Charlevoix county herald., 1918-03-01

power TO take such action as snail De
deemed expedient to accomplish such
purpose.
Sec. 10. In case the city commission
shall, by resolution, declare that it is
expedient for the city to acquire, own,
purchase. construct, or operate any
such public utility the said city COM
mission shall cause to be made and re-
corded in their proceedings an esti-
mate of The expense thereof, and the
question of raising |the amount neces-
sary for the acquiring, owning, pur-
chasing, constructing, or operating
such public utility shall be submitted to
the electors of the city at its annual
election, or at a special election called
for that purpose by the city commission
and shall be determined as a majority
Of the electors voting by ballot shall
| decide.
Sec. 20 The city commission shall
cause proper notice of the submission
Of such question to be given to the
electors OF the city by publishing such
notice In one or more newspapers OF
the city for not less than once each
week for three successive weekly
issues of such paper and by posting in
not less than six public places in the
city printed notices thereof twenty days
proceeding the holding Of such election.
When submitted at special election
duly called by the city commission for
that purpose like notice Of the holding
of the special election shall be given
as Of the submission OF the question
and all laws pertaining to general
elections shall govern the holding Of
such special election SO far as appli-
cable The form Of the ballot on which
the question is submitted shall be de-
termined by the city commission.
Sec. Fl. In case the city shall deter
mine that a majority Of the electors
voting at such election favor the ac-
quiring owning, purchasing, construct
ing, or operating such public utility it
shall be lawful for such city to borrow
any sum Of money, not exceeding five
per cent of the assessed value of the
real and personal property Of the city
as shown by the proceeding tax roll, to
be used exclusively for the purpose OF
acquiring, owning, purchasing, con-
structinQ, or operating Of such public
utility, as provided for in proceeding
sections Of this charter. The city COM
mission shall have power to fix the
time and place of the payment Of the
principal and interest of the debt con-
tracted under the provisions OF this
chapter and to issue bonds Of the city
therefor, but the rate of such interest
shall not exceed six per centper annum
and such bonds shall not be sold for
less than their par value. And the city
may also, for the purpose Of acquiring,
owning, purchasing, constructing, or
operating such public utility, issue
mortgage bonds therefor beyond the
general limits OF bonded Indebtedness
prescribed in this charter, or by law;
Provided, That such mortgage bonds
issued beyond the general limits OF
bonded Indebtedness shall not imposes
any liability upon such city but shall be
secured only upon the property and
revinues Of such public utility, in
cluding franchise stating the terms
upon which, in case OF foreclosure, the
purchaser may operate the same, which
franchise shall in no case extend for a
longer period than twenty years from
the date of such foreclosure. Provided
Further, That the total amount expend-
ed for the purchase, or construction of
such public utility shall not exceed the
amount OF the estimate of expense
thereo provided for in section nine
teen of this chapter.
Sec. %. After public utilities have
been purchased, or acquired, or con-
structed, as aforesaid, the city commits
sion may then raise and expend in
making repairs and alterations, or in
extending the same, or in operating
the same, such sum as II may deem adj
visable without submitting the ques-
ton to the electors of the city; but the
sum to be SO raised in any one year
shall be included In and shall not in
crease the total amount which by the
1provisions OF section five OF chapter
eleven OF this charter the city commits
sion is authorized to raise.
Sec. 23. II 1t shall be necessary in
the judgment Of the city commission to
appropriate private property, either
within or without the city limits, for
the construction. operation, or main.
tenance Of such public utility, the right
to occupy and hold the same and the
ownership therein may be acquired by
: the city In the manner and with like
J effect as provided by chapter sixteen Of
this charter and the general laws Of the
state Of Michigan.
Sec. Is. The city commission may