Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-09-30
ORDINANCE NO 13Q.

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An Ordinance Directing The Issue
OF General Street Improvement Bonds
Of The City Of Grand Rapids, Wis
cons.n To The Amount of $4,000,
And Providing For The Payment
Thereof.
Section 1. That the general street
improvement bonds of the city of
Grand Rapids, Wisconsin to the
amount of $4,000 duly author
lied by Section 925-133 Of the Wiscon
sin Statutes shall be issued in de-
nominations of 81 900 each except the
last bond of this series which shall
be for $4,000, all under date of
September Is, 1909, and the interest
shall be evidenced by semi-annual
interest coupons of $4,000 each pay
able On the 18th day Of September,
and the 18th day of March of each
year. Both principal and interest
Of the said bonds shall be made pay
able at the office of the city treas
urer in the city of Grand Rapids,
Wood County, Wisconsin, and at the
option of the holder in exchange on
Milwaukee, Chicago or New York.
Section 2. The said bonds and in
terest coupons shall be substantially
of the following form subject to the
necessary variations as to numbers,
maurities, etc.
State of Wisconsin,
County of Wood.
No. 1. $1,000.
CITY OF GRAND RAPIDS.
General Street Improvement Bonds.
Know All Men By These Presents,
That the city of Grand Rapids, Wood
County, Wisconsin, is justly indebt-
ed and for value received hereby
promises to pay to the bearer on the
18th day of February, 1920, the prin-
cipal sum of $1,000, with interest
| thereon at the rate of Four per cent
per annum, payable semi-annually on
the 18th days of March and September
as evidenced by and on the presenta
ton and surrender of the annexed
interest coupons as they severally
become due. Both principal and in
terest hereof are payable at the Of
| flee of the city treasurer in the city
of Grand Rapids, Wood County, Wis
! consin, and at the option of the hold
er in exchange on Milwaukee, Chica
| go or New York.
This bond is one of series of ten
bonds of the same date and amount
aggregating $4,000, issued for the
purpose of improving the streets of
said city of Grand Rapids.
1t is hereby recited and certified
that the issue hereof is duly authoriz.
| ed by Section 925-133 of the Wiscon-
sin statutes and by threefourths
vote of all the members of the Com
mon Council elect at a regular meet
| ing after due publication of
ordinance authorizing the same
| in the official paper of said city;
that legal provision has been made
| for the levy and collection of an an
nual tax sufficient to meet the pay
ment Of the interest and principal
hereof as the same becomes due; that
all acts, conditions and things re-
| quired or proper to be done prece
| dent to or in the issuance of this
bond have been legally had, done
and performed, and that the amount
| of this bond together with all the
| other Indebtedness of said city of
Grand Rapids does not exceed any
statutory, constitutional, or other
| legal limitation thereon. For the pay
ment of principal and interest hereof
the full faith, credit and resources of
| the said city are hereby irrevocably
| pledged.
In witness whereof the said city of
Grand Rapids has caused this bond
to be signed by its Mayor and Clerk
| under it's Corporate Seal and the
interest coupons hereto attached to