Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1903-02-05
Ordinance Number Sc.

An OIulnance III RELATION t. the issue of Bridge
Bonds "t the city of Grand Rapids Wisconsin
10 the amount Of sixteen thousand dollars and.
providing for the payment thereof.
Inc Common Council of the City of Grand
Rapids, Wisconsin, do OrdHin as fOllOWS.-
SECTION That the Bridge Bonds of the CITY
OF Grand Rapids to the amount of sixteen
thousand dollars heretofore duly authorized by
the electors of the Saiu CITY at an election
legally called and held therein on April . 1902
shall be issued in denominations of one thou
sand dollars each under date of January l. 1908
| ana the interest shall be evidenced by semi
| annual interest coupons of Sl7 80 each payable
on the 1rst day of July and of January, except
me last coupon due January 81 at the maturity
OF each bond shall be for 50 90, Both princiD,I
anC interest of the said bonds shall be made
payab e at the Office Oflhe Royal Trust Company
Chicago, Ill.
SECTION .. The said bonds and interest
coupons shall be substantially of the following
FORM subject to the necessary variations AS TO
numbers, maturities, etc.
NO. Bond No. II $1,000 90
United states of America
State of Wisconsin, County OF Wood
City OF Grand Rapids Bridge Bond
hLoN an men by these presents, that the city
OF Grand Rapids, Wisconsin, is justly indebted,
and for value received hereby promises to nav
TO the bearer Oh the hirty-frst day of january
1918 the principal sum of one thousand dollars
WIN interest thereon at the rate of three and
annually on the first day of July and of
January, as evidenced by and on the presenta-
ton and surrender OF the annexed interest
coupons as they severaly become due
Both principal and interest hereof are PAYABLE
at the o1ncet of the Royal Trust Company
Chicago, Ill. -
This bond is one Of series of sixteen bonds
OF the same Gate and amount. aggregating
$4,000, issued for he purpose of building a new
steel bridge across the Wisconsin river in said
city. 1t is hereby rected and certified that the
issue hereof has been authorized by the electors
Oh Sald city voting at an election legally called
ana held therein, that legal provision has been
MADE Tor the levy and collection Of an annual
tax sufficient TO meet the payment of the interest
and principal hereof us the same becomes due
that all acts, conditions and things reouired or
proper to be- done precedent TO or in the
issuance Of this bond have been legally had
done, and peri formed, and that that amount of
inns bond, together with all the other indebted
ness OF the said city does not exceed any
statutory, constitutional or other legal limi,a-
ton thereon For the payment of the principal
and Interest here of the full faith creIit and
resources of the said city are irrevocably
pledged.
In witness whereof of the said city of Grand
haplds' has caused this bond to be signed by it's
mayor and clerk under its corporate seal, and
the interest coupons hereto attached to be
signed with the Autographed signature of the
sand clerk, as of the date of the first day Of
(SeaD ..... .. Mavor
:..............."...C Clerk
NO; Coupon No. y ST. 80
On July /. 1909 the city of Grand Rapids,
wisconsin, Will pay to the bearer ut the office of
the Royal Trust Company, Chicago, III. seven
teen dollars and fifty cents for the interest on its
bcred- Clerk
All other of said bonds are payable on January
81 as follows: No i'll 1914 No. 3 in 1915, No. 4
IL 1916. No. 3 i'll 1917 No. in 1918. No. in 1919
No. s IN 1920, No in 1921 and numbers 10 to 16
Inclusive in 1922
SECTION 3. There is hereby authorized and
directed to be levied on all of the taxable
property OF the said city for the year 1908 and
each and every year thereafter while the said
bonds or amy portion thereof are out standing
and unpaid. a sufficient annual tax TO provide
Tor and meet the payment of the interest and
principal of the said bonds and when the
same becomes due and payable, and it is hereby
made the duty of the proper officers each year
TO see o tle levy and collection of the said
taxes sufficient in amount for such purpose and
to the application of the said taxes to the pay
ment OF the interest and principal of the said
bonds
SECTION t. This ordinance shall be considered
as supplemental to Ordinance No. 81 heretofore
passed by the common council, and shall take
effect and be in tull force from and after its
passage and publication.
Approved February 3, 1908.
Attest; N. Il. GORDON, W. L. WHEELAN,
CleIk. MayOr,