The Belding banner-news. (Belding, Mich.) 1918-1973, 1920-12-01

Kane, Friedly, McCue. Smith, pres
ent 5; Absent, Aid. Olds, Absent !.
Minutes of the previous meeting
were read and approved.
The fdlowing resolution, relative
to the dating of sewer bonds be No
vember 1, 1920, was offered by AID
McCue:
WHEREAS the electors of the city
of Bedding heretofore determined at
special election of said city held on
the 31st day of August. A. ID. 1920,
to construct a main or trunk sewer
along High street in the said city OF
Re,ding, and to borrow the sum of
twenty.-one thousand dollars ($2l,-
000.00) and to issue the bonds OF
the city therefore, drawing interest
at not to exceed six per cent 1897
per annum, to be used for the pur-
pose of constructing said sewer, and
WHEREAS, the common council
of the city thereafter duly authorized
the issuance of said bonds and pro-
vided for the date thereof and the
time Of maturity and also the form
of bond to be executed by said NUM-
cipal corporation, and
WHEREAS some discrepancy is
shown. in the various resolutions as
to the date said bonds should bear,
NOW THEREFORE BE 1T RE-
SOLVED that the city of Bedding
shall borrow the sum of twenty-one
thousand dollars ($1 ,000) as here
tofore determined, and issue the
bonds of the city therefore, drawing
interest at not to exceed six per cent
(6eb) per annum, which bonds shall
bear the date November LIST, 1920 and
shall mature as follows:
100000 November 1st, 1924.
S5.OOO.00 November 1st, 1926.
$4,000 90 November LIST, 1927.
S6.OO0.O0 November 1st, 1929.
and that interest on said bonds shall
be payable semi-annually on the LIST
day of Nav and the 1st day of Mo-
yember of each year hereafter.
BE 1T FURTHER RESOLVED
that all resolutions, or parts of res
olutions heretofore adopted by the
council and inconsistent with his res
olution be, and are hereby repealed,
Yeas, Aid. Benedict, Kane, Friediy
McCue, Smith. Yeas 5: Nays D..
Mr.. Kane offered the following
resolution relative to authorizing
board of assessors to assess the
amount of the cost for sewer on De-
pot street:
WHEREAS the common council Of
the city of Bedding heretofore deter
mined by resolution to construct
sewer within sewer district known
as subdivision II of sewer dictrlct
No. /, as created by ordinance NO:
154 of the city of Belding, and
WHEREAS, the estimated cost and
expenses of establishing, making,
laying and constructing said sewer,
including the survey, plans, estimates
and costs provided in the charter.
was the sum of fourteen hundred
and forty-six dollars ($1446.00) and
WHEREAS the board of assessors
of the city of Belding, was thereaf-
ter authorized and directed TO assess
five-sixehs (5-6) of the aforesaid
sum of fourteen hundred and forty
six dollars ($1446.00) against the
lands, lots and premises included
within said sewer district, and
WHEREAS it is now determined
that the actual cost and expenses Of
constructing the aforesaid sewer, is
the sum of $2,803.78 instead of four
teen hundred and forty-six dollars
($1446.00) as heretofore determin-
ed.
NOW THEREFORE BE 1T RE-
SOLVED that the board of assessors
of the city of Belding, be and are
hereby authorized and directed TO
assess five-sixths (5-6) of the sum Of
$2803.7S representing the cost of
said sewer pro rata upon all of the
taxable lands, lots, subdivisions and
premises included within said dis
trict known as subdivision H of sew
er district No. /, and as described in
the said ordinance No. 154, according
to the estimated benefits kccruing
from each parcel of land respective
ly from the construction of said sew
er as provided by the charter of the
city of Bedding, and in all respects
as provided in the aforesaid resolu-
ton directing the board of assessors
to levy, except as to the amount
herein stated.
Belding, Michigan, November 10th
1920.
Yeas, Aid. Benedict, Kane. Friedly
McCue, Smith. Yeas 5. Nays 0.
The following resolution relative
to the Mayor and Clerk being au-
thorized to raise by loan. the expen-
ses on the Depot street sewer was
offered by Aid. Benedict:
WHEREAS a special assessment
has been levied for the construction
Of sewer in the Sewer District
known as subdivision G. of sewer
district No. of the city of Bedding,
which assessment is for the con-
struction of a sewer commencing at
the point of intersection of the GEN.
ter lines of 10 street and West Ellis
avenue, running thence south along
the center line of 10 street to the
center line of May street, and run
ming thence east along the center line
of May street to the point of inter-
section of the center lines of May st. |
and Pine street and to connect with
the sewer already constructed on
Pine street, and -
WHEREAS 1T WAS DEEMED |
advisable to raise by loan s692.99 in
anticipation of the receipts from
said special assessment for the pur-
pose of defraying the cost of said
Improvement,