Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1915-04-30
H. F. No. e2o.
AN ACT

To legalize,the special election held in
the City of Cresco, Howard County,
| Iowa, on March 10, 1915, wherein
there was submitted to the voters of
said city the question of issuing city
water bonds to the amount of ten
thousand dollars for the purpose of
erecting new water tower in said
city, and purchasing grounds upon
which to erect the same; to legalize
the acts of the city council in respect
to said election, canvassing the re-
turns of said election and declaring
the result thereof, and ordering the
issuance of bonds hereunder; and to
legalize the bonds issued in pursu-
ance thereof.
Whereas, 1.-THE city of Cresco in How
ard county, now owns it's municipal
water plant, and has owned and oper-
ated the same since 1890, and
Whereas, the standpipe which is one
hundred feet high has been in constant
use more than twenty-three years, and
Whereas, said standpipe has been
condemned as unsafe and dangerous to
life and property by the commission of
labor of the..State of Iowa, and
Whereas, four hundred and twenty
one legal voters of said city of Cresco,
which number constituted sixty,one
and seven-tenths per cent of all votes
cast at the last preceding municipal
election in said city, in writing petit
toned the mayor and city council Of
Cresco to call an election for the pur-
pose of authorizing an Indebtedness and
bond issue under the provisions of Sec
ton Thirteen Hundred Six-c, d and
(13O6-c, and e, Supplement to the
Code, 1913, for the purpose of erecting
new water tower in..said city, and the
purchase. of grounds upon which to
erect the same, and
Whereas, the city council in due
form of law :called such an election
which was held in said city March 10,
1915, and
Whereas, eighty-six and twenty-four
one-hundredths (s6.24) per cent of the
voters voting at such election voted in
favor ofssuch bond issue, and $50
Whereas, the city council Of said city
of Cresco canvassed the returns of
such election and declared the question
SO submitted to the electors to have
been duly carried, and thereafter said
city council by resolution duly passed
by the unanimous vote of all the men,
beers thereof, directed the issuance by
said city of twenty water bonds. num-
bered from:one to twenty, both num-
bers inclusive, each for Five Hundred
Dollars ($50O.OO, dated March Is,
1916, to bear interest ut the rate of
five per cent per annum from date,
payable semi-annually, said bonds to
become due in twenty..yesrs from date,
or at the option of said city 1t any in
terest paying day after five years from
date, and ,Y,s
Whereas, the bidder for and pros
pective purchaser of said bonds asks
that the actions: of 1.-THE city council re-
specting said bonds and bond issue and
the bonds themselves be approved by a
legalizing act of this general assembly,
now therefore,
BE 1T ENACTED BY THE GENERAL
ASSEMBLY OF THE STATE OF
IOWA.
Section l.! That the proceedings of
the city council of Cresco, Howard
county, Iowa, ordering and providing
for the submission to the qualified cleo
tors of said city of the question of the
issuance of city water bonds to the
amount of ten thousand dollars for the
purpose of erecting new water tower
in said city, and purchasing grounds