Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-11-25
AN ORDINANCE

.
1.-THE n the sum OF fifteen million $4,000. .ooo)
loan in the sum OF forty-two million four
hundred hun and nfty thousand gso ID seven hundred
10Th day Of 3ne TpHneG siS thi HP'GSyf% 6TdnanSs TSs
Of June ss isie. the said anG Sfu een mSs
oiars nd t. be used toward the erection
The Free Library OF. Phiiadeiphia; to pay
ansnTa oamages f9r the heretofore authorized
q streets, construction OF sewers, con-
nsemnation OF parks and other purposes.
South philadelphia; toward the acquisition
Sna OF and md yIT. payment foru.nroperty erection
and sewerage V system ST TeSS Of FrnnPfora ] % creek
area; toward the acquisition Of property
pPopes % she ten and to to ps bs
taken for Fairmount and other parks;
aG of ma" n Sssr a2G
Packer streets: construction of branch
streets improVement Of conntTy Toads
2avins intersections; Improvement OF the
Ss souS 2T broad tas fnrh s1set
Iiaza' LEAGUE Island Park and Goyrn-
s Ha t2~1ga tCma4G i9p sdsssoS sSSiGq of
ent Of eFeGtio1 ct. b and and o sGpp
or Spdf pubs Hs Ts,S q
Section i. The Select and Common coun-
' Mayor ES OF cy rspssRha ssosr 90 and Grden civ
fs or any two Of them be and thsg
!udsment the best interests V' Of the City de-
Uand; from the highest bidder or bidders,
Tie and Credit OF 9' the hess city iean OF pf5 Pha
ia no or s1eseG dsh heh in million The
"go ogo9 dollars f J being the unissued portion
gninety-seyen !4s $50 7a7} dollar provided
sgF an Ss hs sSe dn
fhe ssss said 0rdinanG & Of JTMS e. 1916 the said
pended Tn m @ IN the Sosrs ID ss
OF this ,oFdpacs; -.
2 the rassd rs BY Section hs ofT o s
Ordinance shall be used for the following
to % " the aS the bSSss SfssG p Ss
Free Free Library Of Ph!iadelpha, ! tWo pllIiSn nH
tSfore authorized opening. widening and
of propeTy foT par
and other purposes, thirty-tour thousand GA,
m Sh as Of per
tract ,Dteda dated March 2S ScS9 mon
construction construct Of sewage disposal plants and
eur Gl @nd
thousand Il 43s. oooj dollars; toward the
sfen na a F the for
fifteen thousand G5,000) dollars; to pay for
property heretofore taken and to be talier
for Paramount and other parks ~ enty-
four thousand "a ,O0o) dollars; construction
S Zoo main oon ssTers four hnndrsd
SSIsrsa in ase5 nd SkT 5 tTees II
Venango street, forty thousand (40. 0o0) dol.
lars; construction Of branch sewers, thirty
Sdses ave hUEdred Soo dol
lars; grading streets twenty-f four thousand
Sasds > oarg onnty
paving intersections. wenty-eight thousant
l2s,o0oe dollars; imprqyement Of the fol
Gome and PoauessinE avenues, one HUNDRED
and sixty thousand q60.o0o) dollars; for tht
further Improvement Of the South Broat
Street Boulevard Plaza. League Island Parl
drtS and s oars hdrtd
the construction of a Convention Hall, sup
piementing money BORROWED under an 0rdl
sand t2o o0O) dollars; toward the acquisition
of land erection. co1struction and equip
Nurses Home and the other, buildings unde
the supervision and direction of the De
two two 'hsnt hundred thousand GOO 900! dollars; 70
wnTd The oGS see5SS G SdsTs Of an Art Museum on
not exceeding four and ,one-halt (4h) pc
Of the months of January and July. At tn
shall be in the usual form, in such amount
one on 'au Hundred @ t1ooj dollars and It's multiples
in registered or coupon, forms. and Il shal
be expressed in the said certificates that TIL
loan therein mentioned is payable in thirt
years after date thereof. and that the prin
cipal and interest on said loan are payabl
5n lawful money OF the United States, fire.
from all taxes.
Sec. l. Whenever> any loan shall b
created by virtue Of this Ordinance there ia
by force of this Ordinance, an annual ta
levied of six and one half (6h) per centun
on the par value Of such certificates 8
issued to pay the interest. also the prin
cipsl. of such loan within thirty years, an
there is hereby annually appropriated to tn
Commissioners OF the Sinking Fund out O
the taxes so collected. SUFFICIENT I
pay the interest on said loan. also the prin
cipal thereof, within thirty years and a
the same becomes payable. The appropria
tion for the interest TO be paid semiannually
and for the Sinking Fund quarterly to tn
uaid Commissioners.