The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1921-04-22
pRnpnsEn ORDINANCES

PROPOSED ORDINANCES
An Ordinance authorizing the issue of
bonds of the City of Edgerton, Rock County,
Wisconsin, in the of Fifteen Thousand
Dollars $lsOO for the purpose P 81 Paying
nv having certain streets in said city, and
providing form for said bonds, and levying
a tax for the purpose OF paying the principal
and interest thereof.
Whereas, the Common Council has hereto
fore declared it to be the sense and purpose
of said Council to improve East Fulton Street
from Catlin Street to York Road, Rollin
Street from Head Street to Stoughton Road,
Stoughton Road from the west end of Rollin
Street to Washington Street, Swift Street
from Rolln Street to Saunders Creek bridge,
and Albion Road from the north end of Swift
Street to Victoria Road by grading the road
way thereof and constructing thereon con,
crete pavement together with a combined
concrete curb and gutter, and
Whereas, the City's portion of the cost of
said contemplated improvement and paying
will amount to approximately Fifteen 1hou-
sand Dollars ($l5,0OO) and,
Whereas, the Common Council deems IT adj
visable and expedient to secure the funds
for the payment of the City''s portion of the
cost of said improvements by the issue OF
its bonds in said amount,
Wherefore the Common Council OF the City
of Edgerton do ordain as follows:
Section One %. That for the purpose OF
paying the City Of Edgerton's portion of the
cost of improving East Fulton Street from
Catlin Street to York Road. Rollin Street
from Head Street TO NOdu,
ton Road from the west end of Rollin Street
to Washington Street, Swift Street from Rol-
lin Street to. Saunders Creek bridge. and
Albion Road from North end of Swift Street
to Victoria Road by grading the roadway
thereof and constructing thereon concrete
pavement together with combined concrete
curb and gutter, there be and hereby is
authorized the issue of the City of Edgerton
municipal bonds to the amount of Fifteen
Thousand Dollars ($15,OOO). Said bonds shall
be consecutively numbered from l to 80, in
Ill al. H.
ton of Five Hundred Dollars ($500.00).
The said bonds shall bear date to the
fifteenth day of April 1921, and shall be signed
by the mayor and city clerk and attested by
the corporate seal of the City of Edgerton,
and shall be issued in all respects in conf
pliance with the requirements of Sections
925133 and 943 of the Wisconsin Statutes
The bonds shall bear interest at the rate of
six per cent (69o) per annum, payable at the
office of the city treasurer OF the City OF
Edgerton the 18th day of April and Octo-
Der in each year, evidenced by interest
coupons attached to each of said bonds The
bonds shall be payable at the office of the
city treasurer, Edgerton, wisconsin, as fol
lows
Bonds Nos l to s. inclusive, shall be pay
able April IS, 1881.
Bonds Nos. to 10, inclusive, shall be pay
able April IS, 1882.
Bonds Nos. II to Is, inclusive, shall be pay
able April IS, 1888
Bonds Nos 10 to 20, inclusive, shall be pay
able April IS, 1884.
Bonds Nos q to Is, inclusive, shall be pay
able April IS, 1885.
Bonds Nos. 20 to 80, inclusive shall be pay
able April IS, 1886.
Sec. D. For the purpose of providing for
the payment of principal and interest on said
bonds and when the. same shall become
due, there is hereby levied on all the taxa
BILE property of the City of Edgerton, in adj
ditiOn to all other taxes, tax sucicient to
pay the various installments of principal and
interest as they Severally become due.
Sec. g. Said bonds shall be substantially
the following form, to-wit:
United States of America,
State of Wisconsin, County of Rock, City of
Edgerton
Street Improvement Bonds, 1921.
KNOW ALL MEN BY THESE PRESENTS
that the City Of Edgerton in the, County of
Rock in the State of Wisconsin, acknowledged
itself to owe and for value received prom
ises to pay to the bearer on the 18th day of
April 10, the sum of ------------------------
(S---------------), together with interest there
on from date hereof until paid at the rate of
SIX per cent go per annum, payable on the
18th days of April and October in each year.
as evidenced by and upon presentation and
surrender of the annexed interest coupons as
they severally become due. Both principal
and interest shall be paid in lawful money
of the United States of America, at the of
hce of the city treasurer. City of Edgerton
State OF Wisconsin, and for the prompt pay
ment of this bond and interest as aforesaid
at maturity the full faith, credit and re-
sources of said city are hereby inviolately
and irrevocably pledged This bond is issued
ny SdIu Nlly IOI the purpose OF providing
funds for the payment of the Citys portion
of the cost of street Improvement in said
City. 1t is issued in all respects in full
compliance with the provisions of Sections
925-133 and 943 of the Revised Statutes of the
State of Wisconsin, and it is hereby further
certified and recited that the total indebted
ness of said city including this bond does
not exceed any constitutional, statutory, or
other limitation; that all acts. conditions;
laws of the State of Wisconsin to be done
precedent to and in, the issue of this bond
have been properly done and have been per-
formed in regular and due form and time as
required by law, and that said city has pro-
vided for the collection of direct annual
tax upon all the taxable property therein
sufficient in amount to pay the interest there
on as it falls due and also to pay and dis
charge the principal thereof at maturity
In Witness Whereof said City of Edgerton
has caused this bond to be signed by it's
mayor and city clerk and attested with it's
corporate seal, and the interest coupons here
to attached to be signed by Autographed and
facsimile signature of said mayor and city
clerk, which said signatures they hereby
adopt as their own, all as of the date of the
18th day of April, A. D. 1921.