The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-08-06
ed Indebtedness in the sum Of Eight

ed Indebtedness in the sun Of Eight
cen Thousand Dollars ($1S,0O0.l neces-
sary to enlarge and improve said Elec-
trio Light Plant is not in excess IN the
aggregate, exclusive Of said indebted
ness incurred for the purpose Of Sc
curing and constructing a water plant,
water system and water supply FOk
SAID CITY OF GLASGOW, Of the
three per cent limit of indebtedness
prescribed by section 1859 Of the re-
vised codes Of Montana.
AND WHEREAS, to procure the
said sum of Eighteen Thousand Dol
lars ISIS, 900. O0), for the purpose at.
oresaid, it is necessary to issue and
sell bonds of said city of Glasgow
in that amount in denominations Of
One Hundred Dollars ($100) each or
multiples thereof payable in not to
exceed twenty years from the issu-
ance thereof and redeemable in such
time and manner as may be provided
for Nv ordinance to be hereafter pass
ed and approved, prescribing their is
suance and the form thereof, and to
bear interest at a rate not to exceed
six per cent per annum, payable semi
annually,
AND WHEREAS, it is desired to
ascertain the will of the qualified cleo
tors of said city of Glasgow and to
obtain from said qualified electors the
authority to incur said Indebtedness,
and to issue the bonds of said city
aforesaid to secure the funds with
which to enlarge and improve said
Electric Light Plant of said city of
Glasgow,
AND WHEREAS, it is necessary to
hold a special election within and for
said city to ascertain the will of the
qualified electors thereof, relative to
the enlargement and improvement Of
said Electric Light Plant and mourning
of said Indebtedness and issuance OF
said bonds of said city to obtain funds
for said purposes,
AND WHEREAS, it is provided by
law that an ordinance, authorizing The
calling and holding of said specia
election for the purposes aforesaid, bt
passed and approved.
NOW THEREFORE,
BE 1T ORDAINED BY THE
COUNCIL OF THE CITY OF CLAS.
Cow, MONTANA:
Section l. That a special election
shall be held and is hereby called to b.
held within and for the city of Glas,
gov, on Monday, the 4th day of Octo
Der, 1915, for the purpose of ascertain
ing the will of the qualified electors
of said city of Glasgow and that au,
thority may be given and power con
ferred upon the council of said cit,
to contract an indebtedness for and OF
behalf of said city which, added t,
the present existing Indebtedness an,
! including the Indebtedness of said cit,
incurred for the purpose of construct
ing a water plant, water system an,
water supply for said city, is les
than thirteen per cent of the assessed
valuation of the taxable property stu
ated within the said city and whic|
said proposed indebtedness, added t
the present existing Indebtedness. bu
excluding therefrom the indebtedness
of said city incurred for the purpos
Of securing and constructing a waite
plant. water system and water suppl,
for said city, is not in the aggregat
in excess of, but is less than tn
three per cent limit prescribed b
law, by the issuance of electric ligh
bonds of the city of Glasgow, to tn
amount and in the sum of Eightee
Thousand Dollars ($18, OOO. OO) for tn
purpose of charging and improvin
? the Electric Light plant of said cit
of Glasgow, which said Electric Ligh