The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-07-30

cen Thousand Dollars ISIS ,O00.) 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 se-
curing and constructing a water plant.
water system and water supply FOR
SAID CITY OF GLASGOW, Of the
three per cent limit Of indebtedness
prescribed by section 3259 Of. the re-
vised codes of Montana.
AND WHEREAS, to procure the
said sum of Eighteen Thousand Dol
lars ($18,O00.00), for the purpose af-
oresaid, it is necessary to issue and
sell bonds Of said city of Glasgow
in that amount in denominations Of
One Hundred Dollars ($1OO) 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 hy 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 annun:, 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 cur 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 special
election for the purposes aforesaid, be
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 be
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 city
to contract an Indebtedness for and on
behalf of said city which, added to
the present existing Indebtedness and
including the Indebtedness of said city
incurred for the purpose of construct
ing a water plant, water system and
water supply for said city, is less
than thirteen per cent of the assessed
valuation of the taxable property stu
ated within the said city and which
said proposed Indebtedness, added to
the present existing Indebtedness. but
excluding therefrom the Indebtedness
of said city incurred for the purpose
of securing and constructing a water
plant. water system and water supply
for said city, is not in the aggregate
in excess of, but is less than the
three per cent limit prescribed by
law, by the issuance of electric light
bonds of the city of Glasgow. to the
amount and in the sum of Eighteen
Thousand Dollars ($18, 10000 O) for the
purpose of charging and improving
the Electric Light plant of said city
of Glasgow, which said Electric Light
Plant shall be owned, controlled and
operated by said city of Glasgow.
Section 2. That the proposed bonds
in the total sum of Eighteen Thousand
Dollars ($18,000.0 O) and the whole
thereof shall be payable in not to
exceed twenty years and redeemable
in such manner and such time or times
as may be provided in the ordinance
directing their issuance. The said
bonds shall be in denominations of
One Hundred Dollars ($1OO) each or
multiples thereof and bear interest at
a rate not to exceed six per cent per
annum. payable semi-annually.
, Section 3. That following the pass
age, approval and taking effect of this
ordinance, the council of the city of
Glasgow is hereby directed to cause
to be given. and the mayor and city
clerk of said city are hereby required
to give, notice that a special election
will be held within and for said city
on Monday, the 4th day of October,
1915, for the purposes of determining
the will of the voters concerning pur-
poses herein set forth and said notice
shall be substantially in the following
form:
NOTICE OF SPECIAL ELECTION
TO BE HELD WITHIN AND FOR
THE CITY OF GLASGOW. ON
MONDAY, THE 4th DAY OF OC.
! TOBER, 1915. -.