Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-04
AN ORDINANCE

TO authorize the creation of a loan or leans @
in the sum OF fifteen million G5, 900 .OoO)
dollars, being the unissued portion Of
loan in the sum of fortytwo million four
hundred and fifty thousand seven hundred
and ninety:seven az. $50, 797) dollars, pro
yided for by an Ordinance approved the
10Th day Of June. 1915. this Ordinance
being supplementary, to the said Ordinance
dollars to be used toward the. erection
and construction of the main building OF
DAMAGES TF' for The OF heretofora authoraed yea
opening, widening and changing Of grade
OF streets, construction of sewers. con
demnation of parks and other purposes
toward tho removal of grade crossings IN
South Philadelphia; toward the ACQUISITION
and construction of sewage disposal plants
and sewerage system Of Frahkford creek cree
and Improvement OF the Parkway; to pay
for property heretofore taken and TO be
construction of main sewers; construction
OF main sewers in Venango B!Eler and
Packer streets: constructi9I Of branch di[,,.
sewers construction Of bridges; gradliiE
streets; Improvement of country roads;
paving Intersections; Improvement Of the
Of the South Broad street boulevard
Plaza League Island Park orsCIoS sCd GoGfF gf
convention 5' Hall; toward acquisition of
rnent Of the. Fhisdelpha, General HTgsn,ita
under the supery sion, Of the DepaIrtmem Idi115 nj
IF P5e Pgnf T6atoI Hs24 eF &T pd Masenm
Section l. The Select and Common Coun-
ellis of the CITY of Philade!pha do 9rd5S,ii,n; a.,
Controller. or any two OF them be and they
are hereby authorized to borrow at such
mand. from the highest bidder or bidders
BY adyertisement, a not less than par; pp;t,o,l on
thg fath and credit of tbG Cy M 2t sgae nS
gate shall not exceed fifteen million DO
900 Oool dollars, being the ,unissued ,portion,
Of loan of fcrty-two million four hundred
and fifty thousand seven hundred and
ninety-seven t42,45o.7o7j dollars provided
Of June, 1915 this Ordinance supplementinG
the said Ordinance Of Of June June 20, 1916 the said
pended as provided for in the second section
SEC SEC The pmoq,sEy raised By loan Or
Ordinance shall be used for the following
purposes; to Wit: Toward the erection aud
construction of the main building of the
Free Library of Philadelphia, two million
four hundred and nifty thousands e; ;45O; ooo)
changing Of grade of streets. CONSTRUCTION Of
nd other sSr P @
OOOl dollars; toward the removal of grade
ctIS tract dated March as ioi4 seven Pf million lion
sl1 hundred, thousand 1900 ooO) dollars
construction OF sewage DISPOSAL plants and
sewerage system of Frankford creek area
thousand thou d' a. 5SS OOoJ dollars; O toward @ I6c
acquisition OF aud payment for property
san f2kn and S 6S tse 10
property heretofore taken and to be taken
for Fairmount and other, parks. seyeniy-
of main sewers. four hundred thousand
600 OOOl dollars; construction of main
hundred I thousand T f Zoo. .0Goj dollars. and in
Venango street forty thousand 90 o0Ol dol
thou thousand US go 6ooj dollars: ' construction Or
bridges hye hundred thousand 600, 00o) dol
lars grading streets twenty four thousa nd
(2l nn0) dollars; Improvement of country
roads, sixty seven thousand l67 .ooo) dollars;
Iyii I2Sy 100, dollars; improyemsnt Of HS the fo IL
lowing BRANCHES Of the Boulevard; Bensnlem;
and sixty thousand 0sO. On0l dollars: for the
Street Boulevard Plaza League Island Park
twenty thousand t520. 0O0l dollars; towar rd
the construction OF Convention Hal sun sun
nance approved June 10. 1911 twenty thou
sand t2O.Ooo) dollars; toward the acquisitlon
ment of the Philadelphia General TiospiIal,
Nurses Home and the other 6uildinEs under
two 'Ru Hundred thousand C2oo Oooi dollars; to-
million Milo q Il 900 OGOj dollars.
Sec 2. Interest on the said loan az q rate
not exceeding four and one-half t4h ner
centum per annum shall be paid by the city
Of Philadelphia half yearly. on the first Gays
Of the months et aof oq be CITY 'n
Philadelphia. Certificates Of the said loan
shall he In the usual form IN sven amounts
as the lender may require IN the sums of
one hundred (1O0) dollars and its multipes.
in registered or coupon forms and Il shall
ba expressed in the said certificates that the
loan therein mentioned is payable in thirty
years after date thereof and that tho prin-
cipai and interest said loan arc payable
in Lawful money OF the United States. free
from all taxes.
Sec. 4. whenever any loan shall bo
created by virtue OF this Ordinance. there ie,
BY force of this Ordnance, an annual tax
levied OF six and one-half t6ls per centum
/ liza ~ HFnt FrNt thFaf faaf
issued TO paw the interest, also the priu-
cipal OF such loan within thirty wears. and
there Is thereby annually appropriated to the
rnmissloners OF the Sinking Fund, out OF
the taxes so collected, sum sufficient 10
pay the interest on said loan also the prln-
the same becomes payable. The appropria-
tion for the interest 10 be peid serniannually,
aafd comrulnaionorB.