The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1910-09-17

Ihe Following resolution was offered
by A. l.. Robbins who moved its adop-
ton seconded by Henry Doupe.
WHEREAS, at "a special election
held in and Tor the City of Crystal
Falls, Michigan. on Monday, the sixth
day OF June. A. ID. 1910, the PROPOSE
tion to borrow eighteen Thousand dol
lars on the credit OF said city and is
sue bonds OF city therefor. for the pur-
pose of paving Superior Avenue in said
city was duly and regularly submitted
to the vote of the qualified electors OF
said city;
| AND WHEREAS. at said election,
more than two thirds of the said quail
filed electors voting at said election by
ballot decided in favor OF said PROPOSE
tion;
AND WHEREAS all acts, condition,
and Things required TO be done, happen
or be performed, precedent to and In
borrowing the said eighteen thousand
dollars :and issuing the said bonds of
said city therefor. as hereinafter pro-
vided, have been done, have happened
and been performed
RESOLVED by the Council of said
city that said sum of eighteen thousand
dollars be forthwith borrowed on the
credit of said city, and that eighteen
u.s. bonds of said city be issued there
for, for the purpose aforesaid, as fol-
lows Said bonds shall be Of the de.
nomination OF one thousand dollars
each, shall be dated the first day of
August, A. ID. 1910, snail bear interest
at the rate of tive per centum per an
mum, payable emiannually on the
first day of February and the first day
OF August in each year, according Co
coupons to be attached to said bonds.
shall be payable, as TO both principal
and interest at the Office of the City
Treasurer Of said city, and shall ma
ture as follows; Two ca of said bonds
on August first. 1918 three - OF said
bonds on August first. 1914: three t3l
OF said bonds on August first, 1915
three l3) of said bonds on August first.
1918; three l3) of said bond on August
| first, 1919; two t2) of said bonds on
August first. 1929 and two (2l Of said
bonds on August first, 1921. Said
bonds shall be in the lawful form of a
binding, substituting obligation of
said city, for the prompt payment OF
both principal and interest of which ut
the respective times of maturity here
inbefore provided, the full faith. cred
il and resources of said city shall. in
said bonds, be declared to be, and here
by is, irrevocably pledged, and said
bond and the interest coupons TO be AT.
tached thereto, as hereinbefore proyid-
ed, shall be signed by the Mayor OF
said city and countersigned by the
City Clerk thereof and sealed with the
corporate seal OF said city. and. when
so executed, and upon payment TO said
city, or to it's duly authorized officers
or agents, of the said sum CT eighteen
Thousand dollars and such additional
sum as shall be equal to the interest
thereof at the rate OF five per centum
per annum from the first day OF
August A. d. 1910 Co the date Of such
payment, shall be delivered to the Iron
County National Bank. of Crystal Falls,
Michigan. at said city. ayes Thos.
Penglase, Vim. Nesbitt, Henry Doupe,
A. L. Robbins and L. u. jackson.
Nays none. Resolution adopted
The following resolution was offered
by A. l.. Robbins who moved its adop-
ton seconded by Henry Doupe.
RESOLVED That the Board OF AS
SCISSORS he. and they hereby are. direc-
ted to make special assessment roll
for the fret installment of the special
assessment confirmed on the twenty
second day Of August. A. ID. 1910. and
TO report the same. when completed,
to this council in manner and form "a
required by law
RESOLVED FURTHER That the
City Clerk be. and he hereby In. dir
ected to deliver forthwith a copy of
this resolution TO the said Board of
Assessors. Ayes VIM. Nesbitt
Henry Doupe A. l.. Robbins and l.
II. jackson. Nays nohe Resolution
adopted.
The following resolution was offered
by VIM. Nesbitt who moved it's adop-
tion seconded by Henry Doupe
RESOLVED That the Board OF As
SCISSORS be, and hereby are. directed to
make special assessment roll for the
fifth installment OF the special assess
ment, the roll OF which was reported
to the Council on the twelfth day OF
July, A. ID. 1906, and confirmed by the
Council on the thirtieth DAY of July,