The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1911-04-14

FOR THE ISSUANCE OF
W~ATERWORKS BONDS OF
THE CITY OF MOBRIDGE
SOUTH DAKOTA. IN TIL
AMOUNT OF FIVE THOUSAND
DOLLARS, AND PROVIDING
FOR THE COLLECTION OF
TAXES TO PAY THE INTER
EST AND PRINCIPAL OF SAIL
BONDS WHEN DUE.
Whereas, at an election dul,
and legally called aud held in tn,
City of Mobridge, South Dakota
on The 9th day Of August, 1910
more than a majority Of the quail
fled electors Of said city, as deter
mined by the vote cast for Mayor
Of the City at the last preceding
election, vote in favor OF the is,
suance of bonds OF said city in the
amount of five thousand dollars
for the purpose OF providing water
! for domestic uses; and
Whe as, said bonds have been
duly advertised for SAFE and sold
at a price in excess of the par
value thereof; Nov, therefore,
Be il ordained by the City
Council Of the City Of Mobridge,
South Dakota,
Section /. That for the pur-
pose of providing watsr for
domestic uses in and for the City
Of Mobtidge, South Dakota, there
is hereby ordered and directed to
be issued the negotiable coupon
bonds of said city in the amount of
FIVE Thousand dollars (S5, 000) Said
bonds shall be of the denomination
If 81, 900 each; numbered / to 5
inclusive; shall bear date January
2, 1911. and Shall mature and lie
come payable az fol ows: Bond
No. on July L, 1919, and one
bond Of the next Succeeding num-
Der on July lst of each yea there
after to and including July i,
1923. Said bonds shall bear inter-
est at the rate of five per centum
Is per cent? pr annum, payable
semi-annually on the first day Of
July and January in each year,
and shall have coupons attached
representing said interest pay
ments roth principal and inter
est shall be made payable in law.
full money Of the United States of
America at the standard Truss and
Savings Bank, in the City Of
Chicago, IllinGis.
Section 2. Said bonis and coup
ons shall be in substantially the
following forms respectively, to
wit:
UNITED STATES OF AMERICA.
STATE OF SOUTH DAKOTA
COUNTY OF NALWORTH
CITY OF MOBRIDGE
WATERWORKS BOND
No.. $1,000.
Know all men by these presents.
that the City Of Mobridge, ia the
of Wa worth State Oh
Dakota, acknowledges itself
to owe and for value received here
promises TO pay to bearer, on
the first day of July, a. ID. 49,.
the principal sum Of one thousand
dollars, together with interest on
said sum from the date he eof un-
Til paid at the rate OF five per cen
tum @ per cent? per annum, pay
able seni-annually on the first
day Of January and july in each
y al on presentation and surren-
der Of the annexed interest coupons
as they ~severally become due;
both principal and interest pay
able ia lawful money t the United
of America at the Standar
Trust ana Savings Bank, in the
City of Chicago, Illinois. And
fer the prompt payment of the
principal and interest Of this bond
as hey respectively become due,
the full faith, credit and resources
Of said CITY are hereby irrevocably
PLEDGED
This bond is issued by said City
Of Mobridge fir the purrose of
providing water for nestle uses
IN said city, in ac .ordance with the
favorable vote Of mere than a
majority Of the Ell ctors Of said
cit at an election duly and legally
called and held f that purpose,
and pursuant TO resolutions. or
dinanees and proceedings of the
City Council of said Cit. duly pas
sed and adopted. ard purs art TO
and in full conformity with the
Constitution and laws Of the State
of South Dakota. particularly
Article % of Chapter IA 81 the
Political Code Of said State.
And it IS hereby certified and