Belding banner. (Belding, Mich.) 1889-1918, 1904-09-29
COUNCIL PROCEEDINGS.
OFFICIALLY
COUNCIL CHAMBERS,

COUNCIL CHAMBERS,
Friday, Sept. "a. 1904.
Special meeting called to order by
Moyor Wilson.
Roll Call: Present. Mayor Wilson, AID
Clark, Cornell. Demorest. Spencer. Smith
S. Absent Aid Hudson, /.
The object Of the special meeting as
shown by the notice was read.
Alderman Demorest offeredlthe follow
ing resolutions:
BE IL Resolved by the Common Council of
City of Belding, Michigan,
Section /. That each of the Water Works
Bonds of the city OF Belding aggregating
$4,000 in amount. and each of the interets
| coupons thereto attached, authorized 10 be
proved on July l3 1904 shall be in substan-
TALLY the following forms, respectively, TO
wit:
UNITED STATES OF AMERICA,
STATE OF MICHIGAN Cou NTY or IONA,
| CITY OF BELDING.
No Water Works Bond VI 900
| KNOW ALL MEN BY THESE PRESENT: That
| the city OF Belding in the County of lonia
and state of Michigan, acknowledges itself
| Ia owe, and, for value received. hereby
promises To pay to bearer the sum OF one
Thousand Dollars, 81 o00) on September l,
A. D. lold; toesther with interest inter-, on said
| rate of FOUR PER CENTuM q per cent? per
| annum. payable annually on the first day of
September in each year, upon presentation
| and surrender of the annexed interest cou-
pons as they scverally become due; both
principal and interest payable In lawful
money of the United states of America at the
ONCE of the Treasurer of.said city. And tor
| the prompt payment of this bond both prin-
cipal and interest at maturity the full faith
and credit OF said city are hereby lrreVoC-
ably pledged.
This bond is issued by said CITY of Belding
| for the purpose OF providing tundstor the
purchase Of certain real estate therein Tor
use in connect ton with and as part OF It's
system of Water Works, IN accordance with
more than a majority vote OF the electors OF
said city voting at "A special election duly cal
| led and held therein on July IL, 1904, and in
| all respects in full compliance with the pro
visions of the charter Of said city, being Act.
NO 3I3 of the Local Acts OF Michigan for the
year 1898, and all amendments thereto
| And il is hereby certified and recited that
ali acts conditions and things required by
the laws and constitution OF the state OF
Michigan To he done precedent To ana in the
| issue of this bond have been properly done.
happened and been performed in regular
| and due form and time as required by law,
and that the total Indebtedness of said city
including this bond, does not exceed any con
stitutional or statutory limitation.
| In Testimony Whereof the said City of
Bedding. by its common council. has caused
| its corporate seal To he hereto aniNed, and
this bond To be signed 10y its Mayor and coun-
| tersigned and recorded by its City Clerk,
| this firt day OF september, a. ID 1904
r. NJ WILSON,
Mayor.
Countersgned and recorded;
GEO. w MOuLrON.
CITY Clerk.
(Form al Coupon)
On September-l9-
The CITY of BeldinP, IN the County OF lonia
and state OF Michigan, will pay to the bearer
| the sum ot Forty Dollars, lawful money OF
| the United States OF America, al the ONCE OF
| its tity Treasurer for annual interest due
4 A a IN - Wllr Works Bond OF SEPT
'''''' " II NJ. WILSON,
Count rSigned: Mayor.
GEO W. MoULToN,
CITY clerk.
Sec Q That each of said bonds shall be
signed by the Mayor ana COuntrrSlgncd ana
recorded by the city Jerk, with the corpor-
ate seal of the city impressed thereon and
each of the coupons shall be signed by SAID
MayOr aud CounterSigned by said CLERK, and
when executed shall he delivered To the pur-
chasers OF the same from the Common Coun.
ell, and the proceeds derived thereir9m
which said bonds irecite they are being Is
sued
thereof in conflict with the provisions of this
resolution be and the same are hereby re-
pealed
Sec 2 That each of said bonds shall be
signed by the Mayor and countersgned and
recorded 10y the city clerk, with the corpor-
ate seal OF the CITY impressed thereon, and
each OF the coupons shall be signed by said
Mayor and Countersigned by said Clerk, and
when executed shall lie delivered To the pur
chaSers of the same from the Common Coun
Gil and the proceeds deriN ed therefrom shall
be soley for the purpose Tor which sald.oonds
recite they are being issued.
sec. g. That all resolutions, or parts there
OF, in conflict with the provisions OF this
resolution be and the same are hereby re-
pealed
Moved by Alderman DemorcSt seconded by
Alderman Council that the foregoing resolu
ton he and is hereby accepted and adopted
which motion prevailed. Yeas Aid. Clark,
Cornell, Demorest Smith, Spencer, 8. Nays
None
ON motion the Council adjourned.
GEO. w MoULToN,
city Clerk