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HomeMy WebLinkAboutOrdinance No. 204 ? 0 AHO1'; 110. N 2$4. 0 0 D ")i 14!XG L-.' XXAGWERO" ISSUAUG:: AKD l7?:?,1?. utY Ov uOU-t 1,4 "P?iNW ji,. "U"'a # z La:.. 0V,-21''!Leta III .?,?: _.? sr,.ki.?r 3?d Leal 111 J.r ?'.,? 'RIOT is O. 41, IN T g,%.' SITY OF LAU::',Mo 1!0.HT,&HA, tJD 2'i Gi.IBINQ I43N a' D KATUI.iITY D,_T -.- 01P 2ZOM on the 3.6th day of September, lA9, the Oi ?y Goun- of this Oity of rei?• Montan-.9 pa.sood and, fi al-Ly ttdopted Lion no. 1Sz• cresting Speci.E_1 Improvement 'L)istric No. 41, the gaid Qity of Laurel, for `he purpose of lht, ing and instrsll-- extensions to the mains of said city, and .$ i fA?;* It is provided in the rokvolutions, ordintnoes and oe,.4ings heretofore passed nad had by vai& City Counail in neation zith the grea.tion of said Speaiul Improver,lent District, t payment for said work and i.nprovewents shell be made by vial Improvement District Bonds to ae i.s.?ued ag,;:, ast said Lis- at; all of which more fully up years from the rooolutions and os heretofore passed and adopted by said, City G:,unoil, from the minates of the meetings of said Uity Gounail, reference all of :;high is hereby 0xpressly made" SYotion 1. That for the purpose of providing uhe necees; de with v.hioh "Vo pay for :she work -,nd improvemonts in S )eeictl rovainenL District No. 41 of the ait'y of Laurel, i:'ontwia, fin- ding exigi.neering eat;pansde and all other inaidentals, there shall executed and issued xa4ptiable ooupon bonds of said O?peoiel I prove=nt District go. 41, in the prinai_ial .um of Nine tkun;IX06. irty- seven jag-Z7*00# itoll€brE. said bonds to be Zan ? r and nwsbera& oouseautively from pns (1) ? o Ton both lusives z d 'btgl * shall b4 at the option of the at saAry Un* thoft axe -?"do to the credit of said Special er xtt Dist.riot Vac 41 for the re oWtien thereof. iah of d. b= Az she" bo iazt,.:reet •at the rate of six (6%) per vent . snow from the data 49 its registration, interest ?sy:.l?le an January let, of each your, and intoyeat voayons in the a. hereinafter provided shall be Alta hP d to each of said bonds S4 as 7?' bonds shall be issued, dated and delivered from tine to time y be mareeass?ry0 LS payment for 4hu 1tork and improvements in District, as the work proaresses. aaotiom Z. That- the denomination of each bond Issued in t fbr the iNa rk and improvements in said Special Improvement Di trice No. 41, be, and the sajw is laereby fined at the sum of hapdred (4100,00) Dollar,&; provid:3d, howavor, that the last tp be 80 issued ehaU be in such sans as shall repro:?,®nt the 4" N for said work and improvawe8ts lose than ale AWMsd (A4010011ars. .tion 3* that the as$Wi .date and time of payment of ate. all of said bonds shall be the first d,-:y of January 1928, est, however, to redemptios PrOVIAed in the farm of bond ins his ordinance hsreiAafter eoAtaiaodo i? $ Lion 4. 4hat each of said bonds shall be amhatent3M&IT tallow ing fort " Djetriog 110. 41 Hnite; gtste# of America STATE OF MONTANA 0 P D x;100.00 Zaterest 6 per oont per sun=, payable a=urally. SPeeial UP"Vemeat Dlstrivt 0 capon Bond Issued by the 0:,ty #f A%ujVe1, XUtaa&. -tl rl- VM APP, ? amp ' S 1TB R GlC t3I y? GI' TAB„ hC3BT , vti,U pad' to W&M en they. Wig. A&Y of $WUNWY., 19BB, the Sam of &no h died Ph ars'* as a4taorlsell 0y 460ols m Be. 1U as paste e IOU dey st g*," b4r# . 191f, *renting gpooisl JaWreve t e ? 