Illinois News Index

Highland Park Press, 18 Nov 1926, p. 23

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c M Mastinas. DpAY,. NOVEMBER ity, and in each of years uhnidcnyhll;,t-nc id years are levied ‘&nd colâ€" e used only for the purpese mds herein authorized when 000.00 INCINERATO FOR Da'npn' Coubrcl â€" o T an SaID bon Purk has h-ngst}m it that the present garbage ition thereto and equipping .'!NC!NR,RA‘POR NT 1 to 8, [ inclusive, of the » fono'ingt;ehdulr' 3 ¢ Date of llivhn; bas............. December 1, 1 L. .. ....December 1| 1928 insâ€"....>....... December 1, 1929 ._......_..... December 1, 1980 Anp....«.... December 1, 1931 is....L....... December 1, 1982 s..,...... December 1, 1933 as........... December>1, 1934 f until paid at the rate ulich munter paymoths to t h interest payments to i the dates vrm;bd‘ s lawtul money of the United Bank, Chicago, Illincis. said bonds, and said bonds "City Clerk, and couâ€" respectively, by their facâ€" d iyr that Darposy. on *‘ % by tl:hwd on e .done précedent to and in .been properly done, f-p. and time as required f this bond, does not exâ€" that provision has Been h.?iot:;:idh‘m m:'e 1m be principal hereof at maâ€" principal; * tss hn oo there are 6 shall 'i?'.:'.;: Y THE CIL OF. THE 4/ ib Nors. j gtorndutehflfi the sum of $8,000.00 for the inerator plant of said> City r the same with modern roupon bonds of said City ERICA o * IOND he executign of said bonds, :u!s.ho 'nflot’éfi ach of the interest s he following forms: * That the City of Highland aekmhfiigibd! to owe hJ its Ma cors do, by the execution their. respective facsrmile be first d#ay â€"of December, the f n_n-mm the present ;t'l::':k!l‘ in:re- !,tgqgnvidnfot.thoiicdi. .'o:di .undallatumm:- 4 nance ‘duly passed d to and approved hy thz i on the inat days "'s,.:' Fale on ‘ une i due l:a-t{l:-. Both ‘made ible ‘in Jawful the funds required to ay '"g:’wh rund to ¢ w'Eu"":;:a *Ko b sc in annual tayxmfieing for levied on all of the taxâ€" ix@s, thefollovium of Highland Park, in the to pay such eosts, and it is that it borrow money and tements: > M s Es .o 6 ris Trust & Savings ,,,wa ':â€"i‘ f this: bond, both. i th, credit, and resources of . Trust & Savings Bank, INCINERATOR PLANT E. BORROWING .OF and orders or parts thereâ€" Papthandionet arin is un of h improvements are in Mayor Mayor. Mayor $1,000.00 18, 1926 6 44 in Eeitrndipentass. / ThPY We cetw â€"»dumpisnes vin Dt Wrcianciibradedvss w dilt c 12 24 BB iA cA s ud ic 2229 *for best interests of the éity that said existing sewers, drains, nni cul be repaired, enlarged, and improved, and that such refdn.; enâ€" largements, and improvements will cost in excess of the sum o Twentyâ€" Five Thousand Dol&rs ($25,000.00) ; ‘and _ ; c m WHEREAS, the City has insufficient funds to pay for such rpgairs and improvements, and it is necessarg for the best interests of the i?'oothat 1t money and issue bonds for said fn in the sum of $25,000.00 ; NOW, THEREFPORE, BE IT ORDAINED BY THE COUGNCIL of THE CITY OF HIGHLAND PARK, LAKE COUNTY, ILLINOIS: ; SECTION 1. That there be borrowed by and for and on behalf of the City o Hoifhlsnd Park, Lake County, Illinois, the sum of $25,000.00 . for the pu .of repairing, enlarging, and improving existing sewers, drains, and ‘culverts in the City of Highland Park. That to evidence said loan, negoti coupon bonds of said City be issued; that said bonds shall be t â€" des ed "SEWER BONDS," shall be twentyâ€"five %25) in number, numâ€" ‘ _ bered 1 to 25, inclusive, of the denomination of $1,000.00 each, shall bear r‘m})eeember 1, 1926, and shall become due and payable in accordâ€" ance with the following schedule: $ 1‘ NTYMBERS f AMOUNT DATE OFPâ€" MATUPRPITY in the Clitfy of Highland Park, pursuant to and in all respects in compliance with an Act entitled, "An Act to provide for the incorporation of Cities and Villages," approved April 10, l.fi and all acts amendatory thereof and supplementary thereto, and an ordinance duly passed by the Mayor and Countil of said City and submitted to and approved by the voters of said City at an election duly called and held for that purpose. And it is hereby certified and recited that it appears from the records of said City that all acts, eonditidu,id