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

Vidlng for the Levy OF an Annual
Tax for the Payment of the Principal
and Interest Thereof.
Whereas, it is deemed eXpedient and
advisable to pave certain streets in the
City of Ladysmith, Rusk County, Wis
consin. and that the expense of such
work be paid in whole by the said city,
and it is estimated that the cost of said
paving will be at least the sum of
Thirteen Thousand Dollars ($13.000.
00), and there are insufficient funds in
the Treasury of said City of Ladysmith
to pay the cost of said paving and it
will be necessary, in order to raise
funds for such purpose to issue nego-
table coupon bonds of said city in the
sum of Thirteen Thousand Dollars
| ($13,000.00).
| Now, Therefore, the Council of the
City of Ladysmith, Rusk County, State
of Wisconsin, do ordain as follows:
| Section /. That there will be and are
] hereby issued the negotiable coupon
bonds of the City of Ladysmith, Rusk
County, Wisconsin, in the sum of
Thirteen Thousand Dollars ($13,000.
| COZ, said bonds to be thirteen OBJ in
number and to be of the denomination
of One Thousand Dollars $1,00000)
each, and numbered from one Cd to
| thirteen (13), both inclusive, to be
dated September LIST, 1918, and to be-
come due and payable One Thousand
| Dollars ($1000.00) on September 1st,
1882, and Two Thousand Dollars
| ($2,000.00) on September LIST in each of
the years 1888 to 1885, both inclusive,
each bond bearing interest at the rate
of five and one-half per cent (512 per
cent? per annum, payable semi-annual-
! ly on the first days of March and Sep
| TENDER of each year, both principal and
| interest payable at the offices of Wells
Dickey Trust Company in the city of
| Minneapolis Minnesota, said bonds to
| be issued for the purpose of paving GER
tain streets in the city of Ladysmith,
| the expense of such paving to be paid
in whole by the said city.
| Section 2. That said bonds and cOu-
pons shall be in substantially the fol-
| lowing form:
(FOrm of BOnd)
UNITED STATES OF AMERICA
State of Wisconsin County of Rusk
City of Ladysmith
PAVING BOND
!
Know All Men By These Presents,
that the City of Ladysmith, in the
| County of Rusk, Wisconsin, acknowl-
edges itself to owe, and, for value re-
ceived, 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,
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,
on presentation and surrender of the
annexed interest coupons as they sew
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.
This bond is one of a series of bonds
of like tenor, except as to date of ma
turity, issued for the purpose of de-
fraying a portion of the expenses in
Cured and to be incurred in the paving
Of certain streets in the city of Lady
smith, County of Rusk, Wisconsin, the
expense of such paving to be paid in
whole by the said city, and in strict ac-
cordance with the Constitution and
Laws of the State of Wisconsin, and an
ordinance duly passed by the Council of
said city.
1t is hereby certified and recited that
all acts, conditions and things required
to be done, to happen and be performed
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
all the taxable property in the city of
Ladysmith, RuslS County, Wisconsin,
sufficient to pay the principal and in
terest of this bond as they severally
become due; and that the total indebt-
edness 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-
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, 1913.
Mayor.
Attest: