The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1898-10-06
A PROPOSED ORDINANCE

to provide for the issue of 81, 900 of Harbor I'm
provement Bonds.
Be it ordained by the Mayor and Board of
Aldermen of the city of MaDitowoc:
SECTION That for the purpose of providing
funds 20 be used in dredging and docking the
hraoor OF N anItow"c within the corporate limits
oil this city, the negotiable coupon bonds of the
city. to the aggregate amount of $1,000. be and
the same are hereby ordered issued.
SECTION ,. That said bonds shall be thirty in
mum Der. numbered from one to thirty inclusive
and IF the denomination of Five Hundred Dol
lars each. They shall bear date of October 10th.
1885. and shall become due and payable On Janu-
airy 2'fh, 1905. without option of prior payment
They shi.ll bear interest at the rate of four and
one-half per cent from and after date. the hrst
lnstallme NJ OF interest being payable on january
18th. 1879, and semi annually thereafter on Js1u-
AIRY tn and July 10th in each year. which interest
payments shall be evidenced by proper coupons
attached to each bond, and both principal and
interest shall be payable at the Office of the City
Treasurer of he City of NanItowoc.
SEcTIos 8. THAI said bonds and the coupons
thereto attached shsli each be in substantially
the following form, to-wit.:
Assessed valuation of the city of
Manitowoc for the year 1894. S2M ,6l0
ASS ssed valuation of the city of
Manitowoc for the year 1895, $l,S73, 800
Assessed valuation of the city of
hanitowoc for the year 1898, $2507 SIS
Assessed valuation of the city of
Manitowoc for the year 1897. S2,73l $40
Assessed valuation of the city of
ManltowOc for the year 1898, 81 G2S $50
Average amount Of assessment for
above five years, $2,54s, sos
Total indebtedness of the city of
Manitowoc including this bond. $50 600
UNITED STATES OF AMERICA.
STATE OF WISCONSIN,
COUNTY OF MANITOwoC, CITY or MANITowoO.
No $4,000
ManitOwo in the county of Manitowoc, state OF
Wisconsin is justly indebted to- and. for value
received hereby promises to pay the bearer
the Goth day of January A. D., 1906 the principal
sum of Five Hundred Dollars in lawful money
of the United States together with interest
thereon from the date hereof at the rate of ~
per cent. per annum, the first interest INSTALL
ment payable on January 10Th. 1899. and semi
annually thereafter January 10Th and July
10Th In each year. as evidenced by, aud on presen-
t8tlon and surrender OF, the annexed interest
coupons they severaly become due. Both
principal and interest hereof are payable at the
office OF the City Treasurer of said city of Man
itowoc.
This bond is issued for the purpose of dredg-
ing and docking Manitowoc Harbor in said city,
and Is issued in pursuance of an ordinance duly
passed by the mayor and board of aldermen of
SAID city. and pursuant to and in full compll-
ance with the provisions of section E2i ii of the
Revised Statutes of Wisconsin for the year 1898
and the charter of said city.
IL Is hereby certified and recited that the state
ments az to the assessed valuation of property in
said city, and of the Indebtedness thereof print
ed on the face of this bond are correct; that the
total Indebtedness of said city including IT, 5
bond, does not exceed any constitutional. statu-
tory or charter limitations; that all acts condi-
tons and things required to be done, precedent
to and ID the Issue of this bond, have been GAL
ly done happened and been performed. and that
provision has been made for the collection of a
direct annual tax upon the taxable property of
said city, sufficient to pay the interest hereof, AS
1t shall become due and the principal hereof at
maturity.
And for the prompt payment hereof, both prr =
cipal and interest, at maturity, the full faith,
credit and resources CT said city of Manitowoc
are hereby irrevocaby pledged.
IN WITNESS w WHEREOF. the city of Mantle
voc has caused this bond and the interest coup
ons hereto attached to be signed by it's Mayor
and City Clerk, and the bond to be sealed with
its corporate seal all as of date of the 10th day
of October. A. ID. 1898.