The Owosso times. (Owosso, Mich.) 1897-1926, 1909-12-17
Battle Creek, Mich, Nov. 80, 1909

Battle Creek, Mich, Nov. 80, 1909.
Mr.: Arthur II. Dumond. City Clerk Owosso,
Mich.
Dear Sir:
Yours OF the ssrd inst: Please pardon delay
In respot Sc.
After consultation with my principal. offer
For bonds OF the City of Owosso, $500 in
amount. maturing 1890 March ist 1911. and
$500 each year thereafter. bearing interest OF
AZ per cent per sunum. without option OF prior
p ,yment subject to legality, as determined by
our .iornsy, offer you n premium OF $Sa.oe
demo limitations OF $1,000. $500 and $780, They are
TO be payable both principal and interest at the
National Bank OF The Republic, Chicago. III.
Interest is TO be paid semi annually.
In the foregoing. have endeavored to cover
the main points that we shall expect 10 have
applied TO the issue in question which Issue In
any event must be pledge of the entire City
OF Owosso, and not simply lien on the par
ticular sewer, which 1T is to cover
Kindly let me know In any event what dis
position has been made OF the issue, for have
other commitments which will largely depend
on the outcome OF this proposition.
Very truly yours
J. r. CAssLEMAN.
Aid. Conant presented the following resolu-
ton which was on motion adopted, ayes o. nays
Resolved, by the Common Council OF the City
OF Owosso, Michigan That the bid OF J. Il.
Cassleman, OF the City OF Battle Creek, Mlchi-
Ran, TOT Six InOuSanO r'Our hundred DOiiarS
ls64oo) Of sewer Bonds. of the Guy OF Owosso,
Nil higan, dated December LIST. 1909, and matur-
ing sixteen Hundred Dollars $4,000 March LIST,
1912, Sixteen Hundred Dollars (sl6JO) March
lst. 1918. and Sixteen Hundred Dollars $4,000
March LIST, 1914, without option OF prior pay
tion OF Five Hundred Dollars $500 and One
Hundred Dollars O10U. bearing interest at the
rate OF four and one half Der cent per annum,
terest payable at the National Bank OF THERE
pubic, Chicago ILL.,, to be paid for by the said
J; r. Cassleman, upon delivery, premium OF
rhirty-two Dollars and Fifty six Cents (e3s.56),
be and is hereby accepted.
AID BRANDED presented the following resolu-
ton and moved that same be adopted:
Resolved by the Common Council OF the City
OF Owosso, That committee OF four, consist
ing of Aid. Conant, Wren and Clark and the
City Attorney, be appointed to Draw u five or
ten year contract with the OwoSso Corunna
Electric Company for street lighting and sub
NIT to this Council at the next meeting.
Aid. Conant moved that the resolution be
amended 10 substitute the name OF Aid. Sturte-
want for Aid. Conant which did not prevail,
ayes Mcdonald clark, Conant, nays6.
The original resolution as presented by Aid.
BRANDED was then adopted, ay es s. nays Sturte-
want, Mcdonald Clark, Conant.
Aid. conant presented the following resolu-
tion which was on motion adopted, ayes 8,
nays0
Resolved, by the Council OF the City OF
ONOSSO, InaJ the city clerK De ana is nereDy
instructed to draw orders on the Interest and
Sinking fund in payment Of interest on bonds
as shown below
For $500 to the First National Bank Of Chi
cago for interest ON water works bonds due
January 9Th, 1910.
For S24O to the American Exchange National
Bank, OF New York. for interest on Bridge
bond due December 30th. 1909.
For $500 to N. w. Harris & Co., OF New York,
for interest on water works bonds due January
1st 1910.
For $40 to the Citizens Savings Bank. of
Owosso, for interest on refunding bonds due
January Ist 1910
For $500 to the Chase National Bank. of New
York, for interest on refunding bonds due jan
uary 2nd 1870
For $3.50 to the Wayne County Savings
Bank. of Detroit for interest on refunding
bridge bonos due December S0th, 1909.
Aid. Conant presented the following estimate
and moved that same be approved and the
clerk instructed to draw order Tor the amount
due, which prevailed. ayes 8, nays0:
NJ, A