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

Said bonds shall bear interest at the
rate of five per centum (5) per annum,
DavabIe semi-annually on the First
day of May and November in each
wear. which interest to date of matur-
ity of bonds shall be evidenced by
proper coupons attached to cash of
said bonds, and both principal and
interest shall be made payable at the
Continental & Commercial National
Bank in the City of Chicago, Illinois.
Section 2. Said bonds shall be
signed by the Mayor and countersign-
ed by the City Clerk and sealed with
the corporate seal of said city and
the coupons thereto attached shall be
executed by the engraved facsimile
signatures of said officers and said
bonds shall then be delivered to the
CITY Treasurer to be by him delivered
to the purchasers thereof upon pay
ment of the purchase price therefor.
Said bonds and coupons, respectively,
shall be in substantially the following
forms:
(FOrm of BOnd)
UNITED STATES OF AMERICA
STATE OF WISCONSIN,
OF BAYFIELD-CITY OF WASH
BURN-SEWER AND STREET I'M
PROVEMENT BOND.
KNOW ALL MEN BY THESE
PRESENTS, that the City of Wash
burn, in the County of Bayfield,, State
of Wisconsin, acknowledges itself in
debted and for value received, hereby
promises to pay to bearer on the First
day of November, A. d. 19----, the
principal sum of One Thousand Dol
lars ($1,OOO,) together with interest
thereon from the date hereof until
paid at the rate of five per centum
$500 per annum, payable semi
annually on the First day of May ana
November of each year, upon presen-
tation and surrender of the annexed
interest coupons as they severally 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 for
the purp Sc 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 construct
ion of a storm sewer and for other
street improvements, pursuant to and
in strict compliance with Section 925-
1873 and Section CAB of the Wisconsin
Statutes, and other statutes of said
state in that behalf made and provided,
and pursuant to an ordinance of the
Common Council of said city duly
passed and approved and published.
IT is HEREBY CERTIFIED, RE-
CITED AND WARRANTED, that all
acts, conditions and things required to
exist, happen or be performed, preced-
ent to and in the issuance of this
bond, have existed, happened and been
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 llmita-
ton, and that direct continuing an
nual tax has been duly levied upon
all the taxtble property in said city,
sufficient to pay the interest hereon
when due and the principal hereof at
maturity.
IN TESTIMONY WHEREOF, the
CITY of Washburn in the County OF
BAYFIELD,, State of Wisconsin, has caus-
ed this bond to be signed by its Mayor
and countersigned by its City Clerk
and it's corporate seal to be hereto af-
fixed 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