Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-08-13

Therefore be it Resolved, by the
common council of the City of Hur-
ley, Wisconsin, duly assembled at this
regular meeting of said City council,
on this 18th day of July, 1921, that
the said ordinance entitled: "An Or
dinance providing for the issuance Of
SO, 900 Sewer Bonds of the City of
Hurley, Wisconsin," and offered here
with for final adoption, be, and the
same is hereby adopted.
Upon roll call the above resolution
was unanimously adopted, each mem
Der present, being nine in number,
voted aye.
The ordinance above referred to,
as adopted reads as follows:
An ordinance providing for the is
suance of $4,000 Sewer Bonds of the
City of Hurley, Wisconsin.
Whereas, in order to provide funds
for the construction of extensions Of
the sewerage system of said city. it
is deemed necessary to issue bonds of
said city to the amount of $4,000;
Now, Therefore, the Common Coun-
Gil of the City Of Hurley, in the Coun-
y Of Iron and State Of Wisconsin, do
ordain as follows:
Section l. That for the construc-
tion of extensions of the sewerage
system in and for said City Of Hurley.
there be issued the bonds of said city
in the sum Of $4,000
Section ,. That said bonds be dated
June /, 1921, be Of the denomination
of 5000 each, numbered from l to 20,
both numbers included. and mature
in numerical order 81 600 on the first
day Of June of each Of the years 1922
to 1881, inclusive That said bonds
bear interest at the rate Of six per
cent per annum, payable December
/, 1921, semi-annually thereafter on
the first day of June and December of
each year, and that such interest be
evidenced by coupons attached to said
bonds, maturing on the several days
when interest on the said bonds ma
tures. That said bonds be signed by
the mayor of said city and counter
signed by the city clerk. and be sealed
with the corporate seal of said city,
that the coupons attached to said
bonds be signed by said mayor and
city clerk by their facsimile signatures,
and such officers shall. by the execu-
ton Of said bonds, adopt as and for
their own proper signatures, their
facsimile signatures appear
ing on said coupons. That bond and
coupons be payable at Central Trust
Company Of Chicago. Chicago Illinois.
Section 3. That said bonds and
coupons be in substantially the follow
ing forms:
Form of Bond)
UNITED STATES OF AMERICA
STATE OF WISCONSIN,
COUNTY OF IRON, CITY OF HUR-
LEY. SEWER BOND.
No $500.
Know All Men By These Presents:
That the City of Hurley, in the Coun-
ty Of Iron, and State of Wisconsin,
hereby acknowledges itself to owe and
for value received promises to pay
bearer on the first day of June, 10,
the sum of Five Hundred Dollars
$500, together with interest there
on from date hereof until paid. at the
rate of SIX per cent per annum, pay
able December l, 1921, and semi
annually thereafter on the first day of
June and December of each year,
upon presentation and surrender OF
the coupons hereto attached as they
severally mature. Both principal
hereof and interest hereon are hereby
made payable al Central Trust Com
pany Of Chicago, Chicago, Illinois.
For the prompt payment hereof, both
and interest, the full faith,
credit and resources Of said city are
hereby irrevocably pledged.
This hnrJ - 49,, - . n
Thousand Dollars (S10,000), all of
like date, tenor and effect, save as to
maturity, issued for the purpose Of
sewers in and for said
city, pursuant to and in all respects in
compliance with the Wisconsin Sta
tuteS, and an ordinance duly passed
by the Common Council Of said city
and duly approved and published.
And it is hereby credited and recited
that al conditions, things and acts re-
qurSd by law to exist, to be and to be
donesprecedent to and in the issuance
OF TINS bond, have existed, have been
done and performed in apt time and
due form of law. that the indebted
ness of said city. including this bond.
does not exceed any limitation inn
ZN't.'At - +Stffr ann inst }iUN 4SLblI has
been made for the collection of
direct annual tax sufficient to pay the
interest hereon as it falls due and also
20 pay and discharge the principal
hereof at maturity.
In Testimony Whereof, the City Of
Hurley, BY its Common Council. has
caused this bond to Be signed by its
mayor, attesjed by its city clerk and
sealed with its city seal, and the cou-
ponS hereto attached to be signed by
said officers by their facsimile sigma
lures, and said officers do, by the ex-
ecution hereof, adopt as and for their
own proper signatures. their respec- +
tive facsimile signatures appearing on
said coupons, all this first day of
June, 1921
Mayor.
4 o.