Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1920-05-07

lSl7OO0O0) Dollars, bearing interest at the rate
| of six per cent Is per cent per annum, Interest
payable semi-annually. which same in the
Judgment of the board is necessary and which
will be ample and sufficient 10 pay all expenses
for properly providing the new equipment for
the better lighting and water systems of the
village of Eagle River. said bonds to draw in
terest at the rate of six per cent Is per cent
per annum, interest payable semi-annually,
and payable as follows:
100000 payable on the first day of June 1921
81 10000 payable on the first day of June, 1922
81 10000 payable on the first day of June, 1928
81, 10000 payable on the first day of June, 1924
81 10000 payable on the first day of June, 1925
100000 payable on the first day of June, 1926
81 10000 payable on the first day of June, 1927
81 10000 payable on the first day of June, 1928,
81 100000 payable on the first day of June, 1929
100000 payable on the first day of June. 1880,
Sl,00O.00 payable on the first day of June, 1881,
81 10000 payable on the first day of June, 1882
81 10000 payable on the first day of June, 1898,
100000 payable on the first day of June, 1884,
100000 payable on the first day of June, 1885,
81 10000 payable on the first day of June, 1885,
81 10000 payable on the first day of June, 1887,
and to consist of seventeen ~ bonds of One
Thousand (Sl0000O) Dollars each with seminar
uual interest coupons attached, said bonds to
be dated the first day of June, 1920, and to bear
interest at the rate of six per cent Is per cent
per annum, interest payable semi-annually,
they are to be negotiable coupon bonds pay
able to bearer and to be made payable, princi-
pal and interest at the First National Bank of
Chicago. Illinois, and said bonds are to be sold
and negotiated, at not less than par and accrued
interest, by the Town Chairman Of the Town
of Eagle River, who is hereby authorized to
represent the said town in the selling and ne
gotiating thereof, and the proceeds thereof are
to be used solely and exclusively for meeting
of the expenses incident to providing and in
stalling new water Wheel new generator
and such additional equipment and improve
ments at the present power dam and sub-sta-
tion waterworks and lighting systems as is
necessary and required for the proper protec-
ton of the village of Eagle River from fire, for
the purpose of furnishing the inhabitants of
said village with water, and for lighting any
part of said village
Be it, and it is hereby, further resolved that
S. r. Van Bussum, Town Clerk of said Town
of Eagle River, is hereby ordered and directed
to give notice of special town meeting and
election to be held for the purpose of voting
upon said proposition to so issue said bonds
pursuant to the statutes in such case made
and provided, and
Be it, and it is hereby, further provided that
the question of the levying by said Town of
Eagle River of direct annual tax upon all of
the taxable property in said Town of Eagle
River, in addition to all other taxes, sufficient
to pay when due all interest as it grows due
on said bonds and also to pay and discharge the
principal thereof when the same shall become