Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1912-11-14
ORDINANCE NO. III.

An ordnance directing the issue
of Water Works Bonds for the pur-
pose of purchasing and installing an
Engine for pumping purposes, of the
City of Grand Rapids, Wisconsin, to
the amount of $10,O0O.OO, and provid-
ing for the payment thereof.
The Common Council OF the City
Of Grand Rapids, Wisconsin do or
dain as follows:
SECTION 1. That Water Works
Bonds, for the purpose of purchas-
ing and installing an Engine for pump
ing purposes, of the City of Grand
Rapids, Wisconsin, to the amount of
100000, duly authorized by Section
925-133 of the Wisconsin Statutes,
shall be issued in denomination of
100000 each, all under date of De
cember 18th, A. D. 1912, and the in
terest shall be evidenced by semi
annual interest coupons, at the rate
of Five 60 per cent per annum, pay
able on the 18th day of June, and
the 18th day of December, of each
year. Both principal and interest of
said bonds shall be made payable
at the office of City Treasurer, in
the said City of Grand Rapids, Wood
County, Wisconsin,, and at the OPP
ton of the holder, in exchange on
Milwaukee, Chicago, or New York.
SECTION 2. The bonds hereby
authorized shall be in substantially
the following form:
United States of Amreica. State
of Wisconsin. City of Grand Rap
ids. City Waterworks Engine Bond.
No.. $1,000
Know all men by these presents,
that the City of Grand Rapids, in
the County of Wood, and State of
Wisconsin, acknowledges to owe and
for value received, hereby promises
to pay to bearer One Thousand
$4,000 Dollars lawful money of the
| United States of America, on the
18th day Of December, 19-, with i'm
terest thereon from the date hereof
at the rate Of five 90 per centum
per annum, payable semi-annually
| on the 18th day of June and Deem
| Der in each year on presentation
| and surrender of the annexed inter
est coupons as they sever ally be
| come due. Both principal and inter
est of this bond are hereby made pa.
able at the office of the city Treasur
er, in the City of Grand Rapids, Wis
consin-
This bond is one of series OF
Ten of like tenor. except maturity,
issued for the purpose of purchas.
ing and installing an Engine for
pumping purposes, in the City OF
Grand Rapids, Wisconsin, under the
authority of Section 925-133 of the
Wisconsin Statutes of 1898, with
Acts Amendatory thereof, and Supple
mentary thereto, and of an Ordinanc,
duly passed by the Common Council
4 of said City of Grand Rapids.
| 1t is hereby cretified and recited
that all acts, conditions and things
required to be done precedent tc
and in the issuing of this bond have
been done, happened and been per
formed in regular and due form as
required by law; that direct annual
tax has been duly levied upon all tbs
taxable property, in the City of Grand
Rapids, Wisconsin, sufficient to pay
the principal and interest of this bond
as they seveTally become due; and
that the total indebtedness of said
City, including this bond does not
exceed the statutory or constitutional
limitations.
IN TESTIMONY, WHEREOF, The
! Common Council of the City OF
Grand Rapids, Wisconsin, has caus-
ed this bond to be signed by the Ma,
or. attested by the City Clerk with
the Corporate Seal hereto affixed
and has caused the annexed inter.
est coupons to be executed with the
fac-simile signatures of said officers
this 18th day of December, 19-.
Attest: