HomeMy WebLinkAbout~Master - Authorizing Issuance of Bonds to Construct a System of Water Works 41
ORDINANCE NO r63 b a t F t
by it
AM ORDINANCE AUTHORIZING In 7 e-t C y It e s.�3i said Clcy of
of BONDS To PROCCR THE Mo-NE n} by 1. CO4SL c.11 yl,r,and ae
Rb eau>3 1 Y Y Ld t_) b•J i
ti �. r S a ;.t t t its t_1erk.
• BARY TO ERECT AND CONSTRUC C A CPat S ith tne so it of the city dui l.tl 85 Of Chic I
ON WATER wOHr:S FOP. III?. (:ZTI OFA Sec ono(..ty o.Janrrar v,A.D. l i&,, -
ZUSV3. MARLFy
Whereas,Tl,3 City of Ames, in the Coi y Attest: May?r(,f t e City of Anie:. s
of story, is a city of the second Class d uy A Ii MIA:4S ELL,
organized and etr,ti.g, t nc r and by virtue Clerk of the City of Ames. 1
of the law of the Stat-_of io v t, aud (Form of Coupon)
Whereat The question of issu i i(inr
js .n
the sum of 4 ,U 1 for waterworks for s tld ci ,y t N0.......... ..
having been duly autliori<ed by more thrl a AMES, IOWA,
two-thirds inaj ority of the voters of tbte r y The Treasurer of the City of Ames. Iowa, -
i
voting,ata
'I legally called and noire w_1 o-ty to he art-r, WE1-Ta FIVE DOL-
on the 1OLh day of October, A. D. 1,05, it is L 1 .S on the First t day or ...............19....,
~ therefore at the B&ukm Hn Of r`eo. lvi. Bechtel and
Ordained,by the City Council of the City of�Company,Da,_-r.cijwr� Iowa, for scmi-annual �
Ames,in the County of Story and State of interest on its Water Works Bond, dated
Iowa: ,January 2nd,1906, No... .........
Section 1. That there be and there are _
- - hereby autboriz d to be issued by the City of •-pj� of the City of Ames. -
Ames,Iowa, its nr godii ble bonds in the al_re-
gar,e amount o.:?s.04, which bond, shall be Section 3. That the May
and Clerk of the '
• aasignaF?d "vvwtc'r GSut...q i;u- C.tv nd are tie,obv tr thor'zed,empoveered i !
bonds shall consist of t veuty-eight bind. in and ,ir�eteil to have p ep.a;.3 tire blyuk
nntnb2r,in the denomination of 11,000, each, bouc's In ae uidat ce w.1h this Ordinance.
numbered from one to t Se n y eigiu tnCaisiS e Said k mks to be igne(c by the Mayor and
Said bonds shall be date i the beeona day of tt *`l by the c xt;t,l ri,,Svit'i the seal cif the
January,i4)e, and U rpuae due and p:.yab,e City 11xeLl The ante e.,t coupons thereto
on the First day of J tnu ary, 1916 or on any art acli d shall be ignec by the City Clerk.
Interest p..y meat date after the Pitsc day of Se Lion 4. That there shall be assessed a ,;
January,19t1,at the option of said city levy each year u au all the triable property 1
Said bonds shall bear it_terest at tl e rate of AN nbin tile city, n addition to Lhe levy author- r
Fiveper centum per atip.unr, p�jyalble, semi i ei for other purpo , a sufricieut sun: to
annnally on the rinit days of January a ice Pay the interest and principal of said bonds 1
July In each year, which inters t Shall be at their=hurt y as r qu red by law. 1
evidenced by interest coupons to be attached S.ctiou ,. That the money procured from -
to each of said bonds. Both principal and the Sale or said bonds shall be used for the '
Interest,of said bonds shall be paid in lawful'erection of said system,and.for no other pur- 1
money of the United States of America,at the Pose whatever.
banking house of (,co. hi. Bechtel and Com- Section 6. This Ordinance shall take effect
yany,in the City of Divenpoet, and State of and be in force and effect from and after its
1
Iowa. passage and posting,as by statute provided.
Section 2. Said bonds and coupon- hereby This Ordinance Is hereby approved this 1st
authorized shall be in form substantially as day of January 1.011.
13llows, to-wit: PARLEY SFiF.1,DON,
(Forin of Bond) Attest: Mayor. F
A.B.MA%WELL. t
No............. 51,000 Clerk. t
UNITED STATES OF AMERICA. — —
STATE OF IOWA, COUNTY OF STORY,
CITY OF ANIES WATER WORKS BOND.
The city of Ames, in the State of Iowa, for
value received,promise to pay to i ter,f the
UaAeTHOC S tat DOLLARS 1 s vfttl Firstoney clay
the
United Scares 1 6,o America,on the e First Gay of
January,A.D.19i6,or ac any ant-e.�st payment
period before said last named date after the
First da,,fr Janine it'll, with irate st at
said ate of Fiv the date hereof, until paid. at
the race of Five per centum per annuin, pay-
able semi annually, I on the it st d ty of Jann-
ary and July in each year, upon pre entation '
and surrender of the interest couoons hereto eq—tt1,L a
attached Both principal and interest pay-
able at the banking hone of Geu M. 136cucel
and Company,In Lh0 City OY Davenport,t, and of I �� d �'�`"/✓-�
State Of Iowa.
This bond is issued ri the City of Ames,for
the pura system
to prof war the funds necessaryto erect a system of ware, works within and (//J
for said City, pursuant to the laws of the
State ofll Iowa,and issued in strict compliance % 5V
wJt all the requirement,thereof, and in con- N�tt r
fora"!t�to more than a two thirds majority !r jlC.
'ZIT'l the qualified voters residing withtu
said City of Ames,voting at an election legally
called and held on the loth day of October, a .
1904,and under the provisions of an Ordinance
passed by the Council of said City of Ames. 1
And It is hereby certifieddand recited. d Y
all acts, conditions and things required h
the laws and e precedent
dent of the State e L
Iowa,to be done pr eeec.enc to and in the inane
of this bond, have been properly done, hap-
pened and been performed in regular and due
form as required by law that the faith.credit
and revenues,and all the real and personal /--
properey of the yen are firrevocable pledgcd
ud t ��Ctil eF.d l iL�ti1�L.C�/ AX Cr
for the protrpt payment of the principal .,nil ,
interest hereof, at maturity, andArd that the /`
total indebtedness of said City,fneing this A
bond,does not exceed the Constitutional or
i
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