The times. (Owosso, Mich.) 1882-1897, 1888-10-05


pended for such purpose.
On motion The City Attorney was au.
thorized to draw suitable resolution for
the issuing Of bonds to purchase water
works.
Aid Fitzpatrick presented the following
resolution. then moved the supeusion Of
rule 20, which was carried by the follow.
ins vote: Ayes, Aid Frieseke, Holmes,
Krytc. Fitzpatrick. Wells and WOlverton
g. Nays. AID Gould and Robbins-2
Aid. Frieseke moved the adoption of
the resolution. which motion prevailed by
the following vote: Ayes. Aid. Frieseke.
Holmes, Keyte. Fitzpatrick. Wells and
'Wolverton 6. Nays. Aid. Gould and
RObbins-2.
WHEREAS, The following resolutions were on
the 18th day OF October, 1886, duly passed by the
Common Council OF the eli y OF Owosso, viz:
"Rssoisea. by the Common Council Of the city
OF Owosso. that there be borrowed on the faith and
credit Of said city such sum or sums of money rs
may be sufficient and necessary, not exceeding Ia
all the sum of forty thousand dollars to purchase
ana be expend In the purchase oil and payment
for machinery, apparatus and contrivances adapt
cd TO the extingishment of fires ia said city, and
q be expended in the purchase and construction
or and payment for works, engines, machinery
sna S sr spyn ss s o "I
poses and that the bonds of said city be issued Ia
The sum and to the amount OF such loan, made
payable to the person or persons from whom such
money is received oi their order, to become due
and payable In not less than ten or more than
twenty-five years at the option aud call Ut said
Council from and after The date OF the issuing oi
such bonds, with interest thereon at not to exceed
the rate Of five per cent per annuin payable AN
nualy; aud further
'Rfsolsrd, That such bonds be issued only at
such times in sums made payable, Negotiated. ana
the money thereby received disposed 81 and eN-
pended as In the manner to be hereafter directed
aud determined by said COMMON Council in ac-
IN thA AZ
limitations hcreinbeiore expressed; and further
"Resolped That all sums of money, so AS afore-
said loaned and borrowed. also all sums of income
or revenue derived from or received by said city
ON account of the aforesaid public improvements
or any part or portion thereof. when so as aiore-
said purchased, built and constructed. shall be
kept and continued in Fund" separate and dis
tinct from the other funds of said city to be known
and designated as the Water Works Fund" and
such money or any part thereof shall not be used,
applied. laid out or expended for any purpose
other than as hrreinbeiore meni ioncd, and the
continuance and maintenance of the same, aud the
pay ment OF said debt and the ineret thereof when
the same shall become due aud rayabe and fur
Their
''Resoiar6, That the question Of borrowing
money aud the issuing Of bonds therefor as in the
manner aud for ihrpurposts aforesaid, be and the
same l. hereby submitted To the voters OF said
city % be by thm voted upon ut the general eec-
ton To be held upon Tuesday, the second day of
November, a u. 1886, and that he inspectors OF
e. ectios OF the several wards of said city prepare
suitable boxes the reception of ballots cast for
or against said loan" and the narrowing Of
money aud for the purposes aforesaid. ana have
the same present at the respective voting places
In said city on said day. and each person voting
for such loan aud borrowing money as and for the
purposes aforesaid shalt have written or printed |
or partly written printed on his
ballot the words "Loan OF not to exceed
forty thousand dollars for waerwurks," Yes
and each person voting against sad loan and bor-
rowing mcney rs ard for the purposes aforesaid
shall have written or printed or partly written or
printed oil his ballot the words Loan oil not 10
exceed forty thousand dollars for waterworks",
"No." Such ballot shall In all respects De canVasseu
andreturns thereof made at the time and In the man
ner. aud the result thereof determined as OF the
election of city officers of said city, and notice OF
these resolutions and of the submission OF The
questions rs aforesaid to the voters OF said city
shall be given by posting written or printed
copies OF these resolutions in at least three or
the most public places in each ward OF said city
by pub LEGATION OF these resolutions in a weekly
newspaper published in said city at least once
before the day of such election
Aid. Fitzpatrick offered the following
10 resolution adopted June ii.
1888, which, upon motion. vas accepted
and adopted, ayes 6, nays 0.
Resolved BY the Common Council of the city
Of Owosso. That the bonds of the city of Owosso
to the amount OF Forty Thousand Dollars In
OF One Thouand Dollars each
and numbering consecutively from one TO forty
inclusive be issued by the Mayor aud Clerk of
said city to be countersigned by the Auditor
thereof. for the purposes and in accordance
with said resolution above set forth
Res0iacd, Further that said bonds be made
pa yable twenty five years from the date thereof
with interest payable annually. from January
1st 1882 mt the rate of five per cent. per annum.
PyoyiTcd, said bonds shall be due and pay able
fter ten years from the date of the same at the
option of said city, by giving written notice to
the Cashier oil the Bank where said bonds are
made payable designating the number OF the
bond to be paid one year prior to the time of
payment and the deposit OF the amount
Of any such bond with the interest thereon with
the bank where made payable alter one year
from the time OF giving said notice shall be
deemed u legal tender of the payment thereon
and no further interest shall accrue or be pay |
able thereon.
Resolved, Further that the Mayor be and is |
hereby authorized to sell said bonds when so |
ssued and deliver the proceeds thereof into |
the hands OF the city Treasurer and by him |
placed to the credit Of fund to he known as
The Water Works Fund aud the same to be paid |
out only upon the order of the City Clerk thus |
authorized dy this Council and upon the order |
Dr. orders of the water works committee ap- |
pointed by this Council, for the construction Of |
system Of Water works in the city of Owosso |
md for no other purpose or purposes what
ever
Pyoyided Said bonds shall not be sold at less |
han par value thereof.
Aid. Fitzpatrick presented the following |
petition signed by q. A. Baldwin and six
others, which upon motion was referred
o the Committee en Streets and Sidewalks.
TO the Common Council Of the city of
Owosso,
We the undersigned owners of land in
block 0 according to The recorded plat of
he village NOW city, of Owosso respect
ully petition your honorable body to
pen for public use the alley as laid down
md recorded IN the said plat of the village
II Owssso, and running north and south
brough the centre of said block g.
On motion Of Aid. Fitzpatrick the night
watch was instructed to report each week
o the Council. all saloons kept omen after
egal hours, and all places where gamb ling |
8 carried On. Carried.
The Council then ad journed.
IL NIEI L MIrnpuN