The Ypsilanti daily press., 1943-06-12
UNITED STATES OF AMERICA,
STATE OF MICHIGAN, COUNTY
OF wASHTENAW, CITY OF
YPsILANTI HOSPITAL REvE-
NUE. BOND

No..... 81 .00O
KNOW ALL MEN BY THESE
PRESENTS, that The city of Ypsi-
lanti, Michigan. for value received,
hereby promises to pay to the bearer.
or II registered. to the registered
holder hereof, but only out of the
revenues of said Boyer Memorial
Hospital as enlarged and altered, the
sum Of one THOUSAND Dollars on the
......... ................... with
interest thereon from the date hereof
until maturity at the rate Of ....-.
per cent per annum payable semi
annually on the fifteenth day Of
December and on the fifteenth day
of June Of each year, on presentation
and surrender of the annexed inter-
est coupons as they seNerally become
due II not redeemed prior thereto
Both principal OF and interest on this
bond are payable in lawful money Of
the United states Of Am riCa. at the
office of the city Treasurer of the
city of Npsilanti. and for the prompt
payment thereof the gross revenues
of said hospital. including future
additions and extensions are hereby
irrevocably pledged, and statutory
first lien thereon Is hereby created.
This bond is one OF series OF IS
bonds Of like date and tenor except
as TO tamount andb date of maturity,
aggregating the sum # 100000 is
sued pursuant to the authority of
Act No. 81 Of tie Public Acts of
Michigan for the year 1888, as amend
ed by Acts so. and No 81 Of the
Public Acts Of Michigan for the year
1889, and Act No. 2lO of the Public
Acts Of Michigan for the year 1871.
and Act. No. 2l9 of the Public Acts
OF Michigan for the year 1913
which bonds do not constitute an
Indebtedness Of said City of Npsi-
lanti within any state constitutional
provision or statutory Limitation and
OF an ordinance duly adopted in pur-
suance thereof by the Common Coun-
ell of The city Of Npsilanti on the
..,......day OF .s.............,
l943. for the purpose Of improving.
enlarging. extending, repairing, and
altering Beyer Memorial Hospital.
owned by The city Of Ypsilanti.
Michigan, and is payable solely out
Of the revenues Of said hospital. The
City OF Npsilanti hereby covenants
and agrees to fix and maintain at all
times. while any OF such bonds shall
be outstanding, such rates for serv-
ices furnished BY said hospital as
shall be sufficient to provide for the
payment of the interest upon and
prineiPaEefL all such bonds as and
when the same become due and pay
dbAtt " create II bOHu anu Interest re-
demption fund therefor to provide
for the payment of the expense of
administration and operation. and
such expenses for maintenance of
said hospital necessary to preserve
the same in good repair and working z
order. to build up a reserve for de-
probation of said hospital. and TO
build up a reserve for improvements
and betterments that may be neces-
Sary TO maintain the same in good
repair and working order
This bond is a self-liquidating rev.
enue bond and the principal OF and
interest on this bond are exempted
from any and all state. county. city,
municipal and other taxation whatso-
ever under the laws Of the state OF
Michigan, and is secured by the
statutory lien created by said Act
40. % Of the Public Acts Of Michigan
for the year 1898, as amended by
Acts No. and 80. - Of the Public
Acts Of Michigan fos the year 1888.
and act. No. 2iO Of the Public Acts
Of Michigan for the year 1871. and
Act No 30 of the Public Acts OF
Michigan for the wear 1913. and pay
able solely from the revenues OF said
hospital and is not general obliga-
tion of The city % Npsilanti
This bond may be registered as to
principal only on the hooks Of the
Treasurer Of The CITY Of Ypsilanu in
'he name of the holder. and such reg
istration noted on the back hereof
by tho city Treasurer after which no