12/14/1920 Board of Public Works Minutes

Home Browse Search

Tuesdaz December 14th. 1920 1 NOW THEREFORR B SIT RBSZ,OLVED THAT toa,_bonds be issued ;in sao ordanes, with the pokers vested in _said C ity by v Irtue of the prov is tons of said act,. the first of which bowls shall be in the sum of Three hundred seventy-three and 41/100 (4373.41 Dollars, due :May lst.,1921, with Interest evidenced by`coupon attached, to said bond on the total cost of sold improvement, taivit, threi.thousand seven hundred twenty aight and 6V100 (09728.61 ) Dollars from the 8th.. day -of December 1920 to the lst. day 'of of June 1921, said interest being in the suss of One hondred and s lz and 89/100 (stoc 59) Dollars. And the balance of which said bonds shall be due and payable respectively ono�� (1) t*a(2)'' Thrse(3) four (41 five(5) six 98), seven (7), aIght (8) and nine (9) years after the lst. day °of May 19219and each of sa id bonds (except said first bond) shall be in tole sum of threes hubdrad seventy-two► and 8.01100 ($372.80) dollars, and all 'of said bonds ;shall be numbered.'aonsocutively from one to ten , Ina lusive, and allt of said bonds. (except the_ . first thereof) shall have coupons_ attaa hod ev ideno ing the interest payable on said bonds, which Interest shall Z-a- at the rate, of s Ix. (6%) per cent per annum from the f iret. day of May 1921, payblesss tUmus-lly in presentation and surrender of the coupons as they severally mature, and the' aoupone of said bond shall be in the amount of the interest due stmi- annually on the unpaId. ,balaeae of the total pritiaipsI' aum of all of sold bonds. Said bonds sbail. be payable in lawful money. of the United,States.'withont. ra1Isf Irom va-luat Ion and appraisement laws and attorneys! lees. Said bonds shall have the same pr ioity over other liens as have . assessments for other street iffiprovemente,,; and shall be s first 1%n on all property, assets and franchises of said Rollway Company In the zanner and to the, extend prov lded by. law, Adopted by the City of South Bend, Indiana, this 14th., day of Dec 1920. G. A. ELLIOTT H. F. ROSTISER ;OHM F. DEHAVEN Board of Public Works. Accepted by the Stockholders of the Chicago, South Send 7 Northern ,.Inds° Railway C ilkpany this 14t h. day of Dec. 19209 - R. 'SMITE OREN A. SMALL glce` freafdeat i Ass%. Sooty. Treas., The abode` act ion - on the part of the stockhol ys - of the Chitrsgo 8onth Band k Northern Ind ions► Ea ilway Company has been athariaed the meet ing, on the nth. day of Sept„ , 1920, and such act ion of the stoekhalderq was rq�ified .by the directors of said ..Company at their meeting held on the 8th. dory of Sept # 19 . R A R.tITH OREN A. SMALL � � Pres. Asst Secy.' tress., ..