The Whitefish pilot. [volume] (Whitefish, Mont.) 1904-current, 1910-03-17
Notice of Special Election.

DuIOOS0
OF voting upon the question of
Shall the Town of Whitefsh create an indebt.
edness and issue bonds of the said Town in the
sum Of not to exceed $lO.OOeOO to procure .
Public Sewer System for and install a Sewer
system in the said Town. the same to be owned
and controlled by the said TOWN." the amount
ara Character. and the particular purpose
therefor being more clearly set out in Ordinance
NO. Do. OF said Town hereto attached and made
part hereof.
ORDINANCE No. 55
An Ordinance declaring the necessity of pro-
curing Sewerage System for the Town of White.
fish. and providing for the calling of a Special
Election of the Taxpayers of the Town of White
hsh. Montana. at which shall be submitted the
following question:
Shall the Town of whitefsh create an indebt.
edness and issue bonds of the said Town in the
sum of not to exceed $40 OOO.OO ten Thousand
Dollars) to procure a 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 Whitcfish:
Section l. That it is necessity and by this
ordinance it is declared to be a necessity, that
sewer system be procured for the Town of White
fish. 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 2 That the money arising from the sale
OF the bonds. hereinafter in this ordinance des
cribed. and the whole thereof. must be paid into
the Town Treasury and into the Sewer Fund, and
used only for the purpose of procuring a Sewer
System for the said Town and the inhabitants
thereof
Sec B. That the town clerk is hereby directed
to give notice of special election to be held in
the Town of Whitefish. on the Fourth day of
April. 1910. 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 SO 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 &C.
cordance 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. A. 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
(briefly 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
Whitefsh 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 100000. (Ten Thousand Dollars.) The
bonds issued by virtue of this ordinance shall be
known as 'Whitefish Sewer Bonds" and shall
bear interest at the rate of not to exceed per
centum per annum. interest payable semi-annual.
ly Said bonds shall have attached thereto semi
annual coupon notes for each installment 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 ponds numbered consecu-
lively. beginning at number one.
Sec. 8. That a tax Of.................. mills on
the dollar. as may be necessary shall be levied
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 severally 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 $l.OOOOO Zone
Thousand DOllarS), then, when it shall so occur,
the Town Treasurer shall cause notice to be pub
lshed 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 as he will re-
deem and shall call said bonds in their numer-
ical order. and similar notice must also be sent
by mail to the Bank in the City of New York. as
the Treasurer has designated as 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