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

CITY OF MOBRlDGE, SOUTH
DAKOTA. IN THE AMOUNT
OF $1,000, FOR THE PCR'
POSE OF PROVIDING WA
TER FOR DOMESTIC USES,
) PRESCRIBING THE FORM
OF THE SAID BONDS AND
PROVIDING FOR THE LEVY
OF AN ANNUAL TAN TO
PAY THE INTEREST THERE
ON AND THE PRINCIPAL
THEREOF.
Whereas, at the election duly
and legally called and held on the
10th day of January. 1912, more
than a majority of the qualified
voters of the City Of Mobridge,
South Dako,a, cast Their ballots In
favor of the issuance of bonds of
said city in the sum of $1,000, for
the purpose of providing water
for domestic Uses in and for the
said city, and
Whereas, said bonds have been
duly advertised for sale and sold
to Bolger, Mosser & Willaman,
of Chicago, illinois, at a price not
less than the par value thereof
and accrued interest; now, there
fore,
Be it Ordained by the City Coun-
ell of the City of Mobiidge. South
Dakota:
Section l.. That for the purpose
of providing water for domestic
asses in and for the City of Mo-
bridge, there shall be and there
are hereby ordered and directed to
be issued negotiable coupon tonds
of the said city in the sum Of ST.
900; said bonds shall each be
designated Water Bonds; shall be
Of the denomination of $1,000,
and numbered | to 7 inclusive;
shall be dated January 2nd, 1912,
and shall mature and become pay
able as follows:
Bond No, /, on January lst,
1925.
Bond No. 2, on January LIST,
1926.
Bond No. 3, Oh January LIST,
1927.
Bond No. 4, on January LIST,
1928.
Bond No. ), on January LIST.
1929.
Bond No. 6, on January LIST,
1890.
Bond No. 7, on January LIST,
1891.
All of said bonds shall bear in
terest at the rate Of five per centum
per annum, payable annually on
the first day of January. Both
principal 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 IL.
linois, in the City of Chicago, IL
linois.
Section 2. That said bonds and
coupons shall be in substantially
the following forms, to-wit:
UNITED STATES OF AMERICA
STATE OF SOUTH DAKOTA
COUNTY OF WALWORTH
CITY OF MOBRIDGE
WATER BOND
No.. 1000,
Know All Men by These Pres.
ents, That the City of Mobridge,
in the County Of Walworth and
State of South Dakota, acknowl'
edges itself to owe. and for value
received hereby promises to pay tc
the bearer hereof the sum of One
Thousand Dollars on the First day
of January, l9..., together with
interest thereon from the date here,
of until paid, at the rate of five
per centum per annum, payable
annually on the First day Of JaLu-
airy each year, On the presentation
and surrender Of the annexed in.
terest coupons as they ~seyerally be-
come due; both principal and in
terest 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. For tht
prompt payment Of the principal
ard interest Of this bond as they
respectively become due, the full
faith, credit and resources of said
City of Mobridge are hereby ire
vocably pledged.
This bond is issued by the City
of Mobridge for the purpose OF
providing water for domestic uses
in said city, pursuant to the favor
able vote of more than a majority