Putnam County herald. (Cookeville, Tenn.) 1903-1922, 1920-10-21
PRIVATE ACTS
Chapter "a, House Bill No. 7
Carr

An Act to be entitled An Act t
authorize Cookeville, Tennessee, {
municipality organized under the
Acts of the General Assembly pas
sed April Is, 1908, and approved Apri
Is, 1908, being Chapter SAP of the
Acts of 1908, and subsequent amend
ments thereto, to issue bonds for the
purpose of purchasing material anG
equipment and other property neces
sary to procure electricity and water
for said municipality.
Section l. Be it enacted by the
General Assembly of the State OF
Tennessee, that Cookeville, Tennes.
see, a municipality organized under
the Acts of the General Ass emily
passed April Is, 1903, and approved
April Is, 1903, being Chapter 542 of
the Acts of 1908, and subsequent
amendments thereto, is hereby au-
thorized and empowered in its cor
porate capacity, to issue bonds of
said Cookeville, Tennessee, to be
signed by the Mayor and counter
signd by the city clerk, with annual
interest coupons attached, which cou-
pons shall be signed by the city clerk
of said municipality to an amount
not to exceed One Hundred Thous-
and ($100,00000) Dollars for the
purpose of establishing and equip
ping an electric light plant, trans
mission lines, buying rights of way,
acquiring real estate, and all purpos-
es Incident and necessary to procur-
ing electricity for Cookeville, Ten
nessee, and also for the purpose of
establishing water works system,
and equipping same. Provided said
bonds may be issued for either or
both of said purposes.
Section 2. Be it further enacted;
That said bonds hereinabove provid-
ed for may be issued IN denomina-
lions from One Hundred to One
Thousand Dollars, and they shall ma
ture and be redeemable at such time
within thirty years as may be pre-
scribed by corporate ordinance au-
thorizing and empowering the issu-
ance of said bonds. Said bonds shall
bear interest at not exceeding six
percent per annum, payable semi
Section 8. Be it further enacted:
That the issuance of said bonds shall
be known as "Cookeville, Tennessee,
Water and Light Bonds"
Section a. Be it further enacted;
That none of said bonds authorized
to be issued by this Act shall be is
sued without the passage of an ordi-
nance by the Commissioners of
Tennessee, specifying the
purpose for which said bonds are 20
be issued, and directing an election
to be held for the qualified voters of
Tnnessee, "for" and
against" the issuance Of said bonds
as provided by this Act, said election
to be held under the general election |
laws controlling the holding of cleo
lions in COokeville, Tennessee; pro-
vided, that failure of the majority
If the qualified voters OF said Cooke
Vile, Tennessee, voting in said cleo
ponds provided for in this Act shall I
lot prevent the submission of anOth-
,r proposition to issue bonds under
his Act; but if in any of said elec-
ions herein provided for majority
If the qualified voters voting in said
election, shall vote for the issuance
# said bonds, said bonds shall be
accordingly issued; and in case of
allure of majority of the voters
'oting in said election, to vote for the
ISSUANCE of said bonds, subsequent
lections may be held under the same
PROVISIONS and restrictions rs rrovid-
d for in this Act as to whether said
'onds shall be issued.
Section 5. Be it further enacted;
hat in said election or elections
erein provided for the ballots used
hall have upon them respectively:
For the issuance of bonds and
Against the issuance of bonds"
he tickets used in said elect cr or
lections shall be of white paper
even inches long and three inches
ride.
Section 6. Be it further enacted;
hat it shall be the duty Of the Gem
lissioners of Cookevill,, Tennessee,
D pass such ordinance SO as to ub-
lit the proposition Of the issuance
bonds to the qualified voters Of :
Tennessee.
Section 7. Be it further enacted;
hat this Act take effe e fr2m and
fter its passage, the public welfare
squirting it.
Passed August 10, 1920.
SETH NJ WALKER,
peaker of the House of Representa-
tives.
ANDREW L. TODD,
Speaker of the Senate.