The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1898-10-13
A PROPOSED ORDINANCE

to provide for the issue OF Sl5uUU OF HarbOr I'M
prUvcment Boz DIS.
BE it ordained by the Mayor and Board OF
Aldermen of the city of Nanitowoc:
SECTION | That for the purpose of pIovidinl
funds to be used in dredging and docking II
hrabor of Manitowoc, within the corporate limit.
of this city, the negotiable coupon bonds of IT,.
city. to the aggregate amount of $1,000 be anG
the same hereby ordered ISSUED.
SECTION ,. That said bonds shall be thirty in
number numbered from one to thirty inclusive,
and of the denomination of Five Hundred Dol
lars eacn. They shall bear date of October 10Th,
1895 and shall become due and PAYABLE on Janu-
AIRY 20th 1896. without option of prior payment
They shall bear interest at the rate of Tour and
half per cent. from and after date, the first
in-talment Of interest being payable on January
10th, 1899, and semi -annualy thereafter on Janu-
airy 10Th and July 2Oth in each year which interest
payments shall De evidenced by proper coupons
attached to each bond, and both principal and
interest shall be payable at the office of the City
Treasurer of the City of Manltowoc.
SECTION 3. That said bonds and the coupons
thereto attached shall each be in substantially
the following form. to-wit.:
Assessed valuation of the city of
Manitowoc for the year 1871. S2.207 $40
Assessed valuation of the city of
Mapitowoc for the year 1895 1913 300
Assessed valuation of the city of
Manitowoc for the year 1895, g., 501 575
Assessed valuation of the city of
ManltOwoc for the year 1897 81, 731,3l0
Assessed valuation of the city of
ManItowoc for the year 1898, s., $50
Average amount of assessment for
above live years, S2,54s6a5
Total Indebtedness of the city of
Manitowoc. including this bond, $4,000
UNITED STATES OF AMERICA.
STATE OF WISCONSIN,
COUNTY OF VI tSI1OwoC, CITY or MANTTOwOC.
NJ ....... $4,000
KnoUc all Men By these Presents: That the city of
Manitowoc III the county of Manitowoc, state of
Wisconsin is justly indebted to, and. for value
received hereby promises to pay the bearer ON
the .Oth day Of January; 4 D., 1903; 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 AZ
per cent. per annum, the first interest install
ment payable on January 10th. 1899, and semi
annually thereafter January 2Oth and July
10th IN each year, as evidenced by aud on presen-
tatlon and surrender of, the annexed interest
coupons as 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 uy the mayor and board of aldermen of
said city. and pursuant to and IN full compl
ance with the provisions of section 92i-ll of the
Revised Statutes of Wisconsin for the year 1898,
and the charter of said city.
Ii is hereby certified and recited that the state
ments as to the assessed valuation of property in
said city, and of the Indebtedness thereof. print
ed on the face of this bond, correct; that the
total indebtedness of said clty. including this
bond, does not exceed any constitutional, statu-
tory charter limitations; that all acts, condl-
tions and things required to be done: precedent
To- ana ID the Issue OF tnls IOHu, nave u'eh
ly done. happened and been perform, d. 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 prin-
ciIal and interest, at maturity, the full faith,
credit and resources of said city of Manitowoc
are hereby irrevocably pledged.
IN WITNESS WHEREOF, the city of Mantle
voc has caused this bond and the interest coup
ons hereto attached to be signed by its Mayor
and City Clerk and the bond to be sealed with
its corporate seal, all of date of the 10Th day
of October, A. ID. 1898.