Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1919-08-21
An Ordinance Providing for the lssu
ance of $4,000 Street Improve
ment Bonds of the City of
Grand Rapids, Wisconsin

WHEREAS, certain or the streets IN
the City of Grand Rapids have been
improved, which improvements to the
extent of $4,000 are properly charge
able to and are to be paid for by this
CITY, and in order to make such pay
ment, it is necessary to borrow said
sum of $4,000 and issue the bonds OF
said City therefor:
NOW, THEREFORE, the Common
Council of the City of Grand Rapids,
do ordain as follows:
Section l. That there be borrowed
on the credit of the City of Grand
Rapids in the County of Wood and
State of Wisconsin, the sum of $50 900
for the purpose of paying for such
street improvements, and that bonds
be issued therefor.
Section 2. That said bonds be thirty
in number of the denomination of
81, 900 each, numbered from l to 30,
both numbers included, dated July l,
1919, and be due and payable in nu-
merical order $4,000 on the first day of
January in each of the years from 1921
to 1880, both years included. That
such bonds bear interest at the rate
of five 90 per cent per annum, payable
semi-annually on the first day of jan
uary and of July of each year from the
date of said bonds until payment there
of respectively, ana that such interest
be evidenced by coupon attached to
said bonds, that such bonds be signed
by the Mayor and City Clerk of said
City and bear the corporate seal of
said City, and the coupons evidencing
the interest thereon be signed by said
officers by their respective fac simile
signatures, which said officers shall
by the execution of said bonds, adopt
as and for their respective signatures,
their respective fac simile signatures
appearing on said coupons, and that
said bonds and coupons be payable at
the office of the City Treasurer of and
in City of Grand Rapids.
Section 3. That such bonds and
coupons be in substantially the follow
ing forms:
CFORM OF BOND)
UNITED STATES OF AMERICA :
STATE OF WISCONSIN, COUNTY
OF WOOD,
CITY OF GRAND RAPIDS
STREET IMPROVEMENT BOND
No.------------ $1,000
KNOW ALL MEN BY THESE
PRESENTS. That the City of Grand
Rapids, in the County of Wood and
State of Wisconsin, acknowledges it
self to owe and for value received
promises to pay to bearer the sum of
One Thousand Dollars ($1,000) on the
First day of January, d., with in
terest thereon at the rate of five (5)
per cent per annum from the date here
of until paid, payable semi-annually
on the first day of January and of July
of each year upon presentation and
surrender of the interest coupon here
to attached as they severally mature.
Both principal and interest hereof and
hereon are hereby made PAYABLE at
the Office of the City Treasurer of and
in said City of Grand Rapids, Wiscon-
sin. For the prompt payment of this
bond, both principal and interest as
aforesaid, the full faith, credit and
resources of said City are hereby ir-
revocably pledged
This bond is issued for the purpose
of paying for improving certain streets
IN said City, pursuant to and in all re-
spects in compliance with Section 925-
1873 of Chapter 45t of the Etatutes of
Wisconsin, 1917, and other pertinent
Sections of said Statutes, and an ordi-
nance duly passed by the Common
Council of said City, approved by the
Mayor and duly published.
1t is hereby certified and recited that
all conditions, things and acts requir-
ed by law to be and to be done, prece-
dent to and in the issuing of this bond
have been, have happened and been
performed in due form and time as re-
CURED by law, and that the indebted
ness of said City, including this bond.
does not exceed any limitation impos-
ed by law, and that provision has been
made for the collection of a direct an
nual tax sufficient for the prompt pay
ment of principal and interest hereon
as the same mature.
IN WITNESS WHEREOF. the Citv
fof Grand Rapids, by its Common Coun-
ell, has caused this bond to bear its
corporate seal. and to be signed bv it's
Mayor and City Clerk, and the interest
coupons attached hereto to be signed
by said officers by their respective fac
sImlle signatures, which said officers do
by the execution hereof, adopt as and
for their respective signatures, their
respective facsimile signatures appear
ING on said coupons, all this First day
of July, 1919.