, 1921-09-01

collected by the said City Treasurer
in the same manner and at the same
time as the taxes for general city
purposes for said City for each year
are certified. extended and collected.
Section 3. That on the 18th day
OF December. A. ID. 1921. and on the
18th days OF June and December in
each year thereafter. so long as any
OF the interest codpons ap%pertaining
to the bonds hereby authorised to be
issued remain outstanding and un-
paid, the City Treasurer shall and
he is hereby ordered, authorized and
directed to remit out of any moneys
in his hands belonging to said City.
in the form of check or draft payable
In New York City. u, 8, A., 10 the
National Bank OF Commerce In the
City and State Of New York, U. q. A..
a sum sIn.cient to pay the semi-
annual interest accruing on said
bonds on the first days Of January
and July, respectively. in each year.
and any and all escrow charges
made by said bank for handling said
coupons; and on the 18th day Of
July, A. D.. 1871. the said Treasurer
shall and he Is hereby authorized,
ordered and directed out Of the sink
ing fund created under the provi-
siOns of this ordinance, to remit by
check or draft payable in New York,
to the said National Bank of Com
merce. In New York, a sum sufficient
to pay the principal amount of said
bonds as may then be outstanding,
together with the interest accrued
thereon to August 1, A.. D. 1874, and
any and all escrow charges made by
said bank for handling the same:
Provided, that upon the redemption
Of the principal Of any of the bonds
issued hereunder as herein provided.
the levy or levies Of taxes herein
provided for the payment of interest
may to the extent OF the interest on
the bonds SC redeemed be diminish
ed. -.. rr .-,,-.arf
Section 10. That said bonds,
when executed and registered a. and
In the manner provided by this ordi-
nance. shall be by the City Treasurer
delivered to the said Keller Brothers
and Company. the purchaser afore-
said, upon payment Of the agreed
purchase price: that said Treasurer
shall hold the proceeds Of the sale
Of said bonds in a separate fund sub
iect to the order of the said Board
Of Trustees to be used exclusively for
the purpose OF constructing an ade-
quate sewer system In and for said
City, but the purchasers of said
bonds or subsequent holders shall be
in no wise responsible for the appli-
cation OF the proceeds of said bonds
by the City Treasurer. Board of Trus-
tees, or any OF the officers Of said
City; and said bonds, or any part
thereof, which have been delivered
to said purchasers shall thereafter be
incontestable and their legality shall
not be open to contest by any person
or persons corporation or corpora
tons. or by said City for any reason
or reasons whatsoever.
Section 11.-That the Mayor and
Board Of Trustees and the Clerk and
Treasurer. respectively. OF said City,
all. any or either of them. are hereby
authorized, ordered and directed to
furnish the aforesaid purchasers Of
said bonds with such certificates.
transcripts or other documents as
will fully evidence the proceedings
had preliminary to the issuance Of
said bonds, the regularity and suf-
fciency thereof, and the acts Of any
one or all of said officers are hereby
authorized. ratified, approved and
confirmed.
Section IL. That it be and Is
hereby certified, recited and warrant
ed that all conditions. acts and things
necessary and essential to the valid
ity Of the bonds hereinbefore men
toned and required by law to be
done, have been fully done and per-
formed.
Section 10. That the provisions Of
this ordinance and each OF the bonds
and each of the interest coupons
issued pursuant thereto, shall, when
said bonds have been sold and de-
livered, constitute and the same are
hereby declared to be a binding and
i~rrevocable contract between said
City and the purchasers OF said
bonds and the holder from time to
time Of each OF said bonds and the
interest coupons thereto appertain-
ing.
Section IA. That all resolutions.
ordinances or orders. or parts there
OF. in conflict with the provisions
hereof. be and the same are hereby
repealed, rescinded and annulled.
Section Is. That this ordinance
shall be forever irrepealable until
the Indebtedness hereby authorized.
both as to principal and interest.
shall have been fully paid, sa tisfied
and discharged.
Section IS. That this ordinance,
being for the purpose of providing
funds for the immediate construction
OF a sewerage system in and for said
City and being necessary to the pub
lie peace, health and safety of the
City. an emergency. is hereby de-
and said ordinance shall
be in full force and effect
from and after its passage and ap-
proval.
Passed by the Board Of Trustees
18th day of August. A. D. 1921
Approved: August 29th, A. D:
1921.
E. A. KELL.
(SEAL) Mayor,