Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1918-02-26
W. y, n REG Ell,
City Clerk,
AN ORDINANCE


Providing for the issue of One Hundred
Thousand Dollars (sl00,00000) Public School
Bonds.
The Common Council of the city of Wausau
Section /. For the purpose of providing
funds for the construction of a public school
house in the city of Wausau. there are hereby
ordered to be issued the negotiable bonds of
said city in the sum of one hundred thousand
dollars. consisting of bonds of one thousand
dollars each.
Section 2 The said bonds shall be known as
Public School Bonds and shall be of the de-
nomination of one thousand dollars each and
shall be numbered from one to one hundred.
both inclusive; said bonds shall be dated April
/, 1918, bear interest at the rate of FIVE per cent
per annum. payable semi-annually on the
first day Of October and April in each year
upon the presentation and surrender of the
interest coupons, which shall be annexed TO
said bonds, both principal and interest there
of to be payable al the office of the treasurer
of said city of Wausau, which bonds shall ma
ture and be pay able as follows, to-wt;
Numbers to 5. both inclusive shall be pay
able April lst 1881
Numbers 10 TO- both inclusive, shall be
pay able A pFil lSt, 1882.
Numbers II to 25. both inclusive. shall be
payable April 1st, 1883.
Numbers 20 to 45 both inclusive, shall be
pay able April lSt. 1884.
Numbers As to So. both inclusive, shall be
payable April 1st, 1885.
Numbers 81 to 10. both inclusive, shall be
payable April list, 1886.
Numbers Go to rs, both inclusive shall be
payable April 1St. 1887.
Numbers 70 to 100. both inclusive. shall be
ayabieeApril 1St. 1898.
Section 3. Said bonds shall be signed by the
Mayor and attested by the City Clerk and the
seal of said city shall be affixed thereto. and
the coupons thereto attached shall be signed
by the autographed signature of said Mayor
and City Clerk. Said bonds shall ne in sub
stantially the following form:
United States of America,
State of Wisconsin,
County of Marathon,
City of WauSau.
Public School Bonds
No.-- 100000
Know all men by these presents, that the
city of Wausau. in the county of Marathon
and state of Wisconsin,, acknowledges itself
to owe and for value received hereby promises
to pay to the bearer on the first day of April.
1881, changes" the principal sum of one
thousand dollars (Sl,000.00), together with in
tereSt on said sum from the date hereof until
paid at the rate of five per cent per annum,
payable semi -annually on the first days of
october and April in each year, in accordance
with and upon presentation and surrender of
the interest coupons hereto attached, as they
Severally become due, both principal and in
tereSt hereof are payable in lawful money of
the United States of America at the office OF
the treasurer of said city, and for the payment
of this bond, with interest as aforesaid at
maturity, the full faith credit and resources
of said city are hereby iIrevocably pledged.
This bond is Issued by the city for the purpose
of providing funds for the payment, discharge
and satisfaction of a like amount of its valid
and SubsiSting Indebtedness evidenced by
notes heretofore legally and regularly issued
by said city for the purpose of providing funds
for building public school. and in all respects
in full compliance with the provisions of the
laws of the state of Wisconsin, in such cases
made and provided and in particular sections
925-l33. 9i2 and 943 of the Wisconsin statutes of
1898, together with all acts amendatory there
of or supplemental therefor and it is hereby
certified and recited that all acts, conditions
and things, required by the Constitution and
laws of the state of Wisconsin, to be done pre-
cedent to and in the issue of this bond have
been properly done, happened and been per-
formed in regular and due form and time as
required by law; that the total Indebtedness
of said city, including this bond. does not
exceed any constitutional or statutory limita-
ton, and that the Indebtedness hereby funded
was authorized and created within all consti-
| tutional and statutory limitations upon the
amount thereof; and that provision has been
made for the collection of a direct annual tax
in addition to ali other taxes on all of the tax
able property in said city. sufficient to pay
interest hereon as the same falls DUE and
also to pay and discharge the principal hereof
al maturity.
In testimony whereof, the said city of Wan
sau. by its Common Council, has caused its
corporate seal to be hereto affixed and this
bond to be signed by its Mayor and attested
by its City Clerk; and the interest coupon
hereto attached to be signed with the litho-
graphed signature of the said Mayor and Clerk
all as of the lSt day of April, 1918.
Attest