The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1905-10-26

Hose co. No. 8 l6 O(
Hose Co No, / g.. s OC
Hook & Ladder Go Ia OC
Thos Kelly blowing fire WHISTLES -. OG
Jacobs McDonold Co. cedar posts for
eemetary... 8. .... so
Geo. Bouchey, assisting dog catcher. i 7s
Wisconsin Telephone Co. tel rent -. s.
Leonard Brinker, poundmaster .. 10 rs
bayfield, County Telephone Co. TOLL. 80
/ Frost & Spies medicine ...... sc
r A Herring, incidentals ......... s sc
MorgaL & Axelberg. insurance tonn h 81 sc
'5has Hawks assisting dog catcher. p
est NJ & 0 Ry co, freight ........ / 81
@ w Frost. incidentas ........., 1 Il
Frost & Spies .......t 80, &C
Hugo Nelson surveying ..............; q sc
i 1t was moved and seconded that
1.-The council adjourn until September
9th, 1905, at 500 o'clock .. IN.
Motion carried. r: A. Herring,
City Clerk.
Pursuant to adjournment the com
mon council of the city of Washburn
met at the office of the city clerk
Oct. 10th. 1905, and vas called TO
order by President NJ. NJ. Sweet at
$50 o'clock P. M.
Present--Goddard Stevens, O'Sul-
Ivan. Unerodt, Dunn, Lamoreaux,
Nelson. Stockstad, Dukelow, Olson.
Calder, Sw et-l3.
acknowledgements.
Minutes OF previous meeting were
read and upon motion duly approved.
Mayor Irish takes the chair
/ The following ordinance Was read:
An Ordinance.
Providing for the funding of the Judgment
Indebtedness of the city of Washburn, into FIVE
per cent. twenty year bonds.
WHEREAS, There are due and unpaid valid
judgments. against the city OF Washburn, in
the county o Bayfield,. and State OF Wisconsin.
aggregating Forty-one Thousand Dollars.
tS4l. 000l. and.
WHEREAS. In the judgment of the comm on
council of said city, such judgments cannot be
paid by current taxation, and
WHEREAS, The city of Wasl burn desires to
fund said judgments into bonds of said CITY.
therefore the common council of said citv of
Washburn do ordain as follows:
] Section i. All the judgments against the
city of Washburn unpaid at the time of the is
suance OF the bonds herein provided for are
hereby ordered to be funded into one series of
bonds, according to the authority conferred
upon cities by chapter 81 of the Laws OF
| Wisconsin, for the year 1905, which said chap
ter is entitled "An Act amending section 925-
1873, of the statutes of 1898, as subsequently,
amended, for the funding and refunding OF
city debts" and which said actwas approved
June Z, 1905, and published June Z, 1905, which
said bonds shall be known and designat ed as
\ Funding bonds of the City Of Washburn
State of Wisconsin," and to accomplish this
object, the mayor and clerk of said city be
and hereby are directed cause to be print
ed, bonds of the said city of Washbu1n in
the form hereinafter set forth.
Section2. The total amount of bonds to
be issued, shall be of the face value of F ort,
Thousand Dollars (S40OO0),
The denomination thereof shall be $1,000 OF
each,
The time when said bonds shall be due and
payable. shall be twenty years from the date
W hich said bonds bear but at the option O.
the city, it may pay two (2) of said bonds a.
the end of each year, beginning with tn,
| bond numbered one, and paying them con
secutively according to their numbers, unit
all said bonds are paid, and the place of pay
ment of the principal and interest shall b,
Illinois Trust and Savings Bank, located al
the city OF chicago. Illinois, and the rate o
interest shall be five per cent per annum
Section 3. Said b ,nds shall bear irteres-
at the rate as aforesaid of five per cent PEI
annum, payable semi annualy on the first
days of May and November in each year.
Section 4. Coupons for such interest ant
for each payment thereof, nnm bered consecu
lively in order of payment tor each bond
shall be attached to said bond in which shall
be stated the date. the same is payable
where payable, and the am cunt thereof, an6
contain such obligation and be in such form
as is usual and necessary. as follows:
FORM OF COUPON
$........ Coupon No. -. ~. S25 o.
The City of Washburn, in the State of Wis
consin, will pay the bearer Twenty-Five dol
lars at Illinois Trust and Savings Bank il
thecity of Chicago. Illinois on the first day o
A. d. 80. being six month
interest on funding bond No.
............>....
City Clerk
section s. Each of said bonds shall b.
mum bered from one to forty inclusive. as the,
are issued, and shall be signed by the mayo