The Parisian. (Paris, Tenn.) 1907-1962, 1921-05-13
CITY ORDINANCES.
CITY ORDINANCE No. 1-1sa1.

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CITY ORDINANCE No. 1-1se1.
AN ACT to provide for the holding
OF a popular election In the City of
Paris. Tennessee, to determine the
expedieney of issuing bonds of said
city to the amount Of two hundred
and fifty Thousand dollars, to be
known as Public Improvement
Bonds, and to prescribe the terms
and conditions of such bonds.
Whereas, In the charter of the
City of Paris. as the same appears
In the acts of the assembly of 1921
being chapter five hundred and
twenty-eight of the private ats
thereof, and which was approved by
the governor of this state on april
first, nineteen hundred and twenty-
one, authority Is granted the legisla-
tive council to issue, Under Certain
conditions. bonds of said city therein
denominated as Pubic Improve
ment Bonds such provision appear
ing in subdivision twoAof section
twenty-three of said act, which said
provision is, in words and figures
following, to-wit:
They shall have the authority to
issue bonds, to be known as Public
exceed 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
dste OF issuance, the proceeds of
said bonds to be used for works of
public improvements, such as school
buildings, the extension of and re-
placement to the water and light
plant, parks, and public utilities, and
the improvements and extension 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 limitation herein
prescribed which 1t 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 expediency
o. the issuance of such public I'M
provement Bonds" And upon the
action of the council being certified
to the election commissioners of
Henry County, or a certified copy
of the ordinance of said legislative
council authorizing said election and
providing for the issuance of said
bonds being filed with said commits
sloners, 1t 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 certificate or ordi-
nance, and under conditions govern
ing elections in general, the expenses
OF which shall be paid by the city.
Upon the tickets used in said cleo
ton there shall be printed, in sub
stance. this: Election to be held
on the--day Of, to determ-
inc whether the City of Paris shall
issue Public Improvement Bonds to
the amount of S.. For the is
suance 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 election, 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
1t 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 issu
ance of same. Said bonds to be in
denominations of one thousand del
lars each. payable In good and lawful
money of the United States, bearing
such rate of interest as may be pro-
vided, not exceeding six per centum,
maturing at such time and payable
at such place as may be designated
by ordinance, and which shall be
signed by the mayor and recorder,
with interest coupon" attached and
bearing the autographed signature of
the mayor and recorder.
1.-THE action of the city, through
its legislative council, by ordinance,
directing and causing such bonds to