Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-07-01

5y this common council Al the regular
meeting thereof to be convened at the
Cts Hall on Tuesday, the both day Of
June 1922, at 7:45 o'clock P. 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 twice prior to the date of the
regular meeting whereat said proposed
ordinance viii be taken up for final
passage, "a notice in substantially the
following form
NOTICE.
To the people and voters Of the City
Of Hurley, Wisconsin,.
Notice is hereby given that there
has been introduced and is now pend
mg In and before the Common Council
of said City, and VIII, at a regular
meeting of said Comm Council ia
the City Hall Of and in said City, on
the 10Th day Of June, 1922 at 7:45
o'clock ?. NJ. be called up for final
reading aud consideration and for
passage. the following proposed or
dinance t0-wit
AN ORDINANCE providing for
the issue Of Twenty Thousand Dollars
,S20,000l Street Improvement Bonds
Of the City Of Hurley, Wisconsin.
WHEREAS, it is, by tins the com
mon council Of the city Of Hurley
deemed necessary and for the best
interest of the citizens and residents
Of said city that 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
improvements are to be paid for by
said city IN the sum Of Twenty Thou
sand Dollars (S20.000);
NOW. THEREFORE, the common
council Of the said city Of Hurley, do
ordain as follows;
Section l. That, for the purpose
Of providing funds to pay the cost Of
improving streets in and 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 Twenty Thousand
Dollars tS20,000), and that bonds be
issued therefor
Section ,. That said bonds be des
ignated Street Improvement Bonds
be dated July LIST, 1922, be of denomi-
nation of $500, numbered from / to
30, and mature in numerical order.
+ 81 900 on July LIST Of each of the years
1923 to 1912. That said bonds bear
interest at the rate Of five per cent
+ per annum, payable January LIST, 1928.
and semi-annually thereafter on the
day Of July and Of January of each
year; that said bonds be signed by
the Mayor and sealed with the cor
perate seal of said city, attested by
the City Clerk thereof and that the
interest upon said bonds be evidenced
BY coupons thereto attached, matur-
/ ing on the several days when such
interest natures, and that such cou-
pons be signed by the Mayor and City
/ Clerk by their respective fac similc
signatures, and said officers shall by
the execution of said bonds, adopt as
and for their own proper respective
signatures their respective fac smile
signatures appearing or said coupons
that said bonds and coupons be pay
able at Central Trust Company Of
Chicago, Chicago, H.
And ii is hereby certified and re
cited that the value Of al taxable
property in the said city of Hurley,
according TO each OF the last proceed
ing valuations thereof was as fol
lows:
For the year 1917. 1901 ,375 90
For the year 1918. .......1, 759, 748.0 90
For the year 1919. ,S11 ,653.00
For the year 1920. .......3 ,228. S95 90
For the year 192l........ 2.691 $500
and that the average Of such values
is OBSERVATION-DISCLOSURES. 81, 07S, Cos 90
And it is further recited and certi-
fled that the amount Of all bonded in
dcbtedness Of said city of Hurley is
$4,000, and the amount thereof in
outstanding bonds previously issued
by said city for Street Improvements
to he paid for by the city is SI8.500.
Section g. That said bonds and
coupons be in substantially the follow
ing form.
(EDpM on nnNnl