Highland Park Public Library Local Newspapers Site

Highland Park Press, 23 Feb 1928, p. 14

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a To of _ rge -. i w xn hi ie n e none SE Th ore Be ns inprermnaa es denomination $1,000 each, shall be dated March 15, 1928 and shall become due and payâ€" uble in numerical order as follows: $5,000 on December i in each of the years 18942 and 1948; $10,000 on December 1 in each of the years 1944 to 1946 inclusive; and $15,000 -Ml,lm,w-hm:-tmnuduâ€"rmw‘:mu&%) wmhfll.XMudtâ€"an&mu first days of 3:-..; in each year, which interest payments to the date of the maturity of the principa! shall be evidence by proper interest coupons attuched to each bond and maturing on the dates herein provided, and both principal and interest shall be payable LECTION OF A DIRECT ANNUAL TaX FOR THE PAYMENT ___ ©ECTION 2. That each of said und cach of the _ OFâ€"THE PRINCIPAL OF AND INTEREST ON SAlD BONDS. attached shall be in substantisily Torm : mumdwmm.wuâ€"h-‘b of tion and area in the past few yeurs, and an incresse is expected in the next _____ _ _ WuTeb S or "*"WHEREAS, mtimaing have been made met of a hew Ohy Hel veild *-l‘-b:‘v- of the of a site and ing, and it has been thet same will cost substantially in excess of Fiftyâ€"Five wu-(“)-min&-(fivdâ€"-fihw-‘dâ€"tuh=- same, and that it is for the interests of the City that.4t borrow Fiftyâ€"Five Dollnrs ($5§,000) for the mforesaid and frsue its bonds therefor. m'm%mnnmmmnmmm- @11 OP ‘THE CITY OF RIGHLAND PARK, LAKE COUNTY, ILLINOI: _ _ _ _ in lawful money of the United States of America at the Continental National Bunk and Trust Company of Chicago, Chicago, lilinois. ‘The seal of said City shall be affized 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 by said officials respectively, by their facsimile signatures, and said officials shall, by the execution of said bonds, adopt ms and for their respective signatures their respective fmcsimile signatures appesring subject to registration as to principal in the name of the bolder on the books of the City Treasurer, such registration to be evidenced by notation of wuch Treasurer upon the back of bonds so registered, and after registration no bonds shall be subject to transfer --':.3@ wuch haoumd similarly moted on the back thereof unless the last registraâ€" ?- have been to rer. Registration of any bonds shall not affect the negotimbility the coupons thereto attuched which shall continue transferable by delivery. SECTION ?. That each of said bonds and each of the interest coupons to be thereto mttached shall be in substantially the Ml-n? form : (Form Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTY OF LAKE CITY OF HIGHLAND PARK KNOW ALL MEN BY THESE PRESENTS, That the City of Highland Park, in the | County of Lake and State of lllinois, acknowledges itself to owe, and for Talue receivet hereby promises (o pay to bearer, or if this bond be registered then to the registered holde~ . hereof, the sum of One Thousang Dollars ($1,000) on the first day of December, 19 ... , | together with interest on said sum from the date hereof until paid at the rate of four and threeâ€"fourths per cent (4%%) per annum, payable December 1, 1928 and semiâ€"annually ; thereafter on the first duys of June and December in each year upon presentatio® fnd | surrender of the interest coupons hereto attached as they severally become due and payâ€" | able. Both principal hereof and interest hereon are bereby made paymble in lawful money | of the United States of America at the Continental National Bank and Trust Company | of Chicago, Chicago, Illinois, and for the prompt payment of this bond, both principal and interest as aforesaid, a% maturity, the full faith, credit and resources of said Clty] Are berely inevesbly pledghy _ " 4* 4 s This bond is issued by said City for the mrpele/ procuring a new City Hall site| ATTEST:___________. and building a new City Hall, pursuant to and in all"respects in compliance with an Act | City Clerk # entitled, "An Act to provide for the incorporation of Cities and Villages," approved April | SECTION 3. That for the purpose of providing the funds required to pay the interest 10, 1872, and all acts amendatory thereof and supplementary thereto, and an ordinance| on said bonds promptiy when and as the same falls due, and to pay and discharge the duly passed by the City Council of said City approved und published as required by law | principal thereof at maturity, there be and there is bereby levied upon all the taxable and submitted to and approved by the voters of said City at an election dulyuued-ndfmv_nhinnndmrneni!