The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1912-02-16
ORDINANCE NO. No

I1NlAil
THE CITY OF MOBRlDGE,
SOUTH DAKOTA, IN THE
AMOUNT OF 5000, FOR
THE PURPOSE OF CON
STRUCTING A CITY HALL
AND JAIL IN FOR THE SAID
CITY, PRESCRIBING THE
FORM OF SAID BONDS AND
PROVIDEiG For THE LEVY
OF AN ANNUAL TAN TO
PAY THE INTEREST THERE
on AND THE PRINCIPAL
THEREOF WHEN DUE.
Whereas, At the special election
duly and legally called and held on
the 10th day Of January, l9l2.
more than a majority of the quail
fed voters Of the City Of Mobrldge,
South Dakota, east their ballots IN
favor of the issuance Of bonds OF
said city in the amount OF $1,000
for the purpose of building City
Hall and City JAIL in and for the
said city; and
Whereas, said bonds have been
duly advertised for sale and sold to
Bolger. Mosser 4 WiUaman, OF
Chicago. Illinois, at a price not
less than the par value thereof and
accrued interest; now, therefore,
Be it Ordained by the City Coun-
ell of the City of Mobridge, South
Dakota:
Section /. That for the purpose
Of building a City Hall and City
Jail. in and for the City Of Mo
bridge, there shall be and there
are hereby ordered and directed to
be issued the negotiable coupon
bonds of said city in the amount
Of 1900. Said bonds shall each
be designated City Hall and Jail
Bond" shall be of denomination
of $500 each, and numbered one
to six inclusive; shall be dated
January 2nd, 1912, and shall ma
ture and become payable as follows;
Bond No. ! on January LIST,
1916.
Bond No. 2 on January LIST,
1917.
Bond No, 3 on January lst,
1918.
Bond No. 4 on January lst,
1919.
Bond No. 5 on January 1st,
1920.
Bond No. 6 on January lst,
1921.
Said bonds shall bear interest at
the rate of five per centum per an
mum, payable annually on the first
day of January. Both ~prilcipal
and interest Of said bonds shall be
made payable in lawful money of
the United States of America, at
the banking house of the Central
Trust Company of Illinois, in the
City of Chicago, Illinois.
Section 3. The said bonds and
coupons shall be substantially in
the following forms, to wit:
UNITED STATES OF AMERICA
STATE OF SOUTH DAKOTA
COUNTY OF
CITY OF MOBRIDGE
CITY HALL AND JAIL BOND.
No.. $500.
Know All Men by These Pres
ents, that the City of Mobridge, in
the County of Walworth, and
State Of South Dakota, acknow-
lodges itself to owe and for value
received hereby promises to pay
the bearer hereof the sum of $500
on the first day of January, 49,. -,
together with interest thereon from
the date hereof until paid, at the
rate of five per ceatum per annum,
payable annually on the first day
of January each year, on the pres
entation and surrender of the an.
nexed interest coupons as they
severally become due; both prin-
cipal and interest payable in law
full money of the United States of
America, at the Central Trust
Company Of Illinois, in the City of
Chicago, Illinois. For the prompt
payment Of the principal and in
terest of this bond as they respect
lively become due, the full faith,
credit and resources of said City of
Mobridge are hereby irrevocably
pledged.
This bond is issued by the said
City Of Mobridge for the purpose
of building a City Hall and City
Jail in and for the said city, pur-
suant to the favorable vote Of more
than a majority of the electors of