The Owosso times., 1922-09-22

duly had. according to the provisions OF said
CHARTER. has been duly confirmed by the Com
mission and ordered TO be collected directly
from the said roll In five annual instalments
and has been duly levied against the lands and
premises constituting the said special assess
ment district ar d against the owners thereof;
Resolved by the Commission of the City of
Owosso. that, for the purpose OF raising by loan
suficient funds TO pay that portion OF the cost
and expense OF constructing the said Comstock
Creek Storm Sewer to be raised by special
assessment, there be issued the negotiable
coupon bonds OF the City of Owosso. said bonds
to be forty-six !aol IN number, TO be numbered
bond numbered one (ib TO be OF the denomina-
tion OF Eight hundred dollars (s80O.0o). and the
remainder OF said bonds to be each OF the de
nomination OF One thousand dollars OtOUOt0),
10 fall due respectively as follows:
Bonds numbered to 10, inclusive, on October
Bonds numbered II to %, inclusive, on octo.
ber 2, 1921
Bonds numbered % to 81, inclusive, on octo-
Bonds numbered IS to 4s, inclusive, on ccto-
Der g, 1881
each bond to bear interest from date at the
rate OF hve per cent .ssl per annnm' payable
shall verally fall due. OF the coupons to be
attached to each bond and numbered consecu-
lively on each bond, and each to bear the mum
ber OF the bond to which II Is attached: all OF
said bonds to be dated the End day of October
is2s, and Doth principal and interest thereof to
be payable at the office OF the Ci Treasurer OF
Owosso. Michigan, and 1t Is hereby ordered that
for the full and true payment OF both the prin
cpal aud interest o said bonds when due, the
full faith, credit and resources of the ty OF
the @ 20, OF Owosso are hereby pledged, and that
fact Is ordered TO be made part OF each bond.
The Mayor and City Clerk are hereby author
lied and directed to execu said bonds with
the r gnatures, and to afix thereto the cor
porate seal of the City OF Owosso, and TO have
printed or Autographed on each OF the interest
coul ons 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 re-
ceipt Of full payment therefor The form OF
said bonds and coupons shall be substantially
as follows
STATE OF MICHIGAN
COUNTY OF SBIAwASSEE
No. CITY OF owosSo s
Comstock Creek Storm Sewer
Special Assessment Bonds
KNOW ALL MEN BY these presents That
the City of Owos o. in the County of Shiawas-
Sc and State of Michigan. municipal cor po
ration. hereby acknowledge, itself justly in
debted and for value received promises o pay
to the bearer he sum OF Dollars
% lawful money of the United
States of America, on the End day of October,
10 ut thu Office of the City Treasurer,
Owo so, Michigan, with interest from the date
hereof until paid at the rate OF five per cent per
annum, payable semi-annually on thu End days
OF April aud October OF each and every year
from the date hereof on presentation and sur
render of the proper interest coupons attached
hereto as they shall severally become due,
This bond is one of series OF forty.six bonds
Of like date and tenor, except as to amount and
date of maturity, issued by authority OF the
Commission of the City Of Owosso for the pur-
pose of providing funds to pay that portion Of
the costs and expences OF constructing the Com
GNennlr tor tn. oath haal
raised by special assessment. under and by vir-
tue OF the provisions OF Chapters fifteen and
eighteen OF the Charter OF the City OF Owosso,
aud the principal and interest thereof and OF
the series OF which this bond Is one are payable
put of the special assessments levied against
The lots, premises and owners thereof consti-
be assessed for said improvement or out OF he
general Comstock Creek Storm sewer fund
and this bond and the series of which IL Is one
are hereby declared to be tax exempt under the
avs of the State OF Michigan.
1t is hereby recited, declared ard certified
,he CONSTITUTE n and laws'of the State OF Mich
gan or the Charter OF said City to exist, hap
zen and be performed precedent to or in the
OF this bond have existed, happened
md been performed in regular and due time.
manner and form rs required, by law: and for
he prompt payment Cuf lpoth principal sand In;
sses, a q .rs sSna y, wnsn das ne as fssh
lerepy irrevocably pledged; and IL Is further
ecited. declared and certified tina, the total in
ebtedness of the City OF Owosso, including this |
ond ami the series OF which 1t forms q part, |
oes not exceed any constitutional, statutory
r Charter limitation.
IN WITNESS WHEREOF the Commission |
4 the City of Owosso have caused this bond to
e signed by the Mayor and ntersigned by |
he Clerk of said City. and the corporate seal |
4 said City to be hereto, affixed, and the inter-
st coupons hereto attached to be executed with |
he printed fac.similies Of the signatures OF
aid Ma or and Clerk on this 2nd day OF Octo-
er 1922
CITY OF owosSo
by............ .......... ........
MalOr