The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1878-08-25
ORDINANCES.
ORDINANCE NO. ~

AN ORDINANCE PROVIDING ron THE ISSUING CT SEQ
OO,U NEW GoNDs To YCND ASD RETIRE OuTsrAND.
lNG Hoods az TllE CITY az CAIRO ~ PURSUANCE oF
AZ ELECTION HELD on THE .,Tn DAY OF JUNE,
4. d, 1873
Whereas under m act entitled IAN act to amend
an act entitled IAN nct relating 10 county and city
debts ana 10 provide for the payment thereof by
taxation IN such counties Aud cities approved Feb.
ruary Is, 1875, and 10 amend the title thereof"
approved and in force April y, 1871 and In pur,u.
allcc Of an ordinance entitled IAN ordinance pro.
Niding for the holding OF Il special election aud sub.
mission of the question oli.suing bonds under the
act therein named, approved june 9TH ISIS, n
special election was held IN said city OF Cairo on
the eth day rJunc, \ ID, discriminating 10 the
legal voters Of said ciy the question of Issuing new
bonds H. hereinafter provided: aud whereas ~ .uch
election a majority of the votes cast were for issuing
the bonds ~ Ia said ordinance and hereinafter %! 80
specified. Now. therefore IN pursuance Of the laid
act and vote authorizing the Issuing of suid bo.d.
lie II ordained by the city coRnri of the city Of
I Cairo:
SECTION /. That under and Ia pursuance Of The
act ANA vote Aforesaid, there shall he issue b. said
city Two Hundred and seventy Thousand Do.iar.
Ofnrw bonds, Which new bonds shall consist Of
lin hoHd- numbered TO no OF the denomination
Oi Sluhl each IN bonds numbered III to 30 of tn
denomination of so each - bonds numbered 3li
10 80 of the denomination of nlDj each: and ~
bonds numbered 81 20 40. of the denomination of
so each, making total OF 40 bonds. Of the aggrr-
gate amount of $4,000, being about ~ per CeniUm
OF the sum total of all the outstanding bond. pro.
posed to be retired All of -aid new bonds to bear
date of july lsS aud draw interest nj the rate of
six per ccutnm per anngm from date until paid.
both principal and interest 10 be PAYABLE nj the
First National Bank OF New York, IN the City and
state of New York. In -cmtannual iu-iuilmrris on
the 1T day OF January and July of each year after
date Of such bonds, ana running through period
OF 49, wears, a, follows, to wit: Eight equal semi
annual iu-talmcnts Of per cent OF the incc of said
boids for and during the iirst four years. ~ equal
,ciniannual iusiamcnis OF per cent Of the face of
aid hUnd for and dUrng the next IL wears aud one
final inslallmcnt of the remainder Of principal and
Interest Of said bond, ~ the end OF said 49,. years
each and all Of said mstallmeLt. 10 bee evidenced
By coupons 10 be attached to laid bond. aud pay.
able only upon pr"-cntatiug and surrender of such
coupons and said bonds to be also surrendered and
Discharged upon pay mcnt of ,aid coupons fox final
Instruments.
SIC The said bond. In said nl-t section
authorized shall be- prepared by and printed under
the direction of the finance committee OF the CITY OF
Cairo, shall then be signed ny the mayor ana couu.
t'r-gncd Dy the clerk of said city aud the sea- ot
,aid city affixed thereto and delivered over 10 said
finance committee
SEC ), Said finance committee shall receive and
take charge al said bonds, 80 signed, executed aud
delivered aforesaid, and place The same for >at
keeping aud Tor the purposes for which Issued with
some responsible hunkin. hoB-c or trust company
within the state Of Illinois with full power aud au.
hority tou and deliver aid bonds ~ shall from
time to time be ordered by said finance committee.
for the purpose. specified In -4id ordinance aud
vote aforesaid, To Wit. the sale thereof 10 raise
money to purchase retire any all legal Out-tAud
ingbond- Of -aidciy or ncfircung exchange or
funding of such outstanding bonds,
SEC. said new bDad- nor any of them. nor the
proceeds thereof -ha not be- sold or used for any
purpose whatsoever otncr than for the purchase or
retiring Of or IN exchange for the legal outstanding
bonds Of said city a. aforesaid
Approved August a)ih. 1873.
HENRY WINTER. Mayor City Of Cairo.
a. ,,r,rY I -, ,rt,.. .,,..t.