The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1902-05-02
CITY ORDINANCE.
FILE OF COMMON COUNCIL, No. OF, a
amended in Select Council, March 20, 1902.
AN ORDNANCE

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FILE OF COMMON COUNCIL, No. OF, a
amended in Select Council March 20, 1902.
AN ORDINANCE
Providing for the issue of two hundred an,
eighty.ire thousand (S2S5,O0O) dollars of cit,
bonds for the purpose OF paying Judgment
against the city, the improvement of the publ
and the buying lots and building buildings TO
the fire department; to make certain repairs an,
improvements TO tho city hall; for the purch,s
Of lot and erecting buildings for the department
certain streets and avenues, for the purchase o
lot on Main avenue, and for the building re
tanning walls for the protection of cmbankments
ana :nd providing for the creation of sinking fun,
for the redemption thereof.
section l. BE 1t ordained by the Co,nno,
ana Select Council of the city OF Scranton, ant
1t is hereby ordained by the authority Of til,
same that for the purposes hereinafter set iortl
in this ordinance the city recorder is authorized
TO issue city coupon bonds to the amount of two
hundred and eighy.tiyc thousand ($2s5OO0) dol
lars, ana make provisions to sell the same. Sait
bonds shall be Of the denomination of one thos
and (Sl,000) dollars, with interest coupons at
tached. and shall be numbered from one to two
hundred and cighty-ilvc Il to 2s5) inclusive ant
shall be signed by the city recorder, and tn,
seal of the city shall be affixed and duly attcstet
by the city clerk. The date of the bonds shal
be May l, 1902, and they shall be redecmable a
hereinafter specified, and shall bear interest al
rate VI tnTcc ana 0ne.nalI per cent. per an
num-. The interest coupons shall he executed b,
the lithograph signature of the city recorder
and shall be payable scmi-annualy on the tils
days OF May and November. at the office of thu
city treasurer of the city of Scranton.
Sec. g. Said bonds shall be redecmable anc
paid by the city treasurer in tic order of thci
numbers, as follows:
Bonds Nos to 80 inclusive. May l. 1907.
Bonds Nos 81 to 100 inclusive, May !, 1912.
Bonds Nos. l0l to $50 inclusive, May ], 1917.
Bonds Nos. 15l to 200 inclusive, May l. 1922.
Bonds Nos. POI to 80 inclusive, May !, 1927.
Bonds Nos. 2jl to 2s5 inclusive, May j. 1882.
Sec. 3. Said bonds shall he issued in accord
ance with the provisions of the Act of Genera
Assembly, entitled, ''An Act regulating thu
manner of increasing the indebtedness OF munic
paities and providing for the redemption of the
game, and imposing penalties for the illegal in
crease thereof" Approved twentieth day of April
1874, and also under the provisions of an Act
entitled, "An Act for the government of cities
of the second class" approved the 1th day o
March, 1901
See. 4. Said bonds shall be denominated "Judg
ment Funding and Municipal Permanent I'm
provement Loan" and shall be prepared for issue
he duly signed and sealed as provided in Sec
tion l of this ordinance.
Scc s. Upon the issue and before the delivery
of said bonds the city clerk shall provide
book in which registry of said bonds shall he
kept, and said bonds shall be marked by the city
clerk as registered, showing the book and page
where such registry is kept and the city treas
persons named as the holder of said bonds in the
register kept by the city clerk.
Sec, 8. The city recorder is hereby authorized
to sell and dispose OF said bonds. The said
bonds shall be advertised in one daily newspaper
in the city of New York and one in the city OF
Philadelphia, and the proposals shall be made
returnabe on third Monday of April, 1902 at T.
O'Clock noon. At which time the bids slal
be opened in the presence OF all the bidders OF
their representatives and the bonds shall be
awarded to the highest bidder Each proposal
shall be accompanied by certified check III the
sum Of three thousand dollars to be forfeited to
the bonds, if legal. and awarded the same. The
proceeds of said sale and disposal, together witt,
any premiums that may be received in conncc'
,ion with said SALE shall be paid to the city
treasurer as provided by law, and the city re.
corder is hereby authorized to dispose OF said
bonds in bulk or in such quantities as funds may
be required for the purposes for which said
bonds are authorized TO be issued The money
that may be realized from the sale of said bonds
s!all he used and is hereby appropriated for the
following purposes: For the payment OF judg-
nients against the city of Scranton the sum OF
one hundred thousand ($1CO,OoW dollars.
For the improvement of city parks the sum
Of S25, 600
For the purchase of additional land for Nay
Aug Park the sum OF $G,i00.
For the erection of general fire headquarters,
at the corner of Dix alley and Mulberry street
the sum of $4,000.
For the purchase OF lot and the erection OF
the sum Of 100000.
For the purchase of lot and the erection OF
building for Century Hose company and South
Side station mouse the sum OF $4,000
For the finishing OF the fourth floor Of the
city hall and the installation of an elevator the
sum OF $1,000.
For the purchase of a lot for yard and the
erection of necessary buildings on the same for
S6,OOO
For the opening of irving avenue, Vine street,
and grading the same, SSO,40O.
For the opening of Monsey avenue, $500.
For the opening OF Wayne avenue the sum of
$1,000
For the purchase of lot at the corner of
North Main avenue and Marvin street the sum
of 5000.
For the building of Il retaining wall on Third
avenue the sum Of Sll,00O
For the building of retaining wall on Yard
street the s;:m of 81 200.
For the building OF a retaining wall on Fast
Market street bridge approach the sum OF u 600
For building pipe drain on Ash street the sum
Total two hundred and eighty.five thousand
Provided, however, that II any one Of the
above specified appropriations should exceed the
amount OF money necessary to carry out the
purpose or purposes for which it has been APP
propriated, that any excess OF the proceeds OF
said bonds or the premiums which may he bid
and paid thereon, which shall remain in the
hands of the treasurer for the purpose or pur
been appropriated are fully carried out or COM
plcted, and the expenses of selling said bonds
have been deducted from the said funds, then
such amount or amounts 50 remaining, either
as uneHpended balances or premiums realized
upon the sale Of sand bonds, shall be paid to he
city treasurer, and by him placed into the sink.
ing fund provided for the redemption OF this
issue of bonds
For the purpose of paying the principal and
interest on said bends as the same shall become
due and payable there is hereby levied for the
Lii