Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1911-08-19
RESOLUTION TO BOND CITY
TO INSTALL MUNICIPAL
WATER SYSTEM

RFSOI. UTION PROVIDING FOR THE ISSC-
ANCE OF NEGOTIABLE COUPON BONDS
OF THE CITY or SFRINGTON IN THE
AMOUNT OF THIRTYsIN THOUSAND
DOLLARS FOR THE PURPOSE or con
STRUGGLING A wATERWoRKS SYSTEM
10 SUPPLY SAID CIrN AND ITS lNHAB
ITANTs WITH WATER.
WHEREAS II is deemed necessary by the
CITY Council to provide for the construction OF
an adequate waterworks system to supply the
CITY OF Yerington and Its inhabitants with water;
and
WHEREAS Plans and specifications for the
construction OF such waterworks system have
been prepared by c. IL. Green. Engineer, aud
have been approved by the City Council, and are
now on file with the City Clerk and
WHEREAS, The estimated cost of the con
struction t said waterworks system is Thirty
six Thousand Dollars SS6.oooi, and it is the
Judgment of the City Council that payment for
the same should he provided for by the issu-
ance of bonds of the city in that amount; now
therefore,
BE IT RESOLVED by the City Council OF the
City OF Yeriugtou. Nevada, that Tor tile purpose
OF providing for the construction of an adequate
waterworks system in and for said city, there
shall be issued the negotiable coupon bonds at
said city in the aggregate amount OF Thirty Six
Thousand Dollars $50 oool. to be known and
designated as ''Waterworks Bonds said
each; shall be numbered to 90, inclusive; shall
be dated September /. 1911, and shall mature
and become redeemable as follows: Bonds Num-
bers I to rs, inclusive, shall mature IS years
alter date, with the option Of redemption after
ten years from date aud bonds numbers 10 to 90,
inclusive, shall mature 80 years after date, with
the option of redemption after 20 years from
date said bonds shall bear interest at the rate
/ OF Six Per Centum per anuum, payable semi
annually, and shall have coupons attached for
each installnent of Interest, Both principal
and interest shall be made payable in law lul
money OF the United States OF America, at the
National Bank of Commerce in the city and
state of New York Payment OF the principal
and interest of said bonds shall he provided for
by the levy of a direct annual tax upon all the
taxable property in the city. and by the appto-
priation of the net revenues OF the waterwork~
system Tor that purpose, and the proceeds oi
said tax and revenues shall be placed by the
Treasurer in the 'Yeringtou Redemption Fund "
which shall be used solely Tor the payment OF
the principal aud interest OF said bonds
BE IT FURTHER RESOLVED that this resolution
shall he published in tull in the NEKi NGroN
TIMES. a newspaper published in the city. tor a
period of four weeks: and at the fl ii regular
meeting OF the Council after the expiration OF
the period OF such publication, IL no petition
shall have been filed as provided by law, pray
ing for special election IN said city upon the
question whether OF not the proposed oriinanc,
shall he passed the City COUNSEL will proceed t.
pass ordinance for the issuance of said bond,
in accordance with the provisions OF the fore.
going resolution.
The above resolution passed by the fu
lowing vote:
Yeas -Councilmen I.amhefson, Hanson Knie
: rim. Crowninshield.
Nays None.
Absent-None, = W. FAIRBANKS.
Attest; Mayor.
T.. II. WHITACRE, CLERK.
STATE or NEVADA.
County ~ Lyon.
/, T.. II whitacre, City Clerk of the city
of Yetington. in the county and State aforesaid
hereby certify that the above is a iull, true aud
correct copy OF a resolution adopted by the City
Council Of said City at meeting held on the l4tll
day OF August, Igli the same being a regular
meeting of said Council.
Witness my hand aud the Seal of said City
LSea this l4th day OF August. 1911.
T.. H. WHIrACRF. City CLERK