Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1920-05-13
WHEREAS ri.L -.

te Highway Commission. the Clerk
OF the City did call a special election
to be held November IA. 1919 for the
purpose of submitting to the electors
of said City the question of bonding
said City to the amount of said City's
proportion of said estimated cost, to-
wit, one-third of said $4,000, by
causing to be published in the official
newspaper of said City, once each
week for three weeks prior TO said
date, notice thereof reciting the pur-
pose and amount of the bonds pro-
posed to be issued, time and place of
holdinv said election and the hours
at which the polls would be open
and closed; and
WHEREAS, said election was held
and conducted, the votes canvassed
and the result declared in the manner
provided by law for regular city ele-
ctions, revealing that 453 votes were
cast in favor of issuing said bonds
and So votes We're east against issu-
ing said bonds, and it has been deter
mined that the .City's share of the es-
timated cost of said bridge is 100000
and it is desired to issue bonds of tn
is City in that amount:
NOW, THEREFORE, the Common
Council of the City of Grand Rapids
do ordain as follows:
SECTION 1. That there be borrow
ed on the credit of the City of Grand
Rapids, in the County of Wood, and
State of Wisconsin, the sum of
100000, for the purpose of paying the
City's proportion of the cost of con-
structing a reinforced concrete arch
bridge, connecting Vine Street and
Grand Avenue within the City of CIR
and Rapids, across the Wisconsin
River, a navie >5i, stream, and that
bonds be ISSUED therefor.
SECTION 2. That said bonds be
sixty in number, of the denomination
of $1,000 each numbered from / to so
both numbers included, dated May 1,
1920, and be due and payable in nu-
merical order $4,000 on the first day
of May in each of the years from
1922 to 1896, both years included.
That such bonds bear interest at the
rate of six CO. per cent per annum,
payable November 1, 1920, and semi
annually thereafter on the first day
of May and of November of each ye-
ar from the date of said bonds until
payment thereof respectively, and
that such interest be evidenced by
coupons attached to said bonds, that
such bonds be signed by the Mayor
and City Clerk of said City and bear
the orporate seal of said City, and
and the coupons evidencing the inter-
est thereon be signed by said officers
by their respective fac smile sigma
lures, which said officers shall, by
the execution of said bonds, adopt as
and for their respective signatures
their respective fac smile signatures
appearing on said coupons, and that
said bonds and coupons be payable at
the office of the City Treasurer of
and in said City of Grand Rapids.
SECTION 3. That such bonds and
coupons be in substantially the fol-
lowing forms:
UNITED STATES OF AMERICA
STATE OF WISCONSIN COUNTY
OF WOOD
CITY OF GRAND RAPIDS
BRIDGE BOND
No. $1,000.
KNOW ALL MEN BY THESE
PRESENTS that the City of Grand
Rapids, in the County of Wood and
State of Wisconsin, acknowledges it.
self to owe and for value received
promises to pay to bearer in lawful
money of the United States of Am
erica, the sum of One Thousand Doll
ars $4,000 on the first day of May,
l9--, with interest thereon at the
rate of six (6) per cent per annum
from the date hereof until paid, pay
able November l, 1920 and semi
annually thereafter on the first day
Of May and of November of each
year upon presentation and surrender
OF the interest coupons hereto attach
4 as they severally mature Boh
principal and interest hereof and
ma hereon are hereby made payable
It the office Of the City Treasurer
Of and in the City Of Grand Rapids
Wisconsin. For the prompt payment
If this bond, both prime pal anA
interest as aforesaid the full faitI,
.redit and resources of sand City are
hereby irrevocably plettne.i
This bond is issued for the purpos ;
Of paying said city's proportion Of the
cost of constructing d reinforced CON
crete arch bridge. connecting Wins
Street and Grand Avenue, within sale
city, across the Wisconsin Riwr.
navigable stream pursuant to and in
all respects in compliance with Section
l321a Of the Wisconsin Statutes 1917
as amended, and is authorized by
majority of the qualified electors of
said city voting upon the question at
special election called and held 10
that purpose, notice whereof was dul,
published.
1t is hereby certified and recited
that all conditions, things and acts +
qlired by law to be and to be done
precedent to and in the issuing of this
bond have been. have happened and
been performed IN due form and time
as required by law, and thet the III
iebtedness Of said city, including this
bond, does not exceed any li1.l:tc ton
imposed by law, end th4t provision
has been made fer the collection of 2
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