The pioneer-review. [volume] (Philip, Haakon County, S.D.) 1920-current, 1922-05-25

V6VsVVV oS"Nb ASOH~A'' 'O' e.'~ 49,
of Philip, Haakon County, South
Dakota.
Whereas. the Council Of the City
of Philip, Haakon County, South
Dakota, at meeting regularly
called and held in said City on
March q. 1922, by resolution duly
passed and adopted. provided for
submitting to the qualified cleo
tors Of said City. at the annual ell
ection to be held April Is, 1922.
after due notice, as by law requir
ed, the question of issuing the
bonds of said City in the amount
of $4,000, to be known as Sewer
Bonds, said bonds to be dated May
I, 1922, become due May l, 1912.
and bear interest at the rate of
six per cent co per annum, pay
able semi-annually for the purpose
of constructing system of sewers
in said City; and
Whereas. notice of said election
stating the purpose for which said
bonds are to be issued and the
amount and rate Of interest there
Of was duly published not less than
ten days before said election as re-
quired by law; and
Whereas. said question was duly
and properly submitted at said ell
ection, and there did vote at said
electors. 80 electors Of said City,
of which said electors ia did vote
IN favor of issuing the bonds af-
,resaid and l07 did vote against
said proposition, said ia electors
so voting in favor of mourning the
said indebtedness being majority
Of the electors Of said City voting
at said election which said vote
has been duly canvassed and de-
clared and the Council; and
Whereas, it is deemed necessary
to provide for constructing the
Sewer System in and for said City
and the present cost incident to
such work is not less than the sum
of $4,000;
Now. Therefore. Be 1t Ordained
Thy the City of Philip, Haakon
County, South Dakota, as follows:
Section !. That for the purpose
IF constructing a system of sewers
in said City there be borrowed the
sum of $4,000, and that the nego-
table coupon bonds of said City
be issued therefor.
i Section 2. That said bonds be
dated May |, 1922, be of the demo
| mination of $1,000 each. numbered
from to 20, both numbers includ-
ed, and be due and payoble May
I, 1912, that said bonds bear inter
est at the rate Of six per cent co
n per annum, payable on the first
; day of November 1922 and semi
annually thereafter on the first
, day of May and November of each
year. That said bonds be signed
by the Mayor of said City and at
tested by the Auditor thereof, with
| the seal Of said City affixed and
that interest accruing upon said
| bonds be evidenced by coupons
thereto attached, maturing on the
several days when such interest
natures, and that such coupons be
signed by the fac smile signatures
Of said Mayor and Auditor and
that said officials by the execution
of said bonds, shall adopt as and
for their own proper signatures
their respective fac smile sigma
lures appearing on said coupons
That said bonds and coupons be
payable at Continental & CONNER
|cial Trust and Savings Bank. in
the City of Chicago, State of II
! linois.
Il Section 3. That said bonds, cou-
pons and certificate of registration
be in substantially the following
forms, to-wit:
(Form of Bond)
| UNITED. STATES OF AMERICA
State Of South Dakota. County of
i Haakon, City of Philip.
4 Sewer Bond
i No. 1880 $1,000. 90
i KNOW ALL MEN BY THESE
PRESENTS: that the City of Phi
! lip, Haakon County, South Dakota.
acknowledges itself to owe and for
value received hereby promises to
pay to bearer the sum of One
Thousand $4,000 Dollars on the
first day Of May 1912. with interest
thereon at the rate Of six per cent
| 90 per annum, from date hereof
until paid, payable November |,
1922 and Substantially thereafter
on the first days of May and Nov
ember Of each year upon presenta-
! ton and surrender Of the coupons
hereto attached as they severally
mature. Both principal hereof and
1 interest hereon are hereby made
payable in lawful money of the
United States Of America at Con-