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

December, 1917, and payable twenty
(2O) years thereafter, and reserving
to the said City of Glasgow the option
to pay and redeem said bonds after
ten years from the date thereof, which
said bonds to bear interest evidenced
by coupons attached thereto, at the
rate of not to exceed six per centum
per annum, to-wit: at the rate of five
and one-half (5k) per centum per
annum payable semi-annually, and
both interest and principal of said
bonds shall be payable at the office
of the City Treasurer of the City Of
Glasgow, or, at the option of the
holder, at the Kountze Bros, Bankers,
New York City, State of New York;
the bonds and coupons attached must
be signed by the mayor and the City
Clerk of said City Of Glasgow, and
the date of issue must be registered
by the clerk; provided, that the litho-
graphic or engraved fac smile sigma
ture of the mayor and the city clerk
may be affixed to the coupon only,
when so recited in the bond.
Section 2. The bonds authorized
by this Ordinance shall be substantial
ly in the following form:
The United States Of America,
State of Montana
City Of Glasgow
City of Glasgow.
Sewer 5h per cent Gold Bond. Inter-
est Payable Semi-annually
KNOW ALL MEN BY THESE
PRESENTS: That the Cit yof Glas-
gov in the County of Valley and State
Of Montana, acknowledges to owe and
is legally indebted, for value received,
and hereby promises to pay to bearer
One Hundred ($1OO.OO) Dollars on the
first day of December, 1887, with in
terest thereon from the date hereof
at the rate of 5h per cent. per an
mum, payable semi-annually on the
presentation and surrender of the an
neXed interest coupon as they several
ly become due. Both interest and
principal are hereby made payable at
the office of the City Treasurer of
the City Of Glasgow, in Valley County,
Montana; or, at the option of the
holder, 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
fineness. The City of Glasgow reserv-
es 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 tc
the date of redemption; provided, that
the City of Glasgow shall give moi
less than thirty days notice in writing
at the place where this bond is pay.
able of it's intention to so redeem.
THIS BOND is one of a series OF
like tender, issued for the purpose OF
constructing a sewerage system fol
the City of Glasgow, to-wit: con
structing and installing a centra
sewerage pumping unit in order t.
prevent sewerage from backing up int
the easements and cellars in said cit!
during high water periods, under ant
by virtue of the Constitution ant
Laws of the State of Montana and o.
an election duly called and held in thu
City of Glasgow on the 9th day O
August, 1917, and it is hereby certi
fed and recited that all acts, condi
tions and things required to be dom
precedent to and in the issuance o.
this bond have been done and per
formed in regular and due form al
required by law, and that the total in
~debtedness of said City of Glasgow
including this bond, does not exceet
the constitutional or statutory limita
ton.