Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-07-16

An ordinance entitled. IAN ordinance
providing for the issue of Nineteen
thousand Five Hundred Dollars (Sl9, 500
Street Improvement Bonds for the City
of Hurley, Wisconsin" was introduced by
Patrick Lancer. which ordinance is set
forth at length in the Notice to the peo-
pie and voters of the City of Hurley, Wis
consin, appearing below in this record
Thereupon the following resolution was
/ introduced by alderman Joseph Pollock:
/ RESOLVED. that ordinance entitled
/ AN Ordinance providing for the
issue of Nineteen Thousand Five
Hundred Dollars 1918, 500 Street I'M
proyement Bonds of the City of Hur-
/ lev. Wisconsin, " this day introduced,
be taken up for final passage by this
Common Council at the regular meet
ing thereof to be convened at the
City Hall on Tuesday, the 10Th day
of July, 1921, at 7:45 O'Clock 7. M.
RESOLVED FURTHER, that the City
Clerk do publish in the Montreal
River Miner and the Iron County
News the official newspapers of said
City, at least one week prior to the
date of the regular meeting whereat
said proposed ordinance will be taken
up for final passage, a notice Ia sub
stantiaIlythe following form:
NOTICE
To the people aud voters Of the City
of Hurley. Wisconsin.
Notice is hereby given that there
has been introduced and is now pend (.
ing In and before the Common Council !.
of said City, and viii. at regular /
meeting of said Common Council, to .
be held in the Council c hamber in the .
City Hall of and in said City, on the
18th day of July, 192lat7:45O'clOckP p. (
NJ be called up for final reading and
consideration and for passage, the
following proposed ordinance tO-wit:
AN ORDINANCE providing for the
issue of Nineteen Thousand Five Hun
drpd Dollars (Sl9, 500J Street Improve
Bonds of the City of Hurley, WlscOn-
sin
WHEREAS. ii is, by this the common
council OF the city of Hurley, deemed
necessary and for the best interest of
he citizens and residents OF said city
hat certain Improvements be made
in and to certain of the streets in and
of said city, and it has been found
and determined that such street inn
are to be paid for by said
city in the sun OF Nineteen Thousand
Five Hundred Dollars $50, 500;
Now, THEREFORE,, the common
council of the city OF Hurley, do or
dain AS follows:
Section / That, for the purpose OF
funds TO pay the cost of
improving streets in aud of said city
to the extent that such improvements
l.. hrro f.ff
be borrowed upon the credit of said
city, the sum of Nineteen Thousand
Five Hundred Dollars $50, 500 and {
that bonds be issued therefor.
Section 2. That said bonds be de-
Street Improvement Bonds,
be dated June 1, 1921, be of denomina-
tion of $500, numbered from l to 80,
and mature in numerical order 81 900 (
on june ! of each of the years 1922 to
1910 on June /, 194l. Tnat said bonds
bear interest at the rate of SIX per ;
cent per annum payable December /,
1921. and semi-annualiy thereafter on
the lst day of June and of December
OF each year; that said bonds be
signed by the Mayor and sealed with
the corporate seal of said city, at
tested by the City Clerk, thereof aud
that theinterest upon said bonds be ey-
idenced by coupons thereto attached,
on theseveraldays whensuch
interest natures, and that such cOu-
pons 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 simile signatures appearing on
said coupons; that said bonds and
be payable at Central Trust
Company OF Chicago, Chicago, Ill.
Section s. That said bonds and
coupons be in substantially the fol-
lowing form:
(FORM OF BOND
UNITED STATES OF AMERICA
OF WISCONSIN, COUNTY /.
OF IRON
CITY OF HURLEY