The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1910-07-07
ORDINANCE NumBER s5s

An Ordinance authorizing the Com
mon Council of the City Of Kenosha
to issue bonds for the erection, CON
struction and completion Of City
Hall in the First Ward Of the City Of
Kenosha, Wisconsin, in pursuance of
Section 926-ll of the Revised Statutes
Of Wisconsin for the year 1898, as
amended by chapter 228 Of the laws Of
Wisconsin for the year 1903
Be it Ordained by the Common Council
Of the City of Kenosha
Section l. That for the purpose Of
enabling the City of Kenosha to build,
erect, construct and complete a City
Hall in the first ward of the City Of
Kenosha, there be made and issued the
bonds of said City in the amount Of
Forty-fve Thousand (45,OOO) Dollars,
payable in lawful money Of the United
States.
Such bonds to be paid in ten (10)
annual installments of Four Thousand
Five Hundred (4,500) Dollars each; the
first installment Of -Four Thousand Five
Hundred (4,50O) Dollars and accrued
interest thereon to become due and
PAYABLE on the first day Of September
A. u, 1911, and the sum of Four Thous
and Five Hundred (4,500) Dollars and
accrued interest to become due and pay
able on each and every succeeding first
day of September, thereafter until the
said principal amount Forty Five
Thousand (45,000) Dollars and accrued
interest is fully paid; said bonds to
bear interest at rate not to exceed
Five Is per cent? per annum from
and after September LIST, 1910, pay
able semi-annually on the first days
Of March and September Of each year
and the principal and interest Of said
bonds to be payable at the Office Of the
City Treasurer of the said City of Ke-
nosha and said bonds shall be in de-
nominations of Five Hundred (500)
Dollars each.
Section 2 That the Common Coun-
ell of the City of Kenosha shall levy
and collect a direct annual tax
sufficient to pay the interest of
the said bonds as they fall due,
and shall levy and collect a di,
rect annual tax Of -Four Thousand
We Hundred C4,5O0) Dollars each year
to pay the annual installments Of the
principal amount of Forty Five Thous-
and (45,OO0) Dollars, as the several
annual installments fall due.
Section 3. That said bonds shall be
designated and called Getty Hall
Bonds" shall be numbered consecu-
lively from one (1) upwards to ninety
COY inclusive in the order of their
issue; shall bear uniform date of Sep
TENDER LIST, 1910; shall be signed by
the mayor and city clerk of said city,
and shall be sealed with the corporate
seal of the City of Kenosha; shall
have semi-annual interest coupons at
tached and be made payable as follows,
to-wit; bonds numbered one (1) to nine
(9) inclusive, on September LIST, 1911;
bonds numbered ten (10) to eighteen
(18) inclusive, on September list, 1912;
bonds numbered nineteen (19) to TWEEN
ty-seven (27) inclusive, on September
1st 1915 bonds numbered twenty
eight (28) to thirty.six (36) inclusive,
on September LIST, 1914; bonds number
ed thirty-seven (37) to forty-fve (45)
inclusive, ON September LIST, 1915; bonds
numbered forty-six (46) to ffty-four
(54) inclusive, on September LIST, 1916;
bonds numbered tifty-fve (55) to sixty
three (63) inclusive, on September LIST,
1917; bonds numbered sixty-four (64)
to seventy-two (72) inclusive, on Sep
TENDER LIST, 1918; bonds numbered
scventy-three (73) to eighty-one (81)
inclusive, on September LIST, 1919; bonds
numbered eighty-two (82) to ninety
(90) inclusive, on September LIST, 1920;
and said bonds shall show on their face
the amount of the indebtedness of the
City of Kenosha; the amount of the as
sessment of the taxable property of
said City for each of the five years next
preceding their issue and the average
amount thereof, and shall recite the
fact therein that the City of Kenosha
has provided for the collection of a
direct annual tax sufficient to pay the
interest thereof as it falls due and the
annual installments of -Four Thousand
Five Hundred $4,000 Dollars of the
principal amount for each and every
year as the said several instalIments
fall due and become payable.
Section l. Said bonds shall not be
sold for less than their par value and
accrued interest
Section 5. This ordinance shall take
effect and be in force from and after
its passage and publication.
Passed June goth, 1910.
Approved June 2lst, 1910.
Published June 23rd, 1910.
Matthias j. seholey,
Mayor.
Attest: Geo. W. Harrington,
City Clerk.