Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1898-08-18
AN ORDINANCE

To provide for the issueing of bonds
of the city of Rock Island in the sum
| of thirty thousand dollars (S30, 00O.-
| 0O), to be paid from the revenue OF
the waterworks department of the
said city.
Whereas, At a meeting of the City Council
| of said city, duly held on the Fifteenth day OF
August A. D., 1895, the following resolution
was adopted:
Whereas, For the purpose of completing
and paying for the reservoirs and ftering
plant now being constructed by the city of
Rock Island, it is necessary to raise the sum
of thirty thousand dollars $3.50 900. COZ, and
Whereas, the safety and health of the peo-
pie OF this city require the completion of this
work by which supply of pure water may
be served at the earliest practicable date;
Therefore, be ii resolved by the City Council
that the bonds of the city of Rock Island In
the sum of thirty thousand dollars $780,
100000 be ISSUED, payable out of the reve-
nues of the Waterworks department bear
ing interest at the rate of six per cent t6 per
cent? per annum, and all maturing within
period of six 90 years; and that the Mayor
and Waterworks Committee be instructed to
prepare and submit to this Council an ordin-
anee providing for the CARRYING into effect of
this resolution. Now, therefore:
BE it ordained by the City Council of the
city of Rock Island.
Section l. That the city of Rock Island do
issue the sum of thirty thousand dollars
1880, 100000 of its negotiable bonds payable
only from the revenues of the WaterwOrks
department of the said city. The number OF
the bonds TO be issued shall be thrty-six
$3.50: Twenty-four (24 of said bonds shall
be of the principal sum of thousand dol
lars 81 100000 each: Four shall be payable
in year from the first day of December
a. D.. 1898 and four each year thereafter ON
the first day of December until all are paid
and twelve 12) of said bonds shall be of
the principal sum of five hundred dollars
fSjO0.O0) each: Two OF which shall be paya-
BILE in year from the first day Of De-
cember, A. d. 1885, and two each year there
are paid. Said bonds shall draw interest at
the rate OF six per cent % per cent per an
mum, payable annually. Both principal and
interest shall be payable at the office of the
City Clerk of said city. Said bonds shall be
signed by the Mayor and City Clerk and shall
ed thereto: and coupons shall be attached
TO the said bonds representing the interest
to be paid thereon, and said bonds shall be
substantially in the following form, to-wit
Ne s
Unites States of America, State of Illinois.
Rock Island County. Water Works
Bonds of the City of Rock Island
The City of Rock Island in its cornorate
capacity acknowledges itself to owe to the
bearer hereof - dollars payable from
the revenues Of the WA
ter Works department of the said city, at
the Office of the City Clerk in the said city
of Rock Island the first day of December
and also interest thereon at the same place
at the rate of six per cent &c per cent per
annun, payable on the first day of December
\. d. 1899 and annually thereafter until
the principal sum shall be paid, on presanta-
ton and delivery OF the respective interest
coupons hereunto severally attached.
In witness whereof the said City of Rock
Island has caused it's corporate seal to be
affixed to this bond and the same to be sign
ed by its Mayor and Clerk this-day of-Is9s
-, Mayor.