Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-11-11
PROPOSED ORDINANCE NO.

PROPOSED ORDINANCE NO.
! An Ordinance Directing the Issue of
General Street Improvement Bonds
of the City of Grand Rapids, Wis
and providing for the Payment
Thereof.
The Common Council of the city of
Grand Rapids, Wisconsin, do ordain
as follows:
Section 1. That the general street
Improvement bonds of the city of
Grand Rapids, Wisconsin, to the a
mount of $4,000 duly authorized by
tSection 925-133 of the Wisconsin
Statutes shall be issued in denom-
inations of 81 900 each except the last
three bonds of this series which shall
be each for $4,000 all under date of
January /, 1910, and the interest
i at the rate of AZ per cent per an-
mum shall be evidenced by semi-an-
nual interest coupons of $22.50 on all
81, 900 bonds and $500 on all $4,000
bonds each payable ON the first day
of July, and the first day of January
of each year. Both principal and i'm
terest of the said bonds shall be
made payable at the office of the
city treasurer i'm the city of Grand
Rapids, Wood County, Wisconsin, ant
at the option of the holder i'm ex-
change on Milwaukee, Chicago or
New York.
Section 2. The said bonds and in
i terest coupons shall be substantial
ly of the following form subject to
the necessary variations as to num-
bers, maturities, etc.
STATE OF WISCONSIN.
County of Wood.
No. L. $1,000.
CITY OF GRAND RAPIDS.
General Street Improvement Bond
KNOW ALL MEN BY THESE PRE-
SCENTS, That the city of Grand Rap
ids, Wood County, Wisconsin, is
justly indebted and for value received
hereby promises to pay to the bearer
er ON the first day of January, 1920,
the principal sum of 1000 with i'm
terest thereon at the rate of four
and one-half per cent per annum,
payable semi-annually ON the first
days of July and January aus evidenc-
ed by and on the presentation and
I surrender of the annexed interest
coupons aus they severally become
due. Both principal and interest here
of are payable at the office of the
City Treasurer in the city of Grand
Rapids, Wood County, Wisconsin, and
at the option of the holder in ex-
change on Milwaukee, Chicago or
New York.
This bond is one of a series of
twelve bonds of the same date and
amounting in the aggregate to $15,0 0O
ISSUED for the purpose of improving
the streets of the said city of Grand
Rapids
1t is hereby recited and certified
that the issue hereof is duly authoriz-
i ed by Section 925-133 of the Wiscon-
sin Statutes and by a three-fourths
vote of all the members of the Com
mon Council elect at regular meet
Ing after due publication of the pro-
posed 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 i'm 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 statu-
tory, constitutional, or other legal
limitation thereon For the payment
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 it's Mayor and Clerk
under it's Corporate seal and the in
terest coupons hereto attached to be
| signed with the Autograph sigma
ture of said clerk as OF. the date
of the first day of January, 1910.
Mayor.