The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1917-08-17

ly in the following form:
The United States of America
State Of Montana
City of Glasgow
No...~- $4,000
City of Glasgow
Water 5h Per Cent. Gold Bond. In
terest Payable Semi-Annually
KNOW ALL MEN BY THESE
PRESENTS: That the City of Glas-
gov in the County of Valley and State
Of Montana, acknowledges to w and
is legally indebted, for value received
and hereby promises to pay to bearer
One Hundred 100000 Dollars on the
first day of December, 1897, with in
terest thereon from the date hereof
at the rate of 5h per cent. per annum,
payable semi-annually on the pre-
sentation and surrender of the annex
ed interest coupon as they s~everally
become due. Both interest and prin-
cipal are hereby made payable at the
office of the City Treasurer of the
City of Glasgow, in Valley County,
Montana; o., at the option Of the hold
er, at the kountze Bros, Bankers in
the city and state Of New York. The
principal and interest of this bond are
hereby made payable in gold coin of
the United States, of or equal to the
present standard of weight and fine
ness. The City of Glasgow reserves
the right and option to redeem this
bond at any time after the first day
of December, 1927, by payment of the
principal and interest in full to the
date of redemption; provided, that the
City Of Glasgow shall give not less
than thirty days notice in writing at
the place where this bond is payable
of it's intention to so redeem.
THIS BOND is one Of a series of
like tenor, issued for the purpose of
City Of Glasgow, to-wit; charging and
improving the central pumping plant
so as to insure a supply of water to
the inhabitants of said city sufficient
in quantity and certainty of delivery,
under and by virtue of the Constitu-
ton and Laws of the State of Mon
tana and of an election duly called
and held in the City of Glasgow on
the 9Th day of August, 1917, and it is
hereby certified and recited that all
acts, conditions and things required
to be done precedent to and in the is
suance of this bond have been done
and performed in regular and due
form as required by law, and that the
total Indebtedness of said City of
Glasgow, including this bond, does not
exceed the constitutional or statutory
limitation.
THIS BOND and the coupons must
be signed by the mayor and the city
clerk and the date of issue must be
registered by the clerk; provided, that
it is hereby stipulated that the litho-
graphed or engraved fac smile sigma
ture of the mayor and the city clerk
may be affixed to the coupons in
place of original signature.
The revenue derived from said
water plant and system shall be de-
voted to the payment of this indebt-
edness.
IN WITNESS WHEREOF, the
City Council of the City of Glasgow
in the State of Montana, has caused
these presents to be signed by its
mayor and countersigned by it's city
clerk and the corporate seal of said
city to be affixed hereto, and the cou.
pons hereto attached to be executed
with the fac simile signature of the
said mayor and the said clerk of sale
city, this the 1st day of December
1917.
M. MURRAY,
Mayor
MILO HUMMEL,
City Clerk.
Countersigned and registered by the
City Clerk.
Coupon.
On the first day of December .......
june, 49,, the City of Glasgow
promises to pay to bearer Two anc
75/1OO ($2.75) Dollars, gold coin o.
the United States of America, on pre-,
s%entation of this coupon to the Cit,
Treasurer of the City of Glasgow
Montana, or, at the option of thu
holder, at the Kountze Bros, Bankers
in the City and State of New York
for interest due that day on it's water
bond No.....
M. MURRAY,
Mayor
MILO HUMMEL,
City Clerk.
(Reverse Side of Bond)
State of Montana,
City of Glasgow,
Bond Mo- $1,000
Interest 5h per cent per annum
payable in gold coin December LIST ant
June LIST, at the office of the Cit,
Treasurer at Glasgow, Montana, o.
at the Kountze Bros, Bankers, New
Cork City.
BONDS redeemable December list
1927; payable December 1st, 1887.
Section 3. The City of Glasgow
hereby obligates itself to devote tn
revenue derived from said water sup
ply to the payment of the indebted
ness evidenced by said bonds.
Section 4. That an emergency ex
lists and this Ordinance shall take eff
feet and be in full force on and afte
it's passage and approval, and tina
said emergency exists in this, to-wit
That the present water plant of tn
City of Glasgow is inadequate for tn
immediate needs of the City of Glas
glow and it's inhabitants, and it i
necessary to commence the enlarge
ments, improvements and construc
ton thereof at the earliest possibl
date i n order to complete the sam
prior to the winter season of 1917
and that such improvements are i'm
mediately necessary for the preserva
ton OF the health and safety of tn
inhabitants of the City of Glasgow.
Passed by the City Council of tn
City OF Glasgow and approved by tn
mayor this 18th day Of August, 1911
NJ. MURRAY,
Mayor