The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1916-11-30

said bonds on November 1st, 1886.
SAID bonds shall bear interest at
the rate of four and one-half per
centum (41a) per annum, payable
semi-annually on the First day of
May and First day of November
OF each year, which interest to
date of maturity of the bonds shall
be evidenced by proper coupons at
tached to each of said bonds, and both
principal and interest shall be made
payable at the Continental & CONNER
cial National Bank in the City of
Chicago, Illinois.
Section 2. Said bonds shall be sign
ed by the Mayor and countersigned
by the City Clerk and sealed with the
corporate seal of said city, and the
coupons thereto attached, shall be exc
cuted by the engraved facsimile sigma
ture of said officers, and said bonds
shall then be delivered to the City
Treasurer to be by him delivered to the
purchasers thereof on payment of the
purchase price thereof. Said bonds
and coupons, respectively, shall be in
substantially the following forms:
(FOrm of BOnO
UNITED STATES OF AMERICA
STATE OF WISCONSIN IN COUNTY
OF BAYFIELD-CITY OF WASH
BURN-STREET IMPROVEMENT
BOND.
No. ----
KNOW ALL MEN BY THESE PRES
ENTS, That the City of Washburn, il
the County of Bayfield,, State of Wis.
consin, acknowledges itself indebted
and for value received, hereby promis.
es to pay to bearer on the First day
of November, A. D. ID, the prin-
cipal sum of Five Hundred Dollars
| ($5OO.O0), together with interest there
on from the date hereof until paid al
the rate of four and one-half per cent
UNI (41a) per annum, payable semi
annually on the First day of May and
November OF each year, upon presen-
tatiOn and surrender of the annexed
interest coupons as they severaIly be-
come due; both principal and interest
payable in lawful money of the United
States of America at the Continental
and Commercial National Bank in the
City of Chicago, Illinois.
This Bond is issued by the Common
Council of the City of Washburn fol
the purpose of paying the amount de.
termined by the Common Council Of
said city to be paid by the City Of
Washburn at large for the construc.
ton OF street improvements in sale
city, pursuant to and in strict com.
pliance with Section 925-133 and Sec
ton 943 of the Wisconsin Statutes
and other statutes of said state in
that behalf made and provided, ant
pursuant to an ordinance of the Com
mon Council of said City duly passed
and approved and published.
1T is HEREBY CERTIFIED, RE
CITED AND WARRANTED, that al
acts, conditions and things required tt
exist, happen or be performed, proceed
ent to and in the issuance of this
bond, have existed, happened and beer
performed in regular and due form
time and manner, as required by law
that the total Indebtedness of said city
including this bond, does not exceed
any constitutional or statutory limita
ton, and that direct continuing an.
nual tax has been duly levied upon al
the taxable property in said city, suffi.
clent to pay the interest hereOn Wher
due and the principal hereof at mat.
urity.
IN TESTIMONY WHEREOF, the
City of Washburn in the County OF
Bayfield,, State of Wisconsin has caus.
ed this bond to be signed by it's Mayor
and countersigned by it's City Clerk
and it's corporate seal to be hereto
Affixed and has caused the annexed in
terest coupons to be executed with the
engraved facsimile signatures of said
officials and this bond to be dated
this First day of November, A. d. 1916
/ MouOr