-r-iflnanroluub-tmww.ndifl« held for that purpose. | anmual tax sufficient for that purpose, and that there be and there is bereby levied on all __ _ And it is bereby certified and recited that it appears from the records of said City | of the taxable property in said City, in mddition to all other taxes, the following direct that all acts, conditions and things required by the Constitution and Laws of the State of Illinois to exist or tb be done precedent to and in the issuance of this bond have existed and have been properly done, happened and been performed in regular and due form and time as required . by law; that the indebtednesss of said City, including this bond and the issue of which it forms a part does mot exceed any constitutional or statutory limiâ€" tation; and that provision bas been made for the collection of a direct annual tax, in addition to all other taxes, on all the texable property in said City suffcient to pay the interest hereon as the same falls due, and mlso to pay and discharge the principal hereot This bond is subject to registration as to principal in the name of the holder on the books of the City Treasurer, such resistration to be evidenced by notation of such Treasâ€" urer, and after registration no transfer bereof, shall be made except upon such books and simâ€" flarly noted hereon, unless the last registration shall have been to bearer. Registration hereof shall not affect the negotiability of the coupons hereto attached which shall continue transferable by delivery. _ _ = IN WITNESS WHEREOF, the said City of Highland Park, by its City Council, has | â€"dhmummhmmd.mmiwmu-mwiuu.m-nd‘ attested by its City Clerk, and the coupons hereto attmched to be signed and attested by said ‘e-n respectively, by their respective fmesimile signatures, and said officers do, by ‘ the execution hereof, adopt as and for their proper signatures their respective facsimile signatures appearjng on said coupons, all as of the fifteenth day of March, 1928. ATTEST property within said City in each year while any of said bonds are outstanding, a direct annual tax suffcient for that purpose, and that there be and there is hereby levied on all of the taxable property in said City, in addition to all other taxes, the following direct annusl tax sufficient to produce the respective amounts in the following years, collectible in the next respective succeeding years as set out below: > For the year 1928 a tax sufficient to produce the sum of $4463.04 to pay interest maturing to and including December 1, 1929: For the year 1929 a tax sufficient to produce the sum of $261250 for interest; For the year 1930 a tax sufficient ta produce the sum of $261250 for interest: For the year 1931 a tax sufficient to produce the sum of $2612.50 for interest; For the year 1932 a tax sufficient to produce the sum of $2612.50 for interest: On the first day of ..___.._..____..___. 19..__. the City of Highland Park, in the County of Lake and State of lllinois, will pay to bearer . _.__._._____._._____. Dollars (&..â€"._...._...._â€".__..__} at the office of the Continentsl National Bank and Trust Comâ€" pany of Chicago, Chicago, lilinois, for interest due that day on its "City ,Hall Bond," dated March 15, 1928, No..__..________._.. en said bonds promptly when and as the same falls due, and to pay and discharge the principal thereof at maturity, there be and there is hereby levied upon all the taxable o n se e n e e en umcertain the rate per cent required to produce the sgyregate tax hereinbefore provided toâ€" be levied for cach of said years respectively and extend the sum for collection on the :hfih:â€"‘-vfl-‘.hâ€"h:lh-‘d.:flhl-n"-“.h.fi said City weneral corporate purposes sadd City each said wach â€"I-Mhbflflmkfl&hhâ€"--â€"r:â€"d whc‘d-‘lm-hflâ€"‘“-‘mm-‘-â€" be held in a special fund which is hereby designated "City Hall Bond Fund" and “hzflhhmd“hwd-flw--fl_ herein when same niature. SECTION 4. That the funds realizsed from the sale of said bouds shall be used only 6. That said bonds, when this ordinance shall have been by the <f said City, shal} be executed by the officiaif ‘und delivered to the of the rhhlfi“â€"flbfimd-flu-&umh“ _ SECTION 6. That all ordinances and parts of ordinances in conflict herewith be and the same are hereby repealed. SRECTION 3. That for the purpose of providingâ€"the funds required to pay the interest Date of Registration AN ORDINANCE PROVIDING FOR THR ISSUANCE OF ONE ® DEED THOUSAND DOLLARS (1i66,000) LIBRARY SITE BONDS Eu‘normu(:"x.uhw‘eoum'mma ggn_mrumm‘muwmm the present City Hall facilities of said City are inadequate for the needs _t&!:‘mmhhcat.:“dmwfln City City Clerk (Form of Coupon) Name of Registered Owner to bemrer, provided, however, same shall be ereafter on the first days of | ordinance duly passed by the City Couneil of said Ci to the date of the maturity | by law, and submitted to and approved by the vot s attmched to each bond and| called and held for that purpose. and interest shall be payable And it is hereby certified and recited that it a ontinental National Bank and | that all acts, conditions and things required by the said City shall be affized to| of Illinois to exist or to be done precedent to un rlnwndau-ldh&-‘.n(mhnb-mbmm by said officials respectively, | form and time as required by lnw; that the execution of said bonds, adopt ) issae of which it forms a part does not exoeed any resimile signatures appesring ; and that provision has been made for the collectior vided. however. same sholl bel o all other taxes, on all the tnxable property in s Signature of Treasurer $1,000.00 | and that provision has been made for the collection of a direct annual tax, in addition H..nmu-.u.nmmro in said City sufficient to pay the interest | i as the same falls due, and to pay and discharge the principal bereof at '_â€"â€"'-s& and interest as aforesaid at maturity, said are herehy irrevocably w. _ ‘This bond is insued by said for the purt fiub‘hhlflmfl.mduflh‘.nfifitr nm-uh-uuwmumh-nmhut an Act entitled "An Act to for the incorporation of Cities and " approven April 10, 187%, and all acts smendatery thercof and supplementary thereto, and an ordinance duly passed by the City Couneil of said City approved snd published as required by law, and submitted to and approved by the voters of said City at an election dely called and held for that purpose. And it is hereby certified and recited that it appears from the records of suld City that all acts, conditions and things required by the Constitu‘‘sa and Laws of the State dmhnhuhhhwbu-dmmmdfiuw Tok ing tiee t raained o e : than uie inrmmesneee uf makd city. aciadins We hengue form and time as required by law ; that the e of said City, including this bond and the books of the City Tressurer, such registration to be evidenced by notation of such Treasurer, upon the back bereof, and after registration no transfer hereof, shall be made except upon such books and similarly moted hereon, unless the last registration shall bave been to bearer. Registration bereof shall not affect the negotimbility of the coupons bereto attuched which shall continue transferable by delivery. q IN WITNESS WHEREOF, the said City of Highland Park, by its City Council, has caused its corporate seal to be hereto affized, and this bond t be signed by its Mayor and attested by its City Clerk, and the coupons hereto aitached to be signed and attested by said officers respectively, by their respective facsimile signatures, and said officers do, by the execution bereof, adopt as and for their proper signatures their respective fac. simile signatures appearing on said coupons, ail ss of the fifteenth day of March, 1928. ATTEST County of Lake and State of lilinois, will ; ($_.______________.}) at the office of the Cor March 15, 1928, No annual tax sufficient to produce the several amounts in the following years, collectible in ;hcinuirupntu tive succeeding year as set out below: _ _ _ _ _ _ . _ _ For the year 1928 a tax sufficient to produce the sum of $8114.56 to pay interest it is for the best interests of the City that it borrow ‘Twents CoUunCIL OF THE E = wrm coun . SECTION 1. That there be borrowed by and for and on Highland Park, Lake Conuty, Miincis, the sum of for the purpese of paying the cost of procuring Dollars ($25,000) ; that the City does not have sufficient funds to This bond is subject to registration as to principa} in the name of the holder on the KNOW ALL WEX SÂ¥ aty of Lake and State r, ntmbered 1 to 25 inclusive, denominati aduhhâ€"-fl&hl hlh‘d:ymt?!hmlhd =.