Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1921-01-20


final reading and consideration and |
ordinance, towit:
AN ORDINANCE providing for the
issue of Thirty Thousand Five Hun
dred Dollars (s3O,500) Waterworks
Improvement Bonds of the City of
Wisconsin Rapids, Wood County, Wis
consin, and providing for the levy of
taxes to pay the same.
WHEREAS, it is deemed necessary
for the best interest and protection of
the health and property of the citizens
and residents of said City that the
waterworks plant and system, located
in and belonging to said City, be i'm
proved by constructing new wells and
extending the water mains and that
bonds of said City, in the amount of
Thirty Thousand Five Hundred Dol
lars (S30,500), be issued and sold to
pay the cost of such Improvements:
NOW, THEREFORE, the Common
Council of the City of Wisconsin Rap
ids does ordain, as follows:
Section 1. That, for the purpose of
providing funds to improve the water
works plant and system located in and
belonging to said City by constructing
new wells and extending the water
mains, there be borrowed upon the
credit of said City the sum Of Thirty
Thousand Five Hundred Dollars $780,
500 and that bonds be issued there
for.
Section 2. That said bonds be des-
ignated Waterworks Improvement
Bonds, be dated February /, 1921, be
of the denomination of Five Hundred
Dollars (S500) each, numbered from
one to sixty-one, both included, and
mature in numerical order $500 on
February 1 of each of the years 1922
to 1910 and $4,000 on February 1,
1941. That said bonds bear interest at
the rate of Six per cent per annum,
payable August 1, 1921, and semi-an-
nually thereafter on the first day of
February and of August of each year;
that said bonds be signed by the May
or and sealed with the corporate seal
of said City and attested by the City
SIS1h CIiSISOI, anu UI1tI tHG INTEREST
upon said bonds be evidenced by cou-
pOns thereto attached, maturing on
the several days when such interest
natures, and that such coupons be
signed by the said Mayor and City
Clerk by their respective fac smile
signatures, and said officers shall, by
the execution of said bonds, adopt as
| and for their own proper signatures
their respective fac smile signatures
appearing on said coupons; that said
bonds and coupons be payable at the
Office Of the Treasurer of said city.
Section 8. That said bonds and
coupons be in substantially the fol-
lowing forms:
CORN OF BOND)
UNITED STATES OF AMERICA
STATE OF WISCONSIN, COUNTY
OF WOOD, CITY OF VISION
SIN RAPIDS
WATERWORKS IMPROVEMENT
BOND
No. $500
KNOW ALL MEN BY THESE
PRESENTS: That the City Oh Wis
consin Rapids, in the County of Wood,
and State of Wisconsin, hereby ac-
lnowledges itself to owe, and for
value received promises to pay to
bearer the sum Of Five Hundred Dol
lars ($5OO) on the first day of Febr-
uary, 19--, with interest thereon at
the rate of six per cent per annum,
payable August 1, 1921, and semi-an-
nually thereafter on the first day of
February and of August of each year,
on presentation and surrender of the
interest coupons attached hereto as
they severally mature. Both principal
hereof and interest hereon are hereby
| made payable at the office of the City
Treasurer, in the City of Wisconsin
Rapids, Wisconsin. For the prompt
| payment of this bond, with interest
| thereon as aforesaid, and for the levy
| of taxes sufficient for that purpose,
the full faith, credit and resources of
said City are hereby irrevocably
pledged. :
This bond is one of an issue of $780,
500 Of like date, tenor and effect, save
as maturity, issued to improve the
waterworks plant and system located
IN and belonging to said City pursu-
ant to and in all respects in compli-
ance with Sections 925-133 and other
pertinent section of the Wisconsin
Statutes, 1919, and an ordinance duly
passed by the Common Council of said
City, and approved and published.
And it is hereby certified and recit-
ed that all conditions, things and acts
required by law to exist, to be or to be
done precedent to and in the issuance
of this bond have been, have existed
and have been performed in due form
and time; that the Indebtedness of
said City, including this bond, does
not exceed any limitation imposed by|
law, and that provision has been made !
for the collection of direct annual |
tax sufficient to pay this bond and in
terest thereon as the same natures.
IN TESTIMONY WHEREOF, the
City of Wisconsin Rapids, by it's Com
mon Council, has caused this bond to |
be signed by its Mayor and its cor
porate seal to be hereto affixed and |
attested by its City Clerk and the
coupons hereto attached to be signed |
by said Mayor and City Clerk by their
roc 1n(a4r l.