The Owosso times., 1922-09-22

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Commission and the assessment set forth
the SAID roll in Ave annual installments and
has been duly levied against the lands and
premises constituting the said special assess
ment district and against the Owners thereof;
Resolved. by the Commission Of the City
OF Owosso, that for the purpose OF raising by
loan sunicient funds 70 pay that portion OF the
cost and expense OF constructing TIE said
Southwest Owoseo Trunk Sanitary Sewer to
be raised by special assessment,. there be is.
sued The Negotiable coupon bonds of the CITY
OF Owosso, said bonds to be sixteen (6J In
numb-r and TO be numbered consecutively
from one to sixteen, and to bear date the End
The denomination OF Four hundred dollars
0tO0.JOl. and the remainoer OF said bonds to be
each OF the denomination OF One thousand
lively. as follows:
bonds number d 1 to Z. inclusive, on October
Bonds numbered to s, inclusive, on October
bonds numbered to IL, inclusive, on October
Bonds numbered 10 to 10, inclusive, on ooto.
ber2, 1884, *t.
each bond to bear intertst from da mt the rate
, OF hve per cent % per cent? per annum payable
semhannually on the presentation ss tn. shall
severally fall due OF the coupons to be attached
10 each bond and numbered consecutively on
each bend, and each bond to bear the number
or the bond TO which IL Is attached, all of said
bonds and coupons to be payable at the Office OF
the VI Treasu er of Owosso, Mchigan; and 1t
Is hereby oraered that for the full and true
payment OF both the principal and INTEREST OF
said bonds when due, the full faith, credit and
. resources OF the City OF Owosso are hereby
pledged, and that fact is ordered to be made a
part OF each bond.
The Mayor and City Clerk are hereby author
w hai
lures and TO afftx thereto the corporate seal of
the CITY OF Owosso, and to have printed or
ltthog aphed on each of the interest coupons
fac-similes of their signatures; and the Mayor
Is authorized to negotiate said bonds at not less
than par, and TO cause the same to be delivered
TO the purchasers thereof on receipt of full
payment therefor Il Q form OF said bonds and
coupons sha'l be substanti lily as. follows
STATE OF MICHIGAN
COUNTY OF sHIAwA ssEE
No. CITY OF owoSsO
Southwest Owosso Trunk Sanitary sewer
. special Assessment Bond
KNOW ALL MEN BY these presents that
the City of OwosSo, in the County of Shiawas
see and State OF Michigan, a municipal corpo
ration hereby acknowledges itself Justly
indebted, and for value received promises 10
pay, 10 the bearer, the sum of
Dollars ($ } lawful money of the United
states OF America, on the End day OF October,
" At the office OF the City Treasurer, Owosso,
Michigan, with interest from the date hereof
until paid at the rate OF hve per cent per
annum, payable semi-annually on the 2nd days
of~fApril and October of each and every
year from the date hereof on presentation
and surrender OF the proper interest coupons
attached hereto as they y'shall severally become
due. .-t
Ihis bond Is one OF u series Of sixteen bonds
Qt. flke date and tenor except as to amount and
qHtg o. maturity, issued by authority of the
pose of providing funds TO pay that portion OF
t1e costs and expenses of constructing the
SOUTHWEST Owosso Trunk Sanitary Sewer in
sag CITY, TO be raised by special assessment
uuudr and by virtue Of the provisions OF Chap
ters hftecn and eighteen OF the Charter OF the
ClW pt Owosso. and the principal and interest
tneFe0f ana OF the series OF which this bond is
0pas ere payable out OF the special assessments
isvbsdt aghfust the lots, premises and owners
thefepf constituting the special assessment
meat, or out OF the general Southwest Owosso
frVnk ,SanitsE Sewer fund and this bond and
the series OF which 1t is .onet are hereby de-
clArcsis 70 be tax-exempt under the laws OF the
Stats OF Michigan.
u is hereby recited. declared and certified
lAnt az acts. e9nditions and things required by
a ,ws ssss,g sss.e e MtSsi ss,a
the issuance OF this bond, have existed, hap |
pened and, been performed IN regular and due |
simas manner and form as required by law; and |
fPr the prompt payment OF both principal and
lntSFest OF this bond when due the full faith,
credit and resources Of the City OF Owosso are |
hereby irreyocally pledged; and it is further |
recit8d. declared and certified that the total |
Indebtedness OF the City OF Owosso, including |
This bond and the series OF which IL forms a |
part does net. exceed any constitutional, stat
ntosy or charter Limitation.
1N WITNESS WHEREOF the Commission |
"a the City OF Owosso have caused this bond to |
pc signed by the Mayor and countersigned by |
the Clerk of said city and the corporate seal OF
sac pity to be hereto afhxed, and the interest |
,QVpons hereto attached to be executed with |
heprinted fac SMILES of the signatures Of the |
salq MAYOR and Clerk on this End day of Octo
bery 1927. ~
-, CITY OF owosso
- uu
cg y'''''''''''''' ''''' ''''''
Mayor
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