Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1907-07-11
TOhicial Publication

AN ORDINANCE authorizing the issue of
bonds for waterworks extension.
The common council of the city of Lady
smith do Ordain as follows
Section /. 1t is hereby ordered and directed
that negotiable coupon bonds of the city of
LadySmith, RuSk county. Wisconsin, be issued
in the aggregate sun of 81 ,000 consisting of
four bonds of $1,000 each, for the purpose OF
extending and improving the waterworks system
of said city for fire and domestic purposes
Section 2. Said bonds shall bear date of July
/. 1907. and bear interest at the rate OF five per
centum per annum, interest payable annually
such interest payments to be evidenced by
proper coupon notes to be annexed to each of
said bonds.
Section g. Said bonds shall mature as fol-
lows: In the order of their number. 81 900 July
/. 1921; 81 900 July |, 1922 81 600 July |, 1928
and 81 600 July l. 1924
Section T. Said bonds shall be signed by the
mayor and by the clerk of said city of Lady
smith, in their official capacity, and the cOrpOr-
ate seal of said city shall be affixed to each of
said bonds.
Section 5 The interest coupons shall also be
signed by the mayor and clerk of said city.
Section g. Said bonds Ind interest coupons
shall be substantially, of the following form,
subject to the necessary variations, as to num-
No No -.'' 1880 100000
UNITED STATES OF AMERICA
STATE OF WISCONSIN. COUNTY OF
RUSK. CITY OF LADYSMITH.
Five per cent Waterworks Extension and Improve.
ment Bonds.
Know all men by these presents that the
Guy OF IAduHSullGl, vi Tic equity VI MUSK anu
State of Wisconsin, is justly indebted to and
for value received, hereby promises to pay to
the bearer, on the first day of July, 49,, the
principal sum of 81 900, with interest thereon
at the rate of five per cent per annum, pay
able annually on July 1St as evidenced by and
on presentation and surf ender of the annual
interest coupons as they mature. both princi-
pal and interest thereof, are payable at ......
Section r. This bond is one OF a series of
four bonds of the same date and amount, ag
gregating $4,000, issued for the purpose of ex-
nding and improving the syst EN- of waterworks in
said city, and it IS hereby recited and certified
lection of the tax to meet the payment of
the interest and principal hereof have been
duly authorized. and that all acts, conditions
and things required and proper to be done
by the laws and constitution of the State of
Wisconsin. precedent to and in the issuance
of this bond were and have been legally done
and performed, and that the amount of this
bond together with all the other indebtedness
of said city, does not exceed any statutory
or constitutional limitation thereof, for the
payment of the interest and principal thereof.
Sections. That provisions have been made
for the collection of regular annual tax on
ditOn to all other city taxes sufficient to pay
the interest hereon and the principal hereof,
when and as the same natures.
Section 9. For the payment of the interest.
| and principal hereof, the full faith, credit and
resources of said city are hereby irreyocably
pledged.
In witness whereof, the said city has caused
this bond and the said interest coupons hereto
attach ed. to be signed by it's mayor and clerk,
and its corporate seal to be attached thereto,
of the first day of July, 1907