â€"*.:fihtzu='lâ€"â€"l mts to the date of the maturity of the princk for the purposts aforesaid and issue its bonds Irppiyâ€"Five Thousansd Dollars State of lllinois, will pay to bemrer __.._ ... .__ Dollars ) at the office of the Continental National Bank and Trost Company Illinoia, for interest due that day on its "Library Bond" dated City Je ancsimeé o. yA g! BE IT AND ItT is HE OF HIGHLAND PARK, 1 here be borrowed by and H‘.l“-?.‘hâ€"dfi procuring & nd supplies for the wabde , 19.__, the City of Highland Park, in the On the first 0E .sn GommG i thie 2o Tuts of Hhacis AYTTEST: said bonds when and as the same fall due, and to pay and discharge the uu”fihm&n“mw“*m-fi ~b-fln-flhwd-flhâ€"tu~m.~t1u for that purpose, and that there be and there is bereby levied on all of % xtz in said City, in addition to all other taxes, the following direct amnua} tex se and interest; That interest and principal coming due at any time when there are insufficient funds on hand to pay the same be paid promptiy when doe from current funds on hand in advancement of the collection of taxes. and when said tuxes shail bave been collected, reimbursement shall be made to the said funds in the amounts thus advanced.~ mmrwuu-flâ€"uumnâ€"-aucm,.m hereof, certified City Clerk which certificate shall recite thet this ordinance has been filed, passed hot{-:-lcluflfin.-.nfihfilmuuw as required by law, and has upproved by a majority of the voters of said City voting atu“-.“hmrâ€"MhMmhMChtuuhcâ€"z who shall in and for cach the years 1926 to 1940, both years included, ascertain nhnm_“.w*-h.muhw“bw for each of said years respectively and extend the sum for on the tax books im conmection with other taxes levied in each of the said years respectively, in and by suid Chkm\mm‘fl%u‘h-‘d-flmun-fln shall be und collected for said "im like manner as taxes for general Tor cath o2 aie youes ooo tovied "aud aottnimed. ond "aine selhone out ow hk o ble coupon bonds of said City be lndbed that said bonds shall be designated "Street H“flumhâ€"u.â€"huuxu.mm_toghg&- mwuumm:guuuâ€"â€"oâ€"m“ numerieal order as : $10,000 on December 1 in ench of the years 1983 to 1947 inclusive, bear interest at. the rate of four and threeâ€"fourths per cent (4%%) pet snnum, payable “Ll&flmm-fiahfllâ€"um in each year, : interest payments to the date of the maturity of the mrincinal shall in each . which interest payments to the date of the maturity of the principal shail hwfihfl”*“b“rdmnh uufldmuswmmmm ‘h%u The seal of said City whall be affized to sack of said bonds, and said bonds be signed by the Mayor and stteated by the Clerk, and sait -.â€"“h-rfl“lh-fl“m their facsimile signateres, and offecials shall. by the execution of adopt as and for uwwuwwmm--« <oupons : that said h.flb.l.-.rv&(h“.â€"nfllh to resistration as to principal in the name the holder on the books of the hâ€"-r,uflmtnhnuhmdflhâ€"h backs of bonds vo registered, and after regintration mo bonds shall be subject to transfer S snn e e o e t t P Emt wpon such bocks and similarly noted on the buck thereof uniess the last regisâ€" zd-lhm‘â€"h_-. Regintration of any bonds shall not affect the --&na:--â€"o-:.w-n.u-:&:mnu-; SECTION That each suid bonds and each interest to thereto attached shall be ‘in soiutentially the following form : tempons of hi Tond. . hoth pel and intersst as eforemald st maturity, the full faith, credit mt 3 AS 4n3 _ _ Aagaingralne Fursannt Ao o4 in 20 retects io complents vite on Adt cttniel‘ gt, Pithient Park Cunnly U Th 1B Sicts of Hikacis SRCTION 3. That for the purpose of providing the kxow '”E"fl"‘â€"n‘wvflmzrdr: Park. in the fl:*r_hh-.-..h -._...'.':l._...._"'“.zl o_ "ete Eiate of Hllincis, ucknowledges itecif to c und for value reccived r'-‘--:‘-bl.c.uluhlb-:a.-ht-“:': w.â€"uoâ€"nâ€"un--m-u“udu-. Tore *nA yA Lxâ€"A.2â€"AÂ¥ J :-&-*-fifitlrhn.l.-â€"l'h.‘n.. M--l-_dfih-;-““l-h.mz a o" ukss "momgy «t on Unind etm of "Anorice "2t the Couthientt! Hariondt and Trak Compenr "of Chiege Cbhegs Tomew "aet ao Coomeoial Hatitnsl STATES OP A smm P diheg‘ * J (Porm of Hond) the City of Highland Park, in the the City of Mighland Park, in the to pay the interest on for interest; for interest; for interest ; for itmerest; for interest ; for interest ; for interest ; for principal for principal principal

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