The Owosso times. (Owosso, Mich.) 1897-1926, 1919-08-15
priation of the year Iss.i92O and OF the taxes
to be collected Hereunder.

pr1ation OF the year 19i9-1920 and OF the taxes
to be collected Hereunder.
The following resolution was presented
and Mr. Hanscom moved the adoption OF the
resolution which motion prevailed; ayes, Hans
IN, Rosevear, Wright:
Resolution No. 80.
Resolved by the Commission OF the City OF
Owosso. that the Mayor be ard he is hereby
instructed. directed and authorized TO borrow
upon the credit OF the City OF Owosso the sum
OF A267O, and place the same TO the Gre dit OF
| the West Exchange st Curb Fund, and exc.
cute and deliver as security for said loan the
promlsory note OF the City OF Owosso bearing
date the i2th day OF August 1919 to become due
and payable December Is, 1872 and shall bear
interest at rate not greater than five per cent
/ per annum.
Said loan is hereby declared to be made in
anticipation OF the collection OF the special
assessment levies for the construction of said
curb anu gutter on West Exchange st. from
| Cedar to Lansing Sts as provided in the
annual appropriation bill for the year 100000
The following Resolution was presented ana
Mr.. Hanscom moved the adoption OF the reso.
luton, which motion prevailed; ayes, Hans.
| com, Rosevear, Wright
Resolution No. 81.
| Resolved by the Commission OF the City OF
| Owosso, that the Mayor be and he is hereby
Instructed, authorized and directed to borrow
| upon the credit OF the City OF Owosso the sum
| OF 1890 80 and place the same tn the credit of
cute and deliver as security for hid loan the
promisory note OF the City OF Owosso bearing
date the 18th dav OF August, 1919 to become due
and payable T. e. nber ID, 1919, and shall bear
interest at ". /; not greater than five per cent
per annum.
Said loan is hereby declared to be made in
antleipas9n OF the collection OF the s. eciai
sewer from Grover st. to lakewood Ave-, as
provided In the annual appropriation bill for
year 1919 1920.
The following resolution was presented
and Mr.. Hanscom moved the adoption Of the
the resolution, which motion prevailed; ayes, |
Hanscom, Rosevear, Wright:
Resolution No. So.
Resolved, by the Commission Of the City |
Of Owosso that the Mayor be and he is hereby |
instructed, authorized and directed to borrow |
upon the credit OF the city OF Owosso the sum |
OF Sl61805 and place the same to the credit OF the
North Shiawassee st. Sewer Fund, and execute |
and deliver as security for said loan the prom |
isory note Of the City Of Owosso bearing date |
the 18th day Of August, 49, to become due and |
payable December l5 1919, and shall bear inter
est at a rate not greater than five per cent per
annum.
Said loan is hereby declared to be made in
anticipation OF the collection OF the special
assessment levies for the construction OF said
North st. as provided In the annual appropria-
ton bill for the year l9l9-l920.s
Mr. Rosevear presented the following resolu-
ton and moved the adoption OF the resolution,
which moi n prevailed; ayes, Hanscom Rose
wear, Wright:
Resolution No. 80.
Whereas. the Commissioner OF Public Utin
ties of the City OF Owosso did IN the annual
not IN NJ If ht1 ana rttxanp fNr
the fiscal wear beginning June / 1919 and end. |
ing May 81 1927 presented to the Commission
at special session thereof on the 10th day OF
Nav. 1919 include an Item Of SIC 1881, for the
constr uctlon and LAYING OF water works mains |
Of which sum he recommended that SIG 600 be
raised BY loan secured by the bonds OF the City
OF Owosso; and
whereas. the Commits sion OF the City OF
Owosso did by ordinance duly passed at its
regular session or the l9th day OF May, 1919,
In accordance with the terms OF the city char
ter adopt said recommend a. ion in it's annual |
appropriation bill for the said year ending on
May 81. 1920, and provide for the raising bv
loan upon the bonds OF the CITY the said sum OF
BIG 900 for the construction and laying OF new
water mains In said city; |
Now. therefore. Resolved by the Commission
OF the City of Owosso. that the said City OF
Owosso do issue its negotiable coupon bonds
in the sum total of Sixteen Thousand Dollars
1916 000) TO be known and referred to as Water
Works Extension Bonds OF the CITY OF Owosso
said bonds to be sixteen in number OF the
denomination OF 81 600 each, to be numbered
seriallyfrom to Ii to mature serislly accord
ing 20 number. on the 18th day OF December
1920, and on the 18th day OF December OF each
year thereafter to and including the year 1885.
to bear interest at the rate OF four and three.
quarters per cent CA%) per annum payable
nemi-annualy. Said interest to be evidenced
by suitable coupons attached to each of said
bonds bearing the printed or Autographed sig.
natures Of The Mayor and City clerk. both said
bonds andthe interest coupons theret b, attached
TO be payable at maturity at the ONCE uf the
City Treasurer in the City OF Owosso, Michi.
gan.
Resolved. further that the Mayor and City
Clerk are hereby authorized ana directed to
sign and execute the said bonds and to deliver
the same to the City Treasurer and that the
City Treasurer Is hereby authorized and d.
rected TO issue and deliver the same to Bolger,
Mosser Il Wl'aman the purchase g thereof,
upon payment to him of the consideration
therefor, to-wit, the sum OF SIG 900 aud the full
fllment by the said purchasers OF all of the
terms OF their contract with said city for the
purchase thereof.
This being the date set for reviewing the
special assessment roll for the construction OF
O sewer on Lnge, Broadway and Railroad