Loading...
HomeMy Public PortalAboutORD03485 21.8 conflict with this Ordinance are hereby repealed. Passedt May 2nd. 1932. Approved: May 3rd. 1932. H. C. Asel. H. Co Asel. President of the douncil. Mayor. N0. 3485. AN ORDINANCE PROVIDING FOR THE HOLDING OF A SPECIAL ELECTION WITHIN AND FOR THE CITY OF JEFFERSON, COLE COUNTY, MISSOURI, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED VOTERS OF SAID CITY A PROPOSITION TO BE VOTED UPON WHETHER THE SUM OF $71,089.72 OF JUDGMENT INDEBTEDIESS, BEING THE ENTIRE JUDGMENT INDEBTEDNESS OF SAID CITY, SHALL BE FUNDED BY THE ISSUANCE AND SAIZ OF BONDS IN THE SUFI[ OF $710089.72. WHEREAS, a certain judgment was rendered in the Circuit Court of ole County, Missouri, on the 16th day of January, 1932, in favor of the Capital City Water Company, a corporation, Exchange National Bank of Jefferson pity, Missouri, a corporation, Central Missouri Trust Company of Jefferson City, Missouri, a corporation, The First National Bank of Jefferson City, Missouri, a corporation and W, A. Dallmeyer, Trustee, and against the City of Jefferson, Cole County, Missouri, in the principal sum of Forty-three Thousand, Seven Hundred and Thirty-one Dollars and Forty Cents ($439731.40), which said Judgment bears interest thereon from and after the date of Its rendition at the rate of six per centum (6%) per annum; and WHEREAS, a certain judgment was rendered. in the Circuit Court of Cole County, Missouri, on the 16th day of January, 1932, in favor of Missouri Power and Light Company of Jefferson City, Missouri, a corporation, and against the City of Jeferson, Cole county, Missouri.; in the principal sum of Twenty-seven Thousand, Three Hundred and Fifty-eight Dollars and Thirty-two Cents ($27,338.32) , which said judgment bears interest thereon from and after the date of its rendition at the rate of six per centum (6%) per annum; and WHEREAS, there is now due and owing on said judgments the sum of Seventy-erne Thousand, Eighty-nine Dollars and Seventy-two Cents ($71,089.72) together with interest thereon at the rate of six per centum (6%J pet annum from and after the 16th day of January 1932; and WHEREAS, both of said judgments are now due and payable and constitute a valid subsisting indebtedness of the City of Jefferson; and WHEREAS, there are no funds belonging to the City of Jefferson available for the payment of said judgments; and • WHEREAS, a necessity exists for refunding said judgment indebtedness and the issuance, of bonds at a- lower rate of interest, in order that said bonds ma.y be sold and the proceeds thereof used for the exclusive purpose of paying off and satisfying said judgments; THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF JEFFERSON CITY, MISSOURI, AS FOLLOWS: SECTION. I. That a Special Election shall be and the same is hereby called and ordered to be held in the City. of Jefferson City Missouri, for the purpose of submitting to the qualified voters of said City a proposition to issue bonds of said City in the amount of Seventy-one Thousand', Eighty-nine Dollars and Seventy-two Cents ($719089.72), for the purpose of funding the following judgment, indebtedness of said Citys DATE OF JUDGMENT IN WHOSE FAVOR RENDERED AMOUNT OF JUDGMENT January 16, 1932. Capital City Water Company, a corporation, Exchange stational Bank of Jefferson City, Missouri, a corporation, Central Missouri Trust Co. , of Jefferson City, Missouri, a corporation, 219 The First National Bank of Jefferson City, Missouri, a $430731.40 corporation, W. A. Dallmeyer, Trustee January 169 1932. Missouri Power and Light Company of Jefferson City, Missouri, a corporation $279358.32 SECTION. 2. That said special election shall be held in the said City of Jefferson on the 31st day of May, 1932, and that the polls shall be kept open from 6 O'clock in the forenoon until 7 0' cloak in the afternoon of said day. SECTION. 3. That for the purposes of said special election the voting in the several wards shall take place in the precincts designated by an order of the County Court of Uole County, Missouri, heretofore made and entered of record in the office of the County Clerk of Cole County, Missouri, that is to say& FIRST WARD. Ist. Precincts Kaye Kafe 620 East High Street 2nd Precinct; Fairview Hotel, Corner Ash and High Streets. 3rd Precinct; H. W. Schaefer, Store - Renn'a Addition. SECOND WARD. lot Precincts Cenral H=oel 2nd Precinct: Court House. 3rd Precinct: Missouri Hotel a Basement. THIRD WARD. Ist Precinct: Dr. Y` ylo Garage, 308 Mulberry Street. 2nd Precinct: C.M.English Motor Co. 9208 Bolivar Street. 3rd Precinct: Mrs. Lena Franke's residence, 1225 W. Main St. FOURTH WARD- let Precinct: Ross Bros. Cleaners, Core Jefferson & Dunklin Stise, 2nd Precincts Paul J. Goller Garage, 818 Jefferson Street. 3rd Precincts Martin Beck's Store, St. Mary's Blvd. FIFTH WARD. Iot Precinct: C:` Trippe s e Carpenter Shop, 603 Madison St. 2nd Precincts John Promme, 529 Clark Avenue. 3rd Precinct: Neutzler's Store, 1217 Monroe Street. 