The Parisian. (Paris, Tenn.) 1907-1962, 1921-06-24
CITY ORDINANCE.
COUNCIL BILL NO. 9.
ORDINANCE NO. 6.

of Paris, Tennessee, to the amount
of two hundred and fifty thousand
dollars as provided by the fcharter
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
Legislative Council to issue, under
certain conditionss bonds of said city
therein denominated as Public I'M
provement Bonds" such provision
appearing in subdivision two of
section twenty-three of said act,
which said provision Is, in words
and figures following, to-wit:
"fhey shall have authority to is
sue bonds to be known as Public
Improvement Bonds but not to ex-
coed In amount two hundred and
fifty thousand dollars, bearing not
exceeding six per centum interest,
and maturing as may be provided
not exceeding thirty years from the
date of issuance, the proceeds OF
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 Elk.
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 And
upon the action of the council being
. certified to the Election Commits
sioners of Henry County, or a 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-
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 $500 day of ----- to
determine whether the City of Paris
shall issue Public improvement
Bonds to the amount of $---;
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
a majority OF the qualified voters
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
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-
nancea 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.
THE 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, We're
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
said bonds be issued until after the
expiration of at least thirty days
from the final passage of such ordi-
nance"
And Whereas, The Legislative
Council on May 18th, 1921, passed
on final reading an ordinance en-,
titled AN Act to provide for the
holding of a popular election in the
City of Paris. Tennessee, to determ-
inc the eXpediency of issuing bonds
of said city to the amount of two
hundred and fifty thousand dollars
and to prescribe the terms and con
ditions of said bonds" said ordi-
nance appearing upon the minutes
of the Legislative Council in Minute
Book s. at pages 1874 to 1879 inclu-
sive, and which said ordinance,
among other things, contained the
following provisions:
Section /. Be it enacted by the
Legislative Council of the City of
Paris: That there shall be sub
mitted to the qualified voters of
Paris, Tennessee, at an election to
be held by the election commits
sioners of Henry County, Tennessee,
the question as to the expediency
of 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, end
which is made a part hereof, the
terms and conditions of said bonds
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 Improve
ment Bonds of the City of Paris,
Tennessee; shall bear interest at the
rate of six per centum, payable
semi-annually with interest bearing
coupons therefor attached, shall be
L.