The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-07-30
ORDINANCE NO.. 1S1

AN ORDINANCE CALLING AND
AUTHORIZING THE HOLDING OF
A SPECIAL ELECTION WITHIN
AND FOR THE CITY OF GLAS-
COW, MONTANA, ON MONDAY,
THE FOURTH DAY OF OCTOBER,
1915, FOR THE PURPOSE OF AS
CERTAINING THE WILL OF THE
QUALIFIED ELECTORS OF SAID
CITY OF GLASGOW, AS TO WIFE,
THEIR OR NOT THE CITY OF
GLASGOW SHALL CONTRACT AN
INDEBTEDNESS IN THE SUM OF
EIGHTEEN THOUSAND DOLLARS
($18,OOO.OO) AND ISSUE BONDS OF
SAID CITY IN SAID SUM FOR THE
PURPOSE OF RAISING FUNDS TO
ENLARGE AND IMPROVE THE
ELECTRIC LIGHT PLANT OF SAID
CITY OF GLASGOW:
WHEREAS, The Mayor and Council
of the City of Glasgow find and deem
it necessary to enlarge and improve
the electric light plant of said city
of Glasgow.
AND WHEREAS, The present FL
ectric Light Plant is inadequate to
supply the electricity needed by the
consumers in the said city of Glasgow
for power and lighting purposes.
AND WHEREAS, 1t has been deter
mined by the said Mayor and said
Council that to obtain the funds re-
CURED for the purposes aforesaid it
is necessary to incur an Indebtedness
for and on behalf of said city in the
sum of Eighteen Thousand Dollars
($18,O0O.O0); that the total assessed
valuation of the taxable property of
said city of Glasgow as as%certained
by the last assessment for state and
county taxes is the sum of Nine Hun
dred and thirty-five thousand five hun
dred and fourteen Dollars ($935,514);
THAT said city of Glasgow is indebt-
ed at this time in the sum of SO, 000.O0
incurred for the purpose of acquiring
and constructing an Electric Light
Plant for said city of Glasgow; and
in the sum of $4,000 incurred for the
purpose of securing and constructing
a water plant, water system and water
supply for said city of Glasgow; and
that said Indebtedness in the sum of
$50, 100000, incurred as aforesaid for
the purpose of securing and construct
ing a water plant, water system and
water supply for said city of Glas-
gov, is wholly within the ten per
cent limit over and above the three
per cent limit as prescribed by subdi-
vision GA of section 1859 of the re-
vised codes of Montana; and that no
part of said Indebtedness in the sum
of $50, 1000, incurred as aforesaid
for the purpose of securing and con-
structing a water plant, water system
and water supply for the city of Glas-
gov. is within or constitutes any part
of the three per cent limit of indebt-
edness mentioned in subdivision ga of
section 3259 of the revised codes of
Montana; and that said Indebtedness
in the sum of $50, 900. 90, incurred for
the purpose of securing and construct
ing a water plant, water system and
water supply for said city of Glasgow,
and no part thereof in any way effects
the said three per cent limit of indebt-
edness; and that the foregoing con-
~stitutes all of the Indebtedness of the
said city of Glasgow at this time; and
that the aggregate of said indebted
ness and proposed Indebtedness in the
sum of Eighteen Thousand Dollars
$18,OOO.) necessary to enlarge and
improve said Electric Light Plant is
less than thirteen per cent of the as
sessed valuation above mentioned; and
that the now existing indebtedness OF
said city of Glasgow and said propos-