St. Johns review. (Saint Johns, Or.) 1904-current, 1912-08-09
ORDINANCE NO. 407
An Ordinance Adopting and
Prescribing the Form in
Which Improvement Bonds
of the City of st. Johns
Shall be Executed.

The city Of St. Johns does orlain as fol-
lows:
Section T. That all improvement bonds
to be hereafter issued by the city of St.
Johns shall be in tho form and shall con-
tain reoitals substantially as follows.
United States Of America
State Of Oregon
County Of Multnomsh
Number tAmounD Dollars
City Of st. Johns
Improvement Bonds
Know All Men By These Presents. That
the city OF ST. Johns. in the county ol
Mulhomah. State OF Oregon. for value
received hereby acknowledges itself in
debted TO and promises to pay the bear
er the sum OF
(Amount) -Dollsrs
in gold coin Of the United States OF
America on the e..... day of.....A.
y. ~ , without grace. with interest there
on from the date hereof until tile princi-
pal sum shall be redeemed at the rate ot
ak per cent per annum, payable semi-
annually in like gold coin on the. day
of..... and the .... day OF ........ OF
each year. as evidenced by and upon tho
surrender OF the annexed coupons, as
they sevcrally become due, provided that
this bond and others of the same series
arc redcemablc in their numerical order
commencing with No. I, at the option OF
city OF St. Johns. at any interest paying
period at OF alict ono year from the date
hereof, by publishing notice OF such re-
dempiion in newspaper published and
A.. AN..tN. 1.
county Oregon, for NJ least sixty days pfi-
or thereto. and by mailing copy OF such
notice To- (namc Of purchaser Of issue or
parts Of issuc) Both principal and inter
est PAYABLE at the office oi tho treasurer
OF the city Of ST. Johns, Oregon, OF at the
Fiscal agency OF the state oi Oregon in the
city and state Of New Notk at the option
OF the holder hereof.
This bond IL ono Of a series Of bonds Of
like date and tenor issued by the city ul
ST. Johns. under authority OF and in full
compliance with the charter ol the city
Of St Johns and amendments thereto, and
the laws and constitution OF the State ui
Oregon and In pursuance Of resolutions
and ordinances ol said city duly passed.
approved. recorded. authenticated anil
published ~ required by law. for the pufs
pose OF procuring the necessary means to
pay the cost and expense Of improving
streets aud laying ol sewers and is an obi.
CATION oi tho city Of ST. Johns aforesaid
aud the faith and credit Of said city and
al the real and personal property therein
arc hereby pledged for the prompt pay
ment Of this bond aud interest ni maturity.
And Il a hereby declared and certified
that all acts. conditions and things nee.
cssary 10 bc done and 10 exist precedent
To and IN the issuance Of this bond have
been done, happened and performed anil
do exist IN regular and due time and form
40 required by the laws and constitution
oi the state ol Oregon, and that this bond
does not exceed the statutory Limitation.
In Witness Whrcoi, the city OF 81. Johns
by ils council has caused this bond 60 bc
sigucd by its mayor and oountcfsignod by
hs recorder. and In corporate seal To bo
hereunto aihSvd and the interest coupons
hereto attached e. bc signed by IL mayor
and recorder and this bond 10 be dated
the day OF .. .....,.tA ID, ",
sst.rrt,,,s,..t.rr .rrt.tt,f MaNof
Counteuigncd ....,,,. ,.,.t,,.. .,,..
City Recorder
Section 2. That interest coupons shall
be- attached to said bouds executed by
signature. lac simir signature or by liho-
gnphed fac simile signature ui the mayor
aud drecorderwhioh shall be In substantially
the following form
No.. 3 (AmounO
On the day Of .......... ~ the
city Of ST. Johns. State Of Oregon. will pay
the bearer q Amount at the office Of the
city treasurer Of 81 johns, Oregon. OF at
the Fiscal agency Of the state Of Oregon,
in the city and state Of New York at the
option OF the hollct, being sN months
lnirIrsI Ihrn dino ON Ma lmnInNrmrnI