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upr000285 229

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upr000285-229
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l 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 f * # fh© board sh all here the power to acquire or establish any public u t ilit y only in the maimer herein provided, The board sh all issue a proclamation which sh all set forth b r ie fly the publie u t ilit y pro­posed to be acquired or established, the estimated cost thereof as shown by the report provided by the board and mayor, or an engineer or party theretofore appointed by the board fo r that purpose, the proposed bonded indebted­ness to be incurred therefor, the terms, amount, rate of in terest, and time within which redeemable and on what fund, such proclamation shall be published in f u l l at le a st once a week fo r three successive weeks in some newspaper of general circulation published in the city, and sh ell state the date of the meeting at which said board w ill pass an ordinance providing fo r said bond issue, ht the f i r s t regular meeting of the board, or any recess or adjournment thereof, a fte r the completion o f said publication, the board sh all proceed to enact m ordinance fo r such purposes, which sh all conform la a l l respects to the terms and conditions of the previously published proclamation, and without submitting said question to a vote of the d o c to rs of said c ity ; provi&id, however, that i f a petition sh all b® presented to said board signed by qu alified electors of the said c ity equal in number to at least ten percent of the number of votes cast in said c ity fo r representative in Congress at the la s t preceding general election, as shown by the la s t pre­ceding registration l i s t , and representing not less than fiv e per cent of the taxable property of said city as shown by the la s t preceding tax l i s t or assessment r o l l (and cor­porate signatures by authorised o ffic e rs sh all be accepted in estimating said fiv e per cen t), asking fo r a special election upon the question of whether or not the pro­posed ordinance sh all bo passed, then, and in that event, no such ordinance sh all be enacted except pursuant to a special election called and held fo r such purpose and carried by a majority of the votes cast.. Any ordinance thus passed providing fo r the issuance of bonds sh a ll be valid (1) i f passed by said board in the absence of the f i li n g of a petition and election, or fM i f such petition be file d and election had, then i f passed by said board pursuant to a majority vote in favor of said ordinance# % m petition fo r an election herein referred to say be file d with said board at any time prior to the date of meeting set in said published notice; provided, however, that said board say submit such question to the vote o f ’ the ©lectors at a general city election instead of a special election i f the board, find i t convenient so to do; provided further, however, that even though no such petition b® fi le d , or i f at sack election the question Is carried by such majority vote, the said board may, in it s discretion, abandon and. discontinue a l l such proceed­ings to acquire or establish such public u t ilit y upon adoption o f a resolution to the effect that such board does not at such time deem it to the best interests of said city to acquire or establish such public u tility ."* fhe foregoing contemplates that the public u t ilit y to be acquired w ill be sold by the owners thereof voluntarily end makes no provision fo r condemnation proceedings. ?IS—