The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1920-02-26
ORDINANCE NO. &c.

An Ordnance Providing for the Is
suance of Bonds of the City of
Scotland. South Dakota. in the
Sum of Thirty Thousand Dollars
$3.50, o00) for. the purpose of Ex-
tending the Water Mains of Said
/ City end Providing for the Levy of
an Annual Tax to Pay the Principal
and Interest Thereon and Declar-
ing an En- Urgency.
| WHEREAS at an election duly
called and held on the Goth day of
September 1919. more than major.
ity Of the qualified electors of the
City of Scotland South Dakota. vot.
ed in favor of the issuance of the
bonds of said City to the extent of
Thirty Thousand Dollars $3.50, OOO)
for thepurpose of extending the water
mains of said City,
NOW THEREFORE, Be it Or
DAINED by the City of Scotland,
South Dakota
Section 1. That for the purpose of
extending the water mains of the
City of Scotland. South Dakota, there
shall be and there are hereby ordered
and directed to be issued the negotia-
BILE coupon bonds of raid City in the
! sum OF Thirty Thousand Dollars 1890
| 000) That said bonds shall be thir-
| ty (3O) in number numbered from
one ~ to thirty (30), 10th inclusive,
and shall be of the denomination of
One Thousand Dollars each, shall be
dated March j, 1920 and shall ma
ture as to principal on the fret day
of March 1910. but the right shall
be reserved to the City to prepay two
| (2) of said bonds in the order of their
number, lowest numbers first on the
kfirst day Of March IN each of the
Wears 1880 to- 1889. inclusive. or on
any interest payment date thereafter.
Said bonds shall hear interest at the
fafesof Five Percent per annum pay
able semi annually on the first days
! Of Sc ptemher and March in each year
and shall have interest coupons at
tached for each installment of inter-
est. and both principal and interest
shall be payable at the First National
Bank in the City of ST. Paul, Mime
| sota.
Section 2. Said bonds and COUPONS
shall be in substantially the follow
ing form with thenecessary variation
as TO numbers and prepayment privi-
,leges, which said form is hereby ap.
proved and adopted:
No $1,000
UNITED STATES OF AMERICA.
/ STATE OF SOUTH DAKOTA.
| COUNTY OF BON HOMME, CITY
OF SCOTLAND WATERWORKS
4 BONDS.
KNOW ALL MEN BY THESE
PRESENTS, That the City of Scot.
land in the County of Bon Homme.
State of South Dakota acknowledge
itself to owe. and, fur value received,
1 hereby promises TO pay to bearer
ONE THOUSAND DOLLARS
Isl, O0n) lawful money of the United
Estates of America on the first day of
March. 1910 with interest thereon
at tn. rate of Five Percent per an
nun payable semi annually on the
first DAYS of September and siarch in
each year upon presentation and sur
render of the annexed interest coupon
! as they severalIy become due. both
principal and interest being payable
at the First National Bank in the City
of st. Paul, Minnesota.
The City reserves the right to pre-
| pay this bond on March L, 49,. or
on any interest payment date there
after by first giving thirty 800 days
written notice of its intention 30 to
do to the bank at which the same is
PAYABLE. IS.
For the prompt payment Of the
principal and interest Of this bond at
maturity. the full faith.. credit and
! resources OF said City Of Scotland,
South Dakota, are irrevocably pledg-
| ed. q
ii his isst,es, the City Of
ScntiaEd. South Dakota. for the pur-
pose Of extending its Dater mains
pursuant 70 favorable vote Of more
than majority Of the qualified elec-
tore Of ssid City at an election duly
and legally called and held for that
nurpose and pursusnt to resolutions,
|ordinancss and proceedings Of the City
Council Of sad City duly passed and
adnnfed and il authorized by and r.
sasd 10 full compliance With The con.