Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-12-16
ORDINANCE NO. 143.

of Water Works Improvement and
Extension Bonds of the City of
Grand Rapids Wisconsin, to the
Amount of $4,000, and Providing
for the Payment Thereof.
The Common Council of the city of
Grand Rapids, Wisconsin do ordain
as follows:
Section l. That the water works
improvement and extension bonds of
the city of Grand Rapids, Wisconsin,
to the amount of $4,000 duly author
lied by Section 925-133 of the Wis
consin Statutes shall be issued in
denomina tions of $1,000, each except
the last five bonds of this series
which shall each be for $4,000, all I'M
der date of january l, 1910, and the
interest at the rate of ~ per cent
per annum shall be evidenced by
semi annual interest coupons of $22.5(
on the 81 900 bonds and $4950 on the
$4,000 bonds each payable ON the
first day of July and the first day of
January of each year. Both princi-
pal and interest of the said bonds
shall be made payable at the office
of the city treasurer i'm the city of
Grand Rapids, Wood County, Wiscon
sim, and at the option of the holder
in exchange on Milwaukee, Chicago
or New York.
interest coupons shall be substantially
of the following form subject to the
necessary variations as to numbers,
maturities, etc.
STATE OF WISCONSIN.
County of Wood.
No. 1. $1,000
CITY OF GRAND RAPIDS.
Water Works Improvement and Ex-
tension Bond.
KNOW ALL MEN BY THESE PRE-
SENTS, That the city of Grand Rapids
Wood County, Wisconsin, is justly
indebted and for value received here
by promises to pay to the bearer
on the first day of January, 1920, the
principal sum of 1000 with interest
thereon at the rate of four and one
half per cent per annum, payable
semiannually on the first days of
July and January as evidenced by
and ON the presentation and surren-
der of the annexed interest coupons
as they severally become due. Both
principal and interest hereof are pay
able at the office of the city treasure
in the city of Grand Rapids, Wood
County, Wisconsin, and at the option
Of the holder in exchange ON Milwau-
kee, Chicago or New York.
This bond lis one of a series of
fourteen bonds of the same date and
amounting in the aggregate to $20,0
issued for the purpose of improving
and extending the water works sys-
tenn of the said city of Grand Rapids
1t is hereby recited and certified
that the issue hereof is duly author
lied by Section 925-133 of the Wis
consin Statutes and by a three
fourths vote of all the members of
the Common Council elect at a reg
ular meeting 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
required 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 togethers with all the
other Indebtedness of said city of
Grand Rapids does not exceed any
statutory, constitutional on other le-
sal limitations thereon. Forsfhes pay
ment of principal and interest here
of the full faith, credit and resourc-
es ofthe said city are hereby irreYo-
cably pledged. --sss-s--zss--r@.ssasss-.s
In witness whereof the said city of
Grand Rapids has caused this bond
to be signed by. its Mayor and Clerk
under its Corporate Seal and the in
terest coupons hereto attached ito be
signed with the Autograph sigma
ture of said Clerk as of the date of
the first day of January, 1910.
Moyo1