The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1911-03-09
ORDINANCE NO. 800.

An ordnance authorizing the Common Council
ol we lily OF kenosha to issue bonds Tor the
construction and com pletion Of Main Sewer ex-
tending from Lake Michigan westward Il Charles
street IN the City Of kenosha Wisconsin in mr.
Suance OF Sec. 926-11 and Section o42 and e4S Wis
n }. Tor the year 1898, and acts amendatory Of
SAID sections and supplementary thereto.
Be II Ordained by the Common Council of the
City of kenosha:
SECTION l. That for the purpose Of e1ablino
the City OF kenosha to build construct and COM
Pete main sewer OF a diameter of eight (S1 feet
tDree Isl inches or more at its mouth extending
from Lake Michigan, westward to Charles street
IN the lily oil kenosha, there be made and issued
bonds OF the said City in lie amount of Fiftv
thousand (S5o.O001 Dollars PAYABLE in layyful
money of the United States
Such bonds to be paid in ten annual INSTALL
ments OF Five Thousand (S5.000l Dollars each
me tlrst Instalment of Five Thousand ts5 O00l
Dollars and accrued interest thereon to become
cue and payable on the first day OF Iuy 1912 and
the SUN OF Five Thousand $1,000 Dollars and
accrued interest to become due and PAYABLE on
each and every succeeding first dav of Iuly there
aIfer, until the said principal amount of Fifty
Thousand (S50,000) Dollars and accrued interest
is fully paid; said bonds to bear interest at rate
not to exceed 5 per cent per annum from and
alter the first day of July, 1911, payable semi
annually on the hrst days of July and Ianu.
airy OF each year. and the principal and interest
OF sad bonds to be payable at the office of the
Slty treasurer OF said City of kenosha, and said
9ends shall be in the denomination OF Five Hun
bred (s50o.00 Dollars each.
Section 2 That the Common Council 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 direct annual tax of Five Thousand
(So,00o) Dollars each year to pay the annual in
StaIlment OF the principal amount of Fifty
thousand $50 0Oo) Dollars, as the several annual
lnstallments fall due.
Section That said bonds shall be designated
and called "Kenosha Main Sewer Bonds" and
snal oe mum bered consecutvely from One %
upwards to One Hundred (l00) inclusive in the
order of their issue shall bear uniform date Of
July hrSt, 1911, shall be signed by the Mayor and
the City Clerk OF said City and shall be sealed
with the corporate seal of the City of KenoSha,
shall have semiannual interest coupons attached
and be made payable as follows, to-wit:-
bondS mum bered one lD to ten Q0) inclusive
on the first day of July, 1912.
Bonds numbered eleven (111 to twenty (20) in
elusive on the first day OF July, 1913.
Bonds mum bered twenty-one (2l) to thirty 800
INCLUSIVE on the first day of July, 1914.
Bonds numbered thirtyone (31) to forty (40)
inclusive on the first day of July, 1915.
Bonds numbered forty-one (41) to fifty (50)
INCLUSIVE on the first day of July 1916
Bonds numbered fifty-one .(51) to sixty (60) in
elusive on the first day of July, 1917
Bonds numbered sixty-one (6l) to seventy (70)
inclusive on the first day of July, 1918
Bonds numbered seyenty-one (71l to eighty (So)
INCLUSIVE on the first day of July, 1919.
Bonds numbered eighty-one (SD to ninety ZOO
inclusive on the first day of July 1920.
Bonds numbered ninetyone (9I) TO one hum
dred 400 inclusive the first day of July, 1921
And the said bonds shall show their face the
amount OF the Indebtedness of the City of Keno.
sha, the amount of the assessment of the taxable
property of said City for each of the five years
ext 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 direct annual tax sufficient to pay
the interest thereof it falls due and the annual
lnstallment of Five Thousand (J5,00O) Dollars of
the principal amount for each and every year as
the said several installments fall due and become
payable.
Section d. Said bonds shall not be sold for less
than their par value and accrued interest
Section s. This ordinance shall take effect and
be in force from and after its passage and pub
LEGATION.
Passed March 9th, 1911.
Approved March 9TH, 1911.
Published March 9th, 1911.
MATTHIAS J. SCHOLEY,
Mayor.
Attest: GEO. w. HARRINGTON,
City Clerk.