things required by the Constiâ€" tution and Laws of the State of Illinois to exist or to be done precendent KNOW ALL MEN BY THESE PRB}SENTS, That the City of Highland Park, im the County of; Lake and State of Illinois, acknowledges itself to owe and for value received hereby promises to pay to bearer, or if this bond be registered, then to the registered holder f, the sum of One Thousand Dolâ€" lars : ($1,000.00) on the first day of mber, 19...., together with interest on said sum from the date hereof until Baid at the rate of four and oneâ€"half (4‘%%} percent per annum, payable sersiâ€"annually on the first days of June and Detember in each year upon presentation and surrender of the interest coupphs hereto attached as they severally become dug and payable. Both principal hereof and interest hereon are hereby made payable in lawful money resources of said City are hereby irrevocably pledged. : This bond is issued by said City for the purpose of paying the cost of repairing, enlarging, and improving existing sewers, drains, and culverts of the United States of America at tbo HARRIS TRUST & SAVINGS BANK, Chicago, IHlinois. And for the prompt payment of this bond, both principal and interest, as aforesaid, at maturity, the full faith, credit, and resources of said City are hereby irrevocably pledged. _ s NVMBERS â€" AMOUNT DATE OF â€"MATURITY .|1 to 5 $5,000.00 . , ~December 1, 1928 , 6 to 10 5,000.00 . December 1, 1929 â€" 11 to 15 5,000.00 December 1, 1930 ~ 16 to 20 5,000.00 | December 1, 1931 : \ B1 to 25 5,000.00 December 1, 1932 t ’bond:ndshall b::ru interest fr:r:i %tl;e date thereof “fll. paid at the r® our oneâ€" cent per annum, paya semiâ€"annuâ€" ally on the first days of .r::e ‘and (Deeembqr in each mr. which interest payments to the date ‘of the maturity of the princi;al_ s be evidenced by proper interest coupon attached to each bond and maturing on the dates herein|provided, and both principal and interest shall. be payable in lawful money | of the mfi"m States of America at the ‘Hairism & Savings Bank, Chicago, IMinois. The seal of said City shall be to each of said bonds, and said. bonds shall be signed by the Mayor and attested by the City Clerk, and said coupons shall be signed and attested l‘ir the Officâ€" ials, respectively, by their facsimile signatures, and said officials shall; by the tion oI said bonds, adopt as for their respective proper signaâ€" tures, respective facsimile signat appearing on said coupons; that said be payable to bearer. } \ * : I ION 2. That each of said* _and each of the interest coupons to be; t o attached shall be in su itially the following forms: : < . (Form of Bond) > W f i } ; UNiTED STATES OF AMERICA | _ » * STATE OF ILLINOIS, fommr OF LAKE® | & _ CITY OF HIGHLAND PARK ue ol ' [ SEWER BONDS NO T Mppmenad 2s cnenisinclt bu t Atcminictacies to0liiadiel $st d mtcaith.cin 4i 2l c WHEREAS, certain existing sewers, drains, and culverts in the City of H and Park are hndcz::tg to take care of the sewage and flow of drai for which they were designed, and certain existing sewers, drains, and culve are broken and are so out of repair that they cannot now serve the & rEoce for which they were installed ; and~ P f _ WHEREAS, the City of Highland Park has found that it is necessary ‘ € x 4 A‘l'l'%s‘l‘: 2 > fiA. WARREN, City Clerk. | F3 Th3 iled October 18th, 1326. 1 , t October 29th, 1926. * Approved October 29th, 1926. ‘ a ; o . An:ORDINANCE _ PROVIDING FOR THE BORROWING OF : MONEY AND THE ISSUING OF $25,000.00 SEWER BONDS SECTION 4. . That all ordinances, resolutions in e.?flict herewith, be and the same are hereby THURSDAY, NOVEMBER is; i1926 1 to 6 to 1 to 6 to oR THE CITY OF HIGHLAND PARK, LAKE COUNTY LLINOIS, AND PROVIDING FOR THE COLLECTION OF \ DIRECT ANNUAL TAX FOR THE PAYMENT OF THE RINCIPAL OF AND INTEREST ON SAID BONDS. is, and orders or parts thereof YÂ¥ r;fealed. a* f SAMUEL M. HASTINGS, 1928 1929 1930 1931 : 1932 paid at the $1,000.00 Mayor. That forthwith upon approval of this ordinance ‘by the voters of said City a copy hereof, tertified by the City Clerk, which certificate shall, reâ€" cite that this ordinance has been passed by the Mayor and Council of said City, published and approved by a majority