Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1922-07-25
he payment thereof.
AN ORDINANCE


Authorizing the issuance of West
| Courtney Street ana Hit Street and
| Spring Street lIi!l Bonds to the
amount of Twenty Thousand Dollars
$500 100000 and providing for the pay.
ment thereof.
Be 1t Ordained by the Council Of
! the City OF Ottawa, Illinois:
Section /. That for the purpose of
! constructing Il concrete road wav on
! West Courtney Street and Hit Street
in the City OF Ottawa. Illinois. and
! for the construction of a brick pave.
ment with a 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 t20j paving bonds Of One
| Thousand Dollars (Sl,OO0.0Oi each.
each to be dated August list, 1922, each
bearing interest evidenced by cou-
pons at the rate OF five CJl per CEN
tum per annum. payable Semi-anuual-
~. Two Thousand Dollars $4,000 O0l
/ 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, 1923, 1929, 1880. 1881 and 1892
Section .. The bonds hereby au.
thorized shall be substantially in the
following form:
United States of America, State of
Illinois, City of Ottawa.
No, ...............
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
! tS1,000.00) on the first day of August,
( 19,.., with Interest thereon from the
! date hereof at the rate OF five t5l
! per centum per annum, payable semi
annually on the first day OF August
and of February in each year on pre-
sentation and surrender of the annex
interest coupons as they seyerally 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 fineness at the First Ma
tional 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 a concrete
road way on West Courtney Street
! and Hit Street in the City of Otta-
wa, Illinois, and for the CHstrud
| ton of brick pavement with 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
! ter 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 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-
/ CURED by law, and that the total in.
| debtedness of the City of Ottawa, in
Guiding this bond does not exceed
! the statutory or constitutional limi
! tations.
! 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.