The Providence news. (Providence [R.I.]) 1891-1906, 1893-02-21

THE CITY OF PROVIDENCE.

CHAPTER CDXLIv.
An ordI nance for Issuing Water Loan for the
city or Providence.
lApproved Feb. 4. 1898
IL Is Ordained by the City Council OF the city of
Provid nee as follows
Section L. The city OF Providence will issue the
Of hundred ID and am amount @9t do
cSane nhdsg les a, ana by virtue Of the provisions OF
Rhode Island and Providence Plantations, passed
Aprl is lSId and chapter 577 OF said Pub ic i ms
Laws passed April 80, 1901 ali Of said acts being
Ia amendment t ol aud In addition TO chapter go of
An Act FOR supplying the City OF Providence with
direction, Of, the joint standlig < G ,mmittee on
hnanee sha s"li and disI OF such bonds. when
said committee shI detcrmIne; a I'd said treas
sale bonds ana saa oceeds ss be ap
p psu Se Pnhn r ine pSr'ose FAMED n saIl chapters
Sec. 9, Upon the sale Of said bonds, or any part
thereof said city treasurer shall, upon payment
porate name AMI seal OF the city OF Providence TO
eo,iei dhe person or persons purchasing the sam an
accordance with such purchase or purchases,
IN u, equal amount Of one thousand dollars each
est at the rate OF four per centum per annum, pay
oeoseT in On a t S day. p, AP and
Interest int res warrants annexed 70 each bond for the
ay as azores I'D, or In registered bonds as herein
s,tNs OF Salu DOnds snail De pay
aolo on tht hst day OF April IA the year nineteen
hundred ana twenty-three and 10 h principal and
interest shall be paid In gold coin Of the United
states OF America equal TO the present standard OF
nneness ana we ght, at the National CITY Bank of
above the par value OF said bonds. which may be
received from the sale thereon shall rreyo ably
pledged ana appropriated 10 "A sinking fund for the
redemption OF said bonds
Sec. D. said bonds shall be signed by the mayor
and counter Igned by the city treasurer; aud reg
istered by the city clerk, who shall certify the
registry OF each bond and the certificate OF the
city clerk that said bo DIS have been duly regis
tered by him shall be conclusive evidence that said
ton OF the committee. on finance. The interest
warrants or coupons shall be signed by the city
treasurer only.
Sec, g. The holders of said cou on bonds may at
any time exchange the same for registered bonds
payable at n office Of the city treasurer.
Sec. z; Toe said committee on finance shall on
the nrst days OF April and October In ear de-
tach from all bonds not at said dates issued the
cause tee same 10 be destroyed andsshal report in
writing TO the city council at It's ne 81 meeting after
said dates respectively, all their proceedings
under this section, until all said bonds are
issued. and whenever any Of said coupon bonds are
surrendered for exchange, said treasurer shall can
eel said bonds so surrendered, by writing stamp.
inc upon the same the word "cancelled,h together
with oicial signature and the tate OF such sur
render ana he coupons Oh all said bonds sur
rendered, upon said surrender. shalt be deli vered
said coupons 10 be burned
SEC. 4. The CITY Council shall annually appro-
pirate "A sum suffcient 10 pay the semi-annual In
terest on said bonds a. sucn interest becomes due
Sec. o. All ordinances and parts OF ordinances
Inconsistent herewith are hereby repealed,
True copy.
Witness WILLIAM T. CLARKE
IEo-3t City Clerk.