The Red Cloud chief., 1913-09-11
Notice of Special Bond
Election.
SEWER BOND PROPOSITION.

Noticc Is hereby given to the electors of the
city of Red cloud, Webster county. Ncbras
ka. pursuant To n resolution adopted by the
mayor and council Of said city. At a regular
meeting thereof September md. 1913. by
which resolution the council determined up
on n system ol sewerage and the estimate OF
the cost thereof, that n special election Is
called and Will be held In said city. at the
usual voting places therein to-wit: In the
first ward at the Office OF the city water and
light superintendent and IN the second ward
at thcFireman's Hail. on the nth day Of
october. 1913, between the hours Of y o'clock
a. m. and O'Clock p. m. at which the follow
ing proposition Is submitted To bc voted upon:
'Shall the Mayor and city Council of the
city OF Red Cloud. Nebraska. be authorized
To issue coupon bonds TO bc demoniatcd
Sewer Bonds of said city of Red cloud, Ne.
braSka. in the amount OF ilttcCn thousand
dollars In denominations Of five hundred dol
lars each. payable to bearer, To become due
~ years after the date thereof. hut payable
any time after the expiration of fiNc years at
the option 81 said city, and bearing no, jo
exceed Ave per cent annual interest and to
be- dated the day of their issuance, interest
and principal To bC payable n the office ui
tn, state treasurer OF Nebraska. said bonds
To- bc sold not less than par value with ac.
crucd interest and proceeds thereof to be
used by said city for the construction and c>-
tahlishing n system of sewerage In and for
said city, said system not to include any
lateral or district sewer: and shall the mayor
and council OF said city annually levy the
necessary tax upon all the taxable property
within said city, I'm addition to all other
"A Nps In mn h,
as the same may become due and to furnish
a sinking fund for the pay ment Of the prln
cipal OF said bonds, and an annual tax Of not
To exceed two mills on the dollar OF assessed
valuation OF the property OF said city for the
system Of sewerage"
The form OF the ballot to be used on said
election shall be rs follows:
Vote for one
For sewerage bonds and taxes .... ... H
Against sewerage bonds and taxes ......... ..
And to be voted and marked by making d
ner as provided by law.
should u majority OF the ballots cast at
such an election be In favor of said PROPOSE
tion the mayor and council OF said city
will he authorized to issue and negoti
ate said bonds according TO the conditions
and for the purpose specified In the foregoint
proposition and rs also contcm plated by IN,
statutes OF Nebraska rs In such case provide,
and 1t shall be the duty OF the mayo
and clerk Of said city when so authorized an,
by order Of the city council to sign and attcs
said bonds and ailiN thereto the seal Of sal,
city. The proceeds Of said bonds shall b
| paid To the treasurer Of said city Of Red Ciou,
and kept by him In seperatc fund, apar
| from other moneys, to he known rs n sewer
age fund and paid out only by order Of tn
council and warrant drawn against the sam
! for said purpose specified and no other
Dated this 2nd day Of September 1913.
! Attest:
b.C IEEL, u. H. SAUNDERS,
JNcah city Clerk. Mayor