The Owosso times. (Owosso, Mich.) 1897-1926, 1920-07-02
The following resolution was presented
and on motion of Mr.. Rosevear same was adopt
ed; ayes, Rosevear. Stebbins and Wright:
Resolution No. 49,

Resolution No. Is.
Resolved, by the Commission Of the City
of Owosso that the Mayor be- and he is hereby
directed and authorized to cause to be issued and
negotiated at par the bonds of the City of Owosso
in the sum OF sixteen thousand (Sl6000) dollars
for the purpose of defraying the citys portion OF
the cost and expense of constructing and erecting
a system of conduits and boulevard lights along
and upon both sides of Main Street from the
bridge over the Shiawassee River west to the
right of way of the Ann Arbor Railroad Company.
and Washington Street from the Grand Trunk
Railroad north to Mason Street; Ball Street from
Main Street north TO Mason Street; Exchange
Street from the east line of Park Street west to
Water Street and Main Street from Saginaw
Street west to the bridge over the Shawassee
river.
Said bonds will be known as Boulevard Light
Bonds and shall be sixteen in number of the de-
nomination of one thousand $4,000 dollars each.
and shall be numbered consecutvely from one To
sixteen inclusive, and shall bear date the first
day of August, 1920 and shall be due and payable
the first day of August of 1885. and shall bear
interest at the rate of per cent per annum, pay
able sem-annualy on the first day of August
and February in each year, the several install
ments of interest to be evidenced by serially num-
bered coupons attached to said bonds and both
principal and interest shall be payable at the
office OF the Treasurer OF the said City of Owosso
Michigan.
Said bonds shall be signed by the Mayor and
attested by the City Clerk. and have affixed
thereto the common seal of said city. and the in
printed autographed thereon fac-similes of the
signatures of the Mayor and City Clerk.
The Mayor and City Clerk are hereby authorized
and directed to execute said bonds as herein pro-
vided therein, pledging the faith, credit and rev.
enues of said City for the payment of principal
and interest thereof at maturity, and when so
executed to deliver same to the purchaser thereof
on receipt of the purchase price, which shall not
be less than par and accrued interest at the date
of the delivery.
There shall be created a sinking fund to pay
maintaining such sinking fund there shall be an
nually levied and collected such an amount as will
be sufficient to pay said bonds at maturity.
The following resolution was presented and
on motion of Mr.. Roseyear same was adopted;
ayes, Roseveart Stebbins and Wright.
Resolution No. IL.
Whereas. the Commission of the City of Owosso
has adopted the resolutions declaring il a neces-
sary public improvement that a system of con-
duits and boulevard lights be erected along and
upon both sides of each of the following streets
Washington Street from the Grand Trunk Rail
road Company north to Mason Street: Ball Street
from Main Street north to Mason Street; Ex-
change Street from the east line of Park street
west to Water Street: and Main Street from Sag
NAV Street west to the right of way of the Ann
Arbor Railroad Company.
Now, therefore, be it resolved by the Commits
sion of the City of Owosso that the Commissioner
of Public Utilities be and he is hereby directed
and authorized to advertise and obtain bids for
the work and materials and labor in the furnish
ing and constructing of the materials for said
boulevard lights and conduits provided for in
the plans and specifications now file in the City