Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1917-05-18

sued which shall be known as ''Wauwatosa
Sewer Bonds Seventh Series
Section 2. IL shall be the duty of the
/ City Clerk to forthwith procure ten C10]
forms of blanks OF sewer bonds, seventh Sc
ries. of one Thousand Dollars S1.ooOool
section ;. such bonds shall be numbered
beginning with number one "a and ending
with number ten G0t. They sshall bear date
on the 18TH dav Of June. 1sI7. aud shall be
payable in lawful money of the United
states of America, at the First National
Bank OF Wauwatosa, at Wauwatosa, Wis
| consn. follows:
Number ], March Is. 1875.
Number >, March IS 1913
Number 5, March IS 1920
Number 4, March Is, 1921.
Number 5, March Is 1922.
Number 8. March Is, 1928
Number T. March IS 1924.
Number s, March 5, 1925.
Number Q, March Is, 1926
Number 10, March Is, 1897.
Section = Said bonds shall bear interest
payable semi al rually the fifteenth day
Of March and September in each year. upon
| interest coupons which shall be attached
thereto for the payment of such semi annual
interest, the First National Bank of Wau-
watosa, in the City of Wauwatosa. Wiscon-
| sin.
Section 5. The form of said bonds shall
| he substantially as follows
| STATE OF WISCONSIN, Milwaukee County,
City of Wauwatosa.
Wauwatosa City Sewer Bonds, Seventh Sc
ries.
! No. ........ $1,000. 90
KNOW ALL MEN BY THESE PRES
ENTS That the City of Wauwatosa is justly
| indebted TO and wiz pay the bearer at the
/ First National Bank of Wauwatosa, in the
| City of. Wauwatosa, Wisconsin. One Thou
sand Dollars Sl,0OO00) in lawful money of
| the United States Of America, the 18th
| day of March in the year 9....., together
| With interest thereon at the rate of I'VE 80
| per cent per annum, payable semi-aunually
| on the fifteenth days of March and septem-
| her in each year upon the presentation of
| the annexed interest coupon therefor, for the
| payment of which sums, both principal and
| interest, the faith and credit of said City
| are inviolably and irreVocably pledged.
This bond is of a series of ten (l0)
| bonds Of one Thousand Dollars tS1. 1000. COZ
| each. issued for the purpose of borrowing
| money to 5e used IN payment of the CON
structioH ana installation of sanitary sewers
| in the said City of WauNatosa Wisconsin,
And ii is hereby reciteJ and certified that
! all the acts. conditions ard things required
| 10 he done and performed preceding the is
| sue of said bonds have been properly done
and performed IN due form as required by
| law; that the value of taxab Bile property in
| the City of Wauwatosa. Wisconsin, aecorf-
| ing to the last assessment for State an
County taxes is $4,915, 81 100. and that then
rs no existing Indebtedness of said City ex-
cepting for the sum of S1I9.500.0 90. principal
| due on water, sewer, school ana street inn
provement bonds heretofore issued. and the
| Indebtedness for the series Of public inn
proyement bonds Of which this is one
| And the said City of Wauwatosa, Wiscon-
! SIN hereby agrees ana covenants with the
/ holder of this bond not to become indebted
| ius any manner for any purpose, In the
| aggregate exceeding FIVE 90 per centum on
! tie value of the taxable property In said
/ City to be ascertained by the last assess
ment for state and county taxes previous to
the mourning of such indebtedness.
| IN WITNESS WHEREOF. this bond is
scaled with the corporate seal of said City.
signed by the Mayor and countersigned by
1 the City Clerk of said City, of the 18th
| day of June. 1917 and the interest coupons
al ned tn ha zfr he fF...f tffx-
| Clerk alone by his fac-simile signature.
| which said officers do by execution hereof
adopt as and for his signature. the fac
slmlle signature appearing on said coupons
all as of the date Of .....,.., 1917.
ACKNOWLEDGEMENTS. ..............
Mayor, city of Wauwatosa,
tSeaD Milwaukee County, Wis.
Couutersigned:
city Clerk. City of Wauwatosa
Milwaukee County. Wis
Section 6. The interest coupons attached
TO said bonds shall be signed by the fac
simile signature of the City Clerk alone,
which has been adopted and is hereby
adopted and for his official fac-simile
signature as of the date of .......-.... 1917.
and shall be substantially in the following
form
The City of Wauwatosa. Wise ousin, will
pay TO the bearer at the First National
Bank of WauwatOsa, in the City of Wauwa-
tosa, Wisconsin, on the 18th d 4y Of ........,
~ -, $3.50 semi-s nnual Interest
on Wauwatosa Sewer Bond, Seventh Series,
Number .........
Dated .........,........ b..
city clerk. wauwatosa,
Milwaukee County, Wis.
Section Z. The coupons attached to each
bond shall be consecutfvely numbered, be-
ginning with ID as the number of the
first installment of semi annual interest on
said bond, two 90 as the second installment
OF semi annual interest on said bond, and
so consecutively with each coupon.
Section 8 The said bonds are to bear
| .F.4, 80 IL EtE. n. n F~H-.
shall lie sealed with the corporate seal Of
said City, signed by the Mayor and coun-
tersigned by the City aClerk of said City Of
Wauwatosa. Wisconsin, and shall be dis
posed of the Common Council shall here
after determine, provided that none of said
bonds shall be sold at less than par.
Section g. The City Clerk is hereby in
structed to advertise for sealed proposals
for the purchase of said bonds at the time
and in the manner hereinafter directed by
said Common Council.
Section 10 The money realized from the
sale of said bonds shall be paid into the
treasury of the City Of Wauwat osa Wiscon-
sin, to be used for defraying the cost and
expense of constructing and installing sani-
tary sewers in said City.
Section IL To provide for the
payment of the principal of said bonds and
of the semi annual interest thereon as II
falls due, there is hereby levied an annual
tax upon all the taxable property, real and
per sonal, ia the CITY of Wauwatosa, Wis
cousin, in addition to all other taxes sufii-
cier,t to pay when due the interest semi
annually growing due on The said bonds. and
also to pay and discharge the principal
thereof at the time the shall become
due.
Section 2. AS soon the money shall
be actually collected for the payment Of the
principal of said bonds. the City Treasurer
shall procee in the cancellation of all said
bonds which have matured, to an amount
equal 10 The amount so collected and all
bonds pad for or otherwise retired shall
be forthwith marked CANCELLED" by
the City Treasurer and shall be by him
turned to the Common Council Of the said
City of Wauwatosa. Wisconsin. which shall
forthwith publicly cancel the same.
Section 3. This ordinance shall take eff
| feet and be in force from and after its
passage and publication.
Passed and dated at the city Of Wauwa
| tosa, Wisconsin, this .-.-.,... ....... day OF
| ........-... ..-.....-..., 1917
...-...-,.-.. -. '''.-
City Clerk, Wauwatosa, Wis
Approved this .. day OF ..-....., 1917.
j - -. -.