Evening journal., 1921-04-18

money appropriated Tor that pur-
pose by the Council OF "The Mayor
and Council OF Wilmington" as here
in provided; and the said Council is
hereby authorized and directed 20
pay the principal as well as the in
terest on said bonds when and as the
same become due and payable. re-
specuvcly. The said Council OF
THE Mayor and Council OF Will
mington" shall annually. after the
Issuance OF said bonds. provide and
set aside from any money appro-
priatcd in the use OF the Board OF
Public Education In Wilmington an
amount equal TO the amount OF in
torest due each year on said bonds.
and as and when said bonds mature
and become due and payable, shall
in like manner provide for and set
aside. annually. an amount equal 10
the amount OF principal Of said
bonds which may become due and
payable In any year. and such sums
set aside for the payment OF inter-
est and principal OF said bonds shall
be kept as other funds for the pay
ment and retirement OF bonds and
interest and the said Council shall
apply said sums annually to the pay
ment OF said bonds and interest
thereon as such sums may become
due and payable.
All OF the bonds issued In pay
ment OF any one operation or trans
action shall be numbered consecu-
lively from one upwards, and snail
bear the same date. All money re-
ceived from the sale OF such bonds
after the payment OF charges and eN-
! pcnses connected with the prepara-
ton. issuance and sale thereof. shall
be deposited by said Council In sumo
/ one or more banking institutions In
| the City OF Wilmington, IN which
] city deposits are kept as a special
I deposit TO the credit Of said THE
/ Mayor and Council Of Wilmington, q"
and payments therefrom shan po
made in the same manner as other
payments are made 10 said Board OF
| Education. provided that no part Of
said money shall be used for any
other purpose than for tho election
and equipment OF new buildings. or
| additions TO and enlargement ut viu
buildings. or for the re-equipment OF
| old buildings. and including the pur-
chase and improvement Of land and
playgrounds and the refunding Of
existing bonds. issued under the pro
visions OF this Act. provided, that tho
purchasers or holders OF said bonds
shall not be bound TO see to. nor be
affected by the application Of tho
money realized from the sale OF such
bonds
The bonds 10 be issued In accord
ance with the provisions OF this Act
shall conform as nearly as may be
to the following form:
UNITED STATES OF AMERICA
State OF Delaware
Glass. Number. ........
The Mayor and Council Of VII.
ton"
School Bond
81. 900 90 t1.ooool
THE Mayor and Council of Wal
mington.,' a municipal corporation o
the state Of Delaware. for value re
b. ceived. hereby Acknowledges its in
e debtedness to. and promises to pa
\ TO the holders Of this bond. at
Bank at Wilmington
{ Delaware. on the day
lAD.1s the sum Of one Thousan
. Dollars Cs1.O0O.OO) with interes
- thereon. at the rate OF percentun
per annum, payable semi-annuall
on the day OF in eacl
{ year. This bond is one OF the au
D thorized issue OF ................
e bonds. aggregating ....... thou
Z sand dollars by virtue OF and d
b. strict compliance with the provision
: OF an Act OF the General Assemhl
D being an Act 10 amend Chapter o.
Volume %. Laws OF Delaware. ap
r proved ............... A. d. 1921
2 entitled IAN Act to further amenl
Chapter 90. Volume 30. Laws OF Del
J ! aware. being an Act entitled AN Ac
- TO provide for the Organization AM
2 Control of the Public schools Of tn
( city Of wilmington. and In pursu
b ance of a resolution OF the Counci
OF "The Mayor and Council Of WIN
mington" adopted ..............
D A. d. 19..
u is hereby certified that thi
) bond Is one Of the issue authorize
y by the above recited Act OF the Gen
4 eral Assembly and that the fait
- and credit OF said 'The Mayor ali
s Council Of Wilmington" is pledge 10
b. the punctual payment Of tho princ
T. pal and interest OF this bond accord
b | ing 10 its terms.
\ IN WITNESS WHEREOF IN
Mayor OF "The Mayor and Council G
d wilmington" and the City Treal
s urer and City Auditor OF tho cit
o OF Wilmington. have hereunto 81
e their hands and tho corporate SCI
?. Of the said City OF Wilmington,
n hereunto affixed, this ...........
G day Of .............. A. ID. ls.
Z Mayor of "The Mayor an