Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1847-08-04
ORDINANCE No. 10.

In ordinance rcllJirc he t1p30rcHc 0ffLe SoYH
mouth NJ Pike Crcak tof hGyior purposes
| WHEREAS by vote OF d mal Dnty OF the ireehoI-
| dcrs voting upon the question ol obtaining loan
not exceeding me thousand dollars for tleimpro, -
| nent OF the outh mouth OF Pike creek ON the Srh
LAY OF July SIT pursuant 10 public notice and ac
according to the statute IN such case made and pro
'ldcd, the President and 1rls OF the lagc of
Southport. were authorized to borrow on the cred
it OF the village of Southport the sum OF five thou
sand dolirs-Now the eorc.
lie II Ordained by the President and Trustees of
the Village OF Southport, as follows
81 That the sum oi five thousand dollars be Dor
roWej by The President and Trustees on til credit of
the Village OF Southport of such person or persons
as they may see fit payable as follows The sum of
two thousand five hundred with the interest OH the
"ho'e sum borrowed al the rate OF ten per cent per
annunI, oh the 9TH day of July, 1918 and the sum
OF two thousand i've hundred dollars together with
the interest thereon at the rate of ten per cent cr
annun, on the 9Th day Of July, 1sl9-and that Ger
tlhcaes be issued to the person or persons of whom
sad sum, or any part thereof shall be borrowed
pledg.ns the faith and credit OF the said iage for
the repayment thereof with interest as above men
toned.
s.. That the President and Trustees of the vii
lagc OF Southport shall, and hereby required to
take efficient and legal measures for meeting the in
they may fall due as in section one stated in pur-
suance OF the conditions on which said loan NAV be
obtained, either by levying tax for such purpose,
or otherwise, as to them shall appear legal and pro.
per.
So. That the sum obtained shall be deposited
with the Treasurer Of the Village of Southport on
his giving such security as shall be satisfactory to
the said President and Trustees for the faithful Sc
curing and discussing OF SAID sum agIeeably 10 the
directions OF tho said President and Trustees or such
committee or agent as by them shall be appointed
for such purpose
81. That the said President and Trustees shall be
authorized TO appoint some iudicious person. whose
duty 1t shall be 10 oversee and direct the requisite
improvements agreeaby to the direction OF the
President and Trustees, and 10 such plan if anv as
shall have been approx ed by an officer OF the 1opo
graphical department of the General Government
ds wen as 10 disburse such moneys as may come to
ms hands, under the direction Of the President and
Trustees, their committee, OF their authorized agent
said person giving ample and satisfactory security
Tor such sum or sums Of money as may for such
purpose be deposited in his hands or TO his order
So That the person so appointed as in section /
mentioned, shall have authority to draw orders on
the Treasurer Tor such sums as shall be by him
needed for the Judcious prosecution OF the said i'm
proyements-said orders TO be however. counter
signed by the committee or agent duly appointed BY
Tue FIesiatht ana lrtstees--Whlch orders SO coun-
tsrsghed shall be honored DO the said Treasurer TO
the extent OF the deposit in his hands
So. That the person so appointed as above men
toned, shall, as often as required by the President
and Trustees report 10 them the progress and condi
ton of the work under his direction, the amount of
money by him expended. and such and further as it
may concern the President and Trustees TO know
and require.
[. NEWELL, President
Fl. F. Hall, Recorder
Southport July -. 1917