Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1918-10-04

III Vi unIdiiCC IIufiulIiS 1OI tAiC ASSUMING
H of 100000 of Bonds for the Purpose
Of Providing Funds for the Improve
ment of the Lighting Works now
owned by the City of Ladysmith,
/ Rusk County, Wisconsin, and PrOvid-
ing for the Levy of an Annual Tax
for the Payment of the Principal and
| Interest Thereof.
Il Whereas, it is deemed expedient and
advisable to improve the Lighting
Works now owned by the City of Lady
smith, Rusk County, Wisconsin, and it
is estimated that the cost OF said inn
provement will be at least the sum of
Four Thousand Dollars ($4,000.00),
and there are insufficient funds in the
Treasury of said City of Ladysmith to
pay the cost of said improvement, and
| it will be necessary in order to raise
funds for such purpose, to issue negO-
table coupon bonds in said city in the
sum of Four Thousand Dollars
II (S4,00000)
| Now, Therefore the Council of the
City of Ladysmith, Rusk County, State
of Wisconsin, do ordain as follows:
Section l. That there will be and
are hereby issued the negotiable coupon
bonds of the City of Ladysmith, Rusk
| County, Wisconsin, in the sum of Four
Thousand Dollars ($400000), said
bonds to be four a. in number and to
be of the denomination of One Thou
sand Dollars ($1,00000) each, and
numbered from one CD to four az,
both inclusive, to be dated September
| list, 1918 and to become due and pay
able One Thousand Dollars ($1,000.00)
on September LIST in each of the years
| 1923 to 1881, both inclusive, each bond
| bearing interest at the rate of five and
one-half per cent (51a per cent? per
annum, payable semi-annually ON the
first days of March and September of
| each year, both principal and interest
| payable at the offices of -Dickey
| Trust Company, in the City of Mime
apolis, Minnesota, said bonds to be
issued for the purpose of improving the
Lighting Works now owned by the
City of Ladysmith, Rusk County, Wis
| cOnSn.
coupons shall be in substantially the
| following form:
| Form Of Bond
| UNITED STATES OF AMERICA
State of Wisconsin County of Rusk
City of Ladysmith
LIGHTING WORKS BOND
: No.--..-..--.- 100000
Know All Men BY These Presents
that the City of Ladysmith, in the
, County of Rusk, Wisconsin, acknowl-
edges itself to own, and for value re
ceiyed, promises to pay to bearer the
sum of
= ONE THOUSAND DOLLARS
lawful money Of the United States of
America, on the LIST day of September
d 193----, with interest thereon from the
date hereof at the rate of five and one
half per cent (51a per cent? per annum,
payable semi-annually on the first days
!; of March and September of each year,
a on presentation and surrender of the
annexed interest coupons as they sey-
q orally become due. Both principal and
interest of this bond are hereby made
payable at the offices of Wells-Dickey
Trust Company, in the City of Mime
$ apolis, Minnesota.
S This bond is one of a series of bonds
I of like tenor, except as to date of matur-
|. | ity, issued for the purpose of improving
p the Lighting Works now owned by the
h City of Ladysmith, Rusk County, Wis
:, consin and in strict accordance with the
, Constitution and Laws of the State Of
Wisconsin, and an ordinance duly
q passed by the Council of said city.
1t is hereby certified and recited that
r all acts, conditions and things required
e to be done, to happen and be performed
O precedent to and in the issuing of this
! bond have been done, happened and
: been performed in regular and due
form as required by law that direct
annual tax has been duly levied upon
e all the taxable property in the city of
d Ladysmith, Rusk County, Wisconsin,
sufficient to pay the principal AMI in
h terest of this bond as they severally be-
come due; and that the total indebted
ness of the said city, including this
bond does not exceed the statutory or
constitutional limitations.
: In Testimony Whereof, the Council
:, of the City of Ladysmith, Rusk Coun-
e ty, Wisconsin, has caused this bond to
be signed by the Mayor, attested by the
City Clerk and the seal of the said city
| to be affixed hereto, and the annexed
interest coupons to be executed with
the fac smile signatures of said Off
: GERS, this LIST day of September, 1918
Mayor.
Attest: MATT EDGAR, City Clerk
CORN of COup0n)
, No. $3.50
3 On the LIST day of September,
!, d., the city of Ladysmith, Rusk
y County, Wisconsin, promises to pay to
bearer Twenty-seyen and 50-100 Dol
!. lars ($2750), at the offices of Wells
k Dickey Trust Company, Minneapolis,
r Minnesota, for interest then due on it's
8 lighting works bond, dated September
! LIST, 1918, NO...-...----.---.-.
=
: Mayor
Attest:
e MATT EDGAR, City Clerk.
Section 3. That said bonds, when
f duly prepared, in the form aforesaid