Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-12-18
AN ORDINANCE

80 authorize the creation q loan or co loans 3nS,
ne sum OF tttcen lnli.s lnli.ipn rt9iVV0 -tion of "
loan in the sum Of furty-two mullon lou lou
ana nadTG5 and CRY ho4q s 5 5eSen doara pro
Sb9bd d fr BY 9n ordipinGpce 1iG 2PpFTTdH FSTrdnanee
Of June 70 1919, The saio niteen million on
dollars to be used toward the ersCtiopi iis'I ~
the Free Library or Phusdelphlai to pay
damages for the heretofore aujA9ri5S5a 5ira az
cpenins. widening aud changing OF BIAae
OF streets. construction OF sewers ,oa COT
aemnation Of parks and other pprposes; ~
South Philadelphia; toward the ACQUISITION
OF and payment for property. freSStlv,n 7,
aud sewerage system OF FrauRtord creek
area; toward the acquisition Of property
ior property iefotofGro her re taEon and to b,
taken for Fairmount aud other va, patkiS; ia;;
qf main sewers in Vcnango. Bger and
Packer streets; construction Of branch
streets. Improvement Of country roads;
naving interscCti' as; Improvement OF me
q the South Broad Street Boujovard'
Plaza League Island Park and Govern,
Convention Hall; toward acquisition ,of
n6 9md erection and cg9struGton and eau sdIitpi p
gggdGg 54e sgpeTyision O DC ne Depsrtaieai5
~, ,gc ,or erection, of an Xrt Museum. ,,,,,
ha That the Maycr, city Solicitor and, CITY
CONTROLLER. or any two OF thsm be aud they
Tines aud in sueh pTopo2SSs SSrGT GST he SG Gg
demand. from the highest bidder or bidders
he iaiih and credit Ff' OF the hess city ts" Of 'h Fha
ueiphln, a sum Ur sums which in the 1sgre-
900 OCoj dolnTs SSns thS ,'G unissned oP portion
~ a loan Of forty-twU million four hundred
nnetyseyen tGa i5S 7o 'ed dolars qsoF plovidaG
oP9r IP9r ,, og an ordnance approved the 2Oth day
the said Ordinance Of june -. i0i8; the said
hitecn million u0,O0H, OOOl dollars TO bu OK
nsh9,tsdI ,tI as provided for IN the second section
Sec 2 The money raised by tho loan o.
Ordinance shall DO used for the following
nurposes. to Wit; Toward the erection RnC
Free Library of Ph,i"deIphHisa.' Ha'ip'MS twS miiof
Lopr hundred and fifty thousand (2.iJO, 600
totore authorized opening widenlng snC
chHnElng or grade of streets. construction O
md other pdrposSs thirty Fl TSPst thousand GT Pe ar
OOVl dollars; toward the removal OF grad,
Ssl %atdd d S3TSn S"Tdh iMRadGpHa M s per
six hundred thousand t7.G6O. OOO) dollars
construction Of sewage disposal planIs anC
seweraEe, system Of FTankford creek area
one million four hundred ana thirty-eigh
thousand u,43S,OOO dollars. toward tn
scgulsition Of aud payment for propert!
fifteen thousand u5,0OO) dollars; TO pay 10
IropeIty heretofore taken and TO be takeT
four thousand "a OOoj Collars construcil6r
% man sewers four hundred Thousand
sewers in Biglor and PscEeT Streets. ifIii fou,
hundrcd thousand 600, OUD) dollars. and II
Eepans9 Street forty thousand 90 OOO doi
thousand $50, OO0) d,llars; construction o
ists6 gfading streets. twenty-four Thousand
l,oool dollars; mprovement of countr!
paving intersections twenty-eishi thoussnt
!2s,COOl dollars: imT rVyenlcnt OF tho fol
Hotne and Progressing avenues one h9Hdrel
and sixty thousand l6O.OO0( dollars: Tor IN,
street Boulevard. Plaza. League island Par
and Government avenue, i've hundred AM
tte construction of II Convention Hall sup
nlementinE money borrowed under an Ordl
sand t.O,oQO) dollars; toward the ac9uistior
OF lahd' erection co1STuction and equip
the SUPERVISION and direction Of The Dc
%G %nS Ranrsd Sf R9S FSan 9d do5, Gatf
w&rd the S6S eTSG9H 6CG of an Art Museum on
Sec 8. Interest on the said loan nt n rat,
not exceeding four and one half (4hj pe
cesntgr9 ger @nngm shall bo oaid by the cit!
S5fige y tss fssai, agency OF ty the city '@ q
shall be in the usual form. in such amount!
as Tie Lender may require in the sums o
one hundred (lOO) dollars and its multiuI . q
Vi registered or coupon forms and it shaI
be expressed in the said certincates that M,
loan therein mentioned Is payable in thirt,
years after date thereof. and that the prin
ci5al and interest on said uan are pa Va bI,
from all taxes.
Soc. T. Whenever any Ioan shall h
created by virtue OF this Ordinance, there is
BY force of this, Ordinance, an annual ia,
levied OF six and one.half (Gba) per Centup
issued to pay the interest, also the prin
cipal of such loan within thirty years an,
Iero Is thereby annually appropriated to tn
| Commissioners G. the. Sinking Fund. out o.
| the taxes so collected, a sum sufficient Il
pay the interest son said loan. also the prIn
| c,pal thereof, within thirty years and al
| the sa'np hf comes payable. -'he approprIa
| lion Tor the Interest to be pt.d seraiannually
said Commissioners