The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1911-08-24
Ordinance No. 81


cution. issuance and delivery Of $4,000
OF water works bonds Of the city OF
Fargo. North Dakota. prescribing the
form OF bonds and coupons, and levying
an annual tax on all the taxable prop
erty OF the city to pay the principal
and interest as the same become due.
whereas. This city Of Fargo, North
Dakota, has been duly and legally
authorized by majority vote ct spe-
ciaI election duly and legally held
therein for that purpose to issue its
bonds In the aggregate amount or s65, y
600 for the purpose Of paying the cost
OF the machinery and materials for, and
the construction of, a waterworks
pumping station and filtration plant,
and making all necessary connections
with the present existing water mains
and water plant, and installing therein
all necessary pumps, machinery, APP
pliances and apparatus for operating
the same, said plant and machinery to
be used for the purpose OF furnishing
to the inhabitants Of this city of Fargo
a pure water supply, and for the pur-
pose Of fire protection for said city, be-
Ing due corporate purposes, which said
sum and amount is less than four per
cent of the taxable property therein, as
determined by the last preceding city
assessment, and all proceedings have
been duly and legally taken, so that
this city council is duly and legally
authorized and empowered to issue
said bonds for the purpose aforesaid,
which bonds have been duly sold;
therefore
Be 1t Ordained, BY the city council
of the city of Fargo. North Dakota:
Section i. That the negotiable coz
pom bonds Of this city OF Fargo, North
Dakota, be issued In the aggregate
amount OF sixty 1--we thousand dollars
(S65, O00), for the purpose Of paying
the cost of the machinery and mater
ials for, and the construction OF, q
waterworls pumping station and fll-
tration plant, and making all necessary
connections with the present existing
water mains and water plant, and In
staIIing therein all necessary pumps,
machinery, appliances and apparatus
for operating the same, said plant and
machinery to be used for the purpose
OF furnishing to the inhabitants OF this
city of Fargo pure water supply, and
for the purpose of fire protection for
said city, being due corporate purposes,
said bonds to bear date July /, 1911, to
be sixty-five (65) in number, each Of
the denomination Of one thousand dol
lars ($1,000) numbered from to 50
inclusive. fifteen (15) thereof, aggre-
eating fifteen thousand dollars ($lb,OOO)
due and payable July !, 1916, and
like number due and payable July !,
1921, and July /, 1926 respectively, and
the balance thereof, being twenty GOD
bonds, aggregating twenty thousand
dollars ($2O,0O0) due and payable July
/, 1881. with interest at the rate OF I'VE
per cent (5 per cent? per annun1, pay
able semi annually on the list day OF
January and July OF each year, both
principal and interest payable at the
| banking house Of the First National
Bank of Minneapolis, at Minneapolis,
Minnesota.
Section q. That said bonds shall be
substantially in the following FORM
which is hereby adopted, to-wit:
UNITED STATES OF AMERICA
STATE OF NORTH DAKOTA
CITY OF FARGO
| Mo 100000
wATERWORKE BOND.
Know All Men BY These Presents
That the city of Fargo, Cass County
North Dakota, acknowledges itself in
debted, and for value received promises
to pay To Bearer the sum OF
ONE THOUSAND DOLLARS
in lawful money of the United States
Of America on the LIST day July, 10. =
at the banking house of The First Ma
tional Bank Of Minneapolis. at Mime
apolis. Minnesota, with interest there
on from date until paid at the rate OF
| Five Per Cent g per cent? per annum
payable semi annually on the first day
Of January and July Of each year al
said banking house upon the presenta-
ton and surrender OF the annexed
coupons as they severally mature.
This bond is issued under and by vir-
tue of, and in full conformity with, the
provisions OF the laws of the state Of
North Dakota, for the purpose Of tht
/ construction Of q waterworks pumping
station and filtration plant and install
| ing ali necessary apparatus for tbs
/ operation OF same, to be used for tbs
| purpose of furnishing to the inhabit-
| ants OF the city pure water supply
/ and for the purpose OF fire protection
OF said city, the same being due cor.
/ porate purposes, and in due conform
/ ity with an ordinance OF the city o.
Fargo duly and regularly passed and
approved.
Il Is Further Certified, That the Is.
| suance Of this bond has been duly
authorized by majority vote at thu
special election at which the question
was duly and legally submitted to thu
legal voters of said city, duly and reg
4 uIarqy called and holden therin fol
that purpose, on the 9Th day OF July
/ 1910.
Ii liz Further Certified and Recited
That all acts, conditions and things re-
| quired by the laws and constitution Of
/ the state of North Dakota to be done OF
! performed, precedent to and In the is
| suance of this bond, have been proper
| lv done. have happened and been per-
| formed in regular and due form and
| time, as required by law; that due pro-
vision has been made for the collection
| of an annual tax sufficient to pay the
| interest and also the principal thereof
1 when due, and that the total indebted
ness of said city, including this bond
does not exceed the limit prescribed
/ BIZ the constitution of the state o.
| North Dakota or by any law thereof.
The Faith and Credit Of said city q
Fargo, North Dakota, are hereby ir,
| revocably pledged for the punctna
payment Of the principal and interes
/ of this bond at maturity.
IN Testimony WHEREOF. The said cit,