HomeMy WebLinkAboutAuthorizing the Sale of Barrett Law Bonds & Coupons in Connection with Improvement Resolutions No. 1863 & 1923ORDINANCE No. 333,5--
Passed by the Common Council of the City of South Bend,
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Presented by me to the Mayor of the City of South Bend,
Approved and signed by
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City Clerk
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ORDINANCE NO. .3.336
AN ORDINANCE AUTHORIZING THE SALE OF BARRETT LAW
BONDS AND COUPONS, AND TIE INTEREST OF THE CITY
WITH RESPECT THERETO, ISSUED BY SAID CITY IN -
CONNECTION WITH IMPROVEMENT RESOLUTIONS NOS. 1863
AND 1923.
BE IT ORDAINED AND RESOLVED: By the Common Council of
City of South Bend that the City of South Bend sell, assign,
transfer and convey:
Barrett Law bonds and coupons for the year
1931 owned by the City of South Bend; and
issued pursuant to Resolution No. 1863, pro-
viding for McKinley Avenue pavement from
Sun yside to Greenlawn, Roll No. 2144; and
Barrett Law bonds and coupons for the year
1931 owned by the City of South Bend, and
issued pursuant to Resolution No. 1923, pro-
viding for McKinley Avenue pavement from
Greenlawn to Twenty- Second Street, Roll No.
2235; and
All of the right, title and interest of said
City in and to any assessments levied on
account of said bonds owned by said City:
to INLAND BONDING COMPANY, a corporation, for the sum of ONE
THOUSAND ($1,000) DOLLARS, and for the further consideration of
the delivery to said City by said Inland Bonding Company of a
release duly executed by it, releasing and discharging said City
of and from any liability of any kind or nature that exists, or
may exist in favor of said Inland Bonding Company on account of
its ownership of bonds and coupons issued by said City of South
Bend, pursuant to said Resolutions Nos. 1863 and 1923; and the
Mayor is hereby ordered, directed and authorized to execute and
ver to said Inland Bonding Company upon the payment of said
sum. -of money and upon the delivery to said City of said release
a food and sufficient assignment of said property sold; and this
be s fficient authority to him sal emises.