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sifSPP •BP *HB M'aXHST PLAIHDKALES, TSOMDAY, DUMB U, 1938 WgmCE OF ELECTION NOTICE IS HEREBY GIVEN on SATURDAY, THE 21st APRIL, 1928, a SPECIAL )N will be held in the City 8NRY, McHENRY COUNTY, fOIS, for the purpose of subto the legal voters of said the question of approving the lowing ordinandi^ ! ?« & if^ AN ORDINANCE ; ORDINANCE providing for the borrowing of money and issuing the bonds of the City of McHenry, McHenry County, Illinois, to the amount of $60,000, and providing for the collection of a direct annual tax for the payment of the principal of and the interest on said bonds. WHEREAS, the City of McHenry, McHenry County, Illinois, has outstanding and unpaid at this time public benefit judgments and other indebtedness not represented by bonds in an amount in excess of sixty thousand dollars ($60,000); and WHEREAS, said indebtedness was incurred by said City for lawful corporate purposes, as authorized by law, and said indebtedness is hereby found and determined to be the legal, binding and subsisting obligations of said City now outstanding and unpaid: and WHEREAS, litigation is contemplated to enforce the City to pay a |>ortion of said indebtedness out of current taxes within a short time; and WHEREAS,, the large amount of Indebtedness which this City owes Is embarrassing the credit of the rCity, and it is for the best interests of fhe City that such indebtedness be paid by the borrowing of money and the issuing of Funding Bonds therefor: and WHEREAS, this City does not have Sufficient funds on hand at this time, to be received in the near future, Sufficient to pay said public benefit Judgments and other indebtedness, ,,and it is necessary to borrow •ixty thousand dollars ($60,000) for Jth&t purpose: - NOW; THEREFORE, BE IT AND •.$T IS HEREBY ORDAINED by the *City Council of the City of McHenry, JtfcHenry County, Illinois: "; Section 1. That there be borrowed 1)y, for and on behalf of the City of 3kIcHe r.ry, McHenry County, Illinois, I *fce sum of sixty thousand dollars j • $ $60,060) for the purpose of paying : the issue of which it forms a part, do outstanding public benefit judgments, exist and have been properly done, •nd other indebtedness, which are j happened and been performed in jalid and subsisting claims and j regular and due form and time as resliabilities against said City, and that^to | quired by law; that the public benefit 1 jucigments and other indebtedness paid simultaneously with the issuance of this bond and the issue of which it forms a part constitute valid existing unpaid claims against said City; that the total indebtedness of said City, including this bond, does not now, and did not at the time of the incurring of the indebtedness hereby funded, exceed any constitutional or statutory limitation; and that provision has been made for the collection of a direct annual tax, in addition to all other taxes, on all of the taxable property in said City sufficient to pay the interest hereon as the same becomes due, and also to pay and discharge the principal hereof at maturity. THIS BOND is subject to registration as to principal in the name of the holder on the books of the City Treasurer of said City, such registration to be evidenced by notation by said Treasurer on the back hereof, and after such registration no transfer hereof, except upon such books and similarly noted hereon, shall be valid, unless the last registration shall have been to bearer. Registration of this bond shall not affect the negotiability of the coupons hereto attached, which shall continue negotiable by delivery merely, notwithstanding registration hereof. IN WITNESS WHEREOF, the said CITY OF McHENRY, by its City Council, has caused its corporate seal to be hereto affixed, and this bond to be signed by the Mayor, countersigned by the City Treasurer and attested by the City Clerk, and the coupons hereto attached to be signed, countersigned and attested by said officers, