The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1914-01-03

by Osterberg who moved its adoption.
Seconded by Nelson.
Whereas ct regular meeting OF the
council of the city of Crystal Falls.
held on thu ninth day Of October. A.
D. 1919. resolution was adopted in
relation to the action of the council.
lin borrowing forty thousand t$40. 000l
d a and issuing bonds Of the said
city thereof. for erecting a city hall
and lire. department building and
acquiring grounds therefor and,fxing
the form of said bonds. the rsH OF in
terest. and the maturity data thereof.
and
Whereas. said bond resolution did
not specify particular fund from which
said bonds were 10 be paid on matur-
ity, and
Whereas. il is deemed expedient by
said council. that the dates of the in
terest payment of said bond shall be-
changed and varied. and that par
ticular fund shall be designated from
which said bonds shall be payable at
maturity. Therefor be IL.
Resolved. that said resolution of
September ninth, 1918 aforesaid, be
and the same Is herebv repealed, vac
Gated and Get aside. and in lieu thetef
of. the following resolution be adopted
Whereas. At a Special Election
4 hnl n fnw hA al ~ nf a&al
Falls Michigan, on Monday. the four
tn day of March. A. d. 1912, the pro-
position TO raise by loan forty thous-
and dollars and issue bonds of said city
therefor for erecting city hall and
fire department building and Acquire
ing grounds therefor was duly and
regularly submitted TO the vote of the
qualified electors of said city:
And Whereas all acts. conditions
and things required to be done. happen
or be performed, precedent to and in
borrowing the said forty Thousand dol.
lars and issuing bonds of said city
therefor, as hereinafter provided. have
been done have happened and been
performed
And Whereas, at said election. more
than two-thirds of the said qualified
electors voting at said election by
ballot decided in favor OF said propo-
sition
Resolved by the council Of said city
: that said sum OF forty thousand dollars
be forthwith borrowed on the credit OF
said city, and that forty bonds OF said
city be issued therefor, for the pur.
! pose aforesaid, as follows Said bonds
shall be OF the denomination of one
thousand dollars eacha mali be dated
the First day of SApfember, A. ID.
1913, shall bear interest at the rate Of
five per centum per annuni. payable
semi-annually on the first day of
March and the first day of September
} i'm each year. according to coupons to
be attached 10 said bonds. shall lie
payable as to both principal and inter
est. out of the general fund OF said
city, and shall be- payable at the Office
of the city Treasurer of said city and
shall mature as follows Two afore-
: said bonds on the first day of Septem.
. Der, A. d. 1915, aud like amount ON
the first day OF September each year
! thereafter until said total SUN he
. fully paid Said bonds shall be in the
lawful form of q binding, snbsisting
!, obligation of said city. for the prompt
payment of both principal and inter
~, 90 y Inch ~ ,oepoD,,N~ times
! of maturity hereinbefore provided the
full faith. credit and resources of said
city shall in said bonds declared Ia
be irrsvocably pledged, and said bonds
and the interest coupons to be attached
; thereto. as hereinbefore provided.
shall be signed by the mayor of said
city and countersigped by the city
clerk thereof and sealA with the cor
porate seal Of saht efty.
Resolved furthaf that the fac-simile
signatures Of the mayor Of said city
and the city clerk are hereby author
iEed TO be fixed to the interest coupons
attached to the said bonds herein pro-
vided for.
Ayes, M. J. Shields, sam Ronback.
A. M. Nelson. viano osterberg and J.
j. Gaffney.
Resolution Adopted.
Moved by visno- Osterberg and Sc C.
onded by NJ. J. Shields that the fol-
lowing claims filed with the City
Clerk for taxes be rejected Ely Miller,
d. NJ. Ross Il Co A. Mendelson. Tho4
Wills. J. X. Flood. Crystal Fall4
Lumber Go. The John Tufts %,
Ruwitch a. Go. Herman RuwitcH. M.
Cannon 81 Son, John X. Stolberg.
Crytsal Falls Cooperative Society,
Mike Grafton. Crystal Fails Hdwe.