The Owosso times. (Owosso, Mich.) 1897-1926, 1903-02-06
ORpINANcE.


An ordinance TO provide for the issuing Of
! fifteen thousand dollars OF general FUND bonds,
| OF the city OF Owosso. Michigan.
Whereas. the electors OF the city OF Owosse
| on the Goth day OF January, A. ID. 1908 voted 10
| issue fifteen thousand dollars or general fund
bonds of the city of Owoss o, for the purpose OF
| replenishng the different funds OF the city or
| Qwosso, therefore in pursuance OF SAID vote,
| the Cit, Of Owosso ordans,
Sec THAT the city OF Owosso, shall issue
| Its negotiable coupon bonds IN the sum OF
| fifteen thousand dollars, for the purpose OF re-
| plenishing the different funds OF the city or
| Owosso said bonds shall be hlteen In numoer.
| and of denomination of one thousand dollars
| each numbering from one 10 fifteen inclusive,
| shall be dated March I'd, A. ID. l9' 3 shall be-
come due. March I'd A. D. lsls snail pear In
| terest at the rate OF four per cent. per apnum,
| payable semi annually on the second uay OF
March and Septen Der IN each year, Doth
principal and interest TO be payable at the
Chase National bank, In the city OF New York.
and state OF New York, SAID interest 10 Date OF
maturity to be evidenced oy detachaDle
coupons-in number TO be attached TO each
Sec a-That the proper officers of said city.
be and are hereby directed 10 issue, execute,
sign and countersign said bonds In conformity
with the above specifications, that each bond
shall show upon It's face the class or indebted
ness TO which II belongs ana from wna nat. limos
cution OF said bonds, the city treasurer. De ana
is hereby authorized ana directed TO deliver
saia bonds TO the purchaser OF the same from
the city council, upon receiving payment
therefor.
Sec s-The bonds herein and hereby author
lied shall be substantially in the Following form
UNITED STATES OF. AMERICA State Of
Michigan. County OF showcases. Ury OF
Owosso General Fdnd Bond, payable out OF the
Interest and sinking and interest ana Bond
FUND
Know all men by these present, that the CITY OF
Owosso, Shiawassee county, state OF Mlchlgan'
"Reminiscences itself 10 owe for value received
promises TO pay TO bearer. the sum OF one
Thousand Dollars. lawful money OF the united
States of America on the Second oay OF Marcn,
A. D. 1918 with interest thereon at the rate OF
four per cent per annum, payable semian-
nually on the presentation ana SURRENDER 1i me
annexed interest coupons, as they seVerally De
come due. both principal and interest," OF tnls
bond are hereby made payable 8t the Chase
National Bank In the cry OF the new
ment of this bond at maturity, Inc iull iaith
credit and resources OF the Clty OF OWosso are
hereby irrevocsbly pledged. This BOND Is one
of the series OF like tenor issued for the. pur-
pose OF replenishing the general tunds OF the
City of Owosso, under the authority conIerrea
by an Act OF the Legislature OF the state OF
Michigan, entitled IAN Act TO PROVIDE Ior the
incorporation of Cities Of the fourth class
by an election duly called and held In the City
OF Owosso, on the 10Th day OF January, "A. D-
1908
And it is hereby certified, aud rected, that
all acts conditions and things required 10 De
done precedent to and In the issuing OF THIS
bond have been done, happened ana deem per-
formed in regular and due form as requireu py
law and that the total Indebtedness OF the
City OF Owosso. including this bond does not
exceed the statutory or constitutional iimita-
tons. 80
In testimony whereof, this bond has been
signed by the Mayor of said city, countersigned
by the CITY Clers. with the Corporate seal OF
said city, hereto affixed this second day oil
March, A. D., 1908.
Countersigns ID, Mayor.
City Clerk.
Form of Coupon.
$4,000
ON this-day of-the City of Owosso. in
the County Of Shiawassee and State OF Michi-
gan will pay to nearer twenty dollars, at the
Chase National Bank. in New York City. State
of New York. for the semi annual interest due
that day. on its general fund bond-A D.
Couutersigned. mayor.
City Clerk.
Each coupon to bear upon its face In red
figures, the number corresponding with the
number OF bond to which IL is attached and the
coupons TO be numbered consecutvely from one
to thirty 1907 re pectiyely.
February, A. ID. 1908.
FRED EDWARDS. WERNER M. WHITE,
City Clerk. Mayor.
Mayor appointed as a committee to apportion
for paving OF West Main street and South
Washington street, Aid. Washburn, ketcham
and VanSice.
Aid Jordan offered the following resolution
which was upon motion adopted. Ayes .,
nays0.
of Owosso that the committee on ways and
means be and are hereby instructed to receive
bids and sell the fifteen thousand dollar gen.
eral fund bends to the highest bidder.
1t was moved and supported that an order
be drawn In favor of John Brockway, to pay
for his sidewalk, which was carried. Ayes 9,
naysO.
Upon motion council adjourned.
FRED EDWARDS,
City Clerk.