The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1909-10-18
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,Oss, 627.OO, and
Whereas, the total outstanding UNI
paid Indebtedness Of the City of Far
go is the sum Of $124,0O0.0O, incurred
for the following purposes and pay
able as follows, to-wit:
Water Works Bonds, due Mo-
vember 1st, 1911 .......... SAC, 100000
Refunding Bonds, due De-
cenber 1sI, 1913 .......... 25,000.0O
Water and Sewer Bonds, due
November 18th, 1915 ..... 100000
Refunding Bonds, due June
1st, 1924 =. .............. 100000
Water and 1team Company
Bonds, assumed, due jan
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,OOO.0O to apply on the payment
and discharge of the above enumer-
ated outstanding Indebtedness when
the same shall become due. and
Whereas, Under and by virtue Of
the provisions OF sub division of Sec
ton 2678 of Article 4 of Chapter 80 Of
the Revised Codes of North Dakota
1905, the city Of Fargo, when author
lied by majority vote at a general
or special election at which the Ques-
ton Is submitted to the legal voters,
may become indebted In an amount
not exceeding four (4) ~er cent OF
such preceding last assessed value of
the taxable property in the city, for
the purpose of constructing water
works for furnishing 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 new combination
Water Works Pumping Station and
Filtration Plant Is within the four (4)
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 fol
the year 1908.
NOW THEREFORE,. BE TT RE-
SOLVED By THE CITY COUNCIL
OF THE CITY OF FARGO: That q
special election be called to be held
on Tuesday, the 26th day OF October
A. d., 1909, at which special election
there shall be submitted to the lega.
voters OF the City OF Fargo.
the question, whether or not SIXTY
FIVE THOUSAND DOLLARS, Of
bonds of the City OF Fargo, to beal
interest payable semi annually. and tc
mature as follows, to-wit:
S20,O00.0O thereof in Ave years from
date of issue;
$2O,0OO.00 thereof in ten years from
date of issue; and
$4,000. 90 residue thereof In hfteer
years from date OF issue, shall be IS
sued by the City OF Fargo for the spe.
cial purpose OF paying the cost q
building and constructing new COM
bination Water Works Pumping sta.
ton and Filtration Plant in the City
OF Fargo and installing therein al
necessary new pumps. machinery ant
appliances for operating the same and
such portion OF the cost Of constructing
d new water main Of sufficient capacity
| to connect the proposed new plan
with the present Water Works Sys,
tenn Of the city. over and above sucl
part OF the cost of such new watel
main as can be legally assessed agains
the property along the route of sucl
proposed new water main speciall.
benefited by the construction thereof