River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1923-04-12
100000
STATE OF WISCONSIN
CITY OF RIVER FALLS
ELECTRIC EQUIPMENT POWER
RONDS

ELECTRIC EQUIPMENT POWER
BONDS
KNOW ALL MEN BY THESE
PRESENT, That the City Of River
Falls, Pierce and St. CroiX counties,
Wisconsin, acknowledges itself in
debted, and for value received, prom
ises to pay the bearer
ONE THOUSAND DOLLARS
Isl ,000.00), lawful money of the Unit
ed States of America, on the first day
of February, A. d. H., with in
terest from date until due and paid
at the rate of five per cent per an
mum payable semi-annually on the
first days of August and February in
each year, on presentation and sur
render of the annexed interest cou
pons, both principal and interest be-
ing payable at the office of the City
Treasurer of said City.
This bond is one of series of
bonds aggregating the sum of twenty
thousand dollars 1920, 100000 of like
date and tenor, but differing as to
maturities, which are issued by said
City for the purpose OF raising money
to construct, acquire and enlarge the
plant and equipment for the produc-
ton. transmission, delivery or furn
ishing of heat, light, water and power
either directly or indirectly, to or
for the public under authority and in
frict accordance with the provisions
of section 6704-2-f, Wis. statutes
1921 and any acts amendatory thereof
or supplemental thereto.
1t is hereby certified, related and
declared that the total indebtedness
of said City, including this bond, does
not exceed any constitutional or
statutory limit.
That the aggregate amount of all
bonded Indebtedness of said City is
sixty one thousand dollars $61,000.-
00)
That the outstanding bonds for SIM
liar purpose is fourteen thousand dol
lars ($14,O0O00)
That the value of all taxable prop
erty in the City of River Falls ac-
cording to each of the last five pre-
ceeding valuations is as follows:
For the year 1929, $2,610,670,00
For the year 1921, 1884,, 540.DG
For the year 1920, $2,465,819 90
For the year 1919, $4,000, $4,000
For the year 1918, $1,917, JOG Cc
That the average of said five years
valuation is S2,308,315.00 and that
prior to the issuance and delivery of
this bond the Common Council of
said City has provided for the collec-
ton of d direct annual tax upon all
the taxable property in said City. in
addition to all other taxes, sufficient
to pay the interest upon said bonds
as it falls due, and also pay and dis
charge the principal thereof as it ma
lures, and that all acts, conditions and
things required to be done precedent
to the issuance of this bond have been
properly done, happened and perform
ed in regular and due form and time
as required by the constitution and
laws of the State of Wisconsin.
The full faith, credit and resources
of said City are hereby irrevocably
pledged for the punctual payment of
the principal and interest of this bond
at maturity.
In witness whereof the said City Of
River Falls, Wisconsin, has executed
this bond by causing its Mayor and
City Clerk to sign their names and
affix the seal of said City thereto this
first day of May, A. D. 1923.
--------------- Mayor
-------------..--.- City Clerk
That the coupons attached to said
bonds shall be substantially in the
following form:
No. ----- S-----
The City of River Falls, Wisconsin,
viii pay to bearer--------- dollars
(S---------) at the office of the City
Treasurer Of said City on the first
day A. d.
10 being the interest then due on
its Electric Power Equipment Bond,
dated May 1st, 1928.
No. ---------
l--------------- Mayor
------------- City Clerk