The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1916-05-04
COUNCIL PROCEEDINGS.


said bonds at maturity.
The City Council OF the City Of
hickman, Kentucky, do ordain ~
follows: that
WHEREAS, there was submit.
ed TO the electors Of the City of
Hickman, Kentucky, at the gen.
oral election held upon the 4th
day OF November, 1913, the ques-
Ton whether the City Council
the CHy Of Hickman should be
authorized to issue bonds in the
sum OF fifteen thousand $4,000
dollars, Tor the purpose of rails
nr money 10 build and maintain
a le'ee along the banks of the
Mississippi river, within the limits
OF the City OF Hickman, KY, or by
cooperating with Others in said
expenditure, and,
WHEREAS, due notice Of SAID
election was given as required
by law, which notice specified the
amount OF the indebtedness pro-
posed % be incurred the purpose
oi the same, and the amount of
money necessary TO be raised an
|uually By taxation for interest
ami principal, and,
/ WHEREAS, at said election
upon @ canvass of the votes east
thnmat il appear that two
thirds of all the qualified electors
voting were IN favor of mourning
such indebtedness. and OF sucl
TAX.
Therefore the Council Of the
City of Hickman, Kentucky, do
origu:
Section | That bonds Of the
city be issuod in the sum Of fif-
en thousand $4,000 dollars,
said bonds shall be dated January
!. 1916. shah bear interest at the
rate of SIX per cenium (6 per
cent per annm, payable ANIMAL
ny h + o. denomination
BOO d #l. mt.re JmHA y
1886 u bond th.rt
N n uAar nug,IrrHg
,.aa y.o VI BE- tl.ty Nl
elusive and shall be signed by the
MAYOR and comteSigncd by the
Clerk of said city with the cor
ppate Saal thereto affixed and
'bc coupons shall bear the fac
,Imlc signature of said officers
>aJ bonds sbull be in substantial.
y the following form;
United States of America
State of Kentucky
City Of Hickman
Mississippi River Loyee Bonds
500 No.
KNOW ALL MEN BY
THESE PRESENTS: That the
City Of Hickman, Kentucky, a
municipal corporation created and
existing under and by the laws OF
the State Of Kentucky, acknowl-
edge. itself to be indebted TO,
md promises and binds itself To-
+. pay 10 the bearer hereof, for
value received. the sum OF.
FIVE HUNDRED DOLLARS at
1.-The Farmers K Merchants Bank,
lat Hickman, Kentucky, on th'.
/ first day of January, 936 with
. interest from date at the rate of
SIX lG per cent? per cent per
Iamm until paid, interest paya-
|hlc annually at the office aIore-
SAID upon presentation and sur
render of the proper coupon an.
naxcd hereto ON the first day oil
January of each year
This bond and coupons attached
are issued as negotiable instru-
ments by said City of Hickman
under and in pursuance of an
election of the qualified electors
of said City Of Hickman, ordered
Inv the Mayor and Board OF Coun-
\ eli thereof, for the purpose OF de
Gliding the question Of a loan to
sad city of fifteen thousand
Il $1,000 dollars and leyying a
spccial tax in said sum OF Slo'-
/ 600 upon an taxable property IN
said city. at a tax rate Of four
teen Hl) cents per hundred dol
lars per annum, assessed valua-
tion. being a sum sufficient to
nav said annual interest and re
tiro said bonds mt their maturity,
for the purpose of building and
maintaining a levee between TN,
City of Hickman, Kentucky ana
tbc Mississippi River, which sald
election was held in said Ci'y
a. Hickman on the 4th day OF
November 1913, being the regG.
L.. 81 az WN1Fn