The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1878-08-23
ORDINANCES.
ORDINANCE NO. u.

AN ORDINANCE PROVIDING ron THE ISSUING CP s270,.
5000 NEW BONDS To FUND AND RETIRE OuTsrASp
ISG BONDS or THE CITY uF CAtEO ~ PURSUANCE oP
AZ ELECTION HELD on THE 21Tn DAY or JUNE,
4. u. 1873.
Whereas under an act entitled IAN act to amend
an act entitled IAN act relating 10 county and city
debts and 10 provide for the payment thereof by
taxation In such counties and cities approved Feb
ruary IL, 1867, aud 10 amend the title thereof "
approved and in force April z, 1871 aud In pursu'
nnCe Of an ordinance entitled "nn ordinance pro-
yiding for the holding OF special election and sub
mission OF the question Of Issuing bonds under the
act therein named approved June 5th, ls1s, a
special election was held In said city Of Cairo on
the 27th day Of June. A. d 1881 submtting to the
legal voters of said city the question of issuing new
bonds as hercinaitcr provided and whereas NJ such
election majority Of the votes cast were for Issuing
the bonds Ne in said ordinance and hereinafter alsO
specified. Now. Therefore IN pursuance of the said
act aud vote authorizing the Issuing Of said bonds.
BE 1t ordained by the city council Of the city Of
Cairo;
SECTION l. That under and in pursuance Of the
act and vote Aforesaid there shall be Issued by said
city Two Hundred and Seventy Thousand Dollar
OF new bOndH Which new bonds shall consist Of
| $40 bonds, numbered 10 liO Of the denomination
of sl0U each 20 bonds numbered III 10 80 OF the
| denomination Of 800 each 40 bonds numbered 81
| TO $40. Of the denomination Of 800 each: and sO
bonds numbered 81 10 40, Of the denomination of
$50 each, making total Of 40 bonds, of the aggre
| gate amount Of s20,uC, being about ~ per Centum
of the sum total Of all the outstanding bonds pro.
posed to be retired All Of said new bonds 10 bear
| six per ccnum per aDnum from date until paid,
both principal and interest to be payable at the
First National Bank Of New York. In the City and
State OF New York In sesnl-annual inrtamcut-, on
the ls days Of January and July Of each year after
date OF such bonds and running through "A period
Of 1874 years M follows, to wit: Eight equal semi.
annual insamcnts Of per cent Of the face of said
holds for and during the first four years: 80 equal
semi.annua instruments OF per cent Of the nce of
raid bonds for and during the next 5ycars and one
final installmcnt Of the remainder of principal and
interest OF raid bonds ut the end OF said 1914 years
| each and all of said installmenls TO be evidenced
by coupons to be attached to sad bonds, and pay.
| able only upon presentation and surrender oil such
coupons and said bonds to be also surrendered and
discharged upon payment Of said coupons for hnal
| insalments
Size q The said bonds In said first section
authorized shall be prepared by and printed under
the direction of the finance committee OF the CITY OF
Cairo. shall then he signed by the mayor and coun.
tcrsgned by the clerk Of said city. and the seal Of
said city affixed thereto, aud delivered over to said
| finance committee. =,
SEE g. Said finance committee shall receive and
| take charge of said bonds 40 signed executed and
delivered M aforesaid, and place the same for safe
keeping aud for the purposes for which Issued with
some responsible banking house or trust company
within the state Of Illinois, with full power and nu.
thority TO use and deliver said bonds IA shall from
| time TO time be ordered by said finance committee,
| for the purposes specified In said ordinance and
vote aforesaid to wit: the sale thereof TO misc
money to purchase retire amy or all legal 0ustand
| ingbonds Of saidcity or incIlccung exchange or
| finding of such outstanding bonds,
| SEC. 4. Said new bonds. nor any Of them, nor the
proceeds thereof shall not be sold or used for any
purpose whatsoever other than for the purchase or
retiring Of or In exchange for the legal outstanding
bonds Of said city nv aforesaid.
HENRY WINTER, Mayor City of Cairo,
j. b. PILLS, City Clerk