The Owosso times. (Owosso, Mich.) 1897-1926, 1900-12-21
u7,2b3.7l
THOMAS M. WILEY,
CITY Treasurer.

ed to the sewer fund $50 from the fuel funa be
credited to the sewer fund; &ls06 from board OF
from bridge fund be credited to the sewer fund;
s350.31 credit to sewer fund.
AID Curtis, presented the following report
which was upon motion received and ordered
placed on die.
It is necessary to replace 6Is miles OF the pres
emit system with No. 10 copper wire at q cost of
10 7-S cents per pound, 1855 pounds to the mile,
s202 Is, 100 Mcintyre connections %, new
labor $50, total s2sS.lb. Estimated amount OF
Old wire TO be removed from poles 700 pounds,
worth at present IS cents per pound, 891, leav-
ing 2 net cost for complete two circuit system
Aid. Curtis offered following resolution, which
was upon motion laid on the table for further
investigation, which was carried.
Resolved by the Common Council Of the city
of OwOsso; That the committee on fire de
parLment be and are hereby instructed to place
the necessary wire and such other repairs as
are necessary in making o two circuit fire alarm
by chief Of fire department. at an expense not to
exceed $780,.
49, --<-as g. 11SuHSTs,
Committee on claims and accounts reported
favorable on accounts as above presented
unanimous consent being given same was oil
lowed, ayes 10 nays0
Aid. Curry presented following report which
was upon motion adopted, ayes 10 nays 0.
Owosso, Mich, Dec. 18, 1900.
To the Hon. Mayor and Common Council OF the
City of Owes so.
referred the account OF the Estey Manufacturing
90. VS.. the City OF Owosso, would most resp,
fully report favorably on the allowance OF the
bill at two hundred thirty seven dollars ano
ninety seven cents and the city clerk be In
structed to draw an order on the water works
fund for that amount.
WARREN PIERPoNT
b. S STRATToN.
COMMITTEE.
Aid. Washburn presented the sidewalk bond
of Herman Frieseke with j. Frieseke and 1. III.
Keller, as sureities, 1t was moved and sup
ported that the bond be accepted and surities
be az proved, which was carried ayes 10nays0.
Aid. Pierpont presented city assessors Flats
No & which was upon motion referred to the
city attorney with instructions to report al next
meeting, which was carried ayes 10 nays0
Aid. Curry, presented an ordinance granting
to the Owosso a. Corunna Electric Company
permission TO do suburban express business at
all hours of the day or night within the limits of
tue city OF OwoSs0. IL was moved and sup
ported that the same be read the first and
second time by It's title, which was carried.
ayes 10 nays O.
lt was moved and supported that the same be
referred to the city attorney, with instructions
To report at next meeting which was carried,
~ es 10 nays0
Aid. Jordan presented the following ordi.
nance. 1t was moved and supported that the
same be read the first and second time by its
title. which was carried, ayes 10 nays0.
IL was moved and supported that the same
be read the third time in full and placed upon
its passage, (which was carried, ayes 10 nays0.
nance as read do now pass which was carried,
ayes 10 naysc
An Ordinance
To authorize the issue of 100000 of Refunding
Bonds OF the City of OwossO, Michigan.
Whereas, 1t is deemed necessary by the Com
mon Council of Owosso to extend the time OF
payment of ten thousand dollars (8lO 600 OO)
bonds of the City of Owosso falling due January
lstnext, and to issue new bonds In the place of
ssid former bonds falling due, In such manner as
ness Of the City of Owosso. Therefore,
The City of Owosso Ordains:-
sec ]; That the city Of Owosso shall issue its
negotiable coupon bonds In the sum of ten thous
alid dollars 900 0O) for the purpose of extend
ing the time of payment of former bonds falling
due IN suchmanner as to merely change but not
10 increase the Indebtedness of the city. Said
bonds shall be ten In number, numbered from
one 10 ten inclusive, and OF the denomination of
" 900 each, dated January I'd, 1901. shall become
due January I'd. 1921 shall bear interest at the
rate OF four per cent per annum, payable semi
annually on the I'd day OF July and january OF
each year. both principal and interest to be pay
able at the Chase National Bank of New York
City. N. Y. said interest to date of maturity to
be evidenced by detachable coupons forty of
said coupons To be attached TO each bond.
Sec. 2. That the proper officers of the city be
and they are hereby directed to issue. execute.
sign and countersign said bonds la confo nifty
with the above specifications. And that upon
treasurer is hereby authorized and directed to
deliver said bonds to the purchasers of the same
from the city council upon receiving payment
shall be executed so that the Indebtedness of
the city shall netbe at any time increased
Sec: 3: That the bonds herein and hereby auth
priced shall be substantially In the following
form, to-wlt:
United States of America,
State of Michigan, I
Countyof Sh,awassee. Il
BE 1t known that the City OF OwOsso, In the
county OF Shawassee and State of Michigan ac- |
xnowledges Itself to owe, and for value received,
hereby PROMISES 10 pay TO the bearer one thous-
md dollars tslbO0.ctD ON the I'd day of January,
1871 tcIether with the interest on said sum from
late hereof until paid at The rate Of four al per
;enfs!ln per annum. payable semi-annually on !!
he second day of July and January in each year. |
lpon presentation and surrender of the annex |
% interest coupons AS they severally become due
n ney 81 TIE United States of America at the |
y lnasr National Bankin the City of New York, |
And or the prompt payment of his bond both |
principal and interest at maturity. the full faith |
ma credit OF said city are hereby lrrevocably |
T,ns bond Is issued by the civ Of owosso far |
n. purpose OF extending the time II payment of |
IKE amount OF former bonds failing due ty |
'lrtue and IN pursuance of the authority con-
IN act OF the legislature Of the State OF MICHIGAN
'ntitled An act tn provide for the INCORPORATION
y CLUES Vi tie IOuIt Tn class, approved MAY Nth
ssS, ana a. an acts amendatory thereof or supple
Aud It Is hereby certified that every require
n"nt OF law has been duly complied With n, the
ssue hereof, that the former bonds falling dne |
lie time OF payment OF which Is hereby M Tended
Vere valid and binding obligations ~ tie civ |
nd THAT the indebtedness OF the city Was nst
nd Is not Increased by the issue hereoS and
hat this bond and the bonds hereby extended
re within every debt and other limits prcscrib-
This bond and the interest thereon "a ma v.,,s
s,, on me Interest and Sinking Fund Of ths
In Witness whereof. the city Of o~osso has
ansed1ts coporate seal 70 be hereto n ixed aud
nese presents TO be signed by the mav0r and
!untersignod BY the city clerk In Its behalf this
Z day OF January. 1901. IN =
Coubtersigned and registered.
NORRIS ceBURs. Mayor.
FRED EDWARDs. vity Jerk
Form OF Coupon
er@ On the I'd day Of July and Januarv.
70 City Of OwoSso, Shiawesseo County and Sfafe
Michigan. Will pay the bearer twenty On M |
olars ~ the Chaso National Bank IN the CITY III
ew York, New York. being SIX month"; Infer
IS on its reminding bond OF January al iQol =
MoBRIs OsBURN. Mayor.
Sec. 4. That all ordinances or paris u or,itnan.
y in conflict with the provisions OF this ordi-
s'ce be and The sane are hereby repealed,