The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1928-09-14

~ y uCSi CdSCS. 81 lhdt III
combined amount due in principa
and interest on each succeeding
due date remains the same unit
the bond is paid in full; and
Whereas, this inquiry has beer
of sufficient scope so that this
City Council has determined tina
such amortization bonds canno,
be negotiated at a reasonable rate
of interest advantageous to the
people of this City and issuance
of Refunding City Bonds of this
City, maturing serially, in ex
change for such Water, Water
Water Main Extension, and Sewer
Bonds, will Immediately effect a
material reduction of interest pay
ments and thereby a distinct adj
vantage to the City and the tax
payers thereof;
Now, Therefore, by reason of
the Premises
BE 1T ORDAINED BY THE
COUNCIL OF THE CITY OF
WOLF POINT. IN THE COUN-
TY OF ROOSEVELT AND
STATE OF MONTANA
Section 1. That this City Coun-
ell hereby determines that said
proposed Reminding City Bonds in
the principal amount of Fifty One
Thousand Dollars 1851, 000.) can
not be negotiated at a rate of in
terest advantageous to the people
of this City if issued upon the
amortization plan; and this City
Council hereby determines. that
the issuance of bonds payable SER
will be most advantageous to
this City, and the issuance of
said Reminding City Bonds, pay
able on the serial plan, in ex-
change for a like amount, with in
terest, of said Water, Water Main
Extension Bonds, and Sewer
is deemed for the best in
and advantage of this
City, and is found necessary and
expedient to enhance, preserve
md maintain the credit of this
City.
Section 2. That by virtue and
pursuance of Section 1888 Re-
Used Codes of Montana of 1921,
here shall be and there is hereby
authorized, ordered and directed
o be issued negotiable coupon
,onds of said city of Wolf Point,
0 be denominated "Refunding
yity Bonds" in the aggregate
Principal amount of Fifty One
thousand Dollars (S51,000.) for
he purpose of refunding the out
landing and unpaid Water, Water
lain Extension, and Sewer Bonds
f said City now redeemable, OPP
ional and outstanding, as recited
! the preamble hereof.
Section 3. That the Mayor and
itv Clerk of said City of Wolf
'oint be and they are hereby au-
1orized and directed to have pre-
AIRED the negotiable coupon
onds of the City in the said ag-
amount of Fifty One
thousand Dollars 5 10000 I
Section 4. That said bonds
.reby authorized shall be negot- /
bile in form, payable to bearer.
1all bear date the first day of /
eptember, A. D. 1928, shall bear {
at the rate of five and
ne quarter per centum (5H ~ I
or annum. payable semi-annually G
! the first day of January and t
le first day of July in each year, r
Id at maturity, shall consist of t
bonds. numbered, de- f
animated and maturing as fol Y
VS.: +
o. of Bond, Denomination, Ma +
rity, Amount per year follows: +
$1,000. September l., 1929 t
$4,000. t;
4-s1 900. September 1, 1000
$4,000. o
$4,000. September l., 1881 Fl
50. 000. il
$1,000. September 1, 1892 a
$4,000. tt
1871, 600. September /, 1898 W
1000. IL
12-s1.O00; $500. Septem-
Der 1, 1994-s2,500. ts
15-s1,0OO; 16-s5O0. Septem- h,
Der I. 1935-s2,5OO. p
18-s1,OOO; 19-s50O. Septem- al
Der l., 1886, $500. p;
21-s1,0OO; 22-s500. Septem- So
Der /, 937-s2, 500. as
600; 25-s5OO. septem-
: /. 193S-s2,500. W
PSI, 900; 2s-s50O. Septem- M
Ter 1. 1939-s2,5O0. eli
3O-s1, 900; $1,000. Septem- 81
Ter 1, 1940-$2,500. an
33-S1.000; $4,000. Septem- an
Ter 1, 1941-s2,50 500. es
SO. S7-s1,000. September 1, tn
942-s3,O O0. of
80, 4O-s1,OOO. September 1, fir
943-S3,000. 10
40. 43-s1,O00. September /,
944, $4,000.
45, 46-s1,0 600. September 1,
945-s3,O 600. (S