The Parisian. (Paris, Tenn.) 1907-1962, 1921-05-13

be issued, shall be conclusive evil
dence that all provisions of law gov
erning such Bond issue, were COM
piled with, kand binding upon the
city.
PROVIDED, that such ordinance
shall beApublished for at least three
successive weeks in some newspaper
published in said city, nor shall said
bonds be issued until after the expi-
ration OF at least thirty days from
the final passage of such ordinance.
@It shall be the duty of the legis-
lAtive council to provide for the sale
o. all bonds to the highest bidder
sbut failure to do so shall not effect
the legality OF said bonds
And whereas, it appearing to the
council that the public welfare would
be best conserved by the issuance of
such bonds to the amount of two
hundred and fifty thousand dollars,
and that the expediency thereof
should be submitted to the voters of
said city: Therefore,
Section BE 1T ENACTED by
the legislative council of the City of
Paris: That there shall be sub
mitted to the qualified voters of the
City of Paris, Tennessee, at an cleo
ton to be held by the election com
n.issionors OF Henry County, Tennes-
see, the question as to the expediency
CT the issuance of such Public I'M
provement Bonds" to the amount of
two hundred and fifty thousand dol
lars, for the purposes and in accord
ance with the provisions of the acts
of the assembly set forth in the
preamble to this ordinance, and
which is made part hereof, the
- H.
to be as herein provided
Section 2.-That said bonds shall
issue in denominations of one thous-
and dollars EACH shall bear serial
number, respectively, from one to
two hundred and fifty, they shall be
designated as Public Improvement
Bonds of the City of Paris, Tonnes
see," shall bear interest at the rate
OF six per centum, payable semi
annually, with interest bearing cou-
pons therefor attached, shall be pay
able in the City of New York at
such place as may be designated by
final ordinance directing the issu-
ance of same thirty years after the
date of issuance, likewise to be
fixed in such final ordinance, they
shall be signed by the mayor and
recorder of the city and bear the
seal OF the city, and the coupons at
tached shall bear the Autographed
signatures of the mayor and recorder.
Said bonds shall be payable in good
and lawful. money of the United
States, shall be incontestable shall
pledge the full faith and credit and
all the resources of the city for the
payment thereof. They shall show
that all things required, to be done,
exist, or be performed precedent to
the issuance of such bonds, have
been done, exist and have been per-
formed in regular and due time,
form and manner as required by law.
They shall also recite any other
terms or conditions of said charter
act. tne
Secti%, cef3 1T shall be the duty
after the ssage of this ordinance
as possible,a % file with the said
election commissioners Of Henry
County, a Certified copy of this or
dinance, and ii shall thereupon be
the duty of said commissioners,
within thirty days thereafter, and
at such date, within the limitations
aforesaid, as they may designate,
and after giving proper notice, to
cause to be held a popular election
of the qualified voters of said city,
at the usual places of voting In said
city, and comfortable to the provis-
ions of the charter act of the as
sembly aforesaid and the provisions
of the laws of Tennessee thereto
applicable, to determine the ques-
ton Of the expediency OF the is
suance of said bonds.
Section 4.-Said commissioners
shall cause to be prepared, at the
expense of the city. ballots in &C
cordance with the charter act afore-
said, viz: Said ballot shall have
printed upon it, in separate para
graphs, this:
ELECTION to be held on the
day of June, 1921, (date
fixed to be inserted by commits
sioners) to determine whether
the City of Paris shall issue