The Owosso times., 1921-06-10
Resolution No. 8.

read to the Commission, and on motion of Cop
missioner Rosevear same was adopted; ayes
Rosevear, Stebblns and Wright:
Resolution No. 8.
Whereas. the Commission of the City of Owosso
has hereto fore determined the necessity for. and
by proce edings duly had and resolutions duly
, passed in accordance with the provisions of the
city char ter, has ordered the construction of a
concrete curb and gutter on both sides of Cor
unna Ave- in said city, from Washington st. east
| to cas- terly city limits. and has duly determined
and caused to be levied by special assessment
against the lots and parcels Of land abutting on
the said Improvement the amount to be raised
, by special assessment.
Resolved by the Commission of the City of
Owosso. that for the purpose of raising by loan
sufficient funds TO pay that portion of the cost
and expense OF the construction OF said curb and
gutter to be raised by special assessment, the
Mayor is hereby authorized and directed to issue
and negotiate at par the negotiable coupon bonds
OF OF the City of OWosso in the total sum Of Four
Thousand Five Hundred Dollars (S4500 0O), that
said bonds shall be nine (9) in number. shall be
numbered consecntiyely trem TO 8. shall each be
Of the de enominstion of Five Hundred Dollars
S6O0.00). shall be dated the 10th day of June.
1921 shall fall due respectively; - '''o| ~
No. l. on the Goth dayiof June 1922
Nos. and 3. on the 10Th day of June. 1923.
Nos. and 5. on the goth day Of June. 1924
Nos. 6 and z. on the Goth day Of June. 1926
Nos. and 8. on the goth day of June. 1926
and shall each bear interest from date at the rate
or six per cent per annum, payable semi-annually
on the presentation OF the coupons to be attached
to each bond they shall severally fall DUE said
coupons to be numbered consecutivsly each
bond and each to bear the number of the bond to
which il is attached. both principal and interest
Of said bonds to be payable at the Office Of the
City Treasurer OF the City of Owosso: and that
for the prompt payment Of both principal and
be
form of said bonds and coupons shall be substan-
TALLY follows:
STATE OF MICHIGAN
COUNTY OF SHIAwASSEE
No. CITY OF OwOSSO $500
Corgnna Avenue Curb Special Assessment
KNOW ALL MEN BY these presents, that
the City Of Owosso, in the County of Shiawas
see and State OF Michigan. a municipal corpo-
in be bted, and for value received promises TO
pay. to the bearer. the sum of Eve Hundred
Dollars ($50O.O0l lawful money OF the United
1922, at the office Of the City Treasurer owosso,
Michigan, with interest at the rate OF six per
cent per annum, payable semi-annually on the
every year from the date hereof on presentation
and surrender or the proper interest coupons
attached hereto as they shall severally become
due
This bond Is one OF nine bonds Of like date
and tenor except as to date OF maturity, issued
by authority OF the Commission OF the City OF
Owosso, Michigan for the purpose OF providing
funds to pay that portion OF the cost and ex-
pense OF constructing curb and gutter on
Corunna Avenue in said City specially assessed
against the lots and parcels OF land abutting on
said Improvement and liable to be specially
assessed therefor and the principal and inter
est OF this bond and OF the series OF which 1t Is
one are payable out OF the fund to be derived
from special assessments which have been
levied against such lots aud parcels of land
liable to be assessed for said Improvement; and
this bond and the series OF which IL Is part are
hereby declared to be tax-exempt under the
laws OF the State OF Michigan.
1t is hereby recited, certified and declared
that all acts. conditions and things required by
the Constitution and laws ofthe State of Michi-
gah, and Charter Of the City OF Owosso to exist,
happen and be performed precedent to and in
the issuance OF this bond, have existed hap
time, manner and form as required by law and
for the prompt payment OF the principal and
interest of this bond when due the full faith,
credit and resources Of the City OF Owosso are
hereby irrevocally pledged; and IL is further
recited and declared that the total indebted
ness OF the City OF Owosso, including this bond
and the series OF which IL forms part. does
not exceed any constitutional, statutory or
charter Limitation.
IN WITNESS WHEREOF the Commission
OF the City OF Owosso have caused this bond TO
be signed by the Mayor and countersigned by
the Clerk of said city, and the corporate seal OF
said city to be hereto affixed, and the interest
fac SMILES of the signatures of the said Mayor
and Clerk on this 10th day of June, 1921.
CITY OF owOSSo
By......... ...,..
Mayor
Countersigned
..........,...... ..........
Clerk
(Form of Coupon)
MOL SIS
ON the Goth day Of December, 1921, the City of
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