The Owosso times., 1920-12-17

ratified and confirmed by this Commission and
tine amount OF said special assessments ordered
stailments. one installment to be collected
during the current year, and one instalment In
each OF the two years next following:
Resolved. by the commission Of the City
OF owosso, that for the purpose OF raising. by
loan sufficient fu IDS TO paw that port on of "
cost and expenses I the said bouleyard lights
construction to be raised by special assessment
thsre be issued he negotiable coupon bonds OF
tne City OF Owosso In the total sum OF Sixteen
Thousand Dollars ti6,, OO.OU) and that the said
ponds be negotiated at par value; that said
ponds shall be six q EN- In number, shall be num-
bertd consecutively from one Ito sixteen. and
shall each be OF the de- omination of One Thou
sand Dollars % OOo'0), shall be dated the 2Vth
DAY or December, 1920 shall full due respec-
lively,
Nos to O. inclusive, on Dec 90 1921
NOS TO IL. inclusive, on Dec. co. i9S2
Nos. IL to l6 inclusive, on Dec. 20, 1923,
and shall each bear interest from date at the
coupons to be attached to each bond as they
shall severally fall due said Iupons TO num-
bered consecutively on each bond, and each TO
bear the number of the bond to VIII ch IL is at
| tached both principal ond interest OF said
bonds TO be payable at the offce OF the Treas
payment of the said bonlis the fuil faith, credit
and resources OF the City OF Owosso shall br
pledged, the form OF said bonds and coupons to
be substantially as follows:
STATE OF MICHIGAN
COUNTY OF SHIAwAssEE
No. l. CITY OF owOSsO $1,000
Boulevard Light Special Assessment Bond
Know all men by these presents that the
City of Owosso. in the County of Shiawassee
and State of Michigan a municipal corpora
tion. hereby acknowledges itself justly in
debted and for value received promises to
pay to the bearer the sum of One Thousa sand
Dollars $50 600, lawful money OF ,he United
STATS OF America on the Goth day OF December,
WI at the Office OF the City Treasurer, Ow osso.
Mlcnlgnn, WITH interest from the date hereof
until paid at the rate OF six per cent per annum,
payable semi annually on the twentieth days OF
June ana December OF each and every year
from the date hereof on presentation ard sur
render OF the proper interest coupons attach d
hereto as they sh al severally become due.
rms bond is one OF series of sixteen bonds
OF IKE GATE and tenor except as to d e of ma
turity issue by authority OF tue Commission of
the CITY or OwoSSo for the purpose OF providing
FUNDS to pay that portion OF the cost, and ex-
pehses or constructing system of boulevard
ei. ctric lights on certain portions OF Main,
Washington, Ball and Exchange Str cts In the
City OF OwosSo specially assessed against the
lots ana owners thereof abutting on the i'm
provement, under and by virtue of the provi-
slons OF Chapters fifteen and eighteen of the
Charter OF the City OF Owosso, and the princ-
pal and interest thereof, and the series of
the special assessments levied again the .wn-
ers O. property liable 20 be specially assessed
Ior tbe said improvement or out OF the general
boulevard Light Fund; and this bond and
the series OF which 1t is part, are hereby de-
clared TO be on-asseSSable for taxes under the
laws OF the State Of Michigan.
1t is hereby recited, certified and declared
that all acts, conditions and things required by
the constitution and laws Of the State of Michi.
gan or the charter OF said city to exist, happ, n
and be performed precedent to or in the issu-
ance OF this bond have existed. happened and
been performed In regular and due time, man.
ncr and form as required by law; and for the
prompt payment OF principal and interest of
this bond wht n du-, the full faith, credit and
resources OF the City OF Owos-o are hereby ir-
revocably pledged; ana 1t is further recited and
declared that the total indebtedness OF the said
City OF Owosso including this bond aud the
series OF which II forms part. does not exceed
any const tutional, statutory or char .er limita-
ton.
In witness WI ereof the Commission OF the
City or Owt $50 have caused this bond to be
signed by the Mayor and countersigned by the
Clerk OF said City, and the corporate seal OF
said City to be hereto af1ixed, and the interest
coupe hereto attached to be execute with
the printed facsimile of the said Mayor aad
Clerk on this Goth day OF December, 1920.
CITY OF OWoSSO.
c Undersigned y..................... ....