Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1920-06-05
OTTAWA. H.. Nav 26. 1920.

Ottawa. H., May &c. 1920.
Regular meeting of Council of the
City of Ottawas Illinois.
Present; Mayor Geo. V, b. Weeks
Commissioners VIM Bradley, Edwd
Dougherty, Dana NJ Palmer, Chas. J,
Sicklen,
Absent: None.
Minutes of last meeting read.
Moved by Commissioner Palmer
that the minute be approved as read.
Ayes: Bradley Dougherty, Palmer,
Sticklen, Weeks.
Nays. None.
Motion carried.
Mayor Weeks presented ordinance
for the issuance Of Goose Creek drain
age bonds, as follows;
An Ordinance
Authorizing the issuance of Goose
Creek drainage bonds to the amount
Of Ss5 100000 and providing for the
pal Inent thereof.
Be It Ordained by the Council of the
City of Ottawa, illinois,
Sec. /. That for the purpose Of
constructing an open ditch in the City
of Ottawa for the diversion of the
water new flowing through what Is
commonly known as Goose Creek,
there are hereby authorized to be is
sued twenty-five (25) Goose Creek
drainage bonds of One Thusand Dol
lars Sl,00000) each to be dated July
list, 1920, each bearing interest eyi
denced by coupons at the rate OF five
(5) per centum per annum payable
semi-annually. Two Thousand Dol
lars tS20000) in amount OF said
bonds shall become due on the frs
day of July of each of the years 1921, /
1922, 1923, 1924, 1929 and 1926; and
Three Thousand Dollars (S3,0oo.0o) in /
amount Of said bonds shall become /
due on the first day OF July of each |
of the years 1927. 1928, 1929. and Four
Thousand Dollars ($4,00000). in
amount of said bonds shall become
due on the first day of July, 1890
Sec. 2, The bonds hereby author
ibed shall be in substantially the fol-
lowing form:
United States Of America, State of
Illinois, City of Ottawa.
No. Goose Creek Drainage
Bonds. 100000.
Know all men by these presents
that the City of Ottawa in the County
of La Sale and State of Illinois, ac-
knowledges to owe and for value re
ceived hereby promises to pay to
bearer One Thousand Dollars (S1,090,-
00) on the first day of July, 10, with
interest thereon from the date here
of at the rate of five 90 per Centum
per annum, payable semi-annually on
the first day of July and OF January
IN each year on presentation and sur
render of the annex interest coupons
as they severally become due Both
principal and interest OF this bona
are hereby made payable in gold coin
of the United States of the present
standard of weight and tineness at
the First National Bank in the City
of Chicago Illinois.
This bond is one Of series OF like
tenor, except maturity, issued for the
purpose Of constructing an open
drainage ditch for the diversion Of
the waters of Goose Creek in said
city under the authority Of Chapter
NHlV Of the Revised Statutes Of the /
State Of Illinois, and Of an ordinance |
of the City Of Ottawa duly passed /
and Is further authorized by an cleo |.
ton duly called and held.
II is hereby certified and recited /
that all acts, conditions and things |
required to be done precedent TO and |
in the issuing of this bond have been +.
done, happened and been performed
in the regular and due form as re-
quired by law, and that the total in
debtedness Of the City of ottawa, in
GLIDING this bond does not exceed the
statutory or constitutional limitations
In witness whereof the City Of OF
taWa, Illinois, has caused this bond to
be sealed with its corporate seal,
signed by its mayor, attested by its
clerk, and has caused the annex in
terest coupons to be executed by the
facsimile signatures of said officers
this ---------- day of ------ 1920.
Mayor.