The Whitefish pilot. [volume] (Whitefish, Mont.) 1904-current, 1910-03-24
Notice Of Special Election.

sum OF not to exceed $1O.OOoOO, to procure
Public Sewer System for and install Sewer
system In the said Town, the same to be owned
ana controlled by the said TOWN." the amount
ana character. and the particular purpose
thereior being more clearly set out in Ordinance
NO %. of said Town hereto attached and made
part hereof.
ORDINANCE No. S.
An Ordinance declaring the necessity of pro-
curing a Sewerage System for the Town of White
ns1' ana providing for the calling of Special
Election OF the Taxpayers of the Town of White
f1sh' Montana. at which shall be submitted the
following question:
snail the Town of Whtefsh create an indebt-
edness and issue bonds OF the said Town in the
sum OF not to exceed $lO.OOO.OO Ten Thousand
Dollars) to procure public Sewer System for
and install Sewer System in the said Town. the
same to be owned and controlled by the said
Town?
Be it Ordained by the Town Council of the Town
of Whitefsh
Section l. That it is q necessity and by this
| ordinance it is declared to be necessity, that a
sewer system be procured for the Town of White
hsh, that said system must conform to law, and
that the said system shall consist of public sew
er, or main sewer, and septic tanks for the treat
ment OF the sewage for the whole Town. before
| the same shall be deposited into the Whitefish
| river.
Sec =. That the money arising from the sale
| OF the bonds, hereinafter in this ordinance des-
crlbed, and the whole thereof. must be paid into
| the Town Treasury and into the Sewer Fund. and
| used only for the purpose of procuring Sewer
| System for the said Town and the inhabitants
thereof.
Sec. 3. That the town clerk is hereby directed
to give notice of special election to be held in
the Town of Whitefish, Oh the Fourth day OF
April 1870 as provided by law, for the purpose of
submitting to the taxpayers of said Town, the
question of said Towns contracting an indebted
| ness and issuing bonds upon the credit of said
Town, in the sum of not to exceed $40 900 90 Ten
Thousand Dollars). the proceeds from the sale of
said bonds to be used for the purpose of procur-
ing and installing public sewer system consist
ing OF a main sewer and final disposal plant for
| the entire town and the inhabitants thereof. At
said election the ballot shall be provided in ac-
cortlance with the law. and shall contain the
words 'Bonds-Yes,'' 'Bonds-No" The cleo
ton shall be conducted and the returns made and
canvaSsed, as provided in other town elections.
Sec. 4. That if the majority of the votes cast at
such election shall be cast for "Bonds-Yes," the
Town Council shall, as soon as practicable there
after give notice by advertisement in the White
fish Pilot, and also some newspaper published in
the city OF New York. for period of not less than
four weeks, to the effect that the Town of White
fish will sell the bonds voted at such election
(brletiy describing them) at public auction, and
at not less than their par value, and shall state
| the time and place where such sale shall take
| place.
| Sec. 5. That the Mayor and Town Clerk of
Whtefsh are hereby authorized and instructed
to sign and execute after the said sale thereof the
| said Town bonds to an amount not to exceed the
sum of $40 10000. (Ten Thousand Doars) The
bonds issued by virtue of this ordinance shall be
known Whitefsh Sewer Bonds" and shall
bear interest at the rate of not to exceed per
| centum per annum interest payable semi-ann,lal-
ly. Said bonds shall have attached thereto semi
annual coupon notes for each instalment of in
terest, and the bonds and coupons attached
| thereto, shall be signed by the Mayor and at
tested by the Town Clerk. Interest thereon shall
be made payable at the Office of the Town Treas
urer of the Town of Whitefsh, or at such bank
in the City of New York as shall be designated
by the said Town Treasurer. Each bond shall
be numbered and all bonds numbered consecu-
| lively, beginning at number one.
Sec. 6. That a tax of mills on
each year upon the taxable property of said
Town for the purpose of paying interest upon
said bonds so issued and to create sinking fund
for their redemption until the same are paid in
full and redeemed
The Town Treasurer shall pay in lawful money
OF the United States of America, on the first day
each of January and July succeeding the issue
of said bonds. and semiannually thereafter, on
each first day of January and July respectively,
any interest due upon such bonds upon presen-
tation at his office of the proper coupons, which
shall show the amount due. and the number of
the several bonds to which they severaly belong;
but in case the holder of such bonds shall give
notice to the Treasurer in writing that he wishes
the bond or bonds so held by him and the inter
est thereon, to be paid in the city of New York
then and in that event, such bonds and coupons
shall be payable in the said New York City. at
such bank as shall be designated by the Town
Treasurer, and all bonds and coupons so paid
shall be returned to the Town Council at the next
regular meeting, and said bonds and coupons
shall be cancelled in the manner Town Warrants
are cancelled.
Sec 7. That the bonds, the issue of which
is hereby provided for shall be redeemable in
10 years and payable in 20 years. and if at any
time after ten years from date of said bonds the
sum IN the sinking fund equals 100000 Zone
Thousand Dollars, then when it shall SO occur
the Town Treasurer shall cause notice to be pu b.
lished in one newspaper in the Town of White
fish to the effect that he will in thirty days from
the time of such notice redeem said bonds
which may then be payable in such amount as
the condition of said sinking fund will permit,
giving the number of such bonds rs he will re-
deem and shall call said bonds in their numer-
zeal order and similar notice must also be sent
by mail to the Bank in the City of New York. as
the Treasurer has designated the Bank at
which the bonds and the interest thereon will be
paid. And if at the expiration of thirty days
from and after the first publication of said no.
tce. on the receipt of such notice by such bank
the holder or holders of said bonds shall fail to
present the same for payment, interest on such
bonds shall cease and the Treasurer be ready at
all times to redeem said bonds on presentation.
SanS Tl,oto nrlir Of n,I: