Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1921-06-10
AN ORDINANCES

CITY OF LADYSMITH, WISDOM
SIN, TO THE AMOUNT OF $12,-
900 90, AND PROVIDING FOR THE
LEVY OF AN ANNUAL TAX FOR
THE PAYMENT OF THE PRINCI-
PAL AND INTEREST THEREOF.
WHEREAS, it is deemed expe-
dent and advisable to improve GER
tain streets of the City Of Ladysmith,
Wisconsin, and the expense of such
improvement to be paid in part by
said City; and,
WHEREAS, there are insufficient
funds in the treasury of said city to
it will be necessary in order to raise
funds for such purpose to issue the
negotiable coupon bonds Of said
City in the sum of $12, 100000;
NOW, THEREFORE, the Council
of the City of Ladysmith does ordain
as follows:
SECTION 1. For the purpose of
providing funds for the fund of
street improvements which are to be
paid for by the City of Ladysmith,
Wisconsin, there is hereby authorized
to be issued by said City negotiable
coupon bonds in the aggregate
amount of $12,00O.0O, consisting of
twelve bonds of 100000 each,
which said bonds shall be dated the
first day of June, 1921, and bear in
terest evidenced by coupons, at the
rate of six per cent (6%o) per annum
the first installment Of interest to be-
come due and payable on June /,
1922, and thereafter interest shall
be payable semi-annually on the
first day of June and on the first
day Of December of each year Both
principal and interest of said bonds
shall be made payable at the office
of the City Treasurer of the City of
Ladysmith, Wisconsin. Two of said
bonds shall become due on the first
day of June in each of the years
1886 to 1871 both inclusive, and
shall be paid in order commencing
with the lowest serial number
SECTION 2. The bonds hereby
authorized shall be in substantially
the following form.
Mo- $---
UNITED STATES OF AMERICA
State Of Wisconsin
City Of Ladysmith
Street Improvement Bond.
KNOW ALL MEN BY THESE
PRESENTS, that the City of Lady
smith, in the County of Rusk, in the
State Of Wisconsin, acknowledges
that it owes, and for value received,
hereby promises to pay to bearer
| One Thousand Dollars ($1, 000.00),
lawful money of the United States of
America, on the first day of June,
10, with interest thereon from the
date hereof, at the rate of six per
cent (6%) per annum, payable on
the first day of June 10, and of
December of each year, on presenta-
ton and surrender of the annexed
interest coupons, as they severally
become due. Both principal and in
terest of this bond are hereby made
payable at the office of the treasurer
of the City of Ladysmith, Wisconsin.
This bond is one of a series of
like tenor, issued for the purpose of
providing funds for the payment of
street improvements which are to be
paid for by said City, and issued un-
der the authority of Section 925-133
of the Statutes Of Wisconsin, and of
an ordinance duly passed by the
Council Of said City.
1t is hereby certified that all acts,
conditions and things required to be
done precedent to, and in the issuing
| of this bond, have been done, hap
pened and been performed in regular
and due form as required by law;
that direct annual tax has been
levied upon all of the taxable prop
erty in the City of Ladysmith, Wis
consin, sufficient to- pay the principal
and interest of this bond as they sew
orally become due; and that the total
indebtedness Of said City, including
this bond, does not exceed the statu-
tory or constitutional limitations.
IN TESTIMONY WHEREOF, the
Council of the City Of Ladysmith
Wisconsin, has caused this bond to BIZ
signed by its Mayor, attested by Its
City Clerk, with the corporate sea
hereto fixed, and has caused to be an
nexed interest coupons to be execu
ted with the fac-simile signature o
said officers this first day OF June
1921.
GEORGE LUELL,
- Mayor
Attest:
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