Marietta daily leader. (Marietta, Ohio) 1895-1906, 1899-12-05
AN Ordinance,


For the Issue and Sale Of Negotiable
Coupon Bonds of the City OF Mari
eta, Ohio, to Provide for the Re
demption of the Outstanding Bonds
of Said City, Bearing Date October
1st, 1899, and Payable in the City OF
New York on or After the First
Day of October, A. d. 1899
Whereas, the City Of Marietta, Ohio,
did on the first day of October, 1889,
under an Act of the General Assembly
of the State of Ohio, duly passed on
the tenth day of April, A. D. 1889, and
in pursuance of an ordinance passed
by its City Council on the tenth day Of
September, A. d. 1889, issue its certain
negotiable coupon bonds for the sum
of Ninety Thousand ($90,000) Dollars
in the aggregate, bearing date on said
first day of October, A. d. 1889, and
payable in the City of New York, in
not less than ten years, or more than
thirty years from the date thereof at
the option of the City Council of the
City of Marietta, Ohio, and bearing in
terest at four and one-half per cent
per annum: said bends being in the
denominations of Five Hundred Dol
lars and One Thousand Dollars, to-
wit; eighty (S0) bonds of the denomin-
alton Of Five Hundred Dollars each,
and (50) bonds of the denomination of
One Thousand Dollars each, and hav-
ing interest coupons thereto attached
for the payment of intere.t semi-an-
nually on the first days of April and
October; and
Whereas, All of said bonds are now
outstanding and are subject to the call
of the City Council of the City of Ma
rietta, Chic, on and after the first day
Of October, A. d. $780, and
Whereas, Said City Council deems
it to be for the best interests of said
City to refund said bonds and thereby
reduce the rate of interest thereon;
and
Whereas, The City of Marietta, Ohio,
desires to avail itself of its privilege of
refundlng said bonds at any time after
said first day of October, A. D. 1899.
Now therefore, for the purpose of
providing means for the redemption
of such outstanding bonds
Section l. Be it ordained by the
City Council Of the City Of Marietta,
Ohio, That there be issued and sold
the negotiable coupon bonds of the
City Ito be known as "Waterworke
Refunding Bonds'D for the sum of
Ninety Thousand $4,000 Dollars in
the aggregate, bearing date the first
day of January, A. d. 1900, and pay
able to bearer at the agency of said
City, to-wit: THE NATIONAL PARK
BANK, in the City of New York on the
first day of January, A. D. 1920, in
good and lawful money of the United
States of America, and bearing interest
tthe rate of three and one-half per
centum per annum payable at said
agency in like money semi-annually,
on the first days of July and January.
Section 2. Said bonds Shall be for
the denomination of Five Hundred
Dollars $50O00), shall be signed by
the Mayor and City Clerk of said City
and sealed with the seal of the corpor-
alton; and shall have interest coupons
attached thereto upon which shall be
| Autographed or engraved the sigma
ture of said City Clerk, which shall
be equivalent to the manual signing
thereof.
gal Section 8. Said bonds shall be
sold as provided by law and the pro.
ceeds thereof applied in payment ant
redemption Of the bonds referred tC
in the preamble of this ordinance ant
to no other purpose.
Section A. Said bonds Shall be a le
gal and binding obligation ON the Cit!
of Marietta, Ohio, and the full faitf
and credit and all the real and per
sonal property of the City are hereby
pledged for the redemption of the
same.
Section 5. This ordinance shall takt
effect and be in force from and afteI
the earliest period allowed by law.
Passed November 29th, 1899.
B. f. WOOD,
President of the City Council.
Carl Becker, City Clerk.
December 5, 1899.