The Owosso times. (Owosso, Mich.) 1897-1926, 1906-03-23
Notice

OF submitting to vote Of the Electors OF
Shiawasses County the question OF raising the
sum OF 100000 by loan, Sol, 56l. 81 to be placed
to the edit OF the building fund of said County
and S5s, 63S 63 To be placed 10 the credit OF the
contingent fund Of said County
County Clerks office,
Shiawassee County, Michigan.
To the Sheriff of the County OF Shiawassee:
Notice Is herby given that at the annual town.
ship mo ting TO be held on the first Monday in
April, 1906 the following proposition will be
submitted 10 the electors.
Whereas, 1t appearing that the construction
OF the courthouse in the city OF Corunna, Shia-
wassee county, the grading OF the grounds the
construction OF the walks and the approaches
thereto, and the furnishing OF the same, with
suitable and proper furniture. has cost an ad.
ditional expense OF S6l.S6l.37 over and above
the sum OF $4,000 appropriated by the people of
said county therefore, and 1t also appearing that
the said county of Shiawassee has not sufficient
money In the contingent fund OF said county to
pay the current expenses, and that S38, 63S.6 3
will be necessary 10 pay the current expenses
for the ensuing year, therefore be 1t
Resolved. That for the purpose OF paying
said additional sum that said court house,
grading OF the grounds, walks and approaches
thereto, and the furniture for the same has
cost, and the obligations of said county that
have been incurred therefore, being the sum Of
S6l. S6l 81, and for the purpose OF furnishing
the money 10 carry on the expenses for the en-.
suing year, ana to pay all Indebtedness of said
county that has accrued on account OF deficien-
cies for The last years amounting TO about a40,-
600 that a loan be made by said county of Shia-
wassee of the sum of 10000, S6l, 81 TO be
placed 10 the credit of the building fund of
said county and syS, 63863 10 be placed TO the
credit of the contingent fund OF said county,
and that bonds to that extent be issued by the
proper officers of said county, said bonds not
TO draw interest at q greater rate than four
per cent. per annum, payable semi annually,
and said bonds to be paid as follows $4,000
two years after date Of issue; $4,000 four years
after date OF issue; $1,000 five years after date
OF issue; $40 600 seven years after date OF issue:
$40 0O0 eight Years after date OF Issue; &c., 90
ten years after date OF issue; $4,000 eleven
years after date OF issue; $4,000 thirteen years
after date OF issue $4,000 fourteen years after
date OF issue; $40 COO fifteen years after date OF
issue.
Said bonds shall be advertised for sale by
the treasurer of Shiawassee county, ana at its
expense, In ore or more OF the prominent
financial journals Of the country for period
OF 30 days before the date of the sale OF said
bonds, and the bids shall be received by a com
mittee consisting of the treasurer, county
clerk and judge of probate Of said county, and
the bonds shall be sold to the highest bidder
therefore, md the proceeds, both principal and
premium derived from the sale OF said bonds
shall be turned over TO the treasurer OF Shia-
wassee county to be used for the purpose only
OF paying the sum Of SCI 36l 81 for the building
OF the court house in the City OF Corunna, said
county paying or the furniture OF said court
house and paying for the walks and APP
proaches: and grading the ground; and the
sale OF said bonds to be placed in the contin.
gent fund Of said county, and TO pay all obliga-
tions that have been incurred by said county.
Resolved, turtner, 1nat there be submit
ted TO the vote of the electors CT Shiawassee
county at the next annual township meeting in
said county, on Monday, the End Day OF April
A. ID. 1906, the question OF borrowing the sum
OF S1C0 OOO such money to be used as aforesaid
Resolved further, that at least thirty DAYS
previous 10 Monday the 2nd day Of April, A. ID.
1906, notice OF this determination and of the
submitting Of such proposition TO the voters OF
said county be given by posting I'D in three
publ places in each TOW hip. and In each
voting precinct therein, ana each ward OF all
cities In said county, copy Of this determine
tion and these resolutions and that there shall
also be published in at least one newspaper
printed in said county for al least three sncces-
sive weeks previous 10 the time Of such sub
mission and voting copy of this determination
aud these resolutions.
Resolved, further, that the board OF election
commissioners OF Shawasaee county are here.
by instructed TO have printed and delivered to
the proper Officers of each election precinct OF
said county OF Shlawassee. 10 DE used by the
electors OF said election, the following ballot:
against the Loan }"
Resolved. further. that on Monday, the 2nd
day OF April A. ID. 1906. vote OF the electors OF
said county shall DC taken in each OF the town
ships, wards, cities and election districts In
said county upon said question. and that the
manner OF voting on saio prof. osition shall be
as follows: The inspectors receiving the votes
shall, IN the townships and in each voting dis
trict thereof be the same as required at town.
ship meetings, and in cities or wards the same
as required at the city or ward elections re
spectively and the vote shall be canvassed by
the same officer and in the same manner as re-
quired at such township meetings, city or ward
elections respectively; and the results OF such
votes and the statements thereof shall be
made and certified by them and transmitted TO
the county clerk OF said county within ten days
after such vote shall be taken.
Resolved, further that in case said proposi
tion shall carry, during each year thereafter
until the said sum OF $4,000 together with the
interest thereon, is fully paid, The supervisors
OF the different townships and OF the wards Of
each city In said county and the assessing
ohicer OF each assessing district or said county,
shall spread upon the taxable properly OF said
county in their respective townships wards
and assessing districts In said county, a sum.
cient sum OF money each year TO pay the inter
est on said loan, together with the principal
thereon as II becomes due. end said taxes shall
be spread and collected In the same manrer as
all other county taxes.
Resolved, further. that the county treasurer
Of said county shall from time 10 time as said
interest ana principal become due and payable
on said sum OF 100000 IS evidenced by the
bonds OF said county, paw TO the bondholders
the amount 10 due thereon. and that the cou-
pons for the interest and the bonds for the
principal, when 80 paid by the county treGsur.
err, shall be his vouchers therefor and when
presented TO the board OF supervisors OF Shia-
wassee county for allowance shall be duly au-
ditcd and allowed.
In testimony whereof hereby set my hand
ard afflx the seal OF the circuit court, ths 10Th
d4y OF February. A. ID. 1905.
JOHN Y. MARTIN.
County Clerk,