Alma record. (Alma, Mich.) 1878-1928, 1922-06-08

terest at 5last payable semi-annually on June
|. and December l. Of each year. both princi-
pal and interest To be payable at Detroit
Trust Company. Detroit. Michigan.
execute said bonds on behalf of the City and
cause the corporate seal Of the City 10 be
affixed thereto, and that interest coupons be
attached Ia said bonds bearing the fac
simile signature OF the Mayor and City Clerk
that said bonds. when executed be delivered to
the City Treasurer. and by him delivered 10
The Detroit Trust Company the purchaser
thereof payment of the purchase price
therefor in accordance with their bid which
Is hereby accepted.
That said bonds be in substantially the fol-
lowing form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF GkATIOT
DISTRICT PAVING BOND
Know all men by these presents. that the
City OF Alma. Gratiot County. Michigan. ac-
knowledge- itself "a and for value re-
s cen hereby promises TO pay 70 the bearer
the United States of America. ON the first
day of June. A. d.. 10 with interest
thereon from the date hereof until paid at
rate of $40 per annum, payable semi-an-
nually on the first day of June and Deem
Der OF each year. on presentation and sur
render Of the annexed interest coupons AS
they severally become due. Both principal
and interest of this bond are hereby made
payable at Detroit Trust Company. Detroit.
Michigan and for the prompt payment of
this bond, both principal and interest. the
full faith. credit and resources Of the City of
Alma are hereby irrevocably pledged.
This bond is one of series of twenty
bonds Of even date and like tenor except a. To
amount and date of maturity. agRregating the
sum of $l9500.00 issued for the purpose of
paving Woodwork Street in said City and in
anticipation Of the collection Of special as
sessments levied on lands in Paving District
No. in accordance with the provisions Of
Sections 172 and 1sl of the City Charter
adopted at election November 3. 1913.
This bond is payable out of the interest
and sinking fund of said City of Alma. and
it Is hereby certified and rccited that all
acts. conditions and things required by law
precedent To and in the issuance of this bond
exist and have been done and performed ia
regular and due time and form required
by law. and that the total Indebtedness of
said City including this bond, does not ex-
coed any constitutional, charter or statutory
in WITNESS. WHEREOF. the City of
Alma, Gratiot County. Michigan by its City
Commission, has caused this bond To be
signed by its Mayor and counter signed by
its Clerk. and its corporated seal TO be af-
fixed hereto of the first day of
June: a. ID. 1922.
Countersgned;
CITY OF ALMA
Mayor
FORM OF COUPON
No
The City OF Alma. Gratot. County. Michi-
gan will pay TO the bearer hereof the sum
OF Dollars lawful money of
the United States sof America. on the first
day of A. ID. 10 at Detroit
Trust Company. Detroit. Michigan. being the
semi-annual interest due that day on it,
District Paving Bond dated June /. A. ID.
1922. No.
City Clerk.
Mayor.
The above resolution was supported by
Commissioner Chick and passed by an aye and
nay vote follows:
yes-Commissioners Glass. Archer. Chick
and Mayor Murphy.
Nay Commissioner Crcascr.
Moved by Commissioner Archer and sup
ported by Commissioner Glass that the fol-
lowing appointments made by Mayor Charles
X. Murphy members of the Cemetery Board
be accepted. ID. l.. Sharrar four years l.. ~
Baker three years, Vim. Medler two years,
A. W. Brock five years. Mrs. c. G. Rhodes
one year.
Ayes Commissioners Glass Creaser. Archer
and Chick.
Moved by Commissioner Chick and sup
ported by Commissioner Archer that the
meeting adjourn. Motion prevails.
Chas II. Murphy. Mayor.
{. j.. Blank. Clerk.