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HomeMy WebLinkAboutOrdinances - n/a - 07/13/1911 - Issuing BondsJUT ORD IA11CL i,P Ilkjr.;:i i.l; %,B; 'T 'G�71.7 der 1J Lt11, A�,i?rJP3T u�I' I111'i� T'r. )1::�rL'll (inn) T�n j/1 � nTT� n 'N ,7T,,, r�;, ,T„r v� U 11.J _1Jl.i �J i-.1L SPCI •.I' COIL CT OF �: `l'?'iX T`, i� !Y THT, ITTT_PnrF c" 1' T__. n�,01,I �_T,T , 71 71 1�;'i?'CIT'P_T n -ELF ' 1.`' TBl IDT idII; B0.1D iF TRUk'T;�I OF I?II�I.Gl, That for the-nurpooe of proviJin- fund.' for tlzo con- struction and erecti.or_ of � `,�i.11.�: ro ;..'.all in the Vi 1.?.,ir7e rf I:c'Tcnr>y, Ca �_,t.yT of ..-c'.ier_ry u,r_J St .t,e or I11iTin i_s, t' P,rc; shy, on 1 l.� � c� bcrr;� t� �e credit of so.i:? villc,..;o thn s�zm of I'?ne T'_:,oT.as!.Yid (OU�.) Dollars n' to cvid -rce such ? o n th or<: s.:i-.1_1 bo o,nc'. is her^oy ordered and cl.irectec- to Lac i sued t.c zzcrcoti ^.blo cozz1. bond^ of Gic? vi ll, -;e to said co znt.. J &_:11 bonds shall be deui nr.t.cl. as rlunic:ipa.+. bo;idU of 1011; .:h^.lI (DS) in number, nu: bcred from o 2 (1) to eivjteen (1S) inc?.,�-ive �.n(, of the dcno-iin­ti.-_)n of Five Frurcl__ced (500) 1))11aro 0 Sept -The 1 , 1911, end .'�^11 ',-c -� =-,o d,io end ay ,� 1 4- ' Bonds 110. 1 a I I d 0 on Judy 1, 191.3. Bonds ITo. 3 _�.nd �t. on J,i j Tj 191 Bo71ds io. 5 and :I on July 130nc?s Tio. % J1 ly 79 1r)ln ronc's Ito. and10 on Ju'_y 3�'1"j. Bonds T'o. I1 �7nd 12 on July 1 11)1.3, Eon La 11: n. 7.2 and can Ju1_.y ; I 19 9 n ndr T;o. 15 - c' l�, nn Jul ;T 1., �C Uonds i-o. ► 1 C. ' r on jllI.�T 1, 19`?1 r raid bond; sh.,.11- honr 11nte_rest, from ^nd ;?fte.r thoi.r, J- fe - U the r .te of five (Ci) pr:r cant pnr annurn� p . - .bl.e :'cI':i.-�.r_nu<�11�r on t'z ."ir. st clay of J„nu .ry Lnc JuIT, of each yc;L- r, .-hi ch .ntorrtit T),.Tm•onts h I ae ev'.denced by Proper coupons 2.ttcched io ei.�ci. bend , Y d both the principal rind :interest shall be pay,_,ble in the !,�- .Cvj rgorloy of Uni-ted States of Pi1e1-ica at r the Q office of the treasurer of said villarre. r� A0 Ll 2 CE1 CT the ? rt.Cr(,,7 COU , O2?S +,??eroto att,�!ched shall be in subs tan tial" y E.i?e .fol�.0, ins farrls resnectivel:y, to „it: TIT', qq. _. . U;-.1Trlj n,, r - '7.'7 � 1 �7-iLF 'OF "."C HENRY 9 UPICIPE, iiGl�iliS OF 1911. Cr'LTj,,,;,,r T, T' TQ .500 001 r_nc, , i. r_Ier, by th ese :T x l .ne o� ! rCcTonrj, ft.nrc in the T i o4' f ._.�nr�� a.Amow! e?r°e t -_f to o.; s i_ „rr .'LC rCCC7.VLd herei;0 na,zT tl?e ���e,' + �? t- 1 ,. G� .,l i? E' U LL.G i e Hre,C1 Dollars on the first c« ai JUT ?c� L 1' - T -., .�? ogether ;Zit1-i Lilo �nt,("!,cst '-1,or^on 011 said sure from the d' to thereof until paid, at file ra c, of r i ve r; ?? r cent Per annuna payable semi-an}:uall Vs 1 y n i�ie 1r �� o.L Ja_nvf)_ry and July in each year upon _)resentation and surrender of the Jon cour. ons hereto att.3.chec? as. they ,- eve rally become due, both .PrJ,?cip1-1 ?n l inter,,,".t i a;ya11)1c F(-,l morel ^ +,r � 1 -,' o �_�� Jn1te� St titer of tileric at t<< ofy"ce =r t•?'iu treasury of � i } �Ti 1l ar,•� i.i1v ��07 r.'1G �;'0I1'�t 't�.