44 tW : W 4P0ARtzft6A*&: of the i*po v4Nwnte and the per tov8e &a rises bF ftS1 ;xeeb]?a*itep? to be BQue ilt sold: ,?,reselatia?c ordinaaaes relating tharetot in ,0ajawwt of the 0ontraet in aceordanee thrreariik. i fhe principal ? d iptbrest of tk* bVn4 are payable ut the 0#109 of the City jW*aqpvW of Laurel. Montana.. this bond bears in erest at t1W rate of wix per cent ( e) per sncnaa from the date of registratlon &4; r*;. aed herein until the data oulled for Dios by the Cityasarer. f?e interest on this bond is ble awwwOly on t* 9t day of Ivry in onou youx t unless . prej%ftt theret .0 s ae oupmesed by the interest coupons to attached, whieh bear the ev4ravea faoulmile slgnaturea of Mayor ant 01 ty 4 rh-w ,s bond is payable from the collee Lion, of a ppeoial ttz 4I int., +rhio is a list as a st the real estate within said vowmat Dfstriese -olle-w-J-41-01 Is Paced Resolution Nof, 1839 as ae in Resolution Noi 174,r paosea and adopted a027 15th, 1919. We bond ie redeemble at the option of the Uity of Laurel, s$ any time tie eri faade to the credit of said Speoial impprove- t DiAtriat yund for the redemption thereety in thO msnnor p* vidood for the rodoW'tion of the same, provi4ed* however, the a of paymant shall not be later than the ma taxi ty d-°.te here in- oeAtainea. IM IS Za= GE:TIFLOD AND F.kIT.:T o that all thiage reaoired be done Preeedent to the 3esavnes of this bend butae been properly R happened and basn performed in time nenner presori?.?ed by the oat the State of UWtana relating to the isonanee thereof, Dated at Leurol, XOntan.a* this --day of - 1 Q i iV O L&U TRL,' ,w iICi ATABA , Uayor. T4 F ?? 4fSf Yr. asa the oho of tke GUY Wreasuzor of La i., Matana, 4M ALayy all r 1 ??.0 City LYeasurer. IWt tke intorest aoapons to be attached to Gael. of k d bonde shad bs 4"Stantially in the fallow -mma "0 © UR0N. on "a let dey of AmQery. 19P. the f reasurer of the o ity A of el, Montana, %4111 pay to the bearer the sum of Six (46.00) .at the offlas of said treasurer sf Lamral, KontaAa* out of faads of epeolal Impruvement DIstriot gm. 41, being the is root than due on ? So. of said Spoeial Improvoment Dj.$ rietS provi&*4, howsver, that if said bond, togethor with the an ed intoreat 'i` wrooa to the lots oalied for its rode tioa, ha* 1 heretofore been, paid radar the ap tioa reserved in said bond, thin ec+apon l 40 Mall and Toid• Mayor, City ?Urk- " gootiom 6* That aaal? of said bonds shall ba signed by the ate. 41ty Clark of ao.id City of &aarel and be ressed with oonorst• seel of aaid Oltfi and sash of said iiutorost ooup+ons than omgrarod fe **Wle eig^aturom of said Mayor and 77 Gi j @3arty ant saU offleese woAmroW sath-oxis:::d and dire9tod tw aSid baade and coupons to bo prey, and to #xeemta the V ` j B for and on behalf 4f said Speofal ImpzoTeom# -diAtri.et 1100 41. isk: with, tho proossdings heretofore. lead in oomMaotion #"stuo of "AA uutru-u .: ' . 00. saw is 4"I, wa& ?:?. ?1?? ?: ??, w?lilt • ?oi? ®f 4 iii.sl °.- 'a f 'Iv &W 44"CAS r tazae pmt¦ hera?aath, whiah Speoial dssess- i O?Xkt ajh&U he LU a m w=t asffiaient to pay tba ibtorest on onid as the Berea bOO004 fla* aaad to dirge the prina ,1 of bon&u at the mw*av*VThereof Seetion 9a Sot ar?ll anoatay derived and areselbod from the tion of said SVOOW dasalsmant sh ,11 be deposited by Was Q ty T ssaenre r to tbs, Ox*4i t of S peo ial Impro vSc=t A' Lai triar t ]No, of said 46tV of vWoj, aaa$ the seas Bhah be paid oat by the ty Tresaurer r .parpose other than in pays mt of tl?e grin- d psi: aa" interoat +ef at AAA bean ue SeBtiva go TUS oVIin W4 shell take eff"t aed be in full from and after thf da ?e of its pwsa,ge amt appro. All and parts of 4rdiu=ees in oonflist or inoonAi.stent with ar or"Amnaae are h ")W repealed& l`asa®d by the Cite O*V=11 and approved by the Mayor this dater of 19 I , Mayor.