The Omaha morning bee., 1924-05-05
YES
NO
For the Amendment Vote YES.
the Amendment Vote NO.

Shall the Charter OF the City of Omaha be amend
ed by the addition thereto OF Section 10 be known
Section 25A OF Article ~ which proposed section
reads follows:
article ". Section 25A Whenever property IS
purchased acquired by the exercise OF the power
OF EMINENT DOMAIN under the provision OF Section
ST. Article III, of the city Charter (sec 81, Art ILL.,
Chapter 49, Session Laws of Nebraska 1sls192l) Tor
streets alleys avenues boueyards for enarging.
widening or extending any OF the aforenamed THE
ASSESSMENT OF SPECIAL TAXES TO pay all OF
portion of the cost of acquiring such property as prosd
ed therein shall be made unless the City Council shall
provide otherwise under the terms of this Charter as
follows:
The cost so assessed shall be levied at one time
upon the property and become delinquent as herein
provided oNETENTH OF the total amount shall be
delinquent in fifty days after such levy; onetenth IN
one year; onetenth In two years: onetenth In three
years; onetenth In four years; oneenh in five years.
onetenth in six years. onetenth in seven years. one
tenth In eight years; onetenth In nine years each OF
said nsallments except the first shall draw interest
the rate OF six cent per annum from the time OF
levy aforesaid until the shall become delinquent
and after the shall become deinqunt shall draw
interest at the rate OF cent per month payable
in advance as In of other special taxes. Such
assessments shall be collected aud enforced as in other
cases OF special assessments provided that the entire
special tax levied any tract or lot may De pald
and satisfied by the thereof at any time by
paying the principal sum OF said tax together win
accrued interest.
All such special taxes and assessments and all in
terest accrung thereon shall constitute sinking fnnd
and shall be used only for the purpose OF payng the
interest and principal at maturity OF the Special
improvement Bonds" issued in such proceeding
AS soon as such special assessment has been levied
the Council thereupon authorized to Issue bonds OF
the City OF Omaha to be called Special Improvement
Bonds" OF the City of Omaha. Such bonds shall set
forth the Improvement proceeding under which they
were issued shall bear interest not exceeding rate
OF five and onehalf per cent per annum with interest
coupons attached and shall also provide that the spe
cia taxes and assessments levied In such proceeding
shall constitute sinking fund for the payment OF
bonds with interest Such bonds shall not be issued
until the special for such improvement have been
levied and only for the purpose OF financing such I'm
provement
For the purpose of determining the authority 10
issue bonds and the limitations placed thereon by the
provisions Sections 21 and % OF Article " tSecs.
21 and %, Art. ~. Chap 1l6, Session Laws OF Ne.
braska f9f9d92D Of the City Charter. the Special
Improvement Bonds" hereby authorized to be issued
shall take the classification and be subject TO the
same limitations bonds "to finance public inn
proyements" under the provisions Of said Sections
For the Amendment Vote YES.
Against the Amendment Vote NO.
.E4] so so'
oe rotated in The different precincts. Polls
NJ. MAY g, 1924.
VIM. d. McHUGH, JR.
Election Commissioner