Pool Bond
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“Shall the City of Bayard, Nebraska, borrow money and pledge the property and credit of the City upon its negotiable bonds in the principal amount of not to exceed Four Million Dollars ($4,000,000) for the purpose of costs of constructing, improving, equipping and furnishing property owned by the City for recreational purposes, to include a new swimming pool; with such bonds to be issued in one or more series, at such time or times, to bear interest at such rate or rates, to be sold at such prices and to become due at such time or times as may be fixed by, or determined at the direction of the Mayor and Council of the City of Bayard; and
“Shall the City cause to be levied and collected annually a special levy of taxes on the taxable value of all the taxable property in the City, in addition to all other taxes, if not paid from other revenue sources, in an amount sufficient to pay the principal of and interest on said bonds as such principal and interest become due?”
If a majority of the votes cast upon such question shall be in favor of such bonds and tax, then the Mayor and Council of the City shall be empowered to issue such bonds and to impose a tax upon all of the taxable property in the City, if not paid from other revenue sources, sufficient to pay the interest on and principal of such bonds as the same shall fall due. If a majority of those voting on the question shall be opposed to such bonds and tax, then the Mayor and Council of the City shall not issue such bonds or impose such tax.
Electors voting in favor of said proposition shall blacken completely the oval opposite the words “FOR said bonds and tax” following said proposition, and electors voting against said proposition shall blacken completely the oval opposite the words “AGAINST said bonds and tax” following said proposition.