Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1919-09-11

Il. bEl0Ie, N1dyOI, L itoluluS'
Alderman's present: John Ernser,
John hamburg, VIM. Burchell, Ferd
Link, Lacy Horton, NJ. C. Geoghan, W.
w Hickman, Jas. Lynch, Peter Tom
syck, Matt Schlig, Mark Whitrock,
Fred Jackson, Ben Hanson, Mike Lee
mense and w. Gardner. Absent:
Otto Roenius. Council called to or
der. Motion duly made and seconded
that the reading Of the minutes Of
the last meeting be dispensed with,
motion carried.
General Business Committee repor-
ted on the petition for the arch lights
on Ninth Avenue and Van Buren, ST.,
Tenth Avenue North and recommen-
ded that the petition be denied. Mo
ton made and seconded that the Com
mittee's report be adopted, same car
ried on roll call Alderman's Bam-
burg, Burchell Link, Horton, Geoghan
Jackson, Hanson, and Gardner voting
Aye. Ernser, Hickman, Lynch, Tom
syck, Schlig, Whitrock and Lemense
voting No.
Street Committee reported favor
ably on Third Avenue North paving
to Butler Street and directed the City
Attorney to take the proper legal
steps therefor, motion unanimously
carried ON role call.
Petition for a arch light on Chest
nut street presented and referred to
the General Business Committee.
Motion duly made, seconded and
carried that the City Engineer be in
structed to cause a main hole to be
installed at the intersection of Oak,
First and Second Street.
The City Clerk having presented
due proof that the proposed ordinance
with reference to the issuance of $780,
900 Streets Bonds was duly published
in the Daily Leader the official paper
of the City of Grand Rapids, more
than one week prior to this meeting,
to-Wit:
on the 25th day of August 1919 and
due proof of such publication being on
file in his office said proposed ordi-
nance was thereuLon called and read
to the Council together with the proof
of publication. Alderman Bamberc
thereupon duly moved and Aid. Bur-
chell duly seconded said motion that
ordinance No. 216 be adopted, said or
dinance being as follows:
ORDINANCE NO. PIG
AN ORDINANCE providing
for the issuance of $4,000
C+root Of
the City of Grand Rapids,
Wisconsin.
WHEREAS, certain of 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 by this City,
and in order to make such payment, it
is necessary to borrow said sum of
10000 and issue the bonds of said
City therefor: u
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 $780,
900 for the purpose of paying for such
street improvements land that bonds
be issued therefor.
Section 2 That said bonds be
thirty in number, of the denomination
of $1,000 each, numbered from 1 to
80, both numbers included, dated July
/, 1919 land be due and payable in
numerical 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 (5) per cent per annum,
payable semi annually on the first day
of January and of July each year from
the date of said bonds until payment
thereof respectively land that such in
terest be evidenced by coupons at
tached 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 evil
dencing the interest thereon be signed
by said officers by their respective
facsimile signatures, which said Off
GERS shall, by the execution of said
bonds, adopt as and for their respec-
tive signatures, their respective fac
simile signatures appearing on said
coupons land that said bonds and cou-
pons be payable at the office of the
City Treasurer of and in City of
Grand Rapids.
Section g That such bonds and
coupons be in substantially the fol-
lowing forms:
(FORM OF BOND)
UNITED STATES OF AMERICA
STATE OF WISE, co. 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 County of Wood and State
of Wisconsin, acknowledges itself to
owe and for value received promises
to pay to bearer the sum of One
Thousand Dollars (S1,000) or the
First day of January, 10, with in
terest thereon at the rate of five (5)
per cent per annum from the date
hereof until paid, payable semi-annual
ly on the first day of January and of
July of each year upon presentation &
surrender of the interest coupons here
to attached as they Severallv mature