Alma record. (Alma, Mich.) 1878-1928, 1917-09-06

said bonds 10 be each Of the denomination Of
1000. numbered from one to ten consccu- |
lively and inelusively. u be dated September
First. 1917. and 10 become due and payable as
follows: $1,000 of said bonds on the First
day of September of each of years 1918 10
1927 consecutively and ineusively with inter-
est thereon at the rate of Five per cent per
annum payable semi-annually on the lst day
OF March and of September of each and every
year from the date thereof. both principal
and interest 10 be payable at the
and said interest 10 be evidenced by coupons
10 be signed by the original or autographed
or printed signatures Of the Mayor and Clerk ,
of said City.
BE il further resolved. that the Mayor and
Clerk be, and they are hereby authorized and
directed 20 sign and countersign respectively
and execute the above bonds ia conformity
with said specifications and attach thereto the
upon the due and legal execution Of said bonds
the Mayor and Clerk be, and are hereby di-
rected and authorized 20 deliver said executed
bonds TO the Treasurer Of said City. who shall
deliver said bonds. hereafter directed by
said Common Council, 10 the purchaser there
Of. upon the receipt of the contract purchase
price therefor amounting 20 az least par and
Be it further Resolved that tho bonds and
coupons shall be- IN substantially the follow
United States Of America
State of Michigan
County of Gratot
City OF Alma
Know All Men by These Presents. that the
City Of Alma. County of Gratiot. and State of
Michigan, municipal corporation, hereby
Acknowledge itself justly indebted and for
hereof. the sum OF $1,000 lawful money Of
the United State of America, the First
day OF September. A. - 1887. az the
18th interest thereon until paid, az the rate
of Five per cent per annum. payable semi
annually. on the First day Of March and Sep
tembcr of each and every year from the date
hereof. az the said
upon the presentation <and surrender Of the
proper interest coupons hereto attached, as
they scveray become due and for the prompt
payment of the principal and interest of this
bond and of the series Of which u forms
part. the full faith. credit and resources of
said City of Alma are hereby rrevocably
pledged.
This bond is one of a series Of Ten bonds Of
like date and tenor, except a 10 dates of ma
tUrity issued under, IN pursuance of and in
conformity with the provisions of law, and was
authorized by vote of more than two-thirds
of the qualified electors Of said City voting at
special election held therein the 3lst day
Of August A. d. 1917. The series of bonds OF
which this Is one. has been authorized to be-
issued for the purpose of paying the City's
share of the cost Of constructing public pave
mcnts in public streets in said City and is
hereby declared To be taN-cNempt under and in
accordance with the provisions of law. The
principal and interest of this bond and the
series of which it forms part are payable
out Of the Interest and Sinking Fund of said
City Of Alma.
II is hereby certified and recited that all
acts, conditions and things required To be done
precedent to and in the issuance of said SER
les of bonds of which this is one. in order To
make them valid and binding obligations of
said City of Alma, have happened and have
been done and performed in regular and due
form and time a. required by law, and that
total Indebtedness of said city, including this
bond and the series of which il forms part
does not exceed any constitutional or statu-
tory limitation.
In Witness Whereof the Mayor and City
Clerk of said City. have by the order and di-
rection Of the Council thereof. officially here
unto subscribed the corporate name Of said
City. attaching the corporate Seal thereof and
executed this bond this
day of September a. d. 1917.
City Of Alma. Gratiot County, Mich.
Countersigned. Ira H. Mckinney, Mayor.
Carl +. Gallagher. City Clerk
Form Of Coupon
On the First day Of A. d. 1911.
The City of Alma. Gratiot county. Michigan.
hereby promises TO pay to the bearer hereof
being the semi-annual interest due on It's
water bond. dated September First, A. ID. 1917.
Countersgned. Ira II. Mckinney.
1 Carl +. Gallagher. Mayor.
City Clerk.
Adopted on the following vote:
Yeas knoertzer. Adams. Ogden. Ward.
Fullerton and Lake.
, Nays None.
The following resolution was offered by
Alderman Ogden and supported by Alderman
II
Whereas at a special election held in the
City Of Alma. Gratiot County. Michigan. on
the Ut day of August, A. d. 1917. the quail
fed electors Of said City. boy vote of more
than two-thrds of those voting at said cleo
ton, did authorize the Common Council of
said City to borrow the sum Of $40. 900 and
issue the bonds of said City therefor. for The
purpose of paying the Citys share of IN,
costs OF constructing certain lateral and
branch public sewers in certain public street
in said City. as appears by the resolutions
AZ. oil faI
Now therefore. be it resolved by the said
Common Council that the bonds of said City
of Alma be issued in the sum of $4,000 0t
said bonds 10 bc each Of the denomination Ol
81 900 numbered from 10 twenty con.
secutivey and inclusively. to be dated Sep
tember /. 1917. and To become due and payable
as follows $1,000 of said bonds on the Isl
day of Scptember of each of years 1918 I,
1887 consecutively and incusively. with inter
est thereon at the rate of per cent per an
mum. payable semi-annually on the LIST day o
March and of September of each and ever,
year from the date thereof. both principa
and interest TO be payable at the
and said interest to be evidenced by coupons
to be signed by the original or lithographe,
printed signatures of the Mayor and Clerl
of said City.
BE il further resolved, that the Mayor an,
Clerk be- and they are hereby authorized ant
directed TO sign and countersign respectivel.
and execute the above bonds in conformit
with said specifications and attach thereto tn
corporate Seal of said city of Alma and tina
upon the due and legal execution OF said bond
the Mayor and Clerk he. and are hereby di
rected and authorized 20 deliver said execute,
bonds To the Treasurer of said City. who shall
deliver said bonds. hereafter directed b.
said Common Council. 20 the purchaser there
of. upon the receipt of the contract purchas
: price therefor amounting TO at least par an
accrued interest.
, BE il further Resolved. that the bonds an
r coupons shall be in substantially the follow
ing form
United States of America
State of Michigan
County OF Gratiot
City Of Alma
Sewer Bond
Know All Men BY These Presents that ia
{ City OF Alma County Of Gratiot and State q
Michigan. "A municipal corporation, hereb
7 acknowledges itself Justly indebted and 10