Audubon County journal. (Exira, Iowa) 1884-1993, 1917-08-09
ORDINANCE NO. 50

q Am Ordinance providing for the
issuance of Water Works Bonds
i'm, the sum of IS, 100000.
Whereas, The Town OF Extra. i'm
the County of Audubon, State of
Iowa, is municipal corporation
duly organized and existing under
and by virtue of the laws and
Constitution OF the State of Iowa;
and
WHEREAS, The Town, Council
OF said Town heretofore pursuant
to Sections 72O ct seq. of the Sup
paement to the Code of Iowa, 1913
did legality call am election, fixing
the time and place thereof, and
did legally submit to the voters
of said Town, to be by them vot-
ed upon, the proposition of issu-
ing bonds in the sum of $5,OOO.OOs
for erecting, extending and improv-
ing the mun6cipal water works
system, and did provide for legal
sufficient, and timely notice OF said
election, and the time, place and
purpose thereof; and
WHEREAS, Said election was
legally held and conducted on the
fifteenth day of June, 1917 pursu-
and to said CALL and to said legal
and sufficient notice, duly given
for four consecutive weeks by puIbRL
cation once each week i'm the ONE
(and only newspaper published in
said Town; and majority of the
voters of said Town voting at said
election voted in favor of the fore
satd' proposition; and said sproposlt-
ion was duly carried; and
WHEREAS, The Council of said
Town, heretofore pursuant to sec
tom 1860 ct seq. of the Supple
ment to the Code of Iowa, 1913 as
amended; and to sufficient petit
ton, in accordance Herewith, sign
ed by a majority of all the quaM-
fled electors of said town, did
legally CALL am election, fixing the
time and place thereof, and, did
legally submit thereat to the vot-
ers Of said Town, to be by them
voted upon, the proposition of issu-
ing bonds of said Town in THE
sum of Five Thousand Dollars s,
OO0.) to- procure the funds to erect,
extend and improve the municipal
water works system, and did pro-
Wide for legal. sufficient, and time
| ly notice of said election and the
Time. place, and purpose thereof;
and
WHEREAS, Said election was
legally held and conducted ON the
fifteenth day of June, 1917, pursu-
ant to said call and to said legal
and sufficient notice, duty given for
four FULL weeks publication once
each week in newspaper published
i'm said town; and more than two
thirds of the voters of said Town,
voting thereat, voted i'm favor of a
foresaid proposition, the affirmative
vote ON said proposition being equal
to a majority of all persons voting
at the last preceding municipal eilec+
ton Of said Town, and said pro-
position was duly carried; and
WHEREAS, None of the bonds,
thus legally authorized to be issued
by aforesaid petition and aforesaid
election, have yet been issued; ii
is therefore
ORDAINED, BY the Town Coun-
Gill Of THE TOWN of Extra, Iowa:
Section 1. That there are hereby
authorized to be ISSUED Five (5)
negotiable Water Works Bonds OF
said Town of One Thousand Dollars
($10O0) each, numbered consecutiy,
n.y. from One Cd to Five 5, both
numbers inclusive, to be dated the
Second day of July, 1917, each bear
Ding interest from and after the
date thereof until paid, at the
rate Of Five per cent per a.nnum
payable semi-annually ON the First
days of january and July DIN each
| year Ss,,ch imfnmacf tn ,ha euidonra6
by negotiable coupons attached tic
each bond; both principal and in
terest payable in lawful money OF
THE limited States Of America, al
THE Banking house Of Geo. M. Bech-
tel and Company, i'm the city Of
Davenport, State Of Iowa, Said bond