City of Sidney approves Electric System Revenue Bonds sequence
Bond issue dated November 1 1945 covers bonds 681 to 825 to fund improvements and extensions of the electric light and power plant and transmission lines. Revenues from the system secure all bonds 21 to 825 equally, with ordinances 305 306 and 308 creating the contract. City pledges rates and maintains bond and maintenance reserve accounts. bonds are negotiable and holder friendly. Additional bonds may be issued only with 75 percent consent and conditions based on bond account funds earnings and debt service tests.
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Nebraska
City OF
Sidney
Kirkpatrick-Pettis Company
Omaha
United States OF America
State OF
County
Cheyenne
Cheyenne County
Ray
Sidney Nebraska approves 145000 dollar electric system revenue bonds ordinance
The city council of Sidney Nebraska enacts Ordinance No 310 authorizing issuance and sale of Electric System Revenue Bonds totaling 145000 dollars to fund extensions and improvements to the electric light and power plant and transmission lines. Bonds payable solely from electric system revenues, with 2.5 percent interest, secured by all city electric property and existing bond ordinances, and redeemable on various terms.
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Sidney
Sidneys Ordinance 305 Bond Provisions Expand Rights and Funds
Ordinance Sections 6 7 and 8 reenactment extends bond holder rights equally with prior bonds. Net revenues must flow into Light and Power Plant Fund and Bond Account monthly deposits to cover interest and principal. City must deposit funds ten days before due dates, maintain cumulative payments, and restrict redemptions until sufficient balance. Section 8 permits additional bonds with priority rules tied to earnings tests. Section 9 outlines bond proceeds for electric system extensions. Passed November 28 1945.
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Cheyenne County
New Books At City Library Sidney Public Library Adds Many Titles
City library announces a large list of new acquisitions across Adult Fiction Children and reference sections The volumes cover westerns mysteries classic adventures and non fiction works by authors including Foather Lehman Rinehart Simon Scott and McClintock among others The batch features Bird themed titles and historical primers as well as biographies and travel guides for upcoming reading seasons.
Reenlistment Proposal Promises Flexible Service and Pay
The speaker outlines a three year reenlistment that lets him choose Air, Ground, or Service Forces, with eligibility for overseas theater. He notes retirement pay progression after 20 and 30 years, and that prior active service counts toward retirement time, arguing the plan is sound.
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