The Owosso times. (Owosso, Mich.) 1897-1926, 1900-06-29
Common Council.

Common Council.
Common Council Chamber,
Owosso, Mich. June 22 1900.
Special meeting Common Council Mayor
Morris OSbnrn presiding. Aldermen present at
roll call. Smith, Mclean Stratton, Curry, No
BILE, Jordan, Curtis, Moyses. Mayor read fol
To the aldermen OF the city of Owosso.
Gentlemen:-You are hereby notified that
there will be special meeting of the Common
Council OF the city OF Owosso, at the Council
chamber Saturday evening, June %, 1900 at 1880
p. m.
For the purpose OF paying 100000 of the 1898
paving bond which Is due June 30th 1900 And
interest on s2s, 10000 paving bond. Also for the
purpose OF paying interest on the 81, 10000 sewer
bond. and interest on the Sl5,b0000 general i'm.
provement bonds. Interest on SIS 900 90 Ann Ar.
Dor railroad bonds, interest on 100000 water
works bonds, due June 3Oth 1900. Also for the
purpose OF borrowing SO, 200.00 towards paying
above interest and interest on $40 10000 water
works bonds due July 8th 1900.
aSd 81 ae an ord
issue OF forty thousand dollars Gao OOOO0) OF re-
funding bonds OF the city OF Owosso Michigan"
Of city Of Sch June Sth 800 BY
inserting the word Forty" instead of the
word Twenty" as the same appears in said
ordinance.
BY order Of,
MORRIS OsBuRN,
Countersigued,
FRED EDWARDS,
City Clerk.
Aid. Jordan offered following resolution
which was upon motion adopted, ayes nays O.
Resolved by the Common Council of the city
of Owosso, that the city clerk be and is hereby
instructed, to draw the following order, for the
purpose OF paying bonds and interest on bonds
due June 30th 1900; an order in favor of the
American Exchange National bank Of New
York, against the 1898 paving fund for the sum
IA American
Exchange National bank of New York, against
the interest and bond fund for 50 09257. The
5000, 1895 paving bond. due june soth, 1900 a
and the interest on the s2s, OO0 1898 paving bond
outstanding. The interest on the 81 900 sewer
bond outstanding, and the interest on SIS, 500 90
general Improvement bond outstanding, and
the interest on the $4,000 bridge bond outstand-
Ing Also an order In favor Of the National
Bank OF the Republic Of New York, for the
sum Of S375.00, against the interest and bond
| fund; for the purpose of paying the interest on
the SIS, O0o 90 Ann Arbor railroad bond also an
order in favor of the National Park bank of
New York for the sum Of S50l.25; for the pur-
pose OF paying the interest on the $4,000 LOO
water bond.
And be it further resolved that the committee
| on ways and means be and are hereby instruct.
ed TO borrow the sum OF $4,000 until October
| put the same in the interest and bond fund,
| for the purpose Of paying part of the above
bond, and interest on the above bonds which Is
the on the
bonds which interest is due July sth., 1900.
Upon motion council adjourned.
FRED EDWARDS,
City Clerk.
Common Council Chamber,
Owosso Mich, June 25 1900
| Morris Osburn. presiding. Aldermen present
at roll call: Smith, Mclean, StrattOn, Curry
Noble. Jordan, Curtis, washburn, Moyses.
Mayor read following call:
| OWOSSO. Mich. June 23d 1900
| To the Aldermen of the City Of Owosso:
Gentlemen-Youa are hereby notified that there
will be special meeting of the common council
| of the city of Owosso at the council chamber OF
| said city on Monday evening" June 25th, 1900, al
| 7o'cock and thirty minutes p. m, and you are
hereby directed to be present at said meeting
The purpose of said special meeting of said cOun
Gil is for the purpose of repealiag an ordinance
entitled IAN ordnance to authorize the issue OF
of the City of Owosso, Michigan" passed and ap
proved by the common council of the city OF
Owosso, Michigan, June 10th, 1900.
And for the purpose of enacting new Ordi
nance for the purpose of authorizing the issue Of
! $4,000 90 refunding bonds of said City OF Owos
| so. Michigan.
| FRED EDWARDS, City Clerk.
Aid. Jordan presented following ordinance: II
( was moved and supported that 1t be read frs
| and second time by It's title, which was carried
\ ayes 8, nays0.
| 1t was moved and supported that the ordi
nance be read third time In full, placed upon 1t!
passage and passed, which was carried; ayes 9
| naysO.
AN ORDINANCE
To authorize the issue of $4,000 of Refundinl
| Bonds of the city of Owosso, Michigan.
| WHEREAS: 1t is deemed necessary by thu
| council of 0wosso to extend the time OF paymen
| of forty thousand dollars ($4O00O) OF Wate
| Works Bonds falling due July Sth, A. ID; 100
next and to issue new bonds In the place OF sale
! former bonds falling due, in such manner a!
| merely to change but not to Increase the indebt
| edness of the CITY of Owosso, Therefore,
THE CITY OF OWOSSO ORDAINS:
Section /. That the City of Owosso shall issue
\ its negotiable coupon bonds In the sum OF forty
| thousand dollars (S400 for the purpose of ex
| tending the time of payment OF former Wate
| Works Bonds falling due, In such manner a.
| merely to change but not to Increase the indebt
| edness of the city. Said bonds shall be forty IL
number, numbered from 10 40 inclusive. and o
the denomination of 81 900 each, shall be dated
| July 7th, A. d., 1900; shall become due July
| It'll, 1920; shall bear interest at the rate o
| four per cent. per annum, payable semi-annuall!
| on the seventh day of January and July In eacl
| year, both principal and interest to be payable
| az the banking house of the First National Bank
In the City of Chicago, Illinois SAID interest !,
| date of maturity, to be evidenced by detachable
coupons, forty of said coupons to be attached
| to each bond.
Sec2. That the proper officers of the city be ant
| they are hereby directed to issue, execute, sigI
| and countersign saldbonds In conformity VIII
| the above specifications. That each bond shal
| show upon Its face the class of indebtedness tt
| which II belongs and from what fund IL Is pay
| able, and that upon due and legal execution OF
| said bonds, the city treasurer be and he Is here
| by authorized and directed to deliver said bonds
to the purchasers OF the same from the city
| council upon receiving payment therefor.
Provided, however, that such bonds shall bt
| delivered only as the Water Works Bonds, the
time of payment of which Is hereby extended
| are paid and cancelled. 20 that the indebtedness
of the city shall not, at any time, be Increased.
| Section 3. That the bonds herein and hereb,
authorized shall be substantially In the following
! form, to-wt:
| UNITED STATES OF AMERICA,
| STATE OF MICHIGAN,
| COUNTY OF SHIAWASSEE.
| Owosso Refunding Bond.
No.-- $1,000
| Be It known that the city of OwosSO, in the