The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1938-12-09

Resolved. Further, that this Council
does hereby estimate that the period
of usefulness of said pavements and
sidewalks, the partial payment of
which this Council is to issue Special
Assessment Bonds for, is not less than
Twenty (20) years.
Resolved, Further. that said serial
bonds and the interest coupons thereto
attached shall be payable at the Wy
andOrte Savings Bank, i'm said City OF
WyandOtte and that said serial bonds
be sold at the direction of said City
Council. at not less than par value and
that the proceeds of said sale be paid
TO the Treasurer of said City and by
him be placed TO the credit of the Cen
eraI Fund of said City.
Resolved. Further, that the Mayor
and the City Clerk of said City be and
they hereby are authorized and directed
TO execute. sign and cOuntersign said
bonds and affix thereto the corporate
seal OF said City, provided. however,
that each of the interest coupons at
fixed to each of said bonds shall be
executed with the original or lithO-
graphed fac-simile signature of the
City Clerk. and that the City Treasur-
er be and he hereby is authorized to
deliver said bonds to the purchaser or
purchasers thereof upon receipt of the
purchase money therefor. and that said
bonds and the coupons attached there
to, except only as to the necessary
variations i'm denominations, numbers
and dates of maturity, be substantial
ly i'm the following form:
United States Of America
State of Michigan
County Of Wayne
City Of Wyandotte
Paving and Sidewalk Bonds
Know All Men BY These Presents,
that the City of WyandOtte. County OF
Wayne and state of Michigan, acknow-
ledges itself to owe, and for value re-
ceived hereby promises to pay the
bearer the sum OF --------- Dollars
t$-------) on the -------- A, u -,
together with interest on said sum
from the date hereof until paid at the
rate of - per cennm 20 per
annum. payable semi-annually on the
- day Of --------- and ------.--L
in each year and upon the preseata-
ton and surrender Of the interest eOu-
pOns hereto attached as they severally
Ibecome due: both principal and inter-
est payable in Gold Coin Of the United
States of America of or equivalent TO
the present standard of weight and
fineness ut the banking house Of the
Wyandotte Savings Bank. WyandOtte,
Michigan, and for the prompt payment
of This bond, both principal and inter
est and maturity. the full faith. credit
and resources of said City OF Wyan-
,lotte are hereby irreyocably pledged
This bond is one of an issue of thir-
teen t13) bonds of like date and ten
or. of the denomination OF One Thou
sand Dollars ia, O0000) each. num-
bered from one Cd TO thirteen (13I
both inclusive, amounting In the aggre-
gate to Thirteen Thousand Dollars
| s1AOOOOO) issued by said City of
lWyandotte, for the purpose Of pr0yid-
| ing funds to defray the city's portion
If the cost and expense Ut grading,
curbing and paving Fifth Street In
said City from Oak Street to Superior
Boulevard: seventh Street I'm said City
from Ford Avenue to Alkali Street ;
First Street In said City from Walnut
street to Oak street: Sixth street In
said City from lannon's Boulevard .tO
IClinton Street: Eighth Street In said
l(ity from Ford Avenue To AlkaIi street
land for the construction Of sidewalks
on both sides OF Lincoln Street in said
City from st. John street 10 Goddard
Road and both sides Of Clinton Street
lin said city from sixth Street to
Ninth street.
!. These bonds are issued under and
i.y virtue Of resolution. duly and
regularly adopted BY the Council Of said
City on the 9Th day Of December. A.
lD. 1898. and under and by authority
Of and In accordance and in full com
l,hiance with the provisions Of the char
Ite-@ Of said City which Charter was
adopted on the 2nd day Of March, A.
II . A. Al Kf<<.l