The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1920-09-24
Ordinance No. lis.

| An ordinance authorizing the issue of bonds
of the City of Edgerton, Rock County, Wis
consin, in the sum of Twenty-Five Hundred
| Dollars ($22OO0O, and amending an ordin-
| ance adopted the End day of February,
| 1920.
| WHEREAS an ordinance was duly adopted
by the Common Council of the City of Edger
! ton on the End day of February, 1920 being
Ordinance No. 101, providing for the issuance
/ of Twenty-Five Hundred Dollars (S22000O) of
! bonds of said city for the purpose of pur-
| chasing street fusher and providing form
| for said bonds and levying a tax for the pur-
| pose of paying the principal and interest
thereof; and
WHEREAS proposition for their issue
| mitted to the people of the said city and duly
adopted by a majority voting thereon in &C
cordance with Sec. 943 Wisconsin Statutes;
WHEREAS the said ordinance provides
that said bonds shall bear interest at the rate
not he sold for less that Their face v a and
| WHERE'S because of present conditions it
/ is found impossible to sell the said bonds at
par unless the interest Tate thereof be in
! creased to six per cent. (69o); and
| WHEREAS said bonds to be issued in
compliance with Sections 925-133 and o43 of
he Wisconsin S odI $ Statutes t instead Of Sections
| said previous ordinance;
/ WHEREFORE the Common Council of the
City of Edgerton do ordain as follows:
/ same hereby is amended to read as follows:
| That for the purpose of purchasing street
fusher to be used in the city Of Edgerton
of the city Of aEdgerton municipal bonds to
/ the amount of Twenty-t two Hundred ($22OO.00)
Dollars. Said bonds shall be consecutively
numbered # from ! to 4 Bonds numbered !. 2
Hundred Dollars. ($500Oo), and bond No. 4
! shall be in the denomination of Seven Hun
dred Dollars @7oooo); The said bonds shall
t and shall be signed by the mayor and city
clerk and attested by the corporate seal of
the city of Edgerton. and shall be issued in
! ments of Sections 925-133 and e43 of the Wis
consin Statutes. The bonds shall bear inter-
est at the rate of six per cent. (6@) per an
! mum, payable at the office of the city treas
i urer of the city of Edgerton on the End days
| of August and February in each year, evil
denced by interest coupons attached to each
of said bonds The bonds shall be payable
at the office of the city treasurer, Edgerton,
| Wisconsin, follows:
Bond No. 1 shall be payable February 2,
! Bond No. 2 shall be payable February 2,
i 1885,
Bond No. 3 shall be payable February 2,
J 1882
Bond Ma shall be payable February q,
Sec. 2. For the purpose of providing for the
payment OF principal and interest on said
i bonds and when the same shall become
due, there is hereby levied on all the taxable
property of the city of Edgerton, in addition
to all other taxes, tax sufficient to pay the
various installments of principal and interest
/ as they severally become DUE
Sec. 8. Said bonds shall be in substantially
the following form, to-wit:
| United States of America,
State of Wisconsin, County of Rock, City of
Edgerton,
Street Flusher Bonds, 1920.
KNOW ALL MEN BY THESE PRESENTS
that the city of Edgerton in the county of
| Rock in the state of Wisconsin, acknowledges
itself to owe, and for value received promises
! to pay to the bearer the End day of Feb
ruary, 19----, the sum of