The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1902-09-06
ORDINANCE.


AN ORDINANCE-Provd for the in
rough of Taylor in the sum OF Fourteen
thousand $l4 O0O) dollars.
Be it ordained and enacted by the
Town Council of the Borough OF Taylor.
and it is hereby ordained by the author
ity of the same. as follows:
Section 1.-That the Indebtedness of the
hereby authorized and directed to be in
creased to the sum of fourteen thousand
($1+00O dollars. for the purpose of con-
structing the main and lateral sewers in
the First Sewer District of the Borough
of Taylor.
Sec. THAT coupon bonds shall be is
sued to the The, amount Of Fourteen Thou u
Of the denomination of five hundred
(s5O0.OO dollars each with interest coup
ons attached. and shall be numbered
shall bear interest at the rate of five per
centum per annum. said interest to be
payable at the office of the Borough
-annualIy ON on the o'Ft 9Th days ' Of
March and September of each year. and
shall be signed by the Burgess and the
President of the Town Council and the
seal of the Borough shall be affixed, duly
attested by the Secretary thereof The
date of said bonds shall be the fifth day
of September A. D., 1902, and they shall
matter specified. and shall bear interest
at the rate of five per centum per annum.
These bonds shall be free from all taxes
menr me tot of same. sam " The interest coupons ms shall shall
be executed by the photographic signature
of the Burgess. President of the Town
Council and duly attested by the sigma
ture of the Borough Secretary. and shall
be payable semi-annually on the fifth day
of September and the fifth day Of March
Of each year at the Office of the Borough
Treasurer as aforesaid.
Sec. 3.-That before Issuing any such
obligations or securities it shall be tho
duty of the principal officer or officers
of the said Borough to prepare state
a Showing the actual Indebtedness of
said borough.
(2) The amount Of the last preceding
assessed valuation of the taxable prop
erty therein.
C) The amount of the debt that is to
be incurred.
Ci) The form, number and date of ma
turity of the obligation to be issue there
fore.
ca And the amount of the annual tax
debtedness, the truth of the facts therein
stated shall be sworn or affirmed to by
said officer or officers, and the said state
n,e shall 81 H. be Iea in in the office Of the
of I.ackawanna county, in pursuance of
an Act of the General Assembly of Penn
ssylvana, entitled, AN Act to regulate
ness of the municipalities, to provide for
the redemption of the same. and to i'm.
pose penalties for the illegal increase
Approved Goth day of April, A, d., 1874.
and the supplements thereto.
Sec. 4.-Said bonds shall be redeemable
hep order Of fo the hot z
the fifth day of September A. D., 1905.
Numbers eleven to twenty, both in
elusive, on the fifth day of September
Numbers twenty-one to twenty eight
both inclusive, on the fifth day of Sep
tember, 4, D., 1922
prepare a suitable form for the said
with the Act of Assembly and its sup
same shall be approved by the commit
tee in charge thereof, the Borough Solic-
itor shall have the same printed or en-
graved,
Sec, 6,-said bonds shall lie issued in
titled IAN Act to regulate the manner
tiles, to provide for the redemption Of the
legal increase thereof"
Approved April 10Th, A, D, 1874, and the
thereto.
- Sec. THE President Of the Town
and the Borough Solicitor are hereby |
bonds at the highest and best price that |
can be secured for the same. not less |
than par the proceeds of such sale and |
iiSposai W pc Dflu VI llit lEcdSuItF Ol |
the Borough of Taylor as provided by |
law. They may advertise for proposals |
for all or any portion of said bonds, If /
they see ft TO do so. The Borough Coun- |
cil reserves the right to reject any or all |
Sec, S,-For thu, purpose of paying the |
interest and liduidating the principle on |
said bonds as the same shall become due |
and payable there is hereby levied and !
for the year 1908, and for each |
and every year thereafter on all property |
for Borough purnoses, a tax OF |
one and one-half d1a) mills on the dollar |
Of the valuation on all property taxable |
for borough purposes.
And the monies arising from such tax |
shall he applied at such periods as the |
Borough may stipulate IN such obliga- |
tions according to the terms thereof, and |
therein contained. |
Sec. 9.--All laws and ordinances or |
parts OF laws and ordinances inconsistent |
are hereby repealed. |
Annroyed the End day of September, A. |
d. 1902.
III, L. HARRIS |
President of Cornell.
WM. p GRIFFITHS.
Attest GEO MARSH