Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1912-06-08

BONDS OF THE CITY OF YERING-
SIX THoUsAND DoILARs FOX THE
TEN Of SANITARY SEWERs rs AND
BENEFiT OF IT'S INHABTTANTS
Whereas, 1t is deemed necessary by the
City Council to provide for the construction
OF an ADEQUATE system OF sanitary sewers for
Whereas. Plans and specifications for the
construction of such system OF sanitary sew
ers have been prepared by {. II. Green, En-
gineer. and 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 of said system of sanitary sewers
is Twenty Six Thousand Dollars ($26,000),
and IT is the judgment OF the City Council
that payment for the same should be pro
vided for by the issuance of bonds of the
Now. THEREF0jRE. BE IT RESOLVED.
by the City Council Of the City of Yerng
ing for the construction OF 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 rwentySix Thousand Dollars (S26,O00) to
be known and designated as Sanitary. Sewer
Bonds. Said bonds shall be OF the denomi
nation of 81 900 each; shall be numbered ! to
20. inclusive; shall be dated. 1912,
and shall mature and become redeemable as
follows:
Bonds numbered / to 10, inclusive, shall
mature IS years after cate: with the option
of redemption after ten years from date.
Bonds numbered IA to %, 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 installment OF interest.
Both principal and interest shall be made pay
able in lawful money. OF the United states
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
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
for that purpose and the proceeds OF said tax
and ,n sha b Pass by tne
SEWERS REDEMPTION FUND which
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, 10 be hereafter passed,
that for the years 1912 to 1926. both incu
sive. and as many years subsequent thereto
as may be necessary. there shall be annu
ally levied and collected special tax to
make provision for the payment OF the prIn-
cipal and interest OF SAID S2o.0oo bonds SUI
hcient in amount to raise the sum OF Sl,obu
for the interest thereon. and $4,000 as
sinking fund to pay the 5000 bonds, pay
able in IS years. and IN addition thereto, Tor
the years 1927 to 1871. both inclusive. and as
many years subsequent thereto as may be
necessary. there shall be levied and collected
the further of $3.50 for interest and
SSDo.O/ as slukiR lullu ~ pay thS piNet
pal and interest on the $4,000 bonds payable
in 80 years
he 1T FURTHER RESOLVED. That
this resolution shall be. published in full in
the Warrington Times, newspaper pub
lished in the city for 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. il no petition shall have
been filed as provided by law praying for
special election in said city upon the ques-
ton whether not the proposed ordinance
hall he the Council will
coed to pass an ordinance for the issuance OF
said bonds in accordance with the provisions
of the foregoing resolution.
The motion to adopt the foregoing reso
luton was duly seconded by Councilman
Crowninshield. and upon roll call the vote
thereon was as follows:
Yeas Crowniusheld. Hanson, Knierim and
Lamberson.
Councmen.
Whereupon the Mayor declared the
luton adopted
STATE or NEVADA
County of Lyon.
/. T.. III. " ntacre, City Clerk OF the city OF
Yerington. in the county and State aforesaid
hereby certify that the above and foregoing
is full true and correct copy OF the record
of proceedings and resolution adopted by the
the 20th day of MAY. 1912. the same being a
regular meeting of said Council, far the
same relate to the issuance OF Sanitary Sewer
bonds
WITNESS my hand and the seal of said
City, this 10Th day OF May, \. ID. 1912.
T.. II. WHITAKER,
(Seal) City Clerk.