River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1920-05-20
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STATE OF WISCONSIN
City of River Falls
ELECTRIC POWER BONDS

ais, iC1SCs anu ~. SiOiA SOuutiSo,
Wisconsin, acknowledge itself in
debted, and for value received, prom
Use to pay the bearer
ONE THOUSAND DOLLAR
(S1000.00), lawful money of the I'm
tied States Of America, on the first
day of February, A. d. 10. with
interest from date until due and paid
at the rate of six per cent per annum
payable semi-annually on the first
days of August and February in each
year, on presentation and surrender
of the annexed interest coupons, both
principal and interest being payable
at the office of the City Treasurer of
said City.
This bond is one of a series of
bonds aggregating the sum of twenty
thousand dollars (S20,000.00) of like
date and tenor, but differing as to ma
turtles, which are issued by said City
for the purpose of raising money for
the construction and extension of
waterworks and electric plants under
authority of and in strict accordance
with the provisions of section 926-11
Wisconsin Statutes 1919 and any acts
amendatory thereof and supplement
al thereto.
It is hereby certified, recited and de-
clared that the total Indebtedness of
said City, including this bond, does
not exceed any constitutional or
statutory limit, and that prior to the
issuance and delivery of this bond
the Common Council of said City has
provided for the collection of direct
annual tax upon all the taxable prop
erty in said City, in addition to all
other taxes, sufficient to pay
the interest upon said bonds as it
falls due, and also to pay and dis
charge the principal thereof as it ma
lures, and that all acts, conditions and
things required to be done precedent
to and in the issuance of this bond
have been properly done, happened
and performed in regular and due
form and time as required by the
constitution and laws of the State of
Wisconsin.
The full faith, credit and resources
of said City are hereby irrevocably
pledged for the runctual payment of
the principal and interest of this bond
at maturity.
In witness whereof the said City of
River Falls, Wisconsin, has executed
this bond by causing it's Mayor and
City Clerk to sign their names and
affix the seal of said City thereto this
1st day of June A. D. 1920.
................ Mayor
........... City Clerk
That the coupons attached to said
bonds shall be substantially in the fol-
lowing form:
No.. S......
The City of River Falls, Wisconsin,
will pay to bearer. ............
dollars fS......) at the Office of the
City Treasurer of said City on the
August,
first day of A. D. 10. being
February,
the interest then due on its Electric
Power bond, dated June 1st, 1920,
No..
............M Mayor
.........C City Clerk
SECTION 3. That to provide for
the payment of the principal of said
bonds and the interest thereof, as the
same may become due, direct an
nual tax is hereby levied upon all the
taxable property in said City in adj
dition to al other taxes, sufficient to
ray, when due, the interest annually
to grow due upon said bonds, and al
so to pay and discharge the principal
thereof by the time the same shall be-
come due.
SECTION A. That said bonds and
the coupons thereto attached shall be
signed by the Mayor and the City
Clerk, and the Seal of said City shall
be affixed by the City Clerk. That
the signatures of said Mayor and City
Clerk upon the coupons of said bonds
may be their fac-simile signatures
printed, Autographed or engraved.
SECTION 5. That said bonds, when
so executed, shall be placed in the
custody of the City Treasurer of said
City, to be sold and delivered under
the Councils direction, and that the
proceeds of the sale of said. bonds
shall be used for the purposes speci-
fed therein, and for such purposes
only.