The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1920-08-27
PROPOSED ORDINANCE

An ordinance authorizing the issue of bonds
the City of Edgerton, Rock County, Wis.
Id Fifty Dollars ($92sOOO), and amending
a. ordinance adopted the End day of
ebruary, 1920
WHEREAS an ordinance was duly adopted
the Common Council of the City of Edger-
IN on the End day of February, 1920, being
ordinance No. l02, providing for the issuance
$925OOO) of bonds of said city for the purpose
f purchasing fire truck and providing a
for said bonds and levying tax for the
purpose of paying the principal and interest
WHEREAS a proposition for their issue
for the social purpose thereof has been SUBJ
mitted to the people of the said city and duly
adopted by majority voting thereon in
cordance with Sec. 943 Wisconsin Statutes
and
WHEREAS the said ordinance provides
of i've per cent. $50 per annum and shall
not be sold for less than their face value; and
WHEREAS because of present conditions
it is found impossible to sell the said bonds
at par unless the interest rate thereof be in
creased to six per cent (696); and
WHEREAS said bonds to be issued in
compliance with Sections 925-133 and CAB of
the Wisconsin Statutes instead of Sections
926l1 and 943 of said statutes as recited in
said previous ordinance;
WHEREFORE the Common Council of the
City of Edgerton do ordain follows:
Sec. l. That said ordinance be and the
same hereby is amended to read as follows:
truck 5at ff b fne I ct p Te
be and hereby is authorized the issue of the
city Of Edgerton municipal bonds to the
Do H s. sSd bO adrf shall hnf Be ry
secutively numbered from l to 19. Bonds
numbered |, 2, 3, q, S, 6, T. 8, g., 10 II, IL, 13,
L, 15 l6, u, and 1S shall be in the bed denomina;;
bond No. 10 shall be in the denomination of
Two Hundred and Fifty Dollars ($25O.OO.
That said bonds shall bear date as of the
Os,I IL, sc Ill L. 4
by the mayor and city clerk and attested by
the corporate seal of the City of Edgerton,
and shall be issued in all respects in compli-
ance with the requirements of Sections 92S-133
and 943 of the Wisconsin Statutes. The
bonds shall bear interest at the rate of six
per cent. (6%) per annum, payable at the
Edgerton the End days of August and Feb
ruary in each year, evidenced by interest
coupons attached to each of said bonds. The
bonds shall be payable at the office of the
lows:
Bond No. l shall be payable February 2,
1922
Bond No. 2 shall be payable February 2,
1928
Bond No. shall be payable February Q,
1924
Bond No. shall be payable February 2,
1925,
Bond No. shall be payable February 2,
1926,
Bond No shall be payable February 2,
1927
Bond No. shall be payable February 2,
1923,
Bond No. shall be payable February 2,
1929,
Bond No 9 shall be payable February 2,
1880,
Bond No. 10 shall be payable February 2,
1881,
Bond No. IL shall be payable February 2,
1882,
Bond No. IL shall be payable February 2,
1888,
Bond No. 10 shall be payable February 2,
1884,
Bond No. IA shall be payable February 2,
1885,
Bond No. IS shall be payable February 2,
1886,
Bond No 10 shall be payable February g.
1887,
Bond No II shall be payable February 2,
1893,
Bond No. 10 shall be payable February 2,
1889,
Bond No 10 shall be payable February 2,
1910
Sec 2. For the purpose of providing for
the payment of principal and interest on said
bonds as and when the same shall become
due, there is hereby levied on all the taxable
property of the city of Edgerton, in addition
to all other taxes, tax sufficient to pay the
various installments of principal and interest
as they severally become due.
Sec. g. Said bonds shall be in substantially
the following form, to-wit
United States of America,
State of Wisconsin, County of Rock, City of
Edgerton,
Fire Truck Bonds, 1920.
KNOW ALI. MEN BY THESE PRESENTS
that the city of Edgerton in the county of.
Rock in the state of Wisconsin, acknowledges
itself to owe, and for value received promises
to pay to the bearer the End day of Feb
ruary, -, the sum of
Dollars ($----------), together with interest
thereon from date hereof until paid at the rate
of six per cent (69o) per annum payable on
the End days. of August and February in each
year, evidenced by and upon presentation
and surrender of the annexed interest couons
as they severally become due. Both principal
of the limited States of America ar the office