The Parisian. (Paris, Tenn.) 1907-1962, 1921-07-08

"a. 1929
AN ACT to declare the result Of
an election held on Saturday, |
June 18th, 1921 to determine the
expediency OF the issuance of Pub |
lie Improvement Bonds" of the City
of Paris, Tennessee, to the amount
of two hundred and fifty thousand
dollars as provided by the charter
of the city and the enabling act Of
the Legislative Council passed in
pursuance Of Its provisions, on May
18th, 1921, and TO provide for the
issuance of said bonds.
Whereas, In the Charter of the
City of Paris, as the same appears
in the acts of the assembly of of
1921, being chapter five hundred
and twenty-eight Of the private acts
thereof authority is granted the
certain conditions, bonds, of said city
therein denominated as Public I'M
proyement Bonds" such provision
appearing in subdivision two of
section twenty-three of Asaid act
which said provision is in words
and figures following, to-wit:
They shall have authority to is
sue bonds to be known ask Public
Improvement Bonds but notS to ex
coed in amount two hundred and
fifty thousand dollars, bearing not
exceeding six per centum interest
and maturing as may be preAided
not exceeding thirty years frorE4tiae
date of issuance the proceeds&8of
said bonds to be used for works
of public Improvements, such as
school buildings, the extension of
and replacement to the water and
light plant, parks and public utili-
ties, and the Improvement and ex
tension of the streets of the city.
Provided. Before the issuance of
such Public Improvement Bonds
the Legislative Council of said city
shall designate the amount of such
bonds, within the limitations herein
prescribed, which it Is proposed to
issue. and the terms and conditions
of such bonds, and shall order an
election of the qualified voters of
said city to determine the expe-
diency of the issuance of such
Public Improvement Bonds Ana
upon the action of the council being
certified to the Election Commits
sioners of Henry County. or GER
titled copy of the ordinance of the
Legislative Council authorizing said
election and providing for the issu-
ance of said bonds being filed with
said commissioners, it shall be the
duty of said commissioners, upon
giving notice required in case of city
and other elections, to cause such
election to be held within thirty
days after the filing of such certifi-
cate or ordinance, and under condi-
tons governing elections the ex-
penses of which shall be paid by the
city. Upon the tickets used in said
election there shall be printed, in
substance, this: Election to be held
on the 1890 day of --- to
determine whether the City of Paris
shall issue Public Improvement
Bonds to the amount of $780,;
For the issuance of said bonds:
Against the issuance of said bonds
The voter shall signify his will by
making an X after the printed
words on said ticket expressing his
DESIRE The election officers shall
within three days after said cleo
ton. make due return of the result
of said election to the Legislative
Council of said city and which shall
be entered upon the minutes of said
council and if it should appear that
of said city favored the issuance of
said bonds, the said council shall, by
ordinance, so declare, and provide
for the issuance of same. Said
bonds to be in denominations of one
thousand dollars each, payable in
good and lawful money of the
United States, bearing such rate of
interest as may be provided, not
exceeding six per centum, maturing
at such time and payable at such
place as may be designated by ordi-
nance, and which shall be signed by
the Mayor and Recorder, with inter
est coupons attached and bearing the
Autographed signature of the Mayor
and Recorder.
HThe action of the city, through
its Legislative Council, by ordinance,
directing and causing such bonds to
be issued, shall be conclusive evil
dence that all provisions of law
governing such bond issue, were
complied with and binding upon the
city.
provided, That such ordinance
shall be published for at least three
successive weeks in some newspaper
published in said city, nor shall
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