Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1907-06-27
Ordinance No. 81.

An ordinance providing for the issue of
sewer bonds of the City of Webster, Day
$1,000 and for the collection of an annual
tax sufficient to pay the interest and
principal thereof, when due.
Whereas, a. an ELECTION duly cailed and
in all respects according to law,on the 18th
day of April 1907, more than majority of
the electors of the City of Webster, Day
county, South Dakota, voted in favor of
the issue of the negotiable bonds of the
| said city TO the amount of $4,000 for the
purpose of constructing, erecting and
maintaining sewers in and for said city.
Now, therefore, be 1T ordained by the city
council of the City of Webster, South
Dakota;
Section |. That for the purpose of pro-
viding finds for the construction of sew
ers i'm and for said city, there shall be and
is hereby ordered and directed to be issued
| said city to the amount of $1,000;
said bonds to be designated Sewer
Bonds, to be ten in number and
numbered from to ~ inclusive, and
| to be of the denomination of one thousand
dollars $1,000 each. Said bonds shall
| bear date of June 18th, 1907, and shall be-
come due and payable on the 18th day of
June, 1927, and may at the option of said
| City of Webster be paid after June 18th,
! 1917, and shall bear interest from their
date until paid, at the rate OF five per cen.
on the 18th day of December and the 18th
day of June in each year, which interest
payments TO date OF maturity OF the bonds
shall be evidenced by the proper interest
coupons attached to each bond, and both
principal and interest shall be payable at
| the Continental National Bank, Chicago
| Illinois.
| Section 2. That the said bonds and cou-
| pons shall he i'm substantially the follow.
| ing form, to-wit:
| United States of America,
State of South Dakota.
County of Day,
! City of Webster.
| Sewer Bond.
Know all men by these presents that the
| City of Webster in the County of Day and
| State of South Dakota, acknowledges itself
| to owe, and for value received, hereby
promises to pay to David Williams, OF
| bearer, the sum of One Thousand Dollars
| $1,000 ON June 18th, 1927, together with
| interest ON said sum from the date hereof
until paid. at the rate Of five per centnni
| per annum, payable semi-annually ON the
| 18th day of December and the 18th day oi
n eaeh se
attached as they severally become due
both interest and principal payabls II,
money 81 tss mental asiens
| Bank, Chicago, Illinois.
And tor the prompt payment OF this
| ity the full faith and credit of said city
| are hereby irrevocably pledged.
| This bond Is issued by the City of Webs
| ter for the purpose OF providing funus fof
| the construction of sewers therein, in
| accordance with more than majority
| vote of the electors thereof, voting at an
election in said city, duly called and held
| therein on the 10th day Of April, 1907. and
| in all respects i'm full compliance with the
provisions of Chapter 1855 OF the Laws of the
| State of South Dakota enacted at the SEES
sion of the legislature thereof, held in 1906
| This bond al the option Of said City d
Webster may be paid at any time after
June 18th. 1917.
This bond Ii one Of a series of ten bonds
numbered from 70 ~ inclustve, aggregat
nation tenor and date of maturity.
And X il hereby certified ann recifed
| that all acts, conditions md things
required by law "a he done precedent 20