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CRDINW41,01,J
Anordinance of the City of 111'ent ,author izing the .-Inyor and ,ity Cl
to issue bonds al;ainat local Improvement District No.1,21, created
by ordinance of said city.providinr the rate of interest
the s, aid bonds shall bear, tbo data, of their issue nwl of their
maturity, road auVmrizing their w.le or delivery to the contractor
the iiiprovement in said ili,-3trict.
1.1 GITY
We 11,P CITY 0-v' i�-` i" *j") OR Al,i' A.;
Oectioll 1. 'I'liat the mayor arid the city clerk- of titer City of ant
be aid t'iioi are hereby autliorized an(I., directed to exec-ute sna issue
loc.al ij,Iproveiaent bonds against Local Lmprove-tent t)istrict No.121
of the said City,and the property included therain,,tr.,hich div,,A%xict
wwo., crea)-ted by ordinance -.o,9'7/ of said ("ity;as proviuej by law add!
the ardinwices of the � aid eityO in LI,Le
e, C, t i 0 bondri bo in denwaination.ei a�.; f j 1, 1 o vi a
,;oncio, riumbore,l fr,,),i I to shall be the nwi of ono hundredd
dL)Ilars each, area bond nurtbort=d shall bo for t cum of
sa.i,,;.t.7OndJ5 alliall be is2ued on or tiftucr the 19thd,-j, of 3'el0ruary
e�4' nx:�
to fter dnte
l'A",and shall be pajable w"I or before five yr,,
of L'ier iouue.
`.1"he.), shall bear interest at thio r, -it p- of eir-Gat per cPnt.t-)er <an
rlur,,t,Ilro,a I#.-i,,e do,'Le of tlieir iosuc until call,2-1 for ,.--ptont by t�le
trel,,aarer of f -mid , ity,which intere3t sliaill be fifty,31hlo innutally,
rind shall be evidenced by interest coupons, attached to etwh of said
borids, one coupon for each interest,oll of which coupons s,�hnll
4
be cubject to the terms z,-md conditions of Vie bond to whic'n the
same are titt:-tched,and if bond r�'Iiall be cnlle,; for pytrf,,j,,-at be -
W. .
fore the Ymturity of :in coupoll ',I.",Y bc ;tt;^Ghed
said co-aijon shall be come void.
vection
3.,
The
bondz
ia;tued under the provissionr� of this ordinance
may be
sold
for
cash at
not 1eBs than their par value,or cnaa.y at, t;ae
election of the city council be issued directly to the contractor
making, the irnprovement in said oi,strict,and delivered to hi,,,I)y the
11 city Ulerk,im.'aedi&Le1y upon LIae it is sue.
I.
I3 'Section h. This ordiriFnce shRII take effect fives dnjvs riftor its
pa�,s3sra.x,e,•�r1�r.ov,�.l ;a.iid public tion -as by 1,-„v provided.
l ,aoor:ed the council -euruary bth.l' 12.
J,pprove? d by the ,,ia:yor February Z)th.1512.
J4tLeet
t:itj Clerk