Charlevoix county herald., 1913-06-28
Commission Proceedings.

Adjourned meeting OF the CITY Com
mission held June "a, 1919. Meeting
was called TO order by Mayor protein
Hudson at the City Hall and adjour-
ned to the City Attorneys office.
Minutes of last meeting were not
read.
Moved by Hudson, supported by
Kenny that the application OF E. l..
Burdick for permission to build a ce-
ment walk on the north side of the
east of Lot Block IL be accepted
and permission granted.
The City Commission haying under
consideration the matter Of paving
Esterly street from line running
north aud south ten feet west OF
the west line Of Main street, TO the
Fast Jordan g. Southern Railroad
tracks, Commissioners Hudson offered
the following resolution and moved its
adoption. Seconded by Commissioners
Kenny.
Resolved, That it Is the intention Of
this Commission TO issue bonds of the
City Of East Jordan In the sum OF six
hundred twenty seven dollars and fifty
nine cents 1927 .59) the same being
the amount to be raised by the CITY OF
East Jordan for the payment thereof.
Said bonds shall draw interest at the
rate OF six per cent per annum, pay
able semi mi.annually from and after the
first dav of August, A. ID. 1913. The
denominations OF said bonds may be
made in sums of one hundred dollars
upwards, to suit purchasers. The
principal shall be payable az follows;
One hundred (lOU dollars shall be
payable August lst 1914,
One hundred 1OO) dollars shall be
payable August lst 1915,
One hundred (l00) dollars shall be
payable August lst, 1916.
One hundred (l00) dollars shall be
payable August lst, 1917.
One hundred (l00) dollars shall be
payable August lst. 1918 aud
One hundred twenty-seven dollars
and hfty-nine ceuts 1927 .59) shall be
payable August 1st. 1919.
IL Is also the intention OF this Com.
mission to issue the bonds OF said
City in the sum OF seven hundred
eighty SIX dollars and twenty cents
1876. 20) the same being the amount OF
the cost OF said paving to be raised by
special assessment upon Paving Dis
trict No. 3 OF said City. said bonds u
bear interest at the rate OF six pei
cent per aunum, payable semi-annusl
ly pledging the full faith and credit
of said city for the payment Of sale
bonds out Of the deferred payment o.
the assessment levied upon said Pay
ing District No. OF said City Of Eas
Jordan. Said bonds shall be divided
into four (4) parts, equal in amounts
and running one, two, three and fou
years, respectfully, from the first day
of August, A. d. 1913. and all pay
ments made on the deferred install
ments OF the assessment OF said Paw
ing District No 3, Of said citv. shal
be paid into and constitute a sinking
fund for the payment of said bonds a
maturity. And the Mayor and Clerl
Of this Commission are hereby author
ized to prepare and execute said bond
according TO the foregoing terms
when the same shall have been solC
after public uotice given. All bond
will be made payable at such place a
the purchaser may elect.
Further resolved, That the Cit
Clerk cause notice TO be given Of tn
issuing OF said bonds, by publication
OF such notice 10 the East Jordan En-
terprise and the Charlevoix Count
Herald, and that bids for sain bond
will be received by this Commissio
until eight O'Clock p. III. OF the tent
day Of July. A. ID. 1913, and that thi
Commission reserve the right to rejec
any and all bids. Sealed bios may
filed with the City Clerk and shall b
accompanied by certified check fC
live per cent of the proposal.
Adopted by the City Commission {
the city of East Jordan on the twent
fourth day OF June, A. d. 1913, by a
aye and nay vote as follows;
Ayes, Hudson, Kenny.
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