Charlevoix county herald. (East Jordan, Mich.) 189?-1953, 1918-03-15
PROCEEDINGS. OF THE. :.
!. -, CITY. COMMISSION

PROCEEDINGS. OF. THE.
~ ;.a-aCITY. COMMISSION
| adjourned regular meeting of the
City Commission, held at the commits
sion rooms, Wednesday eve'g, Mar. 6.
Meeting was called to order by Mayor
Cross. Preseht-Cross, GidIey and
CrowelI. 'Absent-None.
The following resolution was offered
by Commissioner Gidiey, who moved
its adoption. Seconed by Commissioner
Crowell.
!, Whereas this commission as the legis-
lative body of the, city have proposed
amending the city charter by amend
ing SEQ. 19 OF Art. XII, and by adding
nine new sections to Art. XII, and
Whereas, The proposed amendments
have been duly submitted to the Cover
nor of the State of Michigan and have
been approved by him, Therefore,
Resolved, That the proposed amend
ments be submitted to the electors of
the City of East Jordan at the regular
city election to be held on Monday,
EApril: /, 1918, for their approval.
Further Resolved, !, That the form in
which the proposed amendment shall
be submitted on the ballot is hereby
determined by this legislative body Of
the city to be as follows;
Shall the city charter be amended by
amending Section 10 Of Article XI, per-
tanning to bonded Indebtedness, and by
adding nine new sections to Article XII,
to be known as sections IL to rs, in
elusive, pertaining to the acquiring,
owning, purchasing, constructing and
operating Of public utilities,
YES, IL.
4 NO, II.
! Further Resolved, That the City
Clerk cause notice to be given to the
electors: of, the city of the submission
of the proposed amendents by. pubIica-
ton thereof for not less than twenty
days proceeding such election, and in
\ not less than three successive issues OF
newspaper published and circulating
in said city,. The notice shall be as fol-
lows: -. =. y.
! Charter Amendment Notice
To the Electors of the City of East Jor-
dan, Charievoix County, Michigan:
~1TAKENOTICE-That at the regular
lefty election to be held in said city on
April /, 1918, there will be submitted to
the Electors ofthe City for their appro-
val, certain amendments. to the city
charteras proposed by the legislative
body of the city and duly approved by
the Governor of the State of Michigan.
The amendments proposed are to Sec
ton 10 of Article XI, and the adding OF
nine new sections to Article XII, per-
tanning to bonded indebtedness of the
City, and the right OF the: City to ac-
lquire, own, purchase, construct, OF
loperate. public utilities, said sections to
be made to read as follows;
ARTICLE X.-s
Sec. 10. In case of fire or flood, OIL
other public calamity the commission
may borrow for the relief Of the inhab
itants of the city and for the preserva
ftion Of municipal property, sum no
exceeding one fourth of one per cent o
the assessed value of the real and per
sonal property in the city, due in no
more than three years.
Sec. lga. For any loans lawfully
made the bonds Of the city may b
issued, bearing legal rate Of interest
A record showing the dates, number
and amounts of all bonds issued, ant
when due, shall be kept by the cit.
clerk. When deemed necessary by th'
commission to extend the time OF pay
ment new bonds may be issued in plac
of former bonds, falling due in sucl
manner Ak merely to change but not t
increase the indebtedness OF the city
Each bond shall show upon its face tn
class of indebtedness to which
belongs and from what funds II is pay
able. No bonds shall be issued withou
providing sinking fund to pay then
at maturity; Provided, That no sinkin
3 fund shall be required in the case @
serial bonds which shall fall due annu
ally; And Provided Further, That upo
4 the. issuing of any mortgage bonds t
acquire, own, purchase, construct, o
=: Operate; any public utility beyond tn
general limits 'os bonded indebtedness
= In this charter, or by r-@ prescribed
and secured only upon the propert
and revenues Of such. public utility, ths
there shall be created a sinking fun
by setting aside such percentage of tn
net or gross. earnings Of the publ