The Yale expositor. (Yale, St. Clair County, Mich.) 1894-current, 1898-07-01
THOSE
$4,000 BONDS
Occupied the Attention OF the Village
Dads at Their Last Meeting.

Dads at Their Last Meeting.
Council met in special session accord
ingto call of Pres. Andreae to authorize
the issuing of village bonds for electric
lights and waterworks and for the
transaction of such other business as
may come before the council.
President Andreae III the chair
Trustees present-Mann, Wharton,
Currier, Wight, Mcintyre and Holden.
The following resolution was offered
by Trustee Mann.
Whereas, BY a resolution of the
Common Council of the Village of
Yale adopted April 5th, 1898 to pro-
vide for constructing and maintaining
electric light works in the village of
Yale, county of st. Clair and State of
Michigan, and to raise six thousand
dollars therefor by issuing bonds.
The electors of the village of Yale
were authorized to elect at a special
election to be held OH the 18th day of
April, a. ID. 1898, whether the Common
Council of the village of Yale in said,
county, should issue the bonds
of said village for the sum of six thous-
and dollars for the purpose mentioned
in said resolution. Whereas, said cleo
ton was held on said 18th day of
April, n. ID. 1898, and more than two
thirds of the qualified electors voting
voted to authorize the issue of said
| bonds.
Therefore, Resolved, That there be
| issued the bonds of the said village of
Yale to be called Electric Light Bonds
| in the sum of six thousand dollars
| (S6 ,0000 such bonds to be in the sum of
one thousand dollars $1,000 each, to
be dated August lst, 1898, and to bear
| interest at the rate of four and one
half per cent per annum payable semi
annually according to coupons attach
ed and payable, principal and interest,
where purchaser may elect as follows:
One thousand dollars Isl ,000) Aug
ust lst, 1902; one thosand dollars Isl ,0OO)
August 1st, 1903; one thousand dollars
| ($1 ,000) August lst, 1904; one thousand
dollars (S1,000) August 1st, 1905; one
thousand dollars (Sl,000 August lst,
1906; one thousand dollars (Sl ,0O0) Aug
ust lst, 1907.
Said bonds shall be signed on behalf
of the village by the President of the
village of Yale and the clerk of said
village, and when executed shall be de-
posted with the village treasurer until
disposed of: and further resolved that
the proceeds of such bonds when dis
posed of shall be deposited with the
treasurer of said village of Yale to be
kept by him until the same is appro-
priated for the purpose mentioned In
the resolution aforesaid by the Com
mon Council of the Village of Yale,
st. Clair county, Michigan.
Moved by Mann and supported by
Mcintyre that the resolution for issu-
ing village bonds for electric lights be
adopted as read.
Yeas-Holden, Mann, Mcintyre, Cur
rier, Wharton, Wight. Nays-none.
The following resolution was offered
by Trustee Wight
Whereas, BY resolution of the Com.
mon Council of the Village of Yale,
adopted April 5th, 1898, to provide for
constructing and maintaining Water
works in the village of Yale, in the
county of st. Clair, and State of Mich
| igan, and to raise fourteen thousand
dollars (Sl4,000) therefor by issuing
| bonds. The electors of the said village
of Yale were authorized to elect at a
special election to be held on the 18th
day of April, a. ID. 1898, whether the
Common Council of the village of Yale
in said county, should issue the bonds
of said village for the sum of fourteen
thousand dollars ($l4000) for the pur-
pose mentioned in said resolution.
Whereas, said election was held on
said 18th day of April, a. ID. 1898, and
more than two-thirds of the qualified
electors voting voted to authorize the
issue of said bonds.
Therefore, Resolved. That there be
| issued bonds of the said village of \ ale
TO be called Waterworks Bonds, in the
sum of fourteen thousand dollars
| (Sl4, GOO; such bonds to be in the sum
of one thousand dollars ($l 900 each, to
be dated August lst, 1898, and to bear
| interest at the rate of four and one
! half per cent per annum, payable semi
annually, according to coupons attach
ed and payable, principal and interest,
where purchaser may elect, as follows
One thousand dollars Isl ,000) August
/ lst; 1908; one thousand dollars Isl 600
August lst, 1909; one thousand dollars
| $1,000 August lst, 1910; one thousand
dollars $4,000 August lst, 1911; one
thousand dollars ($l l,000 August 1st
1912; one thousand dollars (S1, ,00O) Aug.
ust lst, 1913; one thousand dollars
(Sl ,000) August 1st, 1914; one thousand
dollars $4,000 August 1st. 1915; one
thousand dollars (Sl ,000) August lst
1915; one thousand dollars (S1, ,000) Aug