of> the voters of said City voting at an election called for that purpose, shall be filed with the County Clerk of Lake County, who shall in and for each of the years 1926 to 1931, both years included, ascertain the rate per cent required to produce the aggregate tax hereinbefore provided to ‘be levied for each of ‘said years respectively, and extend the same for collection on the tax books in â€"connection with other taxes levied in each of said years mpecti'vjly, in apd by said City for general corporate purposes of said City and in each of said years, such annual tax shall be levied and collected for said City in like manner as taxes for general purposes for each of said years are levied and collec¢ted, and when collected, such taxes shall be used only for the purpose of paying principgl and interest upon the bonds herein authorâ€" ized when same mature. .. : f tay. s | 18 SECTION 4. That all ordinances, resolutions, and orders or par thereof in conflict herewith b¢ and the same arp hereby repealed.) _ ssm s l at t td t Oe :*" SAMUEBL M HASTL s.{{ 1 t 3 i waen d I * ; ATTEST: For the year 1926, a tax sufficient to produce 4 the sum. of $1,687:.50 for interest and principal;: No aol For ‘the year 1927, a: tax suff t ‘to produce [( the sum of $6,012.50 for interest and principal ; i For: #he year 1928, a tax nu@cient'to produce |â€" |â€"||~.!= . : ~.~. "the sum of $5,787.50 for interest and principal; }] For the. year ‘1929, a tax sufficient to produce _ [z & the suim of $5,562.50 for interest and principal; 1 us , For the year 1980, a tax sufficient to produce â€" _ . : ‘the siuim of $5,237.50 for interest and principal; § Fik For Lho‘ year 1981, a tax sufficient to produce : [3 o _the sum ‘of $5,112.50 for interest and principal; «‘] That interest and principal coming due. at any time when there are insufficient funds t hand to pay the same be paid promptly when due from current funds on hand in advancemept of the ‘collection of taxes, and when said taxes shall have been eollecH reimbursement shall be made ‘to the said funds in the amounts thus advanced. 1 TV eERg . "IVC AACETSBL ‘On sSa1d _Donds promptlÂ¥ when and as the pamb falls due, and to :pay and «discharge the: Slri‘ncijal thereof at: maturity, there be and there is hereby levied upon all the taxable property within said city in each year while any of said bonds are outstanding, a direct 1#!mnl tax sufficient for that purpose, and that ther? be and there is hereby levied on all of the taxable property in said city, in addition to all other taxes, the following direct annual tax, toâ€"wit: 7‘ t se For ‘the year 1926, a tax m'tcient to : produce i4 B the wm Of 31.687.“50 for into t un _ nuinatmials . W SECTION 3. . That for the purpose qt‘; providing to pay the interest on said bonds promptly when and due, and to :pay and dluham thejgrihcipll thereof On the first day of,, Park, in the County of Lake and State Trust & Savings Bank, Chicago, Illinois, "Sewer Bonds," dated December 1st, 1926, ATTEST: IN WITNESS WHEREOF, the said City of Highland Purk".'? by its Mayor and Council, has caused its corporate seal to be lmgto affixed, and this bond to be sighed by its Mayor and attested by its City Clerk, and the coupons hereto attached to be signed and attested by said offi¢gers |reâ€" spectively, by their .respective facsimile -ixutu'ru, and said officers do, ‘by the execution hereof, adopt as and for their proper signatures their teâ€" spective facsimile signatures appearing. on said coupons, all as of the first day of December, 1926. Thoo (f No. ATTEST: to and in the issuance of this bond have existed, and have been properly done, happened, and been performed in regular and due form time as required by law; that the indebtoduest{ of said City, including bond, does ‘not exceed any constitutional or sk}tutory limitation; and that pro; vision has been made for the collection of a direct annual tax, in addition: to all other taxes, on all the taxable property in said City to pay the in terest hereon as the same falls due, and also to pay and dise the principal ‘hereof at. maturity. â€" â€" { f ho d o } 1e® E. A. WARREN, City Clerkâ€" Filed October 18, 1926 _ Passed, October 20th, 1926 _ Approved, October 29th, 19926 *_ THE HIGHLAND PARK PRESS, HIGHLAND PARK City Clerk : City Clerk (Form of Coupon) purpose of providing the funds required 19........... the City of Highland of Illinois, will pay to bearer ..