The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1912-01-06
Council Proceedings.
OFFICIAL.

At meeting of the Common Council
of the village of L'Anse, held in the
council room on the 22nd day of De-
cember, A. D. 1911. there were present
John o. Maxey, president, Trustees
Rambaud, Sanregret, O'Connor, Self
ert, Sicotte and Seavoy.
On motion of Rambaud and support
ed by Sanregret, the following resolu-
ton was unanimously adopted by yea
and-nay vote, all of the members vot-
ing in favor thereof.
An ordinance providing for the issu-
ance Of waterworks bonds Of the vii
laSe of L'Anse. Michigan, In the
amount Of four thousand dollars
($4, ,OOO).
Whereas, pursuant to and in full
compliance with the provisions of the
Constitution and Laws of the State Of
Michigan, particularly the require
ments of Act No. 3 of the Laws of
1895, entitled can Act to Provide for
the Incorporation of Villages Within
the State of Michigan, and Defining
Their Powers and Duties, the council
of the village of L'Anse heretofore
duly caused an estimate to be made Of
the amount required to extend the con-
struction of the waterworks system Of
said village, and it was duly determined
by the council that the amount re-
quired for such purpose shall be Four
Thousand Dollars; and
Whereas, the Council also thereupon
caused to be submitted to the electors
of said village at q special election
called for that purpose, the question Of
raising said amount for said purpose by
the issuance of bonds of the Village in
the sum of Four Thousand Dollars
! ($4, 4,0OO) and said proposition was duly
approved and determined by the favor
able vote of more than two-thirds of
the electors of said village voting by
ballot at such election; and
Whereas, said bonds have been duly
advertised for sale and sold to the Han
chett Bond Company, of Chicago, ILL
nois, at price in excess of the par
value thereof, said company being the
highest and best bidder for said bonds
Now, The Village of L'Anse, Michi-
gan, ordains:
Section /. That for the purpose OF
raising the funds necessary for extend
ing the construction of the waterworks
system of said village, there shall be
and there are hereby ordered and di.
rected to be issued negotiable coupon
bonds of said village of L'Anse in the
aggregate amount of Four Thousand
Dollars (s4,O0O). Said bonds shall be
known and designated as "Waterworks
Bonds, shall be of the denomination
of $500 each, and numbered one te
eight Q-8 inclusive, be dated Decem.
Der /, 1911, and shall mature and be-
come payable respectively as follows
Bond No. on December /, 1922, and
one bond of the next succeeding mum.
Der on December Of each year there,
after. up to and including the yeaI
1929. Said bonds shall each bear inter.
est at the rate Of six per centum (6 pen
centum) per annum, payable semi-an.
nually on the frat day Of June and Of
December In each year, and shall have
coupons attached to represent each In
stallment Of interest. Both principal
and interest Of said bonds shall be pay
able IN lawful money of the Unitet
States Of America, at the Baraga Coun'
ty National Bank, in the village oi
L'Anse. State Of Michigan.
| Section 2 That said bonds and cou
pons thereto attached, with the neces.