��'IIIent of 1 � , c, �a._1 d vs'}t? irlt8r' St CuOreS1c, '2 t rQB,tl ?"tjT the full fa�t�l� Ci'eCiit >ncT. i't?v.:; 1rG8 of sa __d village a_-c h.-reby -Irrevocably plOd7l'd. s boncl r_?wy be redeemed by t:?e Village of of jr, !? .. T or' ny nteiGSt )' TT? nfJ T�('?'� i1Gre a ' E L ;�•s- t, �� o J i'� '� l,r.ng notic,, of i.rZteS� �io��. to rodeer, said bond shall be )ub nF 'C;-);, ram? y � ,j •tt ..�� i d� .7Or j�nj C4i Ctjl_ lit on published at least thirty (" , days -prior to s ai_ d. in of the principal and ?,ccrued interest to Thin b,cme is issued fund_- for the car_st-,uction and er ccardance with tho provisions' her�rTT Pl.a,_ndea,le n age 01. " c e»r 7, for �eriodp and the payment ption. Purpose of providing in said vil- a.7e in by its Jiillc.ge 3 board and in all respect: is u-� c:�m�,li 3r.c_ �ith th" r1 o-risi lr_�, of ar act or the General 11.ssembiy of the StatE, o,' l'."L o s, ontitloC `'I.rl act tc Provide for the Incorporation o'' Cities and U�1i�:�;:;s�" approved �.pr iU, 187u, - a� l arts ,�..0 Iaaa�or� hez eof or L pplc .c._.l 1 . _. ,., it i T� ? C1f !a T' I�lYlr�T� i �.1 PI �Y ^�<.:. iS _ er 0b ccrt i -I'io(I and 1'QC te2 tll .t -.l ° �',Cf � co. C�'1' _ �.!, l .,S � ,11U ° I'e u y lair :..nd the Cons+,itutinr_ of the Ste.te of iliii` oi— to l"e ;crone --r"CeJe-,�t to and r t':,c i ssue of +.his bond hLav ..'3een properly done, IiLappcnecl an - been performed in regular and ,i-Lie form and 'I. -ire, 's rEaouirE=.d i; fr _,.. i;I1at the, total irriebtedness Q said vi ll arfe� inclii� in�r 01is bonCt.1 ooeS not eLceeC,. mv Or s t,tt?tnrt' L1I,1L t2i l'�n ^11:. }11.^� nrovisi �n hag;. leer' 'lac icr the c0?..C'ct1Qn o C. ClI" i n ^ t � ' E, i'; or, to � I1 7?.�1�,=' t_ x-s 0`i wll f r a CC an -nu �.�. i t Q. IQ 0 the '., ax l.ble p-ope--oty ir, said vil lago sufl"i, na r the interest '-:e'rcon L o :same accrues and to liquidate t?lo prince pal hereof at Y1 'tui'it jF, iri Te,tiraony .;I781'�Qf tho. said Vi l la o of _"olloni',y�n '';, -it I .,e u0ard II^.S C!ti^CC- 3'L',s cor or,,,, e a 1 tU b0 h e r o t o af:ILixc.,d ni 'ijr is„ n LC �38 r slgnv-d by Its 1 res dent ^x d attest-ed by. itu Village Clerk this ors c a.a,r of SeptoY.I-)er, D. 1911. ATl -," L. S TT 11 Villrar. E C'lerk • On..«-..�.�. ......�..���.« Tiresider.t., r,T r =enry 1n the County of mid S!-,.-+c- T-11:i_Yir;)j T,7^.? � ra Yr tQ t,l�r be�reT' ? ale sun, Ci T',e've 412) Dol.li:.rs and I.'ifts '50) Lents in ia-,ful mr.,n(,j' of '.lic T. it`d States of AneriCC,. at tho Office of the t1'easurer of s ld v lia''e for soli-- axn.u-Ll interest �.ue th ^.t date E'r: :,.,; ci?i�.? bcndn o 1CJ_1 d. ' ,� r ' ,bar .� 3 .i�©� nLC1_.. 11 11011. P10 ATTEST: President. i ale er 0 ,ection ". That saiu u ends and interest coupons shall. be ,�iga2ed by the President and attestod by the signature of the Mork of sail- vill�.re erd the carrorate seal of said village shall be afPi-od to each of ^aid ands, but not to the interest bourons, and such officers are hereby authorised and directed to exccute said bonds and coupons for anct:`in behalf of said village. Said bonds shall be sole by the finance cormittee of the vi3.11-ge bo�.rd and the' , roceeds derived frog. their sale shall be place,'. in the village treasury in a special fund to be used solely for the purpose for which said bonds recited they are being issued. Section 4. That for the purpose of providing the fund required to poet the intorest on said bonds promptly when and as the same accrues Land to 1i,^uidate the principal thereof at their maturity there is horeby levied on all of the taxable property in ^aid village, in addition to 1.11 other taxes the f ollouing direct annual taxi to -wit: - For the ,year 1912 a tax sufficient to produce the sun of W0%00` for interest. For the year 1912 a tax sufficient to produce the sur: of �U450.00, being '3450 far interest and $1000 for principal. For the .year 1914 a tax sufficient to produco the sur. of 514.00.00, being $400 for interest and $1000 for princip^l. For the ,year 1915 a tax sufficient to produce the sur. of 11350.003, being 250 for interoct and �1000 for principal. For the ,year 1916 a tax sufficient to produce the sum of , bei.nr� $30C for interest and $1000 for principal. For the ,year 1"17 tav sufficient to produce the suar of 13125"%0111 being 250 for interest and $1000 for principal. For the ,ye^.r 1918 a tax :sufficient to produce the sun F,f "11WO.00, boing $200 for interest and $1000 for principal. r Z_ All For the year 1919 a tax sufficient to p.roJuce the sum of '"1150.00, being $150 for interest and >1000 .for ppincipa:l. For the year 1920 a tax sufficir .nt to produce the sum of 6)1100.00, being `UOO for interest aril `'1000 for principal. For the year 1921 a tax sufficient to nroduce the sum of 01050.00, b,,ina `350 :ior interest and a1000 for ?principal. And a certified copy of this ordinance is hereby ordered filed with the County Clerk of .icHenry County, Illinois, who shall in each of said ,years from 1912 to 1921, both inclusive, ascertain the rate per centum to produce the aggregate tax hereinabove levied for such year and extend the same for collection upon the tax roll of said village in connection with the taxes levied for general village purposes in such ,year, and such annual tax shall be collected by the said officer -A the same time and in the same manner in each of said years as the taxes of the village for general_ purposes for such year are collected, and z.;hen collected shall be used solely for the ?,purpose of paying the interest and principal of the bonds hereby authorized i7hen and as the same mature. Section 5. Thaj this ordinance shall be in full force and effect from _nd after its passage and Approval by a majority of the legal voters of the Village of 1,rleHenry voting at a special election to be ca led hereafter. APPROVED President. ATTEST Village Clerk. p "'"D APPROVED q0