The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1915-08-12
UNITED STATES OF AMERICA
STATE OF WISCONSIN
COUNTY OF BAYFIELD,
CITY OF WASHBURN

FUNDING BOND.
KNOW ALL MEN BY THESE PRE-
SENTS. that the City of Washburn, in
the County of Bayfield,. State OF Wiscon-
sin, acknowledges itself indebted and tor
value received promises to pay to bearer
FIVE HUNDRED AND FIFTY DOLLARS
IN LAWFUL MONEY OF THE United
States of America. cen yssrs from the date
hereof. at the Norshsrn State Bank. in the
city of Washburn. Wisconsin. with inter-
est thereon until paid At the rate Of 1--we
per cent per annum payable semi-annual-
ly ON the first day of May and November
in each year. at the same place. upon
presentation and surrender Of the annexed
coupons a. they ssvsrally become due.
This bond 10 issusd by ths Common
Council of the .sid city Of Wsshburn. for
the purpose Of paying a like amount OF
the valid unpaid judgment indebtedness
against said city Of Washburn. and under.
by virtue of and in full compliance with
and conformity to the provisions OF Chap
ter 3ll of the laws of Wisconsin for the
wear 1905, which chapter 10 entitled AN
act amending section 923-t33 OF the
statutes of 1898 a. subsequently amended.
for the funding and refsndins OF city
debt." approved, June 9TH. 1905. and pub
I.hed June 7th. 1905. and under and
pursuant to and in al respects in full
conformity to the provisions ct an ord'n'
ance duly adopted by vote in favsr thereof
bv more than thrss.fourths OF all the
rn.mber. of the said council elect: said
vote having been taken at regular meet
ing thes cot more than enc week after the
proposed ordinance had been duly pub
lished in the official paper OF said city on
of---l9lo.
and is in all respects in conformity to the
provisions Of said chapter 81 Of the laws
of Wisconsin for the year 1908. which
said ordinance duly provides for the
funding Of said judgment indebtedness
the issuance Of this bend and also pro-
vides for the Ssllseaien Of direct annual
tax sufficient to pay The interest sAsreon as
it falls dueand to pay and discharge the
principal thereof at maturity.
1t i. hereby certified and rscited that
all the requirements Of law have been
fully complied with by ths proper
officers in the issxink Of this boAd, and
that it is duly and legally authorized
and issued.
1t is further certified and rscited that
all acts, conditions and thinss required
by the laws and constitation of the
State of Wisconsin to be done precedent
to and in the issuance Of this bond have
been properly done. have happened and
been performed in rekular and due form
and time as repaired by law, and that
the total indebtedness of said city OF
washburn, Including this bond, does
not exceed any constitutional or statu-
tory limitation.
For the prompt payment of both the
principal and interest hereof the faith
and credit of said City Of Washburn are
hereby irrevocably pledged.
IN TESTIMONY WHEREOF, the
said City of Washburn, in the County of
Bayfield,, in the State Of Wisconsin, has
caused this bond to be signed by the
Mayor and City Clerk of said City. and
the corporate seal of said city to be
affixed this. ....... day of. ...........
1915.
(SeaD ACKNOWLEDGEMENTS.
Mayor.
City Clerk.