The commercial. (Union City, Tenn.) 190?-193?, 1921-06-24

orally fall due, both principal and in
teTest being payable at the office of
the City Recorder in Union City,
Tennessee.
Said bond shall be payable in law
full money of the United States of
America.
This bond is issued under and in
pursuance of and in strict conformi-
ty with an Act of the General Assem-
bly, of the State of Tennessee, APP
proved September 25, 1913, being
Chapter Is of the Acts of the first
extra session for the year 1913 and
amendments thereto, and other
statutes, and the Constitution of
tho State of Tennessee, and the Char
ter of said town, as in such cases
made and provided; and under and
pursuant to ordinances and proceed
| ings of said town duly adopted and
had, to provide means to pay not ex
ceeding two-thirds of the estimated
cost of certain street improvements.
1t is hereby certified, recited and
declared that all acts, conditions, and
things required to be done, exist and
be performed precedent to and in the
issuance of this bond in order to
make this bond legal, valid and
binding obligation of the town of
Union City, Tennessee, have been
done, existed, and been performed in
regular and due time, form and man
ner as required by law, and that the
Indebtedness represented by this
bond, together with all other in
debtedness of said town, does not ex-
coed any limit prescribed by the Con-
stitution or statute of said State, or
the Charter of said town. The full
faith and credit of the town of Union
City, Tennessee, are hereby pledged
to the prompt payment of principal
and interest of this bond as the same
become due.
Neither the principal nor the in
terest of this Bond shall be the sub
nessee, nor by any County or Mu-
nicipality in this State.
In witness whereof the Mayor of
the town of Union City, Tennessee,
and City Recorder of said town have
signed this bond and attached the
seal of said town, and caused the in
terest coupons hereto attached to be |
signed with the fac smile signature |
of the said Mayor and City Recorder,
and this bond to be dated July /, |
1921.
Mayor of Union City, Tennessee.
City Recorder, Union City, Tennessee.
(Form of Coupon
No. !. Series. -. $500
On the first day of 10 the
town of Union City, Tennessee, will
pay to the bearer, in Union City,
Tennessee, FIFTEEN DOLLARS, be-
ing six months interest then due on
Public Improvement Bond of the
Town of Union City, Tennessee, dated
the first day of July, 1921.
|
Mayor of Union City, Tennessee.
City Recorder, Union City, Tennessee.
Section 4. Be it further ordained
that it shall be the duty of the Board
of Mayor and Aldermen of the town
Of Union City, Tennessee, to ascer-
tain in due season in advance of the
time for the payment of the princi-
pal or interest, or both, of any and
all such bonds, and in advance of
the time for the payment of princoi-
pal and interest, or both, of any OF
said bonds, whether or not there is
Dr. will be sufficient moneys provided
by the assessments levied and actually
collected and in the treasury of the
said town of Union City, Tennessee,
set apart for the payment of the
principal and interest of said Bonds
IS the same from time to time be-
come due; and it shall be the duty of
,aid Mayor and Aldermen, in due
season in advance, in addition to all
,ther taxes the said town of Union
Jity is by law authorized to levy,
o levy an advalorem tax upon all the |
axable property in the said town Of I
Union City sufficient to pay the prin5
ipal and interest of said Bonds, as
hey become due from time to time, I
II to pay such part or parts thereof
S are not or will not be fully pro-
ided for by the assessments levied
nd actually collected and in the I
reasury of the said municipality in
eason for the payment of the prin-
ipal and interest of said Bonds as Il
he same from time to time become h
ue And in case the said municipal @
" shall levy and collect ad valorem :,
axes for the purpose of paying the y