Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1912-06-01

BONDS OF THE CITY or YERING-
TON IN THE AMOUNT OF TWENTY.
PURPoSE OF CoNSTRTcTiNG < SIS.
TEN OF SANITARY SEWERS IN AND
FOR SAaD CITY FOR THE USE AND
BENEFIT or IT'S INHABITANTS.
Whereas 1t is deemed necessary by the
City Council to provide for the construction
OF an adequate system OF sanitary sewers for
sanitary and health purposes; and
Whereas Plans and specifications for the
construction OF such system Of sanitary sew
have been prepared by c. II. Green, En-
gineer. and have been approved by the City
Council and now file with the City
Clerk: and
Whereas. The estimated cost of the con.
struction Of said system Of sanitary sewers ever
is TwentySix Thousand Dollars ($26.000)
and it is the judgment of the City Council
that payment for the should be pro-
vided for by the issuance Of bonds of the
" Now. III THEREFojRE. BE IT RESOLVED,
by the City Council of the City of Yerng-
ton. Nevada, that for the purpose at provid-
ing for the construction OF an adequate sys-
TEN Of sanitary sewers in and for said city.
there shall be issued the negotiable coupon
bonds of said city in the aggregate amount
of rwenty-Six Thousand Dollars tS26.000) to
be known and designated as Sanitary Sewer
Bonds Said bonds shall be of the denomi
nation of S. 900 each shall be numbered to
20, inclusive; shall be dated. ....... 1912,
follows:
Bonds numbered ! to 10. inclusive, shall
mature IS years after cate; with the option
of redemption after ten years from date.
Bonds numbered II to 20. inclusive. shall
mature 80 years after date. with the option
OF redemption after twenty years from date.
Said bonds shall bear interest at the rate
of six per centum % per cent? per annum; :
payable semi annually, and shall have cou
pons attached for each nstallment OF interest
10th principal and interest shall be made pay
able in lawful money OF the United States
of America. at the National Bank of Com
merce. in the city and state OF New York
PAYMENT of the principal and interest OF said
bonds shall be provided for by the levy of a
direct annual tax upon all the taxable prop
erty in the city and by the appropriation OF
the net revenues of the sanitary sewer system
Tor that purpose and the proceeds of said tax
and revenue shall be placed by the Treas
urer in the .'IERINGTON SANITARY
shall be used solely for the payment OF the
principal and interest OF said bonds.
1t shall be provided in the ordinance order
ing their issuance. to be hereafter passed
that for the years 1912 to 1920. both inclu
sive. and many years subsequent thereto
as may be necessary, there shall be annu
ally levied and collected a special tax to
make provision for the payment OF the prin-
cipal and interest of said $4,000 bonds SUI.
hcient in amount to raise the sum OF Sl,a6o
for the interest thereon, and $4,000 as a
sinking fund to pay the $4,000 bonds, pay
able in Is years. and in addition thereto. for
the years 1927 to lo4l. both inclusive. and as
many years subsequent thereto as may be
necessary. there shall be levied and collected
$500 81 as a sinking fund to pay the princi
pal and interest on the Sl3 900 bonds payable
in 80 years
BIZ IT FURTHER RESOLVED. That
this resolution shall be published in full in
the "lerington Times, newspaper pub
hshed in the city for a period of at least four
weeks and at the first regular meeting of the
City Council after the expiration of the period
OF such publication. If petition shall have
been filed as provided by law praying for a
special election in said city upon the ques
ton whether not the proposed ordinance
shall be passed. the City Council will pro
coed to pass ordinance for the issuance OF
said bonds in accordance with the provisions
OF the foregoing resolution.
luton duly seconded by Councilman
Crowninsheld. and upon roll call the vote
thereon was as follows:
Yeas Crowninsheld, Hanson. knierim and
Lamberson.
Councilmen.
Nays-None.
Whereupon the Mayor declared the reso-
luton adopted.
STATE OF NEVADA
County of Lyon.
|. Il. II. Nntacre, City Clerk OF the city OF
Ierington, in the county and State aforesaid,
hereby certify that the above and foregoing
is a full true and correct copy of the record
OF proceedings and resolution adopted by the
City Council of said City at meeting held on
the 10Th day of May. 1912. the same being
same relate to the issuance of Sanitary Sewer
bonds.
WITNESS my hand and the seal of said
City, this Goth day OF May, \. ID. 1912.
l.. II. WHITAKER.
(Seal.) City Clerk.