Ordinance 1911-77 - Laserfiche WebLink

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I ORDINANCE NO. 77 An ordinance creating a fund of certain waiter fees or rents, and sett- ing aside the same for the payment of an indebtedness Incurred by an ordinance duly passed Oct. 4th ,1910. Sec. I. Whereas the Town of Lou- isville has, by virtue of an ordinance duly passed Oat. 4th, 1910 for the • -, purpose of constructing and enlarg- ing its water system, issued its . negotiable coupon bonss in the ag- grigate amount; of ten thousand dollars ($10,900.00) bearing interest at 7 per cent per annum any where- as it is necessary and expedient that proper porvision be made for the payment of said interest and said principle when the same fall due, therefore; Sec. II. Be it ordained by the Mayor and board of trustees of the town of Louisville, that there be set aside as a fund for the pur- pose herein mentioned, a part of the rent or fee charged for the use of water form the town water works for the following purposes; for a residences with 6 rooms or less, occupied by one family, there shall be set aside anually the sum of three dollars ($3.00) for each ad- ditional family occupying said resi- dence, there Shall be set aside annually the sum of three dollars { ($3.00). Whenever the rent period shall cover a term-less than one -year there shall be slat-:aside, the sum of 25c for each and every month thereof, which sum shall be applied ,to said fund. Sec. IIT Be it',further ordained that there 'be,;'set aside'in said fund, all the revenue 'obtained and re- ceived by the Town of Louisville from the railroad for the use of water from the railroad-tank. Sec. IV, This ordinance immed- iately upon its passage, shall be recorded the hook of ordinances of said town, kept for that purpose, authenticated by the signatures of the Mayor and biefrk..and shall be published in the Louisvil'e News, and shall be in full force and effect five days after such .puttlication. Introduced, read and.:ordered pub- lished this 7th day IR March , A. D. 1911. Wm. AUSTIN, • _ Mayor FRANK GU' ELDER, Town Clerk. (Seal)