The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-09-09
NOTICE OF SPECIAL ELECTION.

WHEREAS, 1t appears to the VIII
lago Council of the Village Of Laurium
that there exists certain outstanding
unsecured indebtedness of the Village.
heretofore lawfully incurred by this
Council and by previous councils,
amounting in the aggregate to the
sum of twenty-four thousand five
hudred (24.500) dollars, said sums hav-
ing been borrowed by the respective
councils in anticipation of the collect
ion of taxes for the respective years
and not more than one-fourth 40
of the taxes having been borrowed in
any one year, and all of said sum hav-
ing been expended for the improve
ment of the streets and alleys of said
pedient and for the best interests Of
the Village that said indebtedness be
funded and that bonds, as hereinafter
described. be issued to take care of
said Indebtedness;
THEREFORE,, 1t is Resolved OD
That, subject to the approval of the
electors of the village in the special
election hereinafter called bonds Of
the Village be issued for the sum Of
twenty -four thousand five hundred
(24,500 dollars, of the following de-
scription and tenor and payable as
hereinafter specified, namely:
Village of Laurium Funding Five
Per Cent. Coupon Bonds, Number, to
| 20 both inclusive, bonds / to "a in
elusive to be of the denomination Of
one Thousand G,0OO) dollars and bond
number 20 to be of the denomination
of five hundred (500) dollars with in
terest at the rate of five per cent.
$50 per annum, payable semi-an-
nually on the first day of April and
the first day of october in each year.
bonds and interest payable at the State
Savings Bank of Laurium. Said bonds
shall be payable as follows:
Number Amount Payable
1-2-3-4-5 $4,000 October /, 1920
l6-7-S-9-10 5000 October /, 1921
l11-12-13-14-15 5000 October 1, 1929
l16-17-1S-19-2O 5000 October I, 1923
21-22-23-24-25 $500 October /, 1912
| 1t Is Further Resolved, That n spec
| ial election of the electors of the VIII
lage be and the same is hereby called
to be held in this village on Saturday
the 23rd day of September "A. ID. 1911.
and that the proposition of issuing
said funding bonds be submitted to the
| electors of this village at such elect
ion; that at said election the polls
shall be open at O'clock in the morn
| ing and shall be kept open until
o'clock in the afternoon, at which hour
they shall be finally closed; that the
| form of ballot to be used at said elect
ion shall be For issuing bonds to the
amount of twenty-four thousand five
hundred (24,50O) dollars to. fund the
outstanding Indebtedness of the VII
lage" and Against issuing bonds to
the amount OF twenty-four thousand
| five hundred (24,5O0) dollars to fund
the outstanding Indebtedness of the
Village"
1t is Further Resolved, That the VII
lage Clerk be and he is hereby In
structed and directed to have the
proper and necessary notices for said
election printed and duly posted In
accordance with the statute.
IL is Further Resolved, That the fol-
lowing officers for said special elect
ion be and they are hereby duly APP
pointed, namely;
Commissioners of
Election
q. d. Rustello.
(Berhhart Holmstrom,
tGeorge Hall.
Inspectors of
Election
(Joseph Wills.
MARTIN Priske Jr..
(Harry 7. Ingersol,
(Joseph Galipeau.
Board Of
Registration
(John Chynoweth.
(Joseph c. Light,
civilian Was.
II is Further Resolved, That the
Board of Registration be and they are
hereby Instructed TO be in session ."
Thursday the 21st day OF September
A. ID. 1911, from 0 O'Clock A. M. 10
o'clock p. NJ.
hereby certify that the above is
true and correct transcript OF reso-
luton duly passed by the Viliaso
Council OF the Village of Laurium AZ
regular meeting held on the slH'"
day Of September, "A. ID. 1911.
MARTIN PRISK, JR.
Village Clerk