The Owosso times. (Owosso, Mich.) 1897-1926, 1912-09-13
Mayor,
City Clerk,

AID. Mcdonald presented the following reso
luton which was on motion adopted ayes Nc
Donald. Reineke. Suthn. Brown. Wright. Con
ant, Palmer, Chavey; nays none;
Resolution No. $50
whereas for the purpose OF defraying the
Main street from the west line of Park street
TO the west line OF Saginaw street, IL is neces-
sary to borrow the sum or One Thousand Two
hundred Dollars (sl &0t0).
Therefore, be IL resolved by the Common
Council Of the City OF Owosso, Michigan that
there be and there are hereby authorized to be
Hundred Dollars I'D, OD each. numbered and
2, bearing date OF August !, 1912. maturing
500. 90 November 1, 1913 and 100000 November
1913; with ioterest at the rate of four and
one half per centnm az per cent? per annum,
payable semi annually May LIST and November
LIST, both prlncipai and interest payable at the
ONCE OF n. w. Hsisey Company In the Clay
shall Do IN substantial ythe following form;
Mo- Amount
United States OF America
state OF Michigan
County OF Shiawassee
City OF Owosso Paving Bonds.
Know all men by these presents:
That the City OF Owosso. In the County OF
Shiawassee and State OF Michigan, acknow
leoges to owe and for value received promises
Der 10 the sum OF six Hundred Dollars
$500 COZ, lawful money OF the United States Of
America, with interest thereon from the date
hereof until paid, ~ the rate OF four and one
half per centum OK per ceat) per annum,
interest payable sem. annually May LIST AND
November LIST OF each year upon presentation
aud surrender OF the annexed interest coupon 3
as they severally become due; both principal
and Interest Of this bond are hereby made pay
able nj tho once OF N. w Halsey & Company
In the City of chicago Illinois
This rond Is one OF . series Of two bonds OF
like date and tenor. with the ex ,eptien OF
maturity. issued for the purpose OF paying Tho
city's share OF the expense OF paving East
Main street from The west line OF Park street
to the west line OF Saginaw street issued un-
der and by virtue OF section 1913 Of the com-
piled laws OF the State Of Michigan, relating to
the incoI ppration OF clues In the fourth class
and authorized by an election duly called and
held on The seventeenth day Of July. A. D.
1919
For the prompt payment Of this bord and
the interest thereon, full faith and credit VI
the said City OF OwUsso Is hereby irrevocabiy
that all acts, conditions and things required TO
be done precedent to and in tho issuance of
this bond have been done, happened and been
performed In regular and due form As required
by law, and that the total indie btedness OF said
City, Il GLIDING this issue of bonds, does not
exceed any statutory or constitutional limita-
ton. This bond ano the interest thereon are
payable from the inteiest and sinking fund.
This bond is exempt from taxation in the
State of Michigan.
In witness whereof, the Common Council OF
the City OF Owosso, Michigan, has caused this
bond to be signed by the Mayor and counter.
signed and registered by the City Clerk of the
ed, and has caused the tnterest coupon to be
executed by the facsimile signatures of the
above officers this fret day of August, A. ID.
1912.