The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-12-26

Said Street Intersection Improve
ment Bonds" shall be in substance.
form and effect as follows:
No. .,,,..s $4,000
STREET INTERSECTION I'M
PRoVEMENT bond,
City OF Louisa, State Of Kentucky.
Know all men by these presents:
That the City OF Louisa, In state OF
Kentucky promises to pay the bearer
the sum OF Five Hundred Dollars
(S5OO) on the day OF. .....,,-.. i9. !,
at the Louisa National Bank, Louisa.
Kentucky, with interest thereon at the
rate of six per cent per annum from
the date hereof payable annually. un-
III the payment OF said principal sum,
upon presentation and surrender of the
proper coupon annexed hereto. at said
Louisa National Bank. at Louisa, Ken.
lucky, for the payment OF which said
sum and interest. the faith and credit
.of the City OF Louisa is hereby held
and firmly bound Tho principal sum
of this bond shall be payable at ma
.urity upon presentation and surrender
of same AT the Louisa National Bank
OF LOUISA, kentucky.
The right Is reserved to redeem this
bona AT the option Of the City OF Lou
lsa az any interest paying period there
ot that does not occur within two years
Of the date thereof, The owner OF this
bond shalt notify the city Clerk OF his
postonice address and OF any changes
therein and notice shall be given to
the said holder AT such address or n
10 address is given. then 10 his Iast
known address. at least twenty (2Ol
days before said bond il redeemed. This
bond shall not bear interest after the
date fixed for It's redemption by said
notice.
This bond is one OF a series Of bonds
known and designated I'm the ordinance
as Street Intersection Improvement
Bond" and numbered from one "a 10 |
twenty l20l inclusive for Five Hundred |
Dollars $4,000 each and issued under !
The authority granted by Chapter l2s |
Section s. Acts Of 1912. OF the General |
Assembly Of Kentucky. and In accOr-
lance with ar ordinance authorizing |
the usual OF same duly adopted by tho |
City Council OF the City OF Louisa on
the 10th day Of December 1919.
In testimony whereof. this bond has
been signed by the Mayor and counter
signed by the City Treasurer and duly
nttested by the City Clerk, under the
seal Of the said City on this. :. day
OF -'r.., ,.......'s.t,i 49,.
'..''.'.''.,....' ...s.......,a. Mayor. |
....-.........t. Treasurer
Attest+.,..,..,i.. ~ 49,, city Clerk
on each of said bonds shall b. at
tached the appropriate number or cou
pons for the amount OF Thirty Dollars
$500 each. and the interest coupons
upon each OF said bonds shall bear the
fac-simile OF the Mayor Treasurer and
City Clerk. The said coupons shall be
in substance and form as follows:
COUPON
On the day of..a........, H.,
the City OF Louisa, Kentucky. out of
the same fund from which this bond Is
payable win pay the bearer the sum Of
Thirty Dollars $4,000 at the Louisa
Bank, OF Louisa, Kentucky
being one years interest on the at
tached bond issued pursuant to or
dinance OF the said City of Louisa, duly
adopted by the City Council on the
18th day OF December. 1919. for paving
and known and designated In the or
iinance as Street Intersection Inn
Bonds.
..''...' ...l..'.'-' ,...#.- ...ss.. Mayor |
ACKNOWLEDGEMENTS. Treasurer.
Attest: ..ri,...,..,,t. city Clerk
For the purpose of redeemlng said
bonds as they shall mature In one two,
.hree, four. five, Sly. seven, eight, nine
ind ten years, respectively, after date.
and paying the interest thereon an
lually, there may be levied by the City
Council a tax of not to exceed twenty
i've cents C25c) on each one hundred
lollars worth of taxable property an
1ually, located within the corporate
limits of said City to be known as
Street Intersection Improvement Tax"
ind shall be placed upon the tax list
II the City and shall be collected at the
iame time and in the same manner
hat other City taxes are collected, an
lually for period OF ten years, and
his tax shall be kept by the City ,
Treasurer in a separate fund for the
of said Street Improve
nent Bonds" and the paying OF the in
crest thereon as IL shall become due {
md the redeeming of the bonds at date
II maturity.
Section 49, All ordinances and parts
II ordinances in conflict herewith are
hereby repealed.
Section a. This ordinance shall be
n force and effect from and after its
and publication In the manner
provided by law.
offered and read at regular meeting 3