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HomeMy WebLinkAboutOrdinance 16- 462, Directs Form of Refunding City Bonds I. I 1 I' ,. ...,..~..~,.~.,.. "--~U. ~ ~ ~ . ~ c:..::> (..;I = C"'O c= .~ ~ C> P "'=' ~ "rd a.;) ~ ~. ~ "','''', .. ORDINANCE NO., 462. AN ORDINANCE DIREOTInG THh FORM OF THE REFUNDING CITY BOlDS OF THE CITY OF BOZEMAN. BE IT ORDAINED BY' THl~ OITY COUNCIL OF T!lli' CITY OF BOZLM.Al~, MOHTANA: Sention 1. That 1iheIlefund1ng City Bonds of the Ci 1;1' of Boseman, State of Kontana~ issued pursuant to a Tote of the taxpayers of the Oity of Bozeman, Kontana; at a speoial eleotion held on the Brd d~ of Apri~, 1916. and in pursuanoe of Or4iuno. 10. 456, di~eotinR the iS8uanoe thereodi:t' passed and 8.doptecl by thec'$t70QUBo11 of 8sid C1 ty on the 7th day of Apri~, 1916, for the purpose of p;po'Ylding funds to PQ' l'ed4emable Gutstanding water works bonds ot,the ,01'7 of Bo.eman, shall be in 8ub- BUntlally the following form, to-wit: ' UNITED STATES OF QERICA STATE OF MOHTANA CITY OF ijOZEMAN .No. $1000.00 r':i~ REFUNDING eIn BOND. DOW ALL MEN BY THESE PRESENTS: That the. 01 ty of Bozeman, a municipal corporation of the state of Montana, for value reoeived, promises~o pay to the bearer on the first day, of July, A.D., 1936, the principal sum of One Thousand Dollars with interest thereon at the rate of five per cent per annum, payable s/i'mi-annually on the first days of January and July , , \ " of each'year, as evidencedbya.tld on the presentation and surrender of the annexed interest coupons a~ they severally become due. Both principal and' intereSj~re..paY~ble in lawful money of the United States of Amerioa, at the office of the City Treasurer in the Oity of Bozeman, Montana, or at the option..of the, holder ,he,reof r at a bank in l~ew York City which may be designated by the said City Treasurer. I' ..' The Cit~ of Boze~an reserves the. right to redeem this bond at any . , time after July 1, A.D., 192'6 upon payment of the principal sum with accrued interest' upon notice published in one newspaper published in said City of Bozeman and mailed to the bank in. New York City, which the \ City Treasurer has designated as the bank at whioh the bonds and interest thereon will :);)e paid, if any suoh bank has been ,so designated, that ,the 01 ty Treasuret;f~ill ,.~,thir~,~" days from the date of such notice redeem .". :,:1 ,:' ,,'\\/i~+':',I" "'.:,:)~t':", this bond; and if at.~~\h~ exp~at1on of thirty days, the holder of this 'J"'"1,~i'~, 462. bond fails or negleots to present the same for payment the interest will I 'J oease, but the City Treasurer will be ready at all times to redeem the same on p~esentation. This bond is one of a series of one hundred of like date" tenor and amount,number~d from one to one hundred, both inclusive, issued in pursuanoe of an Ordinanoe duly and regularly passed by the City Counoil of the City of Bozeman, on the 7th day of April, A.Dw, 1916, and pursuant to the authority of a vote of the taxpayers of the Oity of Boze- man, at a special election held on the 3rd day of April, A.D., 1916; and this bond is issued for the purpose o'f providing funds to pf3.y;"redeemable and outstanding water works bonds of the City of Bozema,n, and in accordance wi th 'and by authority of sub-Division 64 of Section 3259 and Sections I '\ 3454 to 3464, inclusive, of the ReV'ised Codes of Montana., _1907, It is hereby certified and recited that this bQnd is issued in strict compliance with and in conformity to the laws and constitution of the State of Montana', and that all acts, conditions and tl'~ings re- , quired to be done precedent to and in the issuance of this bond have been properly and legally done, had and performed, and the full faith -and' credi t of said City are hereby irrevooably pledged to the p.unotual payment of this bond according to its terms. IN WITNESS WHEREOF, the City of Bozeman, Montana, has caused thi. s bond to be signed by i tsMayor and Oi ty Clerk and 1 i thographic fac-similes of the signatures of its Mayor and City Clerk to be affixed to each ooupon attached to this bond and the oorporate seal of the Oity to be affixed hereto in the City of Bozeman, Montana, the first day of July, A.D.. 19l6. I Attest: Mayor. I City Clerk. Registered in the office of the City Clerk of the City of Bozeman, Montana, this first day of Juli. A.D., 19l61'1. Seotion 2. That the interest ooupons attached to said bonds shall be in substantially the following form, to-wit: I 462. I "No. $25'.00 , . On January 1, A.D., 1917 THE CITY OF BOZP1AN, :U:OHTANA Will pay to bearer, the sum of $25.00 at the office of the City Trea.surer of the City of Bozeman, Montana, or at the option of the holder, ata bank in New York City to be designated by the City Treasurer, being six months interest on its refunding C~ty bond No. due on said date. Attest Mayor. I - City Clerk." Seotion 3. That each of said bonds w5ll have as many of said coupons attaohed thereto, bearing the number of such bond, as there are installments of interest payable on said bond. Seotion 4. That the number of said bonds mentioned in Seotion One of this Ordinanoe shall be one hundred or as many thereof a8 shall be required, eaoh of the denomination ofOne'~housa.nd Dollars. Section 5. That this Ordinance shall take 'ffeot and bein force \1 ~ from and after its passage and ap~roval. Passed this 1st day of June, 19l6. Approved this 1st day of June, 1916. -( Jo1m A. Luoe, lvlayor. Attest: C. A. Spieth Oi ty Clerk. . I The State of Montana, Oounty of Gallatin, City of Bozeman. ) : sa. ) I , I, C. A. Sp1eth.,Ci ty Clerk of the Oi ty of Boze - man, said County and State, do hereby oertifY, that the above and foregoing is the original of Ordinance No. 462 of the City of Bozeman; that said Ordinance was passed by the 01 ty Counoil of Boze'man I said Countr .,and State, on the lst day of June, A.D., 1916" a.ndapprove~ by the .Mayor; that true and oorreot copies of said OrdinanoeNo. 462 were posted, one eaoh in the following named plaoes: Oity Hall, Ellis Brandley & Co., Old COurier BUilding, Bon Ton Bakery, and Oourier BUilding.Bu.lletin Boards,a.nd that the same remained posted'-:(.Qr the time required' by law for suoh publioation. IN WITNESS VlliERBOF, I have hereunto set my hand *84 affixed the a.al of the City of Bozeman, Montana, this 9th day of Jl1ne, A.D., 1916. C. A. Spieth, City Clerk. SEAL.