The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1922-05-04
COUNCIL PROCEEDINGS.

An Ordinance providing for the issue
of School Improvement Bonds in the
sum of S30.OOOD as authorized by an
election on said proposition on April 1st.
1922 for the benefit of the Board of
Education Of the City of Hickman, Ken
lucky.
WHEREAS i'm pursuance to an or
Idinance adopted 10y the Board Of Coun-
ell of the City of Hickman Kentucky.
on the 9th day of March 1922 and which
was published March 9Th. 1922. as ap-
pears of record. au election was held
/ in the City of Hickman. Kentucky and
Territory adjacent thereto embraced in
the school district of Hickman. Ken
lucky authorizing the issue and sale hy
the Board Of Education in the City of
Hickman. Kentucky of school Improve
ment Bonds I'm the sum Of 100000.
! WHEREAS as certified 10 the Board
Of Council Of the city of Hickman and
to the County Court of Fulton County
more than tw0-thirdS of the legal voters
as certified 10y the election commission
ers of Fulton County voting on said
proposition voted for the same and a
certificate of said election having been
duly certified and filed with the said
Board of Council and the County Court
Education of the City of Hickman. Ken
lucky having certified TO the Board Of
| Council that IL desires thar said bonds
shall be sold on june LIST 1922, AT not
/ less than par accrued interest to the
| highest bidder by scaled bids. said bonds
to bear'datc Of May IL 1922 and to
consist of go bonds of 5000 each with
coupons attached bearing interest at
the rate of q per cent payable semi
ANNUALLY. four of said bonds To Ice paid
each year commencing June 1St. 1928
the said principal sand interest To he
| paid at the Citizens Union National
| Bank of Louisville, Kentucky and the
purchaser of said bonds to deposit with
the Board of Education 100000. as a
guarantee that il viii pay and furnish
its bid To the said Board of Education
not later than June 10th. 1922 or the
said guarantee be forfeited TO the said
/ Board of Education and request that
the Board Of Council of the City of
/ Hickman enact an ordinance providing
| for the issue Of said bonds; and il
appearing that same has also been GER
| tilted to the Fiscal Court of Fulton
| County. be il now therefore ordained
| by the Board of Council of the City of
| Hickman, Kentucky:
Section / &: That School Improvement
| Bonds be at once prepared and have
| them executed i'm the sum of $50. 900 90
bearing date Of May 18th. 1922. that
the same be filed by the President and
| Secretary of the Board of Education of
the City of Hickman. Kentucky and Of
fer for sale by il at not less than par
and accrued interest to the highest bid
der by sealed bids on June 1st 1922 ::
that there be 60 Of said bonds prepared
of the denomination of $4,000 each
with interest coupons attached bearing
interest at the rate of per cent from
May 18th. 1922 and payable semi-an-
suaIly June LIST and Dec. LIST of each
lyear, the principal and interest TO be
lpaid at the Citizens Union National
Bank of Louisville. Kentucky; and the
Board of Education in making the sale
Of said bonds win require of the pur-
chaser a guarantee Of 100000 deposit
ed with il. that the purchaser will pay
land deliver to the Board of Education
1.-THE amount of its bid on or before June
10th. 1922. Upon the signing OF said
bonds by the PresidSnt and Secretary of
1.-THE Board of Education when same has
lbeen sold the proceeds of such bonds
shall be placed to the credit of the
Board of Education with its Treasurer
hut the same shall be kept i'm a separate
account and shall be used only for the
purposes as set out in the ordinance
providing for the election of said Bond
Issue. viz:
| To erect and equip new school build
ling or buildings and for the enlarge
lment and improvement of school build
ings already erected in said district.
! Section ?: That this ordinance be
certified TO the Fiscal Court of Fulton
4 County. Kentucky. that il may make the
necessary levy against the property in
the City of Hickman and i'm the terri
tory annexed TO the said city of Hick-
man, Kentucky, as is provided for by
law.
Section 3 That this ordinance be in
full force and effect from and after its
adoption. approval and publication.
| Motion was made and seconded that
the above ordinance be adopted and the
vote be taken and the members voted
as follows: C. 6. Schlenker,, yea; r.
IL. Bradley, yea f. r. Ellison. yea II.
NJ. Isler, yea. IL appearing that said
ordinance is unanimously adopted and
is hereby>adopted to he published i'm
mediately.
T. r. Swayne. Mayor
City of Hickman. Ky.
JnO. Pyle. Clerk of the |
Board Of Council
I. John +. Pyle. Clerk of the Board |
of Council of the City of Hickman. Ken |
tucky. do certify that the foregoing is |
q true and correct copy of the ordinance |
adopted and approved by the Board of |
Council of the City of Hickman at a |
regular meeting held on the evening of |
Nav 1st, 1922. as the same appears on |
record in my office this May End. 1922.
JnO. Pyle. Clerk of the !
Board of Council.