The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1916-10-26
COUNCIL PROCEEDINGS.

proved and signed
The following ordinance was
regularly introduced and read,
and on motion OF Councilman Ca
ruthers, which was duly seconded
the said ordinance was passed b.
tine affirmative vote OF all the
counciluen present. On motion
of Councilman ". A. Johnston,
1.-THE yeas and nays on said vote
were taken, resulting as follows :
". a. Johnston, IL. o. Stone
cipher. ". 4. Grissom and
"A. o. Caruthers, all voting
yea opposed, none. Whereup
on Tom. Dillon, ST., Mayor, APP
proved said ordinance which is in
words and figures as follows, to-
wit;
An ordinance calling an cleo
tion IN the City of Hickman, in
order 20 ascertain whether or
mot the electors Of said city are
n favor Of mourning an indebted
ness OF $4,000, issuing the said
city bonds thereof, for the pur-
pose of reconstruction and I'M
pro>ement of the public ways,
streets or alleys, OF repairing
same, lying within the limits OF
said city, and the amount of
money necessary to be raised an
nually by taxation for an interest
and sinking fund, and giving due
and legal notice of said election,
as is provided by law.
The City Council of the City
of Hickman do ordain as follows:
WHEREAS, Ii is deemed
necessary for this city to incur an
Indebtedness IN the sum OF
$4,000, the payment of which
cannot be met without exceeding
the income and revenue prOvid-
cd for the city for the present, or
amy particular year, for the pur-
pose of constructing, reconstruct
ing and improving the public,
ways, streets, and alleys of the
said city.
THEREFORE,, The legally
qualified voters of the City Of
Hickman are notified that an e
lection is hereby called TO be held
in the said city on the 7th day
Of Noyember,l9l6, the regular
lection day fqS said year, in or
der to ascertain whether or not
said electors are ia favor of III
curing said indebtedness;
AND WHEREAS. In order to
fully pay said indebtedness and
all interest that may accrue
thereon it il necessary to issue
bonds for said sum Of $4,000, duo
and payable ia installments OF
1000 per year, each and every
year thereafter for the term of
20 years from issuance, together
with necessary interest on the
unpaid principal thereof as same
becomes due, at the rate of six
per cent per annum,
AND WHEREAS, In order to
pay said sum Of money and all in
terest that VIII accrue thereon, it
Is necessary to raise and set q
side from the regular tax levy
the sum of $1,000, each and ev-
cry year thereafter, together
with interest at the rate of six
per cent per annum on the said
sum of $4,000, for the first year
of said bond, issue, said principal
decreasing in the sum of $1,000
each and ever year thereafter
for the period Of IS years,
AND WHEREAS, 1t is neces-
sary to raise for the first year Of
said bond issue principal of said
first maturing bond, and interest
on all outstanding bonds, tn
sum Of $4,000; the second year
s., 40; the third year, $1,000; the
fourth year, 5000; the fifth
year, 1890; the sixth year,
81 800; the seventh year, $l,S40;
the eighth year, $l,7SO; the ninth
year, $1,720; the tenth year,
) 500; the eleventh year, $1,000;
the twelfth year, $3.50; the
thirteenth year, 81 $50; the
fourteenth year, 81, APO; the fifth
enth year, 1880 !, the sixteenth
year, $1,000; the seventeenth
year, $l,240; the eighteenth
year, 81, $50; the nineteenth year,
81 l2O; the twentieth year, 81 ,O6Q
THEREFORE,, The City Clerk
Of the City Of Hickman is IN
structed TO have this ordinance
printed in the Hickman Courier,
a newspaper of general circula-
ton and published III said city, In
al least two issues thereof, prior
to November 18th, 1916; and shall
ia additional to said publication