River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1923-04-12
CITY ORDINANCE No. 81

An ordinance providing for the is
sue of bonds of the City of River
| Falls, Wisconsin, for the purpose of
| raising money to construct, acquire
and enlarge the plant and equipment
| for the production, transmission, de-
livery or furnishing of heat, light, wa
ter and power either directly or in
directly, to or for the public; fixing
| the form of such bonds, levying tax
| to pay the interest and principal
| thereof, and directing the execution
and delivery of said bonds.
The Common Council of the City of
River Falls, Counties of Pierce and
st. Croix, State of Wisconsin, do or
| dain as follows:-
SECTION L. That the City of Riv-
er Falls, Wisconsin, duly issue its
coupon bonds in the aggregate
amount of Twenty Thousand Dollars
$780, 100000 for the purpose of rails
ing money to construct, acquire and
| enlarge the plant and equipment for
| the production, transmission, delivery
! or furnishing of heat, light, water and
power either directly of indirectly,
to or for the public under authority
conferred on it by section 67.04-2f,
Wisconsin statutes 1921 and any acts
amendatory thereof and supplemental
thereto.
That said bonds shall be known as
Electric Power Equipment Bonds, be
twenty 900 in number, numbered
from one ca to twenty (20) inclusive,
be dated May LIST, 1928, be of denomi-
nation of l thousand dollars ($1 ,000)
each and bear interest at the rate of
five per cent per annum payable semi
annually on August first and Febru-
airy first in each year, and be payable
as to principal as follows
Bonds numbered l and on Febru
airy 1st, 1924, and two bonds in the or
der of their numbering on February
first of each year up to and including
the first of February 1888.
That said bonds shall have interest
coupons attached thereto providing
for the payment of the interest there
on at the rate and times hereinbefore
specified. That the coupon evidencing
the interest due August first, 1923, be
for the scm of twelve dollars and fiji
ty cents (S12.50), being the amount
due at said rate for the period from
May LIST, 1923 to August 1st, 1928,
and that the remaining coupons be for
the interest for the period of six
months.
That each of said bonds be pay
able in lawful money of the United
States of America, at the Office of the
City Treasurer of said City.
That the aggregate amount of all
the bonded Indebtedness of said City
is sixty one thousand dollars $751;
100000
That the value of all taxable pro-
perty in the City of River Falls ac-
cording to each of the last five pre-
ceeding valuations are as follows:
For the year 1922, $2,610,670 600
For the year 1921, $2,547, $4,000
For the year 1920, S2,465,819.OO
For the year 1919. $4,000, $4,000
For the year 1918, $1,917, 10000
That the average of said five years
valuation is S2,308, 1880
That such bonds shall show on their
face the amodnt of the assessed valu-
alton of all taxable property in said
City for each of the five years next
proceeding the date. of their issue and
the average amount thereof; also the
total amount of all bonded indebted
ness and the amount of bonds out
standing for similar purposes.
SECTION >. That said bonds shall