Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1920-11-10


and rates or wster rentals have been approved
BY the Wisconsin Railroad Commission based
/ upon 7ec earning capaeiay or hat portion
of the Plant devoted 70 private 81. vice.
Now, Therefore. The Common Council Of the
City Of NiroQua, do ordain as follows:
Section L. That the power granted to the
City Of Niroqua to provide for the payment of
construction of necessary additions, extensions
and Improvements of its water works s,stenn
by the sale of bonds payable out of the reve-
nues of said water works system be and here
by IS exercised. pursuant to Chapter SOS Laws
Of Wisconsin for 1919.
Section 2. That it is necessary and the City
| Of Niroqus hereby orders constructed addition
al wells. reservoirs, water mains water works.
machinery and equipment so as 10 supply ad-
dltional water and extend the service. at a
cost Of not 10 exceed $4,000.
Section s. That the entire revenue and in
come of the said water works utility be and
hereby IS set aside into q separate and special
fund to be used and applied for the mainte-
nance and operation thereof, and to provide
for the payment Of the cost Of construction
thereof. And It is hereby ordered and deter
mined.
| /. That the proportion Of revenues Of such
public utility which shall be necessary for the
reasonable and proper operation and nainte-
nance thereof Is thirty pereentum per snnum,
/ . That the proportion OF revenues Of such
public utility which shall annually be set aside
as proper and adequate depreciation account
| Is ten percentum.
3. That the fixed proportion of said reve-
nues Of said utility. which shall be set aside
annually, for ten years following the passage
and publication of this ordinance. and appli-
I ca TO the payment OF the PRINCIPAL and inter-
I est OF said $50, 600 Of bonds herein authorized
to be issued and sold, is sixty per centum
| That the aforesaid fixed proportion of the
/ revenues Of said utility herein directed 70 be
+ set aside FOR the several purpose above men
toned shall be used and applied exclusively for
: the several purposes for which the same are
oroeFeq set aside, except that 81 a surplus Is
created in any Of said funds The same shall be
uses, disposed OF and expended as provided by
saic CHARTER $50 Laws 81 Wisconsin for 1918.
srf- I s-alfF i.
De set aside for the payment al the principal
aaG interest OF the bonds herein authorized
( small FROM month 70 month. IS the same shall
atefOe and be received be set aside and paid
/ 1910 . special accC ant in the Treasury of said
City oi NfyQQua 70 be iaentiGcd us The Virc-
qua Water Works Bond and Interest Redemp-
/ Section o. The reasonable cost and value Of
Iire protection service furnished oy the said
Water Works utility TO the eity Of Viroqua
silatl oe and hereby Is liked al the sum CT
$500 Per month, and the same shall be raid
monthly into the Niroqua Water Works Bond
and Interest Redemption Account, monthly
as one Of the current expenses ot said city Of
NrcqUa, and into the operation and ma5ntA-
nance fund. and the depreciation account in
the came proportions as revenue derived from
private consumers, that Is 70 say. 3Gt for oper-
ation and maintenance, 1866 for depreciation
and SO for water works bonds. interest and
redemption account.
section e. That the Mayor and CITY CLERK
OF the City of ViroQua be. and hereby are
empowered. authorized directed and required
/ to forthwith have printed coupon bonds OF the
Water Works utility. owned by said CITY Of
Viroqua. To the amount Of S40.O and 10 be
/ known as Water Works Bonds.
Section q SAID bonds shall be- numbered
lconsccutivcly one TO eighty inclusive and
shall he Of the denomination of $500 each
/ They shall be made payable TO bearer at the
Office Of the City Treasurer, Eiroqua Wiscon-
sin, and shall become due and payable as
follows:
Numbers /, 2, 8. 4, 3, 6. Z, s, 81. 10. shall be-
come due December list. 1922.
Numbers II, 70, 10. a. IS. le II 1s 10
and 20 shall become due December lst 1928.
Numbers p. p. %, "a, %. 26. p, 2s, %,
and so. shall become due December LIST 1924.
Numbers 81, 80. SO. "a. So, 2B 81 IS go
and 30. shall become due December 1st 1925.
Numbers Al, -, 40. "a. 40. 40 A., as 4q
and 80 shall become due Decerlber lst 1926.
Numbers 81. 81, 80. 81. 90, &c, 81, SO. So
and so shall become due December lat 1927.
Numbers 81, 62, So, 81, So. S. 81, es 90
and 70 shall become due December LIST 1928.
Numbers IL 70 49, a. 49, u.s. ri ~ 20
and so shall become due Decernber lst 1920 -
Each Of said bonds shall hear interest from
their date at the rate Of g. six percentum
per annum. payable semi-arinuay, the first
day OF December and first day q June in each
year.
Section 8. Said bonds shall be dated and
interest shall commence to run thereon ne
cember LIST, 1920 provided that if any OF said
bonds shall be sold at subsequent date the
accrued interest then due shall be paid by the
purchaser at the time of delivery.
Section 9. Said bonds shall be signed by the
Mayor and City Clerk Of thy City Of Viroqua.
Wisconsin, personally, and the seal Of the CITY
Of Viroqua shall be affixed thereto
Section 10. Coupons shall be attached TO
each of said bonds for each offsaid semi-annuai
installments of interest, which said coupons
shall have lithographed thereon the fac-simile
SIGNATURES of the Mayor and Clerk Of said City.
| Section IL. Said bonds shall be negotiated
and sold by the Mayor and City Clerk of said
| City Of Viroqua, acting agents of the City
| of Niroqua for the purpose, and the money
derived therefrom shall be used exclusively for
the construction of the proposed extension of
the water works plant Of said city, additional
wells. mains, waterworks and equipment. here
tofore adopted. approved and ordered construct
| ed by said City of Viroqua The proceeds of
the sale thereof shall be deposited in the city
treasury and used for no other purpose.
Section IL. Said bonds shall be substan-
tally in the following forms
This water works bond is not a general oh
legation of the City of Viroqua. II is payable
only from the special water works fund de-
rived entirely from the rentals received from
its water works service II does not consti-
tute an Indebtedness of the City of Viroqua -
UNITED STATES OF AMERICA
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