Dresden enterprise and Sharon tribune. (Dresden, Tenn.) 1907-1997, 1915-06-04
legislative
Chapter No. SO,
House Bill No. 1856,
Private Acts.

An Act entitled an Act to authorize and
empower the Mayor and Aldermen OF
the municipal corporation OF the town
of Gleason, Weakley County, Ten
nessee, to provide for, purchase,
maintain and put into operation a
system OF waterworks for the said
municipal Corporation for the town
of Gleason, Tennessee, and to autho-
rize the issuance OF interest bearing,
negotiable bonds for said purpose,
and to levy and collect taxes for the
payment OF same.
Section l. Be it enacted by the
General Assembly Of the State OF
Tennessee, That the Mayor and
Aldermen of the Municipal Cor
of the town Of Gleason,
Weakley County, Tennessee, be and
they are hereby authorized and
empowered to issue negotiable, in
terest-bearing, coupon bonds ofthe
municipal Corporation Of the said
town OF Gleason, Weakley County,
Tennessee, to an amount not ex.
ceeeding five thousand dollars
($5,OOO) for the purpose OF buying,
establishing, erecting and putting
into operation system OF water
works for said Municipal Corpora
ton of said town of Gleason, Ten
nessee, and to furnish the inhabit-
ants OF said town Of Gleason and
the suburbs thereof, with water
for the homes, manufacturing,
business houses, and for all other
for which water from
such system Of waterworks may
be used in said town and suburbs
thereof. The amount and cost OF
such system of waterworks shall
be prescribed by the Board of May
or and Aldermen OF said town OF
Gleason, SO that the aggregate
thereof shall not. exceed Five
Thousand dollars.
Section 2. Be it further enact
ed, That said bonds shall be in
the demonstration Of $500 each,
with coupons attached for annual
interest; that they shall be payable,
and interest, in lawful
money of the United States and
said bonds shall be payable at the
end of twenty years from the date
OF their issuance, or sooner at the
option of the board Of Mayor and
Aldermen of the said town Of Glea-
son, they being given the right to
provide for their payment or the
OF any Of them at an ear
fer date than their maturity, by
the payment Of principal and mat
ured interest coupons, and take up
and cancel same and all coupons
said bonds to bear inter-
est at a rate Of six per cent per
annum, payable annually, and in
no case to be sold for less than
their face value; provided that no
commission or fees shall be allow
ed or paid to any one for the sale
Of said bonds. All Of said bonds
issued shall be denominated WA
terworks Bonds" and shall be
signed by the Mayor and Record
er of said town Of Gleason with
the Corporate seal of said town Of
Gleason affixed thereto. The Of
fetal signatures to the coupons
may be Autographed or lineotyped
instead Of originals.
Section 8. Be it further enact
ed. That before said bonds shall be
issued the Mayor and Aldermen Of
said town of Gleason, shabby or
dinance, submit the question to
the legal and qualified voters o.
said town OF Gleason to ascertain
the will OF said voters with refer
ence to the issuance Of said bonds
Said election shall be held within
the said town Of Gleason at a time
specified and designated by sale
Board of Mayor and Aldermen, by
ordinance to be opened at g O'Clock
A. NJ, and closed at 4 o'clock P
M, on such day, and shall be helC
in the way and manner prescribed
BY law, and bv the officials o
Weakley County legally authorized
n hold the other elections Of saiC