Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1910-12-22
NOTICE of PROPOSED ORDINANCE

An Ordinance Authorizing The Issue
of the Water Works Bonds
of the City of Grand Rapids, Wis
consin, to the Amount of Twenty
Five Thousand Dollars, and Pro-
viding for the Payment Thereof.
The Common Council OF the City OF Grand
Rapids, does ordain as follows
Section J.. That for the purpose of enlarg-
ing the W aterWOrRs System in and for the
city of Grand Rapids, Wisconsin, there are
hereby authorized to be issued the Water
works Bonds OF said city to the amount of
twenty-five thousand dollars (S25,Uy0J con-
thousand dollars (1000) each, which said
bonds shall be dated the first day of Nov
ember, 1910, and bear interest evidenced by
coupons at the rate OF five ~ per centum
per annum, payable Semi-4nnually. Both
principal and interest OF said bonds shall
be made payable at the office of the City
Treasurer in the city of Grand Rapids, Wis
cOnsin. Two of said bonds shall become
due on the first day of November in each of
the years 1920 to 1929, both inclusive, and the
remaining five thousand dollars $4,000
thereof shall become due on the first day of
November, 1873.
Section 2. The bonds hereby authorized
shall be in substantially the following form
UNITED STATES OF AMERICA
STATE OF WISCONSIN
CITY OF GRAND RAPIDS
WATER WORKS BOND
No. ST 900
KNOW ALL MEN BY THESE PRESENTS,
that the city of Grand Rapids, in the county
of wood and state OF Wisconsin, acknow-
Lodges to owe and for value received hereby
promises to pay to bearer one thousand
dollars $4,000 lawful money OF the United
States of America, on the first day of No
vember, 19-7-, with interest thereon from
the date hereof at the rate of five % per
centum per annum, payable semi
on the nrst day of May and november in
each year on presentation and surrender of
ally become due. Both principal and inter-
est OF this bond are hereby made payable at
the Office OF the City Treasurer in the city of
GRAND Rapids, Wisconsin.
This bond is one of a series of like tenor.
except maturity, issued for the purpose OF
charging the WaterwOrkS System in and
for the city OF Grand Rapids, Wisconsin, I'M
der the authority OF Section 925-133 of the
! Revised Statutes of Wisconsin, for the year
1898. as amended, and of an ordinance duly
passed by the Common Council OF said City.
1t is hereby certified ana reCited that all
acts, conditions and things required TO be
done precenden. to and in the issuing OF
this bond have been done, happened and
been performed in regular and due form as
required by law; that a direct annual tax
has been duly levied u on all the taxable
property in the city of Grand Rapids Wis
consin, sufficient to pay the principal and
interest OF this bond as they Severally be
come due; and that the total indebtness OF
said city, including this bond, does not eX-
ceed the statutory or constitutional hmita-
lions.
IN TESTIMONY WHEREOF, the Common
Council of the city of Grand Rapids. Wis
consin. has caused this bond to be signed by
the corporate seal hereto affixed, and has
caused the annexed interest coupons to be
executed with the fac-simile signatures of
said officers the first day OF November, 1910.