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

AN ORDINANCE authorizing the issue of
bonds for building and procuring or ScECol
houses and sites.
The common cCunC IL or the city OIL 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 sum OF 81 900. consisting of
four bonds of 81 900 each, for the purpose OF
building and procuring school houses and sites.
Section .. Said bonds shall bear date of July
l. 1907, and bear interest at the rate of five pei
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 3. Said bonds shall mature as fol-
lows: In the order of their number. 81 OGO july
1, 1921 1000 July /, 1922; 81 600 July |, 1923,
Section A. 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 s. The interest coupons shall also be
signed by the mayor and clerk of said city.
Section 6. Said bonds and interest coupons
shall be substantially OF the following form.
subject to the necessary variations, as TO mum
bers maturities, ETC..
UNITED STATES OF AMERICA.
STATE OF WISCONSIN. COUNTY OF
RUSK. CITY OF LADYSMITH
Five per cent School Bonds.
Know all men by these presents, that the
city of LadySmith, of the county of RuSk and
State of Wisconsin, is justly indebted to and
for value received, hereby promises to pay to
the bearer, on the first day of July, Is, the
principal sum of 81 900, with interest thereon
at the rate of five per cent per annum, pay
able annually on July lst, as evidenced by ana
on presentation and urrender of the annual
interest coupons as they mature. both prlncl-
pal and interest thereon, are payable at $3.50.
Section Z. This bond is one of series OF
four bonds of the same date and amount, ag-
gregatng $4,000 issued for the purpose OF
rinp
city, and it is hereby recited and certified
that the said issue and the levy and col
lection of the tax to meet the payment Of
the interest and principal hereof have been
duly authorized and that all acts, cOndltonS
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 there of.
Sections That provisions have been made
for the collection of q regular annual Tax on
dtiOn to all other city taxes, Sufhclent TO pay
the interest thereon and the principal thereof,
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 irreVocably
pledged.
In witness whereof, the So id city he S caused
this bond and the said int crest coupons hereto
attach ed, to be signed by it's mayor ana clerk
and it's corporate seal TO be attached thereto,
as of the first day of July, 1901