The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-04-14
FILE o TUE COMMON COUNCIL 40. /. 1891.
AN ORDIN ANCE

AN ORDlN ANCE
Providing for the sue OF two hundred and
fifty thousand dollars of city ho nds for the
purpose Of erecting bridges and procuring
approaches therefor, and providing for the
redemption thereof.
WHEREAS, bv ordinance, EMIT ed "Rn
ordinance providing for increasing the city
debt for the purpose of building bridges and
submitting the question OF such increase to
the vote of the electors thereof approved
the fourth day OF January; 1874, it is provided
that the city debt shall be mere ,sed by the
issue Of bonds in the sum OF two hundred and
nifty thousand Cs25D, ono U) dollars for the pur-
pose of constructing n bridge over the Lacka-
wanna river Mt Lgnden street and q br'dy
over Roaring brook from Spruce street 70
Front street, together with the purchase of
said right OF way as may be necessary for he
such approaches TO said bridges, subject 10 the
assent of the electors Of the city OF Scrantouto
such increase.
election, held on the twentieth day of Fchru.
AIRY, 1874, q majority Of the elcctu 5 voted in
favor .. said proposed increased.
Sec. ]. BE it ordained by the Select and
Common Councils Of tho city Of Scranton, aud
it IL hereby ordained by the authority of the
same that for the purI csc OF constructing "A
bridge over the LacEawanna river at Linden
street, and n bridge over Roaring brook from
Spruce street to Front street, together with
the purchase Of such right of way as may De
necessary for the best approach $ to said
bridges, the issue OF city coupon bonds TO
the amount OF two hundred a d hftv thou
sand Cs25O, 10000 dollars is hereby authorized
Said bonds shall lie Of the denomination Of one
thousand (Sl ,OJ0.OU dollars, with interest cou.
pons attached; and shall he numbered from
one ID to two hundred and Atty C2j0l inclusive
and shall be signed by the Mayor, and the seal of
the City shall he affixed duly attested by the
City Clerk. The date of the bonds shall be
June lst, 4. D., 1894, and they shall be redeem
able US hereinafter specified, and shall bear
interest ut the rate Of AZ por cent. per annum
free OF all taxes, the city assuming the payment
Of tho same. The interest coupons shall he
executed by the Autographed signature Of the
Mayor, and shall be payable se~lni-anuuallv
on the first d'ys OF December and June st
the. office of the City Treasurer Of the City of
Soc. .. sand bonds shall be redcemable in
the order OF their number as follows, viz:
Nos. l to % inclusive, Dune LIST, 1904.
Nos. 81 to 40 inclusive JUNE lst, 1909.
Nos. al to 100 inclusive, Jnne LIST, l0l4.
Nos. l9l 10 80 inclusive, June lst, 1919.
Sec. O.. Said bonds shall DO issued in accord.
ancc with the provisions Of an Act. entitled.
An Act regulating the manner Of increasing
The Indebtedness OF municipalities, and nro,
viding for the, redemption Of the same, and
imposing penalties Tor the Illegal Increase
thereof approved the 2Oth day OF April, 1874;
and also under the provisions Of an Act EMIT,
led, AN Act providing for the incorporation
and government OF cities OF the third Class. e
| approved May -, A. D., 1889, and tile severn
supplements and amendments OF said act.
sec. 4. said bonds shall be denominafed
'"rhe Bridge Loan" aud shall be prepared FOR
issue by the City Clerk and duly signed AND
sealed as provided In section l If this ordi
nance.
Sec. i. The Mayor and the City Clerk mr.,
hereby authorized 10 sell and dispose OF SAID
bonds; the proceeds Of said sale and disposn
TO be pnid 10 the City trca'urer. as provided
by law. They may dispose Of them in bulk OF
in such quantities as funds may DO requireC
or tho purpose Tor which said bon ds are au.
thori2ed 10 be issued,
Sec. u. The money that may be realize,
from the sale OF said bonds shall DO and /
hereby appropriated for tho constructing of
bridge over the Laokawanna river at Lindo,
street aud a bridge over R0Rring brook from
Spruce street 10 Front street, together witt
the purchase Of sucn right OF way Us NAV h,
Necessary for the best spproa hes to sal,
bridges. The sum Of ono hundred an,
twenty five thousand CSle5,OOl0 0l dollars shRl
bo held for tho hu ldlng Of the Linden stree
bridge and securing the approaches thereto
and the sum OF One hundred and twenty AZ,
thousand tSlsb0t.Vl dollars shall bc held 10
the building OF the bridge over the Roarlni
brook and securing the approaches hereto
provided, that II either or eaid bridges an
It's approaches can be completely paid FOR at
les sum than leeol named, any balance .
the proceeds OF the sale Of said bonds may b
used in the cunstru tion aad securing an
proaches for the 9th er Of said bridges. An,
surplus Of the proceeds of said bolds whicI
NAV remain after tho sail bridges and thei
approaches have been fully paid for shall b
pad into tho sinring fund provided for th
redemption Of said bonds.
See. :, For the purpose OF paying tho prin
cipal and interest o. sai0 honda thoro Il here
by LOWED iUr the year 1891 on MI property taN
able for city purposes q tax Of one and one
teath mills on he dollar Of valuation, an
every year Their 'Gtter there shall he LEVIED 70
Tuch purpole q tx sufficient to equal eirh
a. per cent, Of the sige hereby authorized.
secs. The fun slpalized from the sale oftb
said bonds shall be paid into the city treasury
and the city treasurer, the mayor OF the cit
and the city controller shall cause tho sal
funds to DO immediately placed nj interest 1
three banks Of this city TO be designated b
them, placing and keeping from time 60 tin,
AZ equal amount OF said funds in each oc III
banks SO designated. N, 4. 1AvELLE,
CITY CIcgl
Scranton, Pa, April 10. 1893.