Charlevoix county herald. (East Jordan, Mich.) 189?-1953, 1918-03-15

pose OF supplying the CITY and It's In
habitants, or either, with gas, electric,
or other lights, water, or any necessary
public commodity, at such times and on
such terms as hereinafter provided
Sec, IS. Wheneverthe city commits
sion shall, by resolution, declare that it
is expedient for such city TO acquire,
own, purchase, construct, or operate
any public utility for the supplying Of
the city and its inhabitants, or either,
with gas, electric or other lights, water,
or other necessary public commodity,
then the city commission shall have
power to take such action as shall be
deemed expedient to accomplish such
purpose.
See. 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 shaH cause to be made and re-
corded i. 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 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 a 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. 81. In case the city shall deter
mine that 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-
structing, 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
t shall not exceed six per centper annum
I and such bonds shall not be sold for
less than their par value. And the city
I may also, for the purpose OF acquiring
owning, purchasing, constructing, OF
7 operating such public utility, issue
E mortgage bonds therefor beyond the
J. general limits of bonded indebtedness:
S prescribed in this charter, or by law
4 Provided, That such mortgage bond:
Y issued beyond the general limits o.
e bonded indebtedness shall not impose:
: any liability upon such city but shall bt
e secured only upon the property anc
n revinues of such public utility, in
o cluding franchise stating the terms
!. upon which in case of foreclosure, tn,
e purchaser may operate the same, which
i franchise shall in no case extend for ,
= longer period than twenty years from
It the date of such foreclosure. PROVIDED
n Further, That the total amount expend
z ed for the purchase, or construction o
II such public utility shall not exceed th'
l. amount OF the estimate of expens'
n thereof provided for in section nine
o teen OF this chapter.
n Sec. %. After public utilities hav,
e been purchased, or acquired, or -con
s structed, as aforesaid. the city commits
u sion may then, raise and expend il
y making repairs and alterations, or i
u extending the same, or in operating
q the same, such sun as il may deem ad
e visable without submitting. the ques
&C ton to the electors of the city; but tn
II sum to be so raised in any one yea
II shalt be included in and shall not in
crease the total amount which by tn
.~o,t;s;.oe. of .saotinn five nj ohonta