The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-13
THE CITY OF PROVIDENCE.
CHAPTER sSs.
An Ordinance Providing for the Issuing OF Sewer

CHAPTER 636.
An Ordinance Providing for the Issuing of Sewer
(Approved April s, 1880
IL is ordained by the City Council Of the City OF
sEcTIoS The City OF Providence will issue
the bonds OF said city 10 an amount not exceeding
the sum OF eight hundred thousand dollars, under
and by virtue OF the provisions OF chapter
ass OF the public laws passed by the general
Assembly at the January session, A. ID. 1879, and
General Assembly at It's May session. A. ID. 1883 and
Chapter si2 Of the Public Laws passed by the Gen.
eTai Assembly at its January session, AID 1881, en-
titled 'An act in ame ndment OF an act entitled
act in amendment Of chapter 45S OF the public
laws entitled 'An act in amendment OF an AN
act authorizing the city OF Providence TO issue
sewer bonds and 90 establish sinking fund for
the redemption thereof. passed atthe January ses-
Sac 2. The city treasurer, acting under the di.
reetion OF the committee on hnance, shall sell ana
dispose of such bonds whenever and at such prices
and In such amounts as said committee
shall determines; and said treasurer shall receive
the proceeds arising from the sale Of said bonds,
and said proceeds shall be applied for the purpose
med in said chapters i33, Ssi and si2 OF the
SIC s. Upon the sale Of said bonds or any part
thereof said city treasurer shall, upon the payment
therefor. issue or cause TO be issued under thS
corporate name and seal OF the City of Providence
TO the person or persons purchasing the same, an
amount Of said bonds Of the city Of Providence In
accordance with such purchase or purchases IN
equal amounts Of one thousand dollars each, paya-
be at the time hereinafter named with interest az
the rate Of four per centum per annum, payable
seml-annuany on the hrSt days OF Nav and NO
Nomber IN each year, after the date thereof, with
interest warrants annexed TO each bond for the
several sums of interest, To become due semi
annually as aforesaid or in registered bonds as
hereinafter provided,
able on the first day Of May in The year nineteen
hundred and twenty-five and both principal and
interest shall be paid in gold coin OF the United
States OF America, equal TO the present standard Of
Bank Of New York, aud al. premiums or surplus
over and above the par value OF said bonds which
may be received from the sale thereof, shah be II
n n pl "A
fund for the redemption ot sad bords.
SEC 8 Said bonds shall be signed by the mayor
and eoun,ersigued by the city treasurer and regis
tered by the citv clerk who shall certify the regis
try OF each bond; and the certificate Of the city
clerk that Eaid bonds have been duly registered by
bonds have been 4 sued and sold under the d3Tec-
tlon OF the committee on finance. The intere st
warrants OF coupons shall be signed by the city
SIC 6 The holder. OF said coupon bonds may
bonds.
the frst days OF May and November In each year.
dctach from all bonds not at said date issued. the
coupons on said bonds then matured, and shall
the same TO be destroyed and shall report In
writing TO the City Council, at lts next meeting,
after said dates respectively al their proceedings
under this section, until all said bonds are issued,
and whenever any OF said coupon bonds are sor-
rendered for exchange said treasurer shall cancel
said bonds so surreuderet by writing or stamping
upon the same the word Cancelled" together with
his official signature and the date OF such surren-
der, and the p0ns on all said bonds sur
rendered upon said surrender. shall be delivered
t. said committee on finance, who shall cause the
SEC. s. The Clty Council shall annually appro-
pirate the sum uf fifteen thousand dol ars for the
redemption OF said bonds al maturity, together
est thereon as such interest becomes due.
SIC. 9 All ordinances and parts OF ordinances
inconsistent herewith are hereby repealed.