The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1922-11-24
RESOLUTION

have submitted to the Board OF |
Council of the City of Paris, Ken
lucky, written report setting
forth the needs of said school, and
WHEREAS, it appears from said
report that the necessities of said
school require that an addition to
the school buildings for white
children. be constructed and equip
ped, and it further appearing from
said report that the sum of Fifty
Thousand Dollars ($50,000.O0) will
be required for said purpose and it
appearing that said sum cannot be
raised by levy of tax allowed by
law in any one year and that the
said sum necessary to be expended
for said purposes exceeds the in
come and revenue of the City of
Paris, Kentucky, for school purpos-
es in any one year, and,
WHEREAS, it further appears
that the only practicable method of
raising said sum of money is by the
issue of bonds and a levy from time
to time to pay the bonds and in
terest thereon, and,
WHEREAS, said Board of Educa-
ton in said report, recommended
and requested that the proposition
of issuing the bonds in the amount
of Fifty Thousand Dollars ESQ.,
|000.0O) be submitted to vote of
the qualified voters of the City of
Paris, Kentucky. and
30
tion have filed suit in the Bourbon
Circuit Court against the Mayor
and the Board of Council of the
City of Paris, Kentucky, asking the
said Court to require the Board of
Council to adopt an ordinance, sub
hitting said question to the quail
fed voters of the City of Paris,
Kentucky.
THEREFORE, be it resolved by
the Board of Council of the City Of
Paris, Kentucky, that an election
be and the same is hereby called
and ordered to be held on the 18th
day of December, 1922, and that at
said election there be submitted to
the qualified voters of the City of
Paris, Kentucky the following prop
osition:
"Are you in favor of issuing
bonds in the sum of Fifty Thous-
and Dollars ($5O.O0O.OO), to be
paid by levies from time to time to
meet the bonds, and interest thereon
for the purpose of constructing and
equipping an additional building
for said school for white children?"
There is likewise called and or
dered to be held Special Registra-
ton on the 9th day of December,
1922, for the purpose of registering
all qualified electors who are not
already properly registered. For the
purpose of holding said election
and registration, it is ordered that
the Sheriff of Bourbon county on
the dates aforesaid, cause the polls
to be opened in each of the twelve
voting precincts in the City Of Paris,
Kentucky, on the dates aforesaid
and as the law directs.
It is further ordered that said
bonds, if authorized to be issued,
shall mature at intervals to be
hereafter determined, but none of
Isaid bonds are to mature at a later
date than 25 years after the date of
issue and that there shall be raised
annually by taxation for said pur-
pose, the sum Of Five Thousand
Dollars, or such part thereof as may
be necessary for an interest and
sinking fund for the purpose of pay
ing the interest on said bonds and
iredeeming said bonds at their ma
turity. Said bonds shall be issued
providing for the payment Of inter
est thereon at the rate of not more
than Five Per Cent (5%) per an
mum. At the election herein or
dered, the qualified voters of the
City Of Paris. Kentucky, shall have
the right to vote and the tar pro-
posed to be levied for the purposes
aforesaid, shall be levied upon all
property in the City of Paris, Ken
lucky, subject to levy for school
purposes in the City of Paris, Ken
lucky. The City Clerk shall give
notice of the election and registra-
ton above provided for, by publish
ing a notice thereof in a newspa-
per having a general circulation in
the City Of Paris, Kentucky, for at
least once a week for three consec-
utive weeks prior to the date of said
election and registration. Said
notice shall specify the amount of
| Indebtedness proposed to be incur
red, the purpose Of the same and
the amount necessary to be raised
annually by taxation for an inter-
est and sinking fund as above stat
ed The City Clerk will furnish
the Sheriff of Bourbon county a GER
titled copy of this resolution and
will likewise furnish copy of the
same to the County Clerk Of Bour-
bon county within ten days after
the passage of the resolution, and
the said Sheriff and the said
County Clerk are directed to do