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

H"'Hoii iM'h tlc ISSuuHce or Yves
courtney street and Hit Sreet ant
Spring Street IIil Bonds to Tn,
amount Of Twenty Thousand Dollar.
$20,OOO0O) and providing for the pay
ment thereof.
BE II Ordained by the Council OF
the City OF Ottawa. Illinois:
Section |. That for the purposa al
| constructing q concrete road way on
West Courtney Street and Hit Street
in the City of Ottawa. Illinois. and
for the construction of a brick pave
ment with concrete base on what is
| known as the hill on Spring Street
in the City Of Ottawa, Illinois. there
are hereby authorized to be issued
twenty (20) paving bonds Of One
| Thousand Dollars ($l,00000l each,
each to be dated August lst. 1922. each
| bearing interest evidenced by cou.
/ pons at the rate of five 90 per cen.
| tum per annum, payable semi-annual-
/ ly Two Thousand Dollars $4,000 00)
! in amount of said bonds shall become
due on the first day of August of each
Of the years Of 1923, 1924. 1925. 1926,
1927, 1928, 1929, 1890. 1891 and 1892.
| Section 2. The bonds hereby au.
| thorized shall be substantially in the
| following form:
! United States of America, State of
Illinois, City of Ottawa
| mo, ....,.......,,..
West Courtney Street and Hit
Street and Spring Street Hill Bonds.
100000.
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
received hereby promises to pay
, to bearer One Thousand Dollars
($1 100000 on the first day of August,
19..., 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 August
and of February in each year on pre-
5entation and surrender of the annex
interest coupons as they severally be-
come due. Both principal and in
terest of this bond are hereby made
payable in gold coin of the United
States of the present standard OF
weight and fneness at the First Ma
'ional Bank in the City of Chicago.
Illinois.
This bond is one of a series of like
tenor, except maturity, issued for the
purpose of constructing concrete
road way on West Courtney Street
and Hit Street N the City of Otta-
wa, Illinois and for tho cystrud
tion OF a brick pavement with a con
crete base on what is known as the
hill on Spring street in the city of OF
tawa. Ill.,, under the authority of Chap
fer XXIV OF the Revised Statutes OF
the State of Illinois, and of an ordi-
nance OF the CITY of Ottawa duly pas
sed, and is further authorized by an
election duly called and held.
1t is hereby certified and recited
that all acts, conditions and things
required to he done precedent 10 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 i'll
debtedness of the City of Ottawa, in
cluding this bond, does not exceed
the statutory or constitutional limi.
tatons
In witness whereof the City Of OF.
tawa Illinois, has caused this bond
to be sealed with its corporate seal,
signed by its mayor, attested by its
clerk. and has caused the annex in
terest coupons to be executed by the
fac smile signatures OF said officers
this first day of August 1922.
..,....,.............' ...'t.'''''''
Mayor,
Attest:
NEUTRALITY-SUSPICIOUS.. '..' ''.''''
City Clerk.
COUPON.
On the first day of August-February,
H.. the City of ottawa, Illinois,
promises to pay to bearer ...........
................... Dollars
(S.......,.,...) 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 West
Courtney Street and Hit Street and
Spring Street Hill Bond dated.....
.........,...... 3D..
NO. .............
.,.......t........ ........ '''''s.
Mayor.
Attest:
City Clerk.
Section g. That for the purpose of
providing for the payments of the
principal and interest of the bond
hereby authorized as they respective
| 1y become due. there shall be, and
there is hereby levied and there shall
, be collected a direct annual tax up
| on 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 sS45o.0o
For the year 1923 the sum of $2S5O.00.
For the year 1924 the sum of S2750.00,
For the year 1925 the sum of S265000,
For the year 1926 the sum of $255000,
For the year 1927 the sum of $245000,
For the year 1928 the sum of $2350.00,
For the year 1929 the sum of S2250.03
For the year 1880 the sum of s215O.00,
For the year 1881 the sum of $205000,
| And the provisions to meet the re-
quirements of this section shall be
included in the annual appropriation
Continued in col, 5, page 81