The Denison review. [volume] (Denison, Iowa) 1867-current, 1915-06-16
o1pxuAHcn no. az.
AN. ORDINANCE PROVIDING Fl
THE ISSUANCE OF 100000. W

AN ORDINANCE PROVIDING FOR
TERWORkS BONDS.
| Whereas, The city of Denison, in the
| county of Crawford, state of Iowa. is a
municipal corporation duly organized
and existing under and by virtue of the
laws and constitution of the state of
Iowa, and
| Whereas, The council of said city,
heretofore, pursuant to Sections 720 ct
seq. of the Code Of Iowa, as amended,
and pursuant to Sections 13o6-b ct seq.
of the Supplement to the Code of Iowa,
1907, as amended, and to Il sufficient Pc
tition in accordance Herewith, signed
by a majority of all the qualified electors
of said city, did legally call an election
| fixing the time and voting places there
Of and did legally submit thereat to the
voters of said city to be by them voted
upon. the proposition of constructing
extensions to the municipal waterworhs
system, and the proposition of issuing
bonds VI said city to the amount OF $20,-
900. to procure the funds to defray the
cost of such extensions, and did pro
vide for legal, sufficient and timely
notice Of said election and the time, pur-
pose, precincts and respective voting
places thereof; and
Whereas, Al said election legally held
and conducted on the fifth day of May,
legal and sufficient notice, duly given
FOR four weeks by publication once each
week in each OF two newspapers pub
lishcd in said city in conformity with
law and orders of said council, more
than two-thirds Of the voters of said
city, voting thereat, voted in favor OF
each of aforesaid propositions, the at
tirnIative vote on each proposition being
equal to majority of all the persons
voting at the last preceding municipal
election of said city: and the aforesaid
propositions were each duly carried;
and
Whereas, None of the bonds, thus le-
gally authorized to be issued by afore-
said petition and election, have yet been
issued; it is therefore
Ordained by the City Council of the
City of Denison, Iowa.:
Section 1. That there are hereby
authorized to be issued twenty COO ne
gotiable waterworks bonds by said city,
of One Thousand ($1OOO Dollars each,
numbered consecutively from One %
to Twenty (2O), both numbers inclusive,
to be dated the first day of June. 1918.
each bearing interest from and after
the date thereof, until paid, at the rate
of five t5) per centum per annum, pay
able semi-annually on the first days of
June and December in each year, such
interest to be evidenced by negotiable
coupons attached to each bond; both
principal and interest payable in lawful
money of the United States of America,
at the banking house OF Geo. NJ. Bech-
tel 4 Company, in the city of Daven-
port, state of Iowa. Said bonds shall
of June, 1885, said city reserving the
right to redeem, before last named date,
Bonds Nos. l. 2, 8, 4 and 8. $4,000, at
any interest paving pe period on or after
Bonds Nos. 8. Z, 8, and 10, $4,000,
at any interest paying period on or al
ter the first day Of June. 1925:
Bonds Nos l. L.. ls. ii and Is, $4,000.
int, fHrxr ind
ter the first day of June, 1880
Sec .. The bonds hereby author
] lied shall be in form and recitals sub
stantially as follows; except that the
fore last named date at any interest pay
in gperiod on or after the first day Of
June, H. shall be omitted from bonds
Nos. &c. IL IS. 10 and 90.
(FOrm OF BOnd.)
UNITED STATES OF AMERICA,
STATE OF IOWA, COUNTY OF CRAW-
FORD, CITY Or DENISON. WATER
WORKS BOND.
The city of Denison, in the state Of
Iowa. for value received, promises to
pay to bearer One Thousand Dollars,
lawful money of the United States of
America, on the first day of June. 1880
or at the option of said city before last
named date at any interest paying peri
cd on or after the first day of June.
49,, with interest on said sum from the
date hereof until paid, at the rate of
five per centum per annum, payable
semi-annually on the first days of June
and December in each year, upon pre-
sentation and surrender Of the interest
coupons hereto attached Both princi-
pal anu interest payable at the banking
house of Geo. NJ. Bechtel & Company,
in the city of Davenport, state of Iowa.
This bond is issued by the city of Den
ison, pursuant to- and in strict compi-
ance with the provisions of Sections
72O ct seq. and Sections 1SO6-b ct seq.
of the Supplement to the Code of Iowa.
1907, as amended and in conformity
with an ordinance of the council of said
city, duly passed, approved and pub
lished for the purpose of extending the
municipal waterworks system, as duly
the voters Of said city, voting at an
election legally called, pursuant to a
sufficient petition with the requisite sig
natures. and legally held. pursuant to
legal, sufficient and timely notice. duly
published.
And it is hereby certified and recited
That all acts. conditions and things. re-
quired by the laws and constitution of
the state of Iowa to be done precedent
to and in the issue of this bond, have
been properly done. happened, and been
performed in regular and due form as
required by law: that the faith, credit
and revenues and all the real and per-
sonal property of said town are irrev-
ocably pledged for the prompt payment
of the principal and interest hereof at
maturity: and that the total indebted
ness of said city, including this bond.
does not exceed the constitutional or
statutory limitations.
In Testimony Whereof. said city, by
it's council has caused this bond to be
signed by it's mayor, and attested by it's
city clerk, with the seal of said city af-
fixed, as of the first day of June 1915.
w. H. LAUB,
of Mani
Attest: E. F. TUCKER,
Clerk of the City of Denison.
Dorm of CouponD
No go. $1,000
Denison, Iowa.
On the first day of ........... 10. :,
the treasurer Of the city Of Denison,