Montour American. (Danville, Pa.) 1866-1920, 1908-03-12
AN ORDINANCE.

SISTING OF ONE SECTION, EN-
TITLED, IAN ORDINANCE AU-
THORIZING. EMO OWERING AND
REQUIRING THE BOROUGH OF
DANVILLE, MOEOUR COUNTY,
Pennsylvania 20 ISSUE GER
TAIN COUPON ROROUGHBONDS
FOR THE PURPOSE OF PROPER
LY SECURING AND PAYING
CERTAIN SPECIALLY AUTHOR.
IZED BOROUGH INDEBTEDNESS
INCURRED OR TO BE INCUR
RED BY THE SAID BOROUGH IN
. THE MAKING OF'CERTAlN BOR-
OUCH IMPROVEMENTS AND AL
so PROVIDING FOR THE PAY
MENT OF INTEREST AND PRIN-
CIPAL OF THE SAID BONDS"
APPROVED THE FIFTH DAY OF
NOVEMBER A. d. 1904, AUTHOR
IZING. EMPOWERING AND RE-
CURING THE SAID BOROUGH
TO HEREAFTER ISSUE ALL OF
THE UNSOLD COUPON BOR-
OUCH BONDS AUTHORIZED BY
SAID ORIGINAL ORDINANCE AS
AFORESAI WITH INTEREST AT
THE RATE OF FOUR PER CENT
PER ANNUM PAYABLE SEMI
ANNUALLY.
SECTION BE it ordained and en-
acted by the Chief Burgess, and by the
Town Council of the Borough OF Dan
Vile, in the County of Montour and
State of Pennsylvania in Council as
sembled, and it is hereby ordained and
enacted by the authority of the same,
That an Ordinance, entitled, AN or
dinance authorizing, empowering and
requiring the Borough of Danville,
Montour County, Pennsylvania, to is
sue certain coupon Borough bonds for
the purpose of properly securing and
paying certain specially authorized
Borough Indebtedness incurred or to
be incurred by the said Borough in the
making of certain Borough improve
ments and also providing for the pay
ment of interest and principal of the
said bonds, approved the fifth day Of
November A. d. 1904, which ordinance
reads as follows
"Be it ordained and enacted by the
Chief Burgess and by the Town Coun-
Gil of the Borough of Danville, in the
County Of Montour, and State of Penn
syIvania, in Council assembled, and
it is hereby ordained and enacted by
the authority of the same: That for
the purpose of properly securing and
paying certain specially authorized
Borough Indebtedness incurred
or to be incurred blythe said Bor-
ough of Danville, and in the max
ing of certain Borough improve
ments duly authorized by the Borough
election held on the second day of
August, A. D. 1904. for such specific
purpose, the said Borough of Danville
be, and it is hereby, duly authorized,
empowered and required to issue three
hundred coupon Borough Bonds in the
sum of One Hundred Dollars each, re-
deemable at the pleasure Of the said
Borough of Danville, after the first
day of November, A. D. 1909, aud
payable on the first day Of November
A. d. 1924, with interest from the first
day of November A. D 1904, at the
rate of three and one half per cent per
annum. payable semi-annually by the
Treasurer of the said Borough of DAN
vile, in lawful money of the United
States, at his office in the said Bor-
ough on the first day of May and on
the first day of November in each year,
on the presentation of the proper in
terest coupon thereto attached, be
and the same is hereby amended, so
as to be and read as follows:
"Be it ordained and enacted by the
Chief Burgess, and by the Town Coun-
Gil of the Borough of Danville. in the
County of Montour, and State of Penn
sylvauia, in Council assembled, and it
is hereby ordained and enacted by the
authority of the same: That for the
purpose of properly securing and pay
ing certain specially authorized Bor-
ough Indebtedness incurred OF to be
incurred by the said Borough of Dan
Vile. and in the making of certain
Borough improvements duly authoriz-
ed by the Borough election held on the
second day Of August A. D. 1904 for
such specific purpose, the said Bor-
ough Of Danville be, and it is hereby,
duly authorized, empowered and re-
quIred to hereafter issue all of the un-
sold coupon Borough bonds authoriz-
ed by the original Ordinance to be is
sued as aforesaid, in the sum of One
Hundred Dollars each, rodeemsble at
the pleasure of the said Borough of
Danville, after the first day of Nov
ember A. D. 1909, and payable on the
first day Of November A. D. 1924 with
interest from the first day of Novem-
ber A. ID. 1904, at the rate of FOUR
PER CENT. per annum, payable semi
h tba Of tho id