The Owosso times. (Owosso, Mich.) 1897-1926, 1920-10-08
and on motion OF Mr.. Rosevear same wa
adopted; ayes. Rosevear. Stebbins. Wright.
ReaoIution No o.

md on motion of Mr.. Roseyear same wa
ldopted; ayes. Rosevear. Stebbins Wright
Resolution No. 95.
Whereas the Commission of the City OF
Dwosso did on the 9th DAY Of August 1870. de-
termine by resolution that II was necessary TO
improve the water system OF said city by con-
Meeting up, extending. rebuilding and enlarging
the water mains on the several streets where
the same might be necessary te maintain the
circulation and provide adequate fire protec-
ton. and did also approve the estimate OF the
probable cost % Of such improvement at tn, the
the question OF raising by loan and issuing the
bonds OF said city for the sum OF u.s. 400 W for
said purpose be submitted TO the electors OF
said city at the State and County Primary Elec-
ton to be held In said city on the 3lst day OF
August, 1920; and
Whereas, at the said election the said Com
mirsion was authorized by the voters OF the
said city by vote of 5l7 In favor OF said propos
ition and 49, against the same, to raise by loan
and to issue the bonds Of the City OF Owosso for
the sum OF 35s 40t 90 for the purpose OF connect.
il up. extending. rebuilding and eolarging the
water mains In the s reefs OF said city as might
be necessary; now, therefore,
Resolved by the Commission Of the City
OF Owosso that the said city issue its bonds In
the sum s58. 400 OO for the purpose OF water
main rebu ldiog. extension and enlargement,
the same to bs known as Owosso Water Main
extension Bonds neg table and bearing In.
terest coupons, to be dated on the 10Th day OF
October 1920, to become due and payable on
he 18th day OF October 1895, said bonds to be
80 IN number and to be numbered serially from
to 50, and to be Of the following denomina-
tons:
Bonds n s. to So inclusive, $1,000 each.
both bonds and the interest thereon to be paya-
Owusso in Owosso. Michigan, on the presenta-
tion and surrender by the holder OF the SAID
bonds or interest coupons as the same shall
mature and become due and payable.
n A. aw.d
coupons shall be in the following form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF sHIAwAssEE
CITY OF owoSSO
OwoSSo WATER MAIN EXTENSION
BONDS
No. $1,000
Know all men by these presents that the
City of Owosso. in the County OF shiawassee'
and State of Michigan, a municipal corpora
ton. hereby acknowledges itself justly in
debted and for value received promises to
pay to the bearer the sum of One Thousand
Dollars, lawful money of the United States
OF America on the fifteenth day OF October,
1885, at the office OF the City Treasurer, City
of Owosso, with interest thereon until paid
at the rate of six (69o) percent per annum,
payable semi annually on the fifteenth day of
April and october OF each and every year
from the date hereof at the Office of the
City Treasurer City of Owosso, upon pres
entation and surrender of the proper inter-
est coupons attached as they severaly be-
come due and for the payment OF the prin-
cipal and interest of this bond, and OF the
series of which il forms a part. the full faith
credit and resources of said City OF Owosso
are hereby irrevocably pledged.
This bond is one of a series Of 50 bonds OF
like date and tenor, except as to denomination
of amount issued 9nder, IN pursuance o, ana t IN
teen of the Chatter OF the City OF Owosso, and
! was authorized by two-thirds vote OF the elec-
tors OF said city at an election held therein Oh
the 3lst day OF August, 1870
The series OF bonds of which this is one, have
been authorized to be issued for the purpose OF
connecting up rebuilding, extending and en-
larging the water mains OF the City Of Owosso,
| and are tax exempt under the provisions OF
the laws OF the state of Michigan; ano
the principal and interest OF this bond, and
of the series of which it forms a part, are
payable out of the interest and sinking fund
Of said City of Owosso. te .
1t is hereby certified and recited that al
acts conditions and things required to be
done precedent to and in the issuance OF
said series of bonds, of which this is one
in order to make them valid and binding
obligations of said City. of owosso. have
| happened and have been done and performed
| in regular and due form and time required
| by law, and that the total Indebtedness OF
| said City, including this bond and the series
| of which it forms a part. does not exceed
any constitutional, statutory or charter limita
| tion
In Witness Whereof. the Mayor and City
Clerk of the City of Owosso. in the County
| of Shawassee, and the State Of Michigan
/ have by order of the City Commission OF
| said City officially hereunto subscribed the
| corporate name of said City, attached the
\ corporate seal thereof. and executed this
| bond this fifteenth day of October, 1920.
| CITY OF OWOSSO.
| BY
| Mayor