River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1906-05-10
City Ordinances.
ORDINANCE No. 50.

ORDINANCE No. SO.
AN ORDINANCE PROVIDING FOR THE ISSUE
OF BONDS FOR THE PURPOSE OF RAISING
MONEY TO PURCHASE THE JUNCTION
FALLS WATER POWER AND THE PowELLs'
FALLS WATER POWER.
Whereas the Common Council of the City of
River Falls did on the 18th day of February, A.
D. 1905, by resolution lawfully passed and APP
proved by the Mayor and duly published
provide that the City purchase the water
powers respectively known as the Junction
Falls Water Power and the Powens' Falls
Water Power for the purpose of maintaining
and operating for public use the Lighting
Plants and Water Works of said City and by
such resolution did determine to submit the
question of such purchase to the electors of
said City at special election duly called for
such purpose, to-wit. On the third day of
April, A D. 1906, and whereas the electors of
said City by vote of more than two-thirds OF
all the voters voting upon such proposition did
ratify such resolution and thereby authorize
the said Common Council to complete such
purchase.
And whereas the said Common Council, did
by resolution duly passed and approved by
the Mayor and which has been duly published,
said resolution having been passed and APP
proved on the 18th day of February, A. d. 1906,
declare its purpose to issue the Corporate
Bonds of said City to the amount of fifteen
thousand dollars $4,000 for the purpose of
purchasing the Powells' Falls Water Power
and the Junction Falls Water Power for the
purpose OF operating and maintaining for pub
lie use the Lighting Plant and Water Works
of said City and did, by such resolution, submit
such question to the electors of said City to be
A1 A1A
ton to be held on the third day of April A. D.
1906, and whereas at such election the electors
of such city by vote of majority of all the
electors voting upon such question did approve
such proposition and thereby authorize the
Common Council to issue said bonds.
Now Therefore the Common Council of the
City of River Falls do ordain as follows:
That the City of River Falls do issue it's ne
gotiable corporate bonds for the Purpose of
Raising Money to Purchase the Junction Falls
Water Power and the Powens' Falls Water
Power for the Purpose of Maintaining and
Operating for Public Use the Lighting Plant
and Water Works of said City, such bonds to
be issued to the amount of Fifteen Thousand
Dollars (S1500O, in denominations of five hun
dred dollars each, with semiannual interest
coupons thereto attached and to bear date
June l. 1906 to be made payable to the Bearer
thereof and to bear interest at the rate of
four per cent per annum payable semiannually
on the first days of June and December of
each year and to severally fall due as follows:
Bonds number one and two shall fall due
June list, 1907.
Bonds number three and four shall fall due
June 1st 1908
Bonds number FIVE and six shall fall due
June 1st 1909
Bonds number seven and eight shall fall due
June 1st, 1910.
Bonds number nine and ten shall fall due
June 1st 1911
Bonds number eleven and twelve shall fall
due June Ist, 1912.
Bonds number thirteen and fourteen shall
fall due June 1st, 1918.
Bonds number fifteen and sixteen shall fall
due June 1st 1914
Bonds number seventeen and eighteen shall
fall due June 1st, 1915
Bonds number nineteen and twenty shall fall
due June 1st, 1916
Bonds number twenty-one and twenty-five
shall fall due June 1st 1917.
Bonds number twenty-three and twenty-four
shall fall due June 1st, 1918.
Bonds number twenty-five and twenty-six
shall fall due June 1st, 1919.
Bonds number twenty-seveu and twenty
eight shall fall due June 1st, 1920.
Bonds number twenty-nine and thirty shall
fall due June LIST, 1921.
To provide for the payments Of said bonds
and of the interest thereon as the same may
become due, a direct annual tax is hereby lev
led upon all of the taxable property, real and
personal, of the City of River Falls in addition
to all other taxes sufficient to pay when due
the interest annually to grow due upon said
bonds and also to pay and discharge the prin-
cipal thereof by the time the same shall be-
come due.
Passed May z, 1906.
Approved May Z, 1906.
f. M. WHITE, Mayor
Attest: ALLEN P. WELD, City Clerk.