Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-08-28

Gardner, Maine. August -. 4@-U.
Al special meeting of the CRY
following orders were proposed and
placed on file IN the Office Of the City
Clerk.
$4,000 HIGH SCHOOL
ORDERED; That The order passed
by the city Council July "A. 1920. au-
thurfzing the issue OF serial coupon
bonds N the sum of S2a.o6h. for the
purpose Of financing n part the con-
strucIion Of a new nigh school build
ing and providing that said bonds bear
the lowest rate Of interest that VIII
insure their sale al par value, and IN
dates of expiration as Will seem best
suited for the sale of said bonds and
for the interest of the City, be amend
ed 10 read as follows:
ORDERED: That tor the purpose Of
paying Or -efuntiing indebtedness IN
Cured FOR the CONSTRUCTION Of new
high school building the Mayor. and
the City Treasurer be anu they are
hereby authorized TO prepare. issue and
sell bonds Of the City in the aggregate
principal amount of Ss5 0Ob. dated Oc-
tober first. 1890, payable $4,000. on the
first day of October in each Of the
years 1928 to 1929 inclusive and 5000
on the FIRST day Of October. 1880 SAID
bonds snail ne n coupon form. shall
Vbe denorninaIed on face High school
Additional Loan" snail bear interest
al the rate Of 81 per cent. per dnnUTn.
payable seni-annuaIly. shall be pay
able both as TO principal and interest
al the First National Bank OF BoSt on,
in Boston, Massachusetts. shall bear
The certificate Of said bank. shall be
signed ny the City Treasurer anu
countersiEned by the Mayor and one
Alderman and shall bear the Civ seal
The coupons annexed snail bear the
fac-simile signature of the treasurer.
Said bunds shall NOT he Solu AT less
than par. Other particulars as to the
form ISSUANCE and sale Of said bonds
shall be determined by The City Treas-
urer.
ana that said order as thus amended
and all acts done or performed under
authority thereof be anu the same
hereby are ratified, confirmed and ap-
proved
ORDERED: That under authority Of
and IT compliance with vote Of CITY
duly passed ut the Special Election Of
Aprll :. 1917. whereby the City Coun-
ell was authorized to issue twenty
year bonds of the City of Gardner To
the amount Of $4,000 20 build a new
high school building on the Williamson
and Turner lots on Pleasant and
School Streets. ne place COR Said
building being satisfactory "a the
City Council. and 70 the Committee NJ
FIVE representing the citizens who have
pleiged the sum of $50 600 additions /.
the City Council hereby authorizes the
Mayor and City Treasurer for the pur-
pose of paying or refundinE indebfed-
ness incurred on account of said school.
to prepare. issue and sell bonds in the
amount of $50 .eph. dated October first.
1924 due October first 1870. and bear
ing interest at the rate Of 81 per cent.
per annurn. payable seini-anuuallv
Said bonds snail ne IN coupon form.
shall ne denomlnated on face High
School Loan" shall be signed by the
City Treasurer and countersiEned ny
the Mayor and one Alderman. snail
bear, the City seal and the certificate
Of the First National Bank Of Boston.
Massachusetts. snail he payable both
as 70 principal and interest AT said
bank and shall ne sold al NOT less
than par. The coupons annexed shall
bear the facsimile signature of the
City Treas rer. Other particulars Of
the form. issuance and sale Of SAID
bonds snail he determined by the City
Treasurer. And II is further ordered
that a sinking fund for the, purpose OF
setting apart a certain sum annually
TO provide for rhe payments of the said
bonds upon maturity shall ne and is
herehy created. The sum of $500 o.
shall be set apart each ana every wear
beginning with the year 1921. and IN
til maturity of the said bonds Said
sum to be Deposited in the Maine Trust
and Banking Company. and all interest
accruing shall he allowed TO accumu-
late in said fund.
\ true copy of sand orders
Attest FRED z MI1-iIKEN.
SeRl1 CRY Clerk.
auE2S-3D