|.....] at the office of fl‘:e] Harris l%r interest due that day on its Phone 307 , ILLINOIS Mayor Mayor The polls of said election will: be open. at md’dock in the andwill continue gpen until five o‘clock in the evening of Mor 13th:day of December, 1926, by order of the Council of the City land Park. * 14 Sout hS\ t £3 NCR d FIFTH PRECINCT shall consist of all the terrifory and a | emâ€" braced within the following boundaries, toâ€"wit: â€"All that port 4 of| the City of Highland Park which liiseeut of the center line (of the Aist. i: sion) of t'ge right of way of the Chicago & Northwestern Rail ,'T‘ j“ pany, south of the centerâ€"line of Central Avenue and north of t : _center line of Beech Street in said City. } f £Cpuert wostey]y 32 (} . , m nno Fark, thence along the center line of westerly to the terminus of said ravine, thence west to the the right of way: (of the east Division). of the Chicago & North giaflwpy Company and north of the center line of Central A ty. K# 2 i 1 FOURTH PRECINCT shall consist of .all the territory :and |areg enmâ€" braced within the following. boundaries, toâ€"wit: All that pe idn of the City of Highland Park which lies east of the eent%liu ¢' ht c way (of the east Division) of the Chicago & North Western F Iway iCOc pany, south of the line drawn as follows, toâ€"wit: \ at> iterâ€" section of the North Corporate Limits of the City of arl ith the water‘s edge at Lake Michigan, thence westerly the Nbrth C porate Limits of said City to the intersection of said N Corpotate (Limâ€" its with the center line of Roslyn Lane, thence southerly along the c : line of Roslyn Lane to the center line of the ravine boundhfi he hort side of Lots 1 and 2 in Block 45 and Lots 8, 9, 10, 11, and 12 Blo¢k 3: in the,City of Highland Park, thence along the center line of 7 h hm virn ohaniies | Be AW s PE ks & 11 ‘ THIRD PRECINCT shall consist of all the territory and rea . emâ€" braced within the followi boundaries,â€" toâ€"wit: All that portin : the: City of. Highland Park w“chliueutoitbemlhocf h ht of way (of the east Division) of the Chicago & North Western R Iway Comâ€" pany and north and west of the line drawn as folbwa‘to wit : | Beginni at tie.intersoction of the North Corporate Limits of City ’E‘: land Park and the center line of Roslyn Lane, thence south llax'flu dentér line of Roslyn Lane to the center line of the ravine bounding north zide of. Lots 1 and 2.in Block 45, and Lots 8, 9, 1o&$1 ;gd 12 in Block}89 in the City of Hightand Park, thence along the center li g said ra m terly to the terminus of ‘said ravine, thence west to the line of | th : it of way (of the East Division) of the Chicago & North i1 Railway: Con;;pa.ny in said Citfi : 4 4 OURTH PRECINCT shall consist of .all the territory :and |arek emâ€" hrncard wikivin â€" +ha €Dn t oo oo 19e m aenh s eAAAE . + ‘ Seven %ncincts of the said Ci!:? have been created and de: n the "Election Districts" or "Precinets as follows: q 1k PA 3O# iravug o thik the Aalice ie Tocngunte, a e e pomm““ f (}q.- n ollowi un es, toâ€"wit: Of th of Highland Park which ri‘m west of the center line of the bf : of the east Division) of The Chicago & North Western ~\Com 3 amf’ ngrthquy of theh’&nux; line of Cen!:r:.lth Avren&: and Deerfield Road in sai ity (except t territory lying no oi north of ~Bection 28,1?. 43 °N. R. 12 E, and W. of the W. lino,ofSecfiou&,“l‘S’ 0.3 > :: _ SECOND PRECINCT shall consist of all the territory rd aréa emâ€" braced within the followi boundaries, toâ€"wit: All that port! _ of the CityoinzhlnM,.Puk,w liuwstdth-mlhed‘__fl way (of the east Division) the Chicago & North Western Iway Con pany <and. southerly> of the ter line of Central Avenue ank Deoe Road in said City, f #: x POEo NE ETY CVE dA20000 ol Roslyn Lane, thence southerly along the center line of the ravine boundh"" f: B‘l’ock" 45Land Lets 8, 9, 10, 11, and 12 c ow 70 Seaespive Nee JvC 1 L2 t , 15 mund 10,; . YÂ¥ .:z?z: on of the right of PAGE FIVE a ravine [ of m4 in} said iB 6 it

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