The Owosso times. (Owosso, Mich.) 1897-1926, 1906-03-30
Notice

or sub miiting to vote of the Electors O.
sum OF 100000 by loan, s61, 36 81 to be placed
to the credit of the building fund OF said County
and $50, 6SS 63 TO be placed to 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 me ting TO be held on the first Monday in
April, 1906 the following proposition will be
submitted to the electors.
Whereas, 1t appearing that the construction
OF the courthouse in the city of Corunna, Shla-
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 adj
ditional expense OF SOL 80 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 suificient
money in the contingent fund Of said county TO
pay the current expenses and that S3s, SO
will be necessary to pay the current expenses
for the ensuing year, therefore be IL
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
S61.36l,37, and for the purpose OF furnishing
the money to carry on the expenses for the en-
suing year, and to pay all Indebtedness of said
county that has accrued on account OF deficien-
cies for the past years amounting to about &40,-
wassee of the sum of 100000, s6l ,36i.37 to be
placed to the credit of the building fund OF
said county and S3S, 638. SO 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 u 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; $4,000 five years after date
OF issue; $40 900 seven years after date of issue
COO eight years after date Of issue; &c., 90
ten years after date Of issue; $40 600 eleven
years after date OF issue; $4,000 thirteen years
after date of issue; $40 600 fourteen years after
date Of issue; $4,000 fifteen years after date OF
issue.
Said bonds shall be advertised for sale by
the treasurer Of Shiawassee county, and at its
expense, in one or more OF the prominent
financial journals of the country for period
of 80 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, and 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 s6l 1861 81 for the building
of the court house in the City OF Corunna, said
county. paying Tor the furniture OF said court
house, and paying for the walks and APP
proaches and grading the ground; and the
balance OF said amount so derived from the
sale OF said bonds 10 be placed in the contin-
gent fund OF said county, and to pay all obliga-
tions that have been incurred by said county.
Resolved, Further, that there be submit
ted to the vote OF the electors OF Shiawassee
county &C the next annual township meeting in
said county, on Monday, the 2nd day OF April,
A. ID. 1906, the question of borrowing the sum
OF SlOO OOO, such money TO be used as aforesaid.
Resolved further that at least thirty days
previous to Monday the End 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 up in three
public places In each township, and in each
voting precinct therein, and each ward of
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 at least three success
stve weeks previous to- the time of such sub
mission and voting copy OF this determination
and these resolutions.
Resolved, further, that the board of election
con- missioners OF Shiaw9ssco county are here
by instructed to have printed and delivered to
the proper officers OF each election precinct OF
said county of Shlawassee. TO be used by the
electors OF said election, the following ballot:
"For the Loan
against the Loan { }"
Resolved. further. that on Monday, the End
day OF April A. d. 1906, a vote OF the electors OF
said county shall be 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 said proposition shall be
as follows: The inspectors receiving the votes
shall, IN the townships and in each voting dis
trct thereof, be the same as required at town.
ship meetings, and In cities or wards the same
spectively and the vote shall be canvassed by
the same officer and in the same manner as re-
quired 81 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 PROPOSE
tion shall carry, during each year thereafter
until the said sum OF 0U0 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
officer OF each assessing district OF said county,
county in their respective townships, wards
and assessing districts In said county, q sum-
cient sum OF money each year to pay the inter
est on said loan, together with the principal
thereon ~ IL becomes due snd said taxes shall
be spread and collected In the same manner ns
all other county taxes.
Resolved, further. that the county treasurer
OF said county shall from time To time as said
interest and principal become due and payable
on said sum OF 100000 as evidenced by the
bonds OF said county. pay TO the bondholders
the amount so due thereon, and that the cou-
pons for the interest and the bonds for the
principal. whom 70 paid by the county treasur-
err, shall be his vouchers therefor, and when
presented to the board OF supervisors of Shia-
wassee county for allowance shall DO duly au-
dited and allowed
In testimony whereof hereby set my hand
and a1lx the seal of the circuit court, this 10th
day OF February. A. y. 1908.
JOHN Y. MARTIN,
County Clerk.