Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1919-07-08

The following copy of an ordinance pro posed
to be adopted by the Common Council OF the
city of Wausau, at its regular meeting on Aug.
5th. 1919. is published pursuant to an order OF
said Common Council and as required by law.
FRANK N. BLEoHA, City Clerk.
AN ORDINANCE
Providing for the issue of Bonds for the pur-
chase of Vocational School Equipment.
The Common Council of the City of Wausau
do ordain, as follows:
Section l. For the purpose OF providing
funds for the equipment of the Vocational
School In the city of Wausau, there are hereby
ordered to be issued the negotiable bonds of
said city of WauSau, in the sum of twenty-five
thousand dollars, consisting OF bonds of one
thousand dollars each numbered from one to
twenty-five both inclusive.
Section 2. The said bonds shall be styled
Vocational School Bonds. and shall be dated
October LIST, 1919, bear interest at five per cent
per annum, payable semi annuallylon the first
days.of April and October in each year upon
presentation and surrender of the interest
coupons which shall be annexed 10 said bonds;
both principal and interest TO be payable at
the Office of the treasurer of the said city of
WauSau.
All Of said bonds shall mature and be pay
able. as follows;
Numbers one to TWENTY-FIVE both inclusive.
shall be payable October LIST. 1929.
Section 3. Said bonds shall be signed by the
Mayor and attested by the City Clerk. and the
seal OF said city shall be affixed thereto and
the coupons thereto attached shall be signed
by tine lithographed signature of said mayor
and city clerk. Said bonds shall be subStan-
TALLY in the following form:
United States of America.
State of Wisconsin,
County of Marathon.
City of WauSau.
VOCATIONAL SCHOOL EQUIPMENT
No. BONDS. 100000
Know All Men BY These Presents, That the
City of Wausau, in the county of Marathon
! and State of Wisconsin. acknowledges itself tc
owe and for value received hereby promises
to pay 10 the bearer on the LIST dag of October
1929 the principal sum of one thousand dollars
| (S10O0.00) together with interest on said sum
from the date hereof until paid, at the rate OF
| five per cent per annum. payable semi-annu-
| ally on the first days of April and October In
each year in accordance with and upon pre-
sentation and surrender OF the interest cou-
pons hereto attached as they severally become
due, both principal and interest hereof are
payable in lawful money of the United States
| of America. at the office OF the treasurer oil
| said city, and for prompt payment of this
bond. with interest, as aforesaid at maturity
the full faith credit and resources Of said city
| are hereby irrevOcably pledged. This bond is
/ issued for the purpose OF providing funds
/ for purchasing equipment for the Vocationa
| School of the city of Wausau in accordance
| with the provisions of a resolution duly passed
| by its Common Council. and in II respects IN
| full compliance with the provisions Of tbs
| laws of the state OF Wisconsin. IN such case
| made and provided: and in particular sections
g25- 1873, 9i2 and 943 OF the Wisconsin Statutes o.
| 1898, together with all acts amendatory there
OF or supplemental thereto.
1t is hereby certified and recited that IL
4 acts. conditions and things required by tn
! constitution and laws of the state of Wiscon
4 sin. to be done precedent 20. and in the fssu'
/ of this bond, have been properly done. hap
pened and been performed in regular and dui
\ form and time as required by law, and tina
the total Indebtedness OF said city. including
| this bond, does not exceed any constitutions
| or statutory Limitation. and that provision
| has been has been made for the collection of
| direct annual tax in addition 70 all other take
| on all Of the taxable property Of the said cit
sufficient to pay and discharge the principa
| hereof at maturity
In Testimony Whereof, the said city Of Wau
sau, by its Common Council has caused IL
| corporate seal to be hereto affixed and thi
bond 20 be signed by its mayor and atteste
| by its city clerk and the interest coupon
| hereto attached TO be signed with the litho
+ graphed signatures OF said mayor and clerk
all as Of the first day OF October A. ID. 1919
JOHN l.. SELL magor.
! Attest: FRANK N BLECHA. City Clerk.
(Coupon)
| Number October lst, 1919: ESQ
1 The City Of WauSau viii pay the bearer tn
sum Of twenty-five dollars In lawful money Q
| the United states Of America at the Office Q
its treasurer as semi annual interest due tina
day. on its Vocational School Eduipmen
Bonds, dated October LIST. 1919. number
JOHN L. SELL, Mayor.
FRANK n, BLECHA. City ClerL
Fourth: For the purpose Of providing fo
/ the u4vmeut Of the uriucfual and fnfaresf r
due. there shall be and there hereby Is Ievie
upon all taxable property within the said cit
of Wausau. in addition TO all other taxes.
direct annual tax sufficient 10 pay the intere.
| on such bonds as the same falls due such IA
TO be spread and collected with the reguIa
city tax for the years 1919 to fszs. inclusiy'
and further q direct tax for the payment {
the principal thereon when the same become
due. as follows, l. e.: There Is hereby Ieyie
upon the taxable property Of the City {
Wansau. to be spread and collected with Ii
| taxes OF 1928, the sum OF twenty-five thousau
| dollars TO pay numbers one to twenty-five IN
| elusive OF said bond. falling due Oct. I. 1873
Fifth. The said bonds shall be negotiate
and sold By the mayor and finance committe
Of the Common Council OF said city at not lie.
| than their par value and the proceeds Of sal
bonds shall be used for the purpoee OF pul
chasing the equipment necessary for said w
cztional schooi Ia the city Of Wausau
This ordinance shall be In effect on and a
ter it's passage and publication as required B
| law
Adopted this 9Th day Of August 1873
Il A.. -. n