4th Precincts State Park. And that said special, election shall be conducted and the returns made and the results thereof declared in the same manner as an election for City Officers. SECTION. 4. The City Clerk shall give notice of such election by publication in The Daily Capital News, a newspaper published in the City of Jefferson; once a Week for three consecutive weeks by making three insertions of said publication ' in said newspaper, which said notice shall state therein the' time, place and purpose of such election and the amount of- bonds to 'be voted, and which. said notice shall be substantially the following forms NOTICE OF SPECIAL BOND ELECTION CITY OF JEFF-EiRSON CITY,' MISSOURI Pursuant to an Ordinance duly adopted by the City Council of the City of Jefferson City, Missouri, and approved by the Mayor of said City on the 6th day of May, 1932, notice is hereby given that a special election will be held in the said City on Tuesday, the 31st day of May, 19329 for the' purpose of testing the sense of the qualified voters of' said City upon the following proposition: PROPOSITION Shall the City of Jefferson City, Missouri, incur an indebtedness and issue bonds of said City in the amount of Sevent -one Thousand, Eighty-nine Dollars and Seventy-two Cents(�71,089.72), for the purpose of funding the Judgment indebtedness of said City. The Polling places for said election will be as followas FIRST WARD. Ist Precincts Kaye Kafe 6-2-0-last High Street. 2nd Precincts Fairview Hotel, Core Ash and High Streets, 3rd Precinct: Be W. Schaefer, Store- Renn Addition. SECOND WARD. let Precincts Central Hotel* 2nd Precincts Court House. 3rd Precincts Missouri Hotel - Basement. 220 THIRD let Precincts Dr. Tay or Garage, 308 Mulberry Street. 2nd Precincts C. M. English Motor Co. , 208 Bolivar Street. 3rd Precincts Mrs, Lena Franke's residence, 1225 W. Main Street. FOURTH WARD. Ist Precincts Ross Bros.Cleaners, Cor. Jefferson & Dunklin St. 2nd Precincts Paul J. Goller Garage, 818 Jefferson Street. 3rd Precincts Martin Beck's Store, St. Mary's Blvd. FIFTH 'WARD. lot Precincts Co Trippe see Carpenter Shop, 603 Madison Street. 2nd Precincts John Fromme, 529 Clark Avenue. 3rd Precinct: Neutzler's Store, 1217 Monroe Street. 4th Precincts State Park. The polls at said election will be open on the date above mentioned at each of said polling places, from 6 O'clock A,M. until 7 O'olock P. M. on said date. The ballots to be used at said election will be in substantially the follatring forms OFFICIAL BALLOT Special Election CITY OF MFERSON CITY, MISSOURI Tuesday, the 31st day of May, 1932. PROPOSITION Shall the City of Jefferson Ci y, Missouri, incur an indebtedness and issue bonds of said City in the amount of Seventy-one Thousand Eighty-nine Dollars and Seventy-two Cents ($719089.72), for the purpose of. funding the judgment indebtedness of said City* FOR FUNDING JUDGMENT INDEBTEDNESS - - YES FOR FUNDING' JUDGMENT INDEBTEDNESS'- - NO (Voters favoring the proposition will erase the word *N4;% those opposing the proposition will erase the word - i0'MS*) Done by order of the City Council of the City of Jefferson City, Misaouri, this 6th day of May, 1932. My Clerk. SECTION. 5. The form of the ballot to be used at said special election shall be substantially as follows: OFFICIAL BALLOT SPECIAL ELECTION CITY OF JEFFERSON CITY, MISSOURI Tuesday, the 31st day of May, 1932. PROPOSITION Shall the City of Jefferson Cityt Missouri, incur an indebtedness and issue bonds of said City in the amount of Seventy-one Thousand, Righty-nine :Dollars. and Seventy-two Cents (#719089.72)9 for the ' . : purpose of funding the judgment indebtedness of- said City. FOR FUNDING JUDGMENT INDEBTEDNESS - - YES FOR FUNDING JUDGMENT INDEBTEDNESS - - NO '.: (Voters favoring the proposition will erase the word 1°NO;e those apposing the proposition will erase the word - -*YES.") SECTION. 6. If two-thirds or more of the qualified voters of the City of Jefferson City goting on said proposition shall assent thereto, said municipality shall be authorized to borrow upon its :. credit the sum of Seventy-one Thousand, Eighty-nine Dollars and Seventy=two Cents ($71,089.72) and to issue, negotiate and sell the coupon funding bonds of the said municipality therefor, and from the A proceeds of said sale or sales thereof to satisfy and discharge. the sum of Seventy-one Thousand, Eighty-nine Dollars and Seventy-two Cents 071,089.72), 'being the entire judgment indebtedness of said City. SECTION. 7. That the `'ounty Court within and for the County of Cole, State of Missouri, be and the said Court is hereby respect- ; fully requested to provide for the holding of a special registration of voters in the said 04ty of Jefferson City, Missouri, prior to the holding 6f the special election herein called and as required by Section 105469 Revised- Statutes of Missouri, 192.9. Immediately upon the passage and approval of this Ordinance, the City Clerk shall trans- zit a certified copy hereof to the 'said County Court, with a request 's:, thsRt staid special registration of voters be provided for.