The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-12-19
100000
STREET INTERSECTION I'M
PRONEMENT BOND. i.

/ -NN NDuN.uN
STREET INTERSECTION I'M
PRoyEMENT BOND.
City OF Louisa, State OF Kentucky
Know all men by these prescrits:
That the city OF Louisa, In State OF
Kentucky promises 10 pay the bearer
the sum OF Five Hundred Dollars
| CS5O0J on the. 90. day OF ....,.42, 80
int the Louisa National Bank. Louisa,
Kentucky, with interest thereon ut the
rate of six per cent per annum from
| the date hereof payable annually, UNI
til the payment OF said principal sum,
upon presentation and surrender OF the
proper coupon annexed hereto, at said
Louisa National Bank. al Louisa, Ken
lucky, for the payment OF which said
sum and interest, the faith and credit
Of the City or Louisa Is hereby held
and firmly bound The principal sum
Of this bond shall be payable ut ma
,urity upon presentation and surrender
OF same ~ the Louisa National Bank
OF Louisa Kentucky
The right is reserved to redeem this
bond at the option of the City OF Lou
isa at any interest paying period thore5
of thnt does not occur within two years.
Of the date thereof The owner OF this
bond shall notify the city Clerk OF his
postonice address and OF any changes
ihereini. and notice shall he given 10
the said holder at such address or n
10 address is given then to his iilst
known address, at least twenty t20)
days before saia bond is redeemed This
bond shall not bear intcrnst after the
date fixed for its redemption by said
notice,
This bond is one OF series OF bonds
known and designated In the ordinance
as street Intersection Improvement
Bond" and numbered from ono ~ TO
twenty 2O) Inclusive for Five Hundred
Dollars lS500) each and issued under
he authority granted by Chapter i22,
Section 3, Acts OF 1912. OF the General
Assembly Of Kentucky and in accor~
dance with an ordinance authorizing
the usual OF same duly adopted by the
city Council OF the City OF Louisa on
the 18th dRy of December. 1919.
In testimony whereof. this bond has
been signed by the Mayor and counter
signed by the City Treasurer and-duly
attcsted by the city Clerk, under the
seal d the said city. on this. day
OF s....., s.....s...p H..
,.........,..Y.,,.. Mayor
.t......!....s.s., Treasurer
Attest: ss..s,.. - City Clerk
ON each OF said bonds shall be at
iached the appropriate number Of cou-
pons for the amount Of Thirty Dollars
tSs0) each. and the interest coupons
upon each of said bonds shall bear the
facsimile OF the Mayor. Treasurer and
City Clerk, The said coupons shall be
In substance and form as follows:
COUPON.
on tho day OF. ,..,....,... H.,
the city Of Louisa. Kentucky, out OF
the same fund from which this bond is
payable will pay the bearer the sum OF
Thirty Dollars $4,000 at the Louisa
National Bank. of Louisa. Kentucky,
being one years interest on the at
tached bond issued pursuant to or
.dinance OF the said City of Louisa, duly
adopted by the City Council on the
10th day OF December. 1919, for paving
and known and designated In the or
dinance as Street Intersection Inn
nrovtment Bonds.
.....,....,..,..sa... Mayor,
Neutrality-suspicious.. Treasurer
Attest; .,a,,.... city Clerk
For the purpose OF redeemlng said
bonds MS they shall mature in one, two.
three. four, FIVE, six. seven. eight. nine
and ten years respectively, after date.
and paying the interest thereon an
nually, there may be levied by the city
Council tax of not TO exceed twenty
five cents (25c) on each one hundred
dollars worth of taxable property am
nually located within the corporate
limits of said City ito be known ms
Street Intersection Improvement Tax"
and shall be placed upon the tax list
of the City and shall be collected at the
same time and In the same manner
that other City taxes are collected an
nually for a period Of ten Years, and
this tax shall be kept by the City
Treasurer In a separate fund for the
redemption of said Street Improve
ment Bonds" and the paying of the in
terest thereon as II shall become due,
and the redeeming of the bonds at date
of maturity.
Section 13. All ordinances and parts
of ordinances in conflict herewith are
hereby repealed.
Section "a This ordinance shall be
in force and effect from and after its
adoption and publication In the manner
provided by law.
Offered and read az regular meeting