The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1920-09-24
Ordinance No. lib.


An ordinance authorizing the issue of bonds
of the City of Edgerton, Rock County, Wis
consin, in the of Nlnety-two Hundred
and Fifty Dollars ($925oO0, and amending
an ordinance adopted on the End day OF
February, 1920.
WHEREAS an ordinance was duly adopted
by the Common Council of the City OF Edger-
ton on the End day of February, 1920, being
Ordinance No. 102, providing for the issuance
of Ninety-two Hundred and Fifty Dollars
($9250.0O) of bonds of said city for the purpose
of purchasing a fire truck and providing
form for said bonds and levying tax for the
purpose of paying the principal and interest
thereof; and
WHEREAS proposition for their issue
for the social purpose thereof has been SUBJ
mitted t., the people of the said city and duly
adopted by majority ~, VOTING tnereon IN &C.
WHEREAS the said ordinance provides
that said bonds shall bear interest at the rate
Of five per cent. go 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 943 of
the Wisconsin Statutes instead of Sections
926-11 and 943 of said statutes recited in
said previous ordinance:
WHEREFORE the Common Council of the
City of Edgerton do ordain as follows:
Sec. L. That said ordinance be and the
same hereby is amended to read as follows:
That for the purpose Of purchasing a fire
truck to be used in the city of Edgerton there
be and hereby is authorized the issue of the
city of Edgerton municipal bonds to the
mDunt Of N inc hundred and l. FIFTY
secutively numbered from l to 19. Bonds
numbered |, O. 3, 5, 6. 2, 8, g 10 II, u. Is,
4, l5 TO- H. and lS shall be IN the bed denomina
bond No. 10 shall be in the denomination of
Two Hundred and Fifty Dollars C$25OO0).
That said bonds shall bear, date, as Of the
1~1 II Of md cno1 he 1ad
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 c ON
and 943 of the Wisconsin Statutes. The
bonds shall bear interest at the rate of six
per cent. go per annum, payable at the
office of the city treasurer of the city of
Edgerton on 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. shall be payable February 2,
1922,
Bond No. shall be payable February 2,
1923,
Bond No. shall be payable February 2,
1924,
Bond No. 4 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. shall be payable February 2,
1890,
Bond No. 10 shall be payable February 2,
1881,
Bond No. il shall be payable February 2,
1882,
Bond No. p shall be payable February 2,
1888.
Bond No. IS shall be payable February 2,
1884,
Bond No. IA shall be payable February 2,
1885,
Bond No. IS shall be payable February 2,
1896,
Bond No. 10 shall be payable February 2,
1887,
Bond No II shall lie payable February 2,
1893,
Bond No. 18 shall be payable February 2,
1889,
Bond No. - shall be payable February 2,
1910.
Sec g. 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, a tax sufficient to pay the
various installments of principal and interest
as they severally become due.
Sec. s. Said bonds shall be in substantially
the following form, to-wit:
United States of America,
State of Wisconsin, County of Rock, City of
Fire Truck Bonds, 1920
KNOW ALL 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, d., the sum of
Dollars CD, together with interest
thereon from date hereof until paid at the rate
of six per cent go 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
1xyh 11a Roth 1o1
and interest shall be paid in lawful money
of the United States of America at the office
of the city treasurer, city of EdgertOn, state
of Wisconsin, and for the prompt payment of
this bond and interest aforesaid at ma
turity the full faith, credit, and resources of
said city. are hereby inviolately and irrevoc-
ably pledged.
This bond is issued by said city for the
purpose of providing funds for the purchase
of fire truck for the said city of Edgerton.
It is issued in all respects in full compliance
with the provisions of Sections 925-133 and
943 of the Revised Statutes of the state of
Wisconsin, and it is hereby further certified
and recited that the total Indebtedness of
said city including this bond does not exceed
any constitutional, statutory, or other limi-
tation; that all acts, conditions, and things
required by the constitution and laws of the
state of Wisconsin to be done precedent to
and in the issue of this bond have been
properly done and have been performed in
regular and due form and time as required
by law, and that said city has provided for
the collection of a direct annual tax upon all
the taxable property therein sufficient IN
amount to pay the interest thereon as it falls
due and also to pay and discharge the prin-
cipal thereof at maturity.
IN WITNESS WHEREOF said city of
Edgerton has caused this bond to be signed
by its mayor and city clerk and attested with
its corporate seal, and the interest coupons
hereto attached to be signed by Autographed
facsimile signatures of said mayor and city
clerk. which said signatures they hereby
adopt as their own, all as of the date of the
End day of August, A. D. 1920.
Mayor.
City Clerk.