HomeMy WebLinkAboutOrd 35 02/07/1922
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OBDIIIJICI BO. II
BE IT ORDA1IBD BY THE PUBIDJm! AND BOARD
OJ' !BUS!U8 O:P mR VILLAGE 01' .:>UNT PR08.PKCT:
Seotion 1. That for the purpole of proYi4ing
for a Iup!'ly of water for fire proteotion, and for the ue
of the inhabitants of said Yillage, by the e%8ct10n, con-
Itruction, and maintaining of a sys,em of water works for
l.i4 village, including necessary site, wella, pumps,
reservoirs, and all necelsarf equipment and oonneotions for
the use and operation of the same, there are hereby aU'hori.ed
to be il8ued Eighteen w.ter Bonds of ~iV8 Hundred Dollara,
ft500.00) , each, to be dated APril fir8t, 1922, eaoh bearIng
intere.t eYidenced by coupons at the rate of six (6) per
centum, per annum, payable annually.
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one Thousand Dollars ($1,000.00) in amount of
8aid bonds shall become due on the first day of April , in
eaoh of the years of 1923 to 1931, both inclusive.
8ection 2. The bondl hereby authorized shall be
substantially in the following form:
10.
$500.00
UNITED STATES OF AMERICA, STATE OF
ILLINOIS, VI~LAGE OF MOUNT PROSPECT,
WATD BOND.
KNOW ALL MEN BY THESE PRESENTS, That the Village
of Kount Prospect, in the County of Cook and state of Illinois,
acknowledge. to owe and for value received hereby promises to
pay to bearer Five Hundred DOllars ($500.00), on the first
day of April, 192 ,with interest thereon from the date
hereof at the rate of Six (6) per centum per annum, payable
annueIll, On presentation 8nd surrender of the annexed interest
coupons a8 they severally beoome due. Both prinoipal end
interest of this bond are hereb, made payable in gold ooin of
the unite" States of the present standard of weight and finenesa
at the Mount Prospect Bational Bank, in the Village of Mount
Prospect, Cook County, Illinois.
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Thi8 ~ond i. one of . seri.. of l1k. t.noJ"..~el't
maturity, i..ued for the ,urpo.. of providi~ for a suppll of
water for fire proteotion a~d for the uae of the inhabiteuta
of aaid village. by the erection, oonstruotion, and main'ta1.n1ng
of a system of water works tor sa1cl village, inoluding neoe.aary
~ite, wells, pumps, reservoir8, and all neoesBarl equipment and
oonnections for the uae and operation of the S8me uncleI' the
authority of Chapter 24 of the Revised Statute. of the state of
Illinois, and of an ordinance of the Village of Kount Prospect
duly pas8ed, and is further .lthorized by an e1eotion duly call-
ed and ~e1d.
It 18 hereby oertified and recited that all aota,
conditions and thin~s required to be done precedent to and
in isauing of this bond have been done, happene. and been
performed in regular and due fo~ as required by law, and
the total indebtedness of the Village of Mount prospeot,
ino1uding this bond, does not exoeed the statntory or oonsti-
tutional limitations.
IN WITNESS WHEREOF, the Village of Mount Prospect,
Illinois, has caused this bond to be sealed with its corporate
seal, .igned by its President, attested by its Village alerk,
and haa caused the annexed interest ooupons to be exeouted
with the fao-aimile signature of said offioers this 1st. day
of April, A. D. 1~2a.
President
Atte.t:
VIllage Qlerk
~OUPQI
On the first day of April, l~a ,the Village of
Kount prospeot, Illinois, promises to ~7 to bearer Thirty
Dollar. (lao.OO) in gold coin of the United states at the
Mount Prospect lational Bant in the Village of Mount Proapeat,
Cook Count" Illinois. for interest due that day on its
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",11i J ...1. _-~ ., """"'___~ ... ~. l<i
I Water Bon4 dated. April 1st, 1922.
No,
Pr"lct.n'.
Attest:
Village Clerk,
Section 3, !hat for the purpoee of prov1d1ng for
the pay,ment of the principal and interest on bond. hereb,
authorized 88 they respectively become due, there eha11 be
and there is hereby levied and there shall be oollected .
direot annual tax upon all the taxable property 1n the Vl11age
of .ount lTospeot, 1111n01., sufficient to produce the follow-
ing aUlDe for th~ following years.
For the year 192.2 the SUlD of 1540,00 j
lor the year 1123 the sum of 1480.00 I
C 'or the year 1924 the sum 0 f 1420.00
For the year 1925 the SUlD of 1360.00
'or the year 19!6 the sum of 1300~OO
Jor the year 192'1 the sum of 1240.00
-'0 r tlte year 1928 the sum of 1180.00
'or the year 1929 the sum of 1120,00
",or the year 1930 the sum 0 f 1060.00
And the vl11a~e of Hount Prospect hereb, obligate. itself
annuall, in due tim., manner and season to perform a~d take
all action required by law to carr"out the provisions of
thie section.
section';4, 'he bonde authorized by th'. ordinanoe
shall not be issued unless this ordinance is approved at a
special election which is hereby called to be held on the
Fourte.nth day of March, A. D. 1922, fhe ballot to be ueed
at such eleotion shall be substantially in the following
form:
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pa...' Jebua:r1 7t~, 1922.
Approve' Jebuary 'th, 1938.
Pub118Ae4 Febuarr 8th, 1922 to l.bua" 18~h, 1922.
poat... ... th. follow1ng p1ao.. tow1t:
poa.. ofti.. in Kount PI'O 8j)eot.
01l1oaS' & Jo~t__este~ Ra1lwa, Station at ~unt Pro~.ot.
11111.. I.... & SOD'. Barl.are Store 1n MOunt :ro~.c~,
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