HomeMy WebLinkAboutOrdinance 16- 453, Prescribing Form of Special Improvement Lighting District Bonds
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ORDI.NANCE .N 0 . 453. 11
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AN ORDINANCE PRESCRIBING THE FORM OF SPECIAL II
IMPROVEMENT LIGHTING DISTRICT BOlmS.
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., BE IT ORDAINED BY THE OITX COUNCIL OJ!' THE CITY OF BOZEMAN: II
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" Seotion 1. All special improvement lighting distriot bonde here- Ii
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ii after to be issued. in payment oithe oost and expense of any and all im.... ~;
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prevemente mad.e in any special improvement lighting distriot within said :1
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Oity shall be in the followin g form and language, to~wit: :1
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UNITED STATES OF AMLRICA. ;'i
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STATE OF MONTANA. II
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l>istriot lio,. il
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SPEOIAL IMPROVEMENT LIGHTInG DISTRICT coupon BelW "
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Iesued 'by the City of :Bozeman , Montana. il I
Interest at the Rate of 6 per oent.per Annum, I
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" Payable Annually. i
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'f THE TREASURER Of THE CITY OF BOZEMAN , MOllTUA, WILL PAY J
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'I or bearer, the sum of ONE HUNDRED DOLLARS as authtn-ized by Resolution
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II No. t ss passed on the . da.y of 19
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:j creating Special Improvement Lighting. Distriot No.. for the 'Construo':-"
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I tion of.the improvements, and the work performed as s.uthorizedb1 said I ,~,
resol.ut1on to be done .in said District, and all la.ws, resolutions' and jl I
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;1 ordinanoes r.el..t1ng thereto~ in payment of the contraot i~ a.ooo:r'clanQe"th~e.,J
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'I wi th. The prinoipal and interest of this bond are payable at the offioe' i! ,
Ii of the 01 ty Treasurer of 110..._. Montana. I.,
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This bond bears interest at the rate of eix, per oent (6%) per annum from \1
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the date of registration of ,this bond as expressed herein, until the date "
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II oalled for redemption b;y the$ity Treasurer. The interest on this bond i:
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11 is payable annually on theflrstda.,. of January in eaoh year, unless paid II
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i previous thereto, and as expresseA by the interest eoupons hereto attaohed. - Ii
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i This bon!l is payabie from a fUd, seventy-five 'per oent of which Ii
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. '~. speoial t~ or 'assessment H
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which is a ~ien against the real eati8.t~ wi thin said,..,improvement distriot il
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Ii &8 desori~d in said resolution here1.nbefore referred to and the re- Ii
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l' maining t1tenty-five per oent to be paid into said fund'frolD the Street
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This' bond ia redeemable a'tthe op't,1on o:t: the Ci!-ty of Bozeman at !I
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Ii any t.ime there are funds to the ore41t Qf saldSp~eial Improvement Light- I
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Ii ,,:t~l)istrict j;i1und ~or the _ redemption thereof, and in t~e manner provided Ii
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'i for the redemption' of the same. I
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-- IT IS-HEREBY CERTIFIED AND ~EGJ;:~IJ)'.mha1:f'all things requi~ed to be r
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I _ ,~_~preoedent to the is'U&noe of'tlJ.t. bQndhe,ve been properly. done,
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II .. ;~,i'fhfj.~ened and been performed in theQJ"anller pr8sqr1 bed by the laws of the Ii
11 11i.:te of Montana, and the resolutions and ord1nAnc,s of the Git,y of Ii
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Bozeiasn, Mont'ana, relating to the 1ssuanoethereof.. "
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11 ,I, THI CITY OF BO~
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),) '~. "':latered at the offioe of the 1'__ _freaaurer of loa..,n, llon~ana,
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;1 City Trtaeurer.
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: ~ Seotion 2. .lJ.1 suoh bonde herea.1't'r lssuecl ehallhave attao:g..d
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i' to them interest coupons. one for ..oh Tear'a interest to beoome due , Ii
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II t'he,reon, , which ahall bear either th..orlginal or fac-Simile signatures of
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I i the 1Q.y,or and Ci tT Clerk of s$id ca*,'. and Bu~h COUpOtlS shall be in the,
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i f9i1owing form. to-wit: . I
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llBOIAL IMPROVEllENT ~~IGHTIHG DISTRICT HO. , i
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, On the 1st day of Janu~1, 19 , the City Treasurer of; 1\
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'. Ci ty of Bozeman, Montana, will pay to the bearer at the office of sai.d. Ii
Treasurer the sum of ;Dollars, the annual interest II
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on Bond No. out of Speoial Improvement Lighting Distr~ot, Ho~ jl
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b'und ,",' and' not 2therwise. Th1 B Coupon is subject to all the terms and' I
oondi tiona oontained. in the bond to whioh it is annexed. 1..1.1
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aeetlon 3. All speoial improvement lighting district bonds shall 11
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be signed by the l&a1'or and the OityClerk, who shall affix thereto the .I
Oorporate' Seal of said 01 t;V. il
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Section 4. laid bonds may be of the denomination of one 'hundred lj ,..,.,
ii doll~S, or Inul tiples or fraoti'onal parts thereof, ~s may be deemed wise ana!! I '...
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found oonvenie,nt for the purposes for which suoh bonds are issued,and 11,
they aha~l ~l~r i~terest at the rate of six per oent per annum ~omtia~e!1 .
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of reglstratio~; ,of bonds.)i
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. , Seotion 5,. All special improvement lighting distriot bonds, for 11
!~ the respeati ve distriots against whioh sue are issued, shall be num.red OOtl
! ae"ll1lively. beginning with n1llllber one for each dietriot. and designated 'alt''$,,' ",
f, '/faoe of the bond the resp..ttve dis'triot to' which suoh bond is applicable \
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All bonds in oall for payment ehall be redeemed in the order of their! it.1
registration. . .
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Section- 6. AU ordinances and parts of ordinances in oonnlcti!
herewith, are hereby repealed. 11 I
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II laotion 7. This Ordinanoe shall go into ef:feot and be in full ~ I
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:: for()e thirty days after it.. passage, approval and publioation. ::
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if Passed and approved January 24th, 1916. '
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'; . ohn .i~. Luce,
Ii Attest1 .,or.!
:! C. A. Spieth,
;.....1 oi ty Clerk. '1
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The State of Montana, I
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Gounty of Gallatin", ':.. se. p
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I' Oity of Bozeman, .88:1,d' OO\Ulty andS",ate, de hereby oertify that the I'
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I! above and foregoing is the original. ofh41nanoe No. 46Z of the I:
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\; Qity of Bozeman; that said Or<11nano..as passed by. the tI111iy COUlleil
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of Bozeman, said Oounty and&-..ta.on the 24th day of'January,1916, '... ~
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II Dttdinance Number 453 were posted, on<e eaoh iilthe Yollowing named
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I: Courier Building, Xen.7on...Boble L.bef Company, Oou.rt House, Put
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I) Office, and 81ty all Ball.t1n :a_...~ and. t:Q..at the ssme remained II
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:1 posted for the time required by law tor Buell publioation . :1
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IN WITHEII WHEREOF. I have, hereun~o8et JD7 hanclandaf'fixe' the il
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.1 Seal of the 01 t:v . of Bozeun,. this 27th daJ' o:tJatlll~, A.:D., 1916. Ii
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