River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1917-03-15
CITY ORDINANCE NUMBER "A

+. V. Williams, City CLERK.
CITY ORDINANCE NUMBER "A
An Ordinance providing for the Issue of
bonds of the City of River Falls, Wis
cOnsin, for the purpose of raising InOEcy
for paving streets in said City, AM for
the installation and construction OF wat
err mains, electric lighting works, main
sewers, and sewer disposal works in CON
nectiOn with said paving, fixing the form
of such bonds, levying tax to pay the
interest and principal thereof, directing
the execution and delivery of said bonds,
and repeating inconsistent Ordinances.
The Common Council of the City of River
Falls Counties of Pierce and st. CrOiX,
State of Wisconsin, do ordain as follows
SECTION /. That the City of River
Falls, Wisconsin, duly issue it's coupon
bonds in the aggregate amount of Forty
five Thousand Dollars ($45,O0O), for the
purpose of raising money for paving
streets in said City and for the installa-
ton and construction of water mains, cleo
trio lighting works, main sewers, and sew
er disposal works in connection with said
paving under authority conferred on it
by Section 942, Wisconsin Statutes, 1915,
and any acts amendatory thereof and
supplemental thereto. That said bonds
shall be known Public improvement
Bonds, be forty-tive (45) in number, num-
bered from one Q) to forty-fve (45l in
elusive be dated April Is, 1917, be of de-
nomination of one thousand dollars
($1 ,000) each, bear interest at the rate of
able semi annually OH August first and
February first in each year, and be pay
able as to principal as follows:
Bonds numbered l. and on February
their number on February first of each
year thereafter up to and including Febru-
airy 1, 1882.
That said bonds shall have interest cou-
q
payment of the interest thereon at the rate
and times herinbefOre specified. That the
coupons evidencing the interest due Aug
ust 1, 1917, be for the sum of 1912, being
the amount due at said rate for the period
from April 16, 1917, to August 1, 1917, and
that the remaining coupons be for the in
tereSt for the period of six months.
That each of said bonds be payable in
lawful money of the United States of
America, at the Office of the City Treasurer
of said City.
SECTION ? That said bonds shall be
substantially in the following form, with
the necessary variations as to numbers and
maturitieS which said form is hereby ap-
proved and adopted:
STATE OF WISCONSIN
City of River Falls.
PUBLIC IMPROVEMENT BOND
Know All Men BY These Presents, That
the City of River Falls, Pierce and st.
itself indebted, and for value received,
promises to pay to bearer
One Thousand Dollars
($1O0O00), lawful money of the United
states of America on the First day of Feb
ruary, A. d. 10. -, with interest from date
until paid at the rate of four and one-haf
per cent per annum, payable Semi-annually
on the first days of August and February
in each year, on presentation and surrender
Of the annexed interest coupons, both prin-
cipal and interest being payable, at the
office of the City Treasurer of said City.
This bond is one of the series Of bonds
aggregating the sum of Forty-fve ThouS-
and Dollars ($45,00O), of like date and
tenor, but differing as to maturitles, which
raising money for paving streets in said
City, and for the installation and conStruc
ton of water mains. electric lighting
works, main sewers, and sewer disposal
works in connection with said paving und-
er authority of and in strict accordance
with the provisions of Section 942, Wis
consin Statutes, 1915, and any acts amend
atOry thereof and supplemental thereto.
1t is hereby certified, rGcitcI and dc. Ia red
that the total Indebtedness of said City,
including this bond does not exceed any
constitutional or statutory limit, and that
prior to the issuance and delivery of this
bond the Common Council of said City has
provided for the collection of a direct an
nual tax upon all the taxable property in
said City, in addition to all other taxes,
sufficient to pay the interest upon said
bonds as it falls due, and also to pay and
discharge the principal thereof as it ma
lures and that all acts, conditions and
things required to be and to be done pre-
cedent to and in the issuance of this bond,
have been properly done. happened and
been performed in regular and due form
and time as required by the constitution
and laws of the State of Wisconsin.
The full faith. credit and resources of
said City are hereby irrevOcably pledged
for the punctual payment of the principal
and interest of this bond at maturity.
In Witness Whereof the said City of
River Falls. Wisconsin, has executed this
bond by causing it's Mayor and City Clerk
to sign their names and affiX the Seal of
said City thereto this 10th day of April,
A. d. 1917.
Mayor
OBSERVATION-DISCLOSURES.
! (SEAL City Clerk.
That the coupons attached to said bonds
shall be in substantially the following
form:
| No.... $.
The City of River Falls, Wisconsin, will
C ts at t the Office Of the CITY Tr plsuTs
err of said City on the First day of August,
| February,
4. D. 10. being the interest then due
on its Public Improvement Bond, dated
Mayor.
|
! City Clerk
| SECTION g. That to provide for the
payment of the principal of said bonds
and the interest thereof, as the same may
| become due, a direct annual tax is hereby
| levied upon all the taxable property in
| said City in addition to@all other taxes,
sufficient to pay, when due, the interest
annually to grow due upon said bonds. and
also TO pay and discharge the principal
| thereof by the time the same shall become
| due.
| SECTION 4. That said bonds and the
| coupons thereto attached shall be signed
by the Mayor and by the City Clerk, and
] the Seal of said City shall be affixed by