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394
<br />March 6t.h_ 1917_ Continued
<br />,. NOW, THEREFORE,, BE IT RESOLVED that as to said assessment in the sum of
<br />one Hundred Twentynine and 661100 ($129.66) Dollars against said Railway Company
<br />as an abutting property owner, that ten bonds be issued in accordance with the
<br />powers vested in said City by the provisions. of, said Acts, the foirst of which
<br />bonds shall Ve in the gum of Thirteen and 56/100 ($13.56) Dollars, due May 7th..
<br />1917, and the balance of said bonds shall be due and payable respectively one
<br />(1), two (2) Three .(3), Four (4), five (5), six (6). Seven (7), eight (8)1,
<br />and nine (9) years after the said first day of June,1917 and each of said 'bonds,
<br />except said first bond, shall be in the sum of Twelve and 90/100 ($12.90) Dollars
<br />and all of said bonds shall be numbered consecutively from one to ten inclusive.
<br />BE IT FURTHER RESOLVED, that as to said assessment made against said
<br />railway Company underits franchise in the -sum of Twenty-seven Thousand thirty-
<br />five and 83/100 ($27,035.83) Dollars that ten bonds be issued in accordance with
<br />the powers vested in said City by virtue of the provisions of said Act 9 the first
<br />of which bonds shall be in the sum of Twenty-seven hundred four and 33f1a0
<br />($2764.33) Dollars, dueMay 7,1917, and the balance of said bonds shall be due
<br />and payable respectively one (1) tiro(2), three (3),' four (4), five (5), six (6),
<br />seven (7), eight (8) and nine (91, years after the said first; -day of June,1917.
<br />and each of said bonds, except said first bond, shall be in the sum of twenty-
<br />seven hundred three and 50/100 ($2703.50) Dollars,.�and,all of said bonds shall be
<br />numbered' consecutively from one to ten inclusive.. Thai' each of the bonds mentioned
<br />in this resolution shall be payable by the City 'of -'South Bend to w Bea,rer",,thereof
<br />at the Treasurer's office out of funds actually paid in, or collected by -:it from,
<br />the Chicago, South Bend,& Northern Indiana Railway Company, upon each of the
<br />accounts respectively on account of said improvement and the agreement of .said
<br />Company to pay for the same'. ,
<br />Said bonds shall be payable in lawful money of the United State, with-
<br />out relief from valuation of anpraisement laws and attorneys fees. `,Each of said
<br />bonds shall bear interest at the rate of Six percent Gaza (6%) per ann.um from the
<br />first day of June,1917, payable semi- annually on presentation and surrender of
<br />of the coupons attached to said bonds as they severally' mature. Said. bonds shall
<br />have the same priority over other liens as have assessments for other street
<br />improvements and shall be a first lien on all the ,property, assets and franchises--,
<br />of said Railway Company in the manner and to the extent provided by lair.
<br />Adopted by the City of South Bend , Indiana, by and through its
<br />Board of Public Works this 3rd. day of march 1917.
<br />E. k. MORRIS
<br />A. H. RICE
<br />JOHN B. WEBER
<br />Board of Public Works of the City
<br />of South Bend, Indiana.
<br />Accepted by the stockholders ofthe Chicago, South Bend & Northern
<br />Indiana, "Railway Company, this 6th. day of March .1917.
<br />SAMUEL L. MURDOCK
<br />Secretary
<br />Copy of stockholders meetings of the Chicago, South Bend & Northern.
<br />Indiana Ry. Company attached to above and placed on file.
<br />The City Engineer submitted the following estimated costs of
<br />improvements which have li,een adopted by the Board.
<br />Estimated cost of the pavement Improvement on alley west of
<br />Lafayette Street from Monroe Street to South Street at...........:.....$1,440.00
<br />Estimated cost of pavement improvement in the first alley south of
<br />Jefferson Boulevard from Laurel Street to Chappel Lane at .............$ 21,031.75
<br />Estimated cost of the pavement improvement on Harrison Avenue from
<br />✓, Lincoln Way West to Fuerbr anger Street at.............................�3,990.00
<br />Estimated cost of - the pavement improvement in the alley west of
<br />/ Michigan Street from Madison Street to Marion Street at ...............$$ 1,440.00
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