Free trader-journal and Ottawa fair dealer., 1922-07-06
AN ORDINANCE.

Authorizing the issuance OF Fire
Department Equipment Bonds to tht
amount of Sixteen Thousand Dollars
($lG.00000) and providing for the
payment thereof
BE II Ordained by the Council oi
the City of Ottawa, Illinois:
Section l. That for the purpose OF
the purchasing OF motorized fire
truck and a motorized ladder wagon
and OF two thousand feet t2000 ft)
Of hose, there are hereby authorized
20 be issued sixteen GG) Fire Depart.
ment Equipment Bonds OF One Thou
sand Dollars ($l,000.00) each. each
to be dated August 1st, 1922, each bear
ing interest evidenced by coupons at
the rate of five 90 per centum per
annum. payable semi.annually. Two
Thousand Dollars ($2,00000) in
amount of said bonds to become due
on the first day of August of each of
the years 1923, 1924. 1925. 1926, 1927.
1853, 1929 and 1880
Section .. The bonds hereby au-
thorized shall be substantially in the
following form:
United States of America, State OF
Illinois. City of Ottawa.
NO.
Fire Department Equipment Bonds
81 10000.
Know all men by these presents
that the City OF Ottawa, in the Coun-
ty of La Sale and State of Illinois.
acknowledges to owe and for value re-
ceiyed hereby promises to pay
to bearer One Thousand Dollars
(Sl ,000.00) on the first day of August
b., with interest thereon from
the date hereof at the rate Of five
90 per centum per annum. payable
semi-annually on the first day Of Aug
ust and OF February in each year on
presentation and surrender of the an
mex interest coupons as they severally
become due Both principal and inter
est of this bond are hereby made pay
able in gold coin of the United States
of the present standard of weight and
flneness at the First National Bank
in the City of Chicago. Illinois.
This bond is one of a series of like
tenor. except maturity, issued for the
purpose Of purchasing equipment for
the Fire Department in said CITY un-
der the authority of Chapter XXlV
of the Revised Statutes of the State
of Illinois. and of an ordinance OF the
City OF Ottawa duly passed, and is
further authorized by an election
duly called and held.
II III hereby certified and recited
that all acts, conditions and things re-
gured to be done precedent to and
In the issuing of this bond have been
done, happened and been performed
in the regular and due form as re-
quired by law, and that the total in
debtedness of the City OF Ottawa, in.
cluding this bond, does not exceed
the statutory or constitutional llmi'
tations.
In witness whereof the City Of OF
tawa. Illinois, has caused this bond
TO he sealed with it's corporate SEAL
signed by its mayor attested by its
clerk, and has caused the annex in
terest coupons to be executed by the
fac simile signatures Of said officers
this first day of August 1922.
..................'
Mayor.
Attest:
...,..,.,.ttt.. ''''''' ''''
City Clerk.
COUPON.
On the first day of August February,
10. the City of Ottawa, Illinois,
promises to pay to bearer .........
............... Dollars
($........l in gold coin of the
United States at. the First National
Bank in the City of Chicago, Illinois,
for interest due that day on its Fire
Department Equipment Bond dated
...........,r .....,..........'."
192...
NO. .,...'.....''.
...........,...... ...,,.....''
Mayor.
Attest:
.t..,,,.,'.... ..''.'.'''' -
City Clerk.
Section 3. That for the purpose
of providing for the payments of the
principal and interest of the bond
hereby authorized as they respective
" become due, there shall be. and
there is hereby levied and there shall
be collected direct annual tax upon
all taxable property in the City of
Ottawa. Illinois. sufficient to produce
the following sums for the following
years:
For the year 1922 the sum of $Sl5O0o.
For the year 1923 the sum of $265000,
For the year 1924 the sum of $255000.
For the year 1925 the sum of $2450.00,
For the year 1926 the sum of $235c,00,
For the year 1927 the sum of $4,000,
For the year 1928 the sum of $2I50.00,
For the year 1929 the sum of $2O500o,
And the provisions to meet the re-
qairements of this section shall be in
cluded in the annual appropriation
Continued in col. 4, page g.