Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1909-08-19
PROPOSED ORDINANCE NO.

PROPOSED ORDINANCE NO.
An Ordinance Directing the Issue
of General Street Improvement
Bonds of the City of Grand Rap
ids, Wisconsin, to the Amount of
$4,000, and Providing for the Pay
ment Thereof.
The Common Council of the city
of Grand Rapids, Wisconsin, do or
dain as follows:
Section l. That the general street
improvement bonds of the city of
Grand Rapids, Wisconsin, to the
amount of $4,000 duly authorized by
Section 925-l33 Of the Wisconsin Stat
utes shall be issued in denominations
of 81, 200 each. except the last bond of
this series which shall be for
$4,000, all under date of Septem-
Der Is, 1909, and the interest shall be
evidenced by semi-anGual interest
coupons of $1,000 each payable 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 payable at the
Office 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, Chi
cago 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,
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
PRESENTS, That the city of Grand
Rapids, Wood County, Wisconsin, is
justly indebted and for value received
hereby promises to pay to the bearer
on the 18th day of February. 1920, the
principal sum of 81, 900 with interest
thereon at the rate of four per cent
per annum, payable semi-annually on
the 18th days Of March and Septem-
Der as evidenced by and on the pre-
sentation and surrender of the an
nexed interest coupons as they sew
orally become due. Both principal and
interest hereof are payable at the Of
flee Of the city treasurer in the city
of Grand Rapids, Wood County, Wis.
consin, and at the opJion of the holder
in exchange on Milwaukee. Chicago
or New York.
This bond is one OF a series of ten
bonds of the same date and amount
aggregating $4,000, 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 author
lied by Section 925-133 of the Wiscon-
sin Statutes and by a three fourths
sOuC VI oil oilO IhCllOClS VI OilC SOLu-
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 the annual tax
sufficient to meet the payment of the
interest and principal. hereof as the
same becomes due; that all acts, con-
ditions and things required or proper
to be done precedent to or in the is
suance 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 ex
coed any statutory, constitutional, or
other legal limitations thereon. For
the payment of principal and interest
hereof the full faith, credit and re-
sources of the said city are hereby ir-
revocably pledged.
In witness whereof the said city of
Grand Rapids has caused this bond to
be signed by it's Mayor and Clerk un-
der its Corporate Seal and the interest
coupons hereto attached to be signed
with the Autograph signature of said
Clerk as of the date Of the 18th day
of Soptorob nr 1000