The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1912-01-10

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the order of the Board of Council
upon the City Treasurer and for
the payment of the interest and
redemption of the bonds which
may he issued for the improve
ment herein provided and for no
other propose.
Sec. 8. The cost of said inn
provement assessed against any
piece of ground or owners thereof,
shall not exceed one-half of the
value of such grounds after the
improvement is made, excluding
the value of all buildings aud other
improvements upon the property
so improved.
Sec. 9. Said bonds shall be in
substance, form and effect as fol-
lows, except as to the consecutive
number to cover said fractional
parts of five hundred (S5O0.0O)
dollars, provided in section 5 of
this ordinance, and the date of
maturity of the five sets of ends
and the FIVE sets, to mature as
hereinbefore provided.
No. -. E. State of Kentucky,
City of Mt. Sterling:-Know all
men by these presents:-
That the City of Mt. Sterling,
in the State of Kentucky, prom
Uses to pay the bearer the sum
of Five Hundred 0.00) dollars
on the 80. day of. 10. ...
at the Mt. Sterling National Bank.
Mt. Sterling, Kentucky, with in
terest thereon at the rate of six
per cent. per annum from the date
thereof until the payment of SAID
principal sum, upon presentation
and surrender of the proper cou-
pons hereto annexed at said Mt.
Sterling National Bank of Mt.
Sterling, Kentucky, for the pay
ment for which sum and interest,
the faith and credit of the city is
hereby held firmly bound to make,
but only out of the sum realized
upon the apportionment against
the property and lots abutting
streets to be improved, under and
pursuant to ordinance of the
Board of Council for the City of
Mt. Sterling, Kentucky, adopted
on the. -. day of. -. -. 1912,
after the said sums have been col
lected and paid to the Treasurer
of the said city neither said sum or
inter, st shall be payable or re-
deemable on the faith and credit
of the said city, nor shall said
principal sum or interest be
deemed a debt against the city,
but shall be payable out of and
secured by a lien on the assess
ments to be made and apportioned
by said CITY against said lots and
parts of lots or lands abutting
upon streets and parts of streets
ID said ordinance ordered to be
paved and curbed. The principal
sum of this bond shall be payable
at maturity upon presentation
and surrender of the same at said
Mt. Sterling National Bank, Mt.
Sterling, Kentucky.
This bond is one of series of
bonds numbering one to. ......
inclusive, for Five Hundred
(5500.0O) dollars each, and five
numbered ......... of ........
dollars each Is. and known
as Street Paving Bonds and issued
under the authority granted by
sections NEUTRALITY-SUSPICIOUS. and
3577 of the Kentucky Statutes, as
amended bv Chapter 40 Acts of
the General Assembly of Ken
lucky, approved March "a, 1908;
also in accordance with the reso-
buttons and ordinances passed au-
thorizing the usual of the same
by the Board of Council of the
City of Mt. Sterling, Kentucky,
on the. 800. day of ......., 1912.
In testimony whereof the Mayor
and City Clerk of the City of Mt.
Sterling have hereunto set their