Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-06-10

ND1lIE.
Following is a part Of the proceed
ings of the Common Council Of the
City of Hurley, at a meeting thereof
held on June 9Th, 1922:
Resolved, that ordinance entitled
AN Ordinance providing for the issue
of Twenty Thousand Dollars ($2O,00O)
Street Improvement Bonds Of the City
Of Hurley, Wisconsin, this day intro
duced, be taken up for final passage
by this common council at the regular
meeting thereof 20 be convened at the
City Hall on Tuesday, the Goth day Of
June. 1922. at 7:45 O'Clock p. H.
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 10 the date Of the
regular meeting Whereat said proposed
ordinance viii be taken up for final
passage, a notice in substantially the
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 viii, at a regular
meeting Of said Common Council in
the City Han Of and in said City, on
the 10Th day Of June, 1922 at 7:45
o'clock 2. d., be called up for final
reading and consideration and for
passage, the following proposed or
dnance, t0-Wit:
AN ORDINANCE providing for
the issue of Twenty Thousand Dollars
($2O,00OJ 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 city in the sum Of Twenty Thou
sand Dollars ($2O,000);
NOW, THEREFORE, the common
council Of the said city of Hurley, DO
ordain as follows.
Section T. That, for the purpose
of providing funds to pay the cost Of
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 100000, and that bonds be
issued therefor
Section q That said bonds be dies
ignated Street Improvement Bonds,
Doe dated July list, 1922, be Of denom
nation Of $500, numbered from to
40, and mature in numerical order,
81 goo on July LIST 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, 1923,
and semi annually thereafter ON the /
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, attcsted by
the City Clerk thereof and that the
interest upon said bonds be evidenced
by coupons hereto 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 sinile
signatures, and said officers shall by
the execution Of said bonds, adopt as
and for their own proper respective
signatures their respective fac smile
signatures appearing ON said coupons:
that said bonds and coupons be pay-
able at Central Trust Company of
Chicago, Chicago, Ill.,
And 1t is hereby certified and re-
otcd that the value Of all taxable
property in the said city Of Hurley
according 10 each of the last rreced-
my valuations thereof was as fol
lows.
For the yeat l9l7......... 1901 .875 90
Tor the year l2l8...... IA ,759.74s.O0
For the year l9l9........l,SlI.G58.O0
Fer the year 1920 ......3. DDS. Sg5. go
For the year 1927 ..........2 .G91 .65S 90.
and that the average Of such values
Us ......,.#. ................ SCOTS, $500
And L is further recited and certi
iied that the amount OF an bonded in
dehtedncss of said city Of Hurley is
&2G5o0, and the amount thereof jn
outstanding bonds previously issued
toy ~ald city for Street improvements
70 he paid for by Che city is SIS.50O
Section 9. That said bonds and
coupons be IN substantially the follow
lpE torm
CORN OF BONDl
UNITED STATES OF AMERICA.
STATE OF WISCONSIN.
COUNTY OF IRON.
CITY OF HURLEY
STREET IMPROVEMENT BONDS.
KNOW H N.,, N m "a '#'