo the cues
ton, whether or not, bonds, in the said
for the special purpose afore-
said, shall be issued, by the publica-
tlon of this resolution in the official
Newspaper of the City of Fargo and
also in the Fargo Forum and Daily
republican for twenty days next pre-
ceding the day of such special election
as provided by law"
Offered by Alderman r. +. Powers.
Passed October 9TH, 1909.
Approved October 9Th, 1909.
p. ELLIOTT,