Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1920-03-10
CITY ORDINANCE
BILL NO. II.
ORDINANCE NO. 90.

AN ORDINANCE PROVIDING FOR THE
ISSUANCE or GEN ERAL IMPROVE
or THE CITY or Y ERINGTON, IN
THE AMOUNT or FORTY THOUSAND
DOLLARS, FOR THE PURPOSE OF
IMPROVING CITY SHEETS, IN
SEWER SYSTEM, AND MAKING
NEEDED REPAIRS TO SAID SEWEI
SYSTEM, INCREASING TIE EFFI
CsIENcYoF TILE City WAIER sIS
WELLS AND PUMP, ENTENDING TIL
ADDITIONAL FIRE HNDRANTS, NM
FOR THE PuRPoSE OF PuR ,,7I !; ~ y
AND EQUIPPING \ CITY HAIL ANl
FIRE STATION.
Whereas, at a regular meeting Of the Git
Council OF the City OF lerngton, held upoi
the Sixteenth day OF January, 1920, the Git.
Council of the City OF Ierngton, duly passet
Resolution, providing for the issuance
General Improvement Negotiable Coupe;
Bonds Of said City. in the amount of fort
thousand dollars. for the purpose OF improving
City streets, extending the mains of the cit.
sewer system, and making needed repairs t.
said sewer system. increasing the efficiency
the city water SYSTEM by providing addltiona
wells and pump, extending the water main
and installing additional fire MIGRANTS, an,
for the purpose OF purchasing lot and bulld
ing thereon and equlpping City Hail an.
Fire Station which Resolution sets fort
fullv and in detail the purpose OF the pre-
posed bonded Indebtedness, the terms, amount
rate of interest and time within which re
leemable, and on what fund; and
WHEREAS, The various departments
the CITY Government have made their est
mates of the probable and approximate cos
5f the various improvements III each OF sal
departments which estimates are part E
he record Of the City Clerk, and among othe
matters SET forth the following estimates .sf
The sum OF ten thousand iaas 4 w use
to improve. grade 4ess1s and snffacc the Git
street
1ife sun of five thousand dollars to be use
IN making sewer main extensions and repair
% The sewer system;
The sum OF seven thousand FIVE hundre
of the city water system, by drilling nc>
wells, purchasing new pump, properly housih
he same extending water mains, installing
additional fire hydrants and making neccssaf!
repairs to the present water system, ana IN
u1n of seventeen thousand FIVE hundred dol
lars TO be used for the purchase OF a lot, ant
the building and equipping OF a City lial
and Fire Station thereon; and
WHEREAS. said resolution was therealte
July published in full in the Mason ale.
News. newspaper printed and published II
he City OF Nerington Lyon county, -\eVaua
or a period OF four weeks GIVE lssues) an5
:. WHEREAS No petition has been filed witt
he CITY Clerk or presented to the City Coun
ILL., praying for an election upon the questlol
If whether or not an Ordinance shall he passe'
Tor the issuance OF such Bonds, as ~ sal
NOW THFRFFORE, THE CITY COUN
IL. OF THE CITY OF NERlN1IoN III
DRDAIN:
rowing, grading gravelng and suracing tn
'itv streets, according to the estimate Thereon
amounting TO the sum OF ten Thousand dollars
md the making OF sewer man extensions an
fepairs to the sewer system, according to tn
.stinate thereof amounting to the sum
i've thousand dollars; for the purpose OF ii
,reasing the efficiency Of the city water sy'
EN- by drilling new wells: purchasing d uSN
pump, properly housing the same, eNtehd,l
water mains, installing additional ire ny
rants, and making necessary repairs to ~
resent water system, according to the esu
nate thereof, amounting TO the SUN pt seH i
housand FIVE hundred dollars; and lor IN
purpose OF purchasing lot and building an
.quppng a City Hall and Fire Station therI
H. according to the estimate thereof, anloun'
20 the sum Of seventeen thousand i've hQldre'
oars all Of which are IN the nature Oh sen
raj improvements in and for TIE tity
cr;naton and shall be and there are hcrcb
,dcrcd and directed to be issued ucgotlabl
,o,pon bonds OF the City OF Hcsngton, II ~
,otal aggregate amount OF qorty thousand 90
ars to be known and designated as 1.euetal I'M
lrovcment Bonds. Said Bonds shall DC OF IN
denomination OF five hundred dollars each
hail be numbered one TO eighty inclusive, sha'
BE dated April first, 1870 and shah natur
nd become redeemablc as follows;
Bunds numbered one TO forty inclusive sha'
nature fifteen years after date. with the op
ion OF redemption after FIVE years from date
and bonds numbered forty one 10 eighty, IN
usive, shall mature thirty years alter date
With the option OF redemption after ten year
rom date. 4
Said bonds shall bear interest at the raj.
II six per cent, per annun, payable semi-annuH
y after January first, 1921, and the interes
ipon all OF said bonds from April first, 1920
to January first, 1921, shall be due and payabii
,pon January first, 1921. and all OF said bond
shall have coupons attached for each install
rient OF interest Both principal and mteres
hall be made payable in lawful money OF tn ?.
United States of America, at the Office OF tn
City Treasurer OF the City of Yerington,
lyon County, Nevada. Payment OF the prn
cpal and interest OF said bonds shall be pro
,idcd for by the levy of direct annual ia:
1pon all OF the taxable property OF the Vt.
II Yerngton, and the proceeds OF said "a
shall be placed in the City Treasury, IN tn
General Improvement Bond Fund, which sai'
fund shall be used solely for the payment Q
the principal and interest of said bonds
SECTION II. Said bonds and coupon
shall be in substantially the following form
respectively, to-wit.
:. UNITES' STATES OF AMERICA
COUNTY OF LYON
N,I.r- n n