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

An ordinance entitled. An oroin1nct
! providing for the issue Of Nineteer
Thousand Five Hundred Dollars (Sl9. 500
Street Improvement Bonds for the City
of Hurley, Wisconsin" was introduced by
Patrick Lancer, which ordinance is sci
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 1919, 500 Street I'm
proyemeut Bonds of the City of Hur-
1 ley, 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 7:4j O'Clock Z. NJ.
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, notice i'll sub
stantiallythe 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 n and before the Common Council
of said City, and will. at regular
meeting of said Common Council, to
be held in the Council c hamber i n the
City Hall of and in said City, on the
18th day of July, 192IatT:45O'clOckP.
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 /
bred Dollars $50, 500 Street Improve
Bonds OF the City of Hurley. WlscOn- /
sin.
WHEREAS, ii is, by this Inc common /
council OF the city of Hurley, deemed .
necessary and for the best interest of .
I he citizens and residents of said city .
hat certain improvements be made .
tn and to certain of the streets in and
of said city, and it has been found .
and determined that such street i'm
are to be paid for by said
city in the sun OF Nineteen Thousand /
Five Hundred Dollars (Sl9, 500;
Now, THEREFORE,, the common
council of the city of Hurley, do or
dain as follows:
Section /. That, for the purpose of
providing funds to pay the cost of
improving streets in aud of said city
to the extent that such improvements
are to be paid for by said city. there
be borrowed upon the credit of said
city, the sum of Nineteen Thousand
Five Hundred Dollars $50, 500) and
hat bonds be issued therefor.
Section ,. That said bonds be de-
Street improvement Bonds,
be dated June 1, 1921, be of denomina-
ton of $500, numbered from | to 80,
and mature in numerical order 81 900
on jane ! of each of the years 1922 to
1910 on June 1, 1871. That said bonds
bear interest at the rate of SIX per
cent per aunum, payable December /,
1921. and semi-annually thereafter on
t he list 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 theseveraiday whensuch
interest natures. and that such cOu-
pons be signed by the said Mayor and
City Clerk by their respective fac
simile signatures, and said officers
shall. by the execution of said bonds.
adopt AS and for their own proper
respective signatures their respective
fac slnile signatures appearing on
said coupons; that said bonds and
coupons be payable at Central Trust
{ ompauy OF Chicago, Chicago, Ill.
Section 3. That said bonds and
coupons be in substantially the fol-
lowing form:
(EDRM DE RONDl