Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-06-17
NOTICE.


! Following is a part of the proceed
lings of the Common Council OF the
! City Of Hurley, at a meeting taereo1
held on June 9Th, 1922: g.,
Resolved, that ordinance entitled
IAN Ordinance providing for the issue
Of Twenty Thousand Dollars (S2O,O0O)
Street Improvement Bonds Of the City
of Hurley, Wisconsin" this day intro
duced. be taken up for final passage
bv this common council at the regular
meeting thereof to be convened at the
/ CITY Hall on Tuesday, the goth 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 will be taken up for final
passage, a notice in substantially the
1 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
ing in and before the Common Council
Of said City, and will, at regular
meeting of said Common Council IN
the City Hall of and in said City, on
the goth day Of June, 1922 at 7:45
o'clock P. NJ, be called up for final
reading and consideration and for
passage, the following proposed or
dinance, to-wit:
AN ORDINANCE providing for
the issue of Twenty Thousand Dollars
(S2O,000) Street Improvement Bonds
of the City of Hurley, Wisconsin.
WHEREAS, it is, by this 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 citv in the sum of Twenty Thou
sand Dollars ($20,000);
NOW, THEREFORE, the common
council of the said city Of Hurley, DO
ordain as follows:
Section /. 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 ($20,000), and that bonds be
issued therefor
Section 2. That said bonds be des-
ignated Street Improvement Bonds,
be dated July LIST, 1922, be of denomi-
nation of $500, numbered from l to
40, and mature in numerical order,
81 900 on July 1st 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 l
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 smile
| signatures, and said officers shall by
the execution of said bonds, adopt as
and for their own proper respective
signatures their respective fac smile
1 signatures appearing on said coupons;
that said bonds and coupons be pay
able at Central Trust Company Of
Chicago, Chicago. III.
And it is hereby certified and re-
cited that the value of all taxable
property in the said city of Hurley,
according to each Of the last preced-
/ ing valuations thereof was as fol-
lows:
For the year 1917........S9 01,375.00
/ For the year 1918. .......1, 1853, 74S.00
For the year 1919 .....1, 1911 $500
For the year 1920. 3,228, $4,000
For the year l921........2, 1881 $500
and that the average Of such values
/ is INSTRUMENTATION. LOIS, $500
And il is further recited and certi-
/ fed that the amount of all bonded in
/ debtedness of said city Of Hurley IS
/ $27,500, and the amount thereof in
outstanding bonds previously ise-;Gedl
by said city f3r Street Improvements
10 be pad for by the city is Sl8,500
Ser.on 8 That said bonds and
-@2upous be in substantially the follow
ing form:
(FORM OF BOND
. UNITED STATES OF AMERICA,
STATE OF WISCONSIN,,
COUNTY OF IRON.
CITY OF HURLEY
STREET IMPROVEMENT BONDS,
No. .......,. S..-.-. -#.......
Know all Men by These Presents;
That the city Of Hurley, in the coun-
" Of Iron. and State Of Wisconsin.
hereby acknowledges itself to owe, and
tor value received promises to pay
30 bearer the sum Of Five Hundred
Dollars 5000 on the first day Of July,
l9..... with interest thereon at the
rate of five per cent per annum, pay
able January LIST, 1928. and sem5-an-
nually thereafter on the lst day Of
J11v and oF January Of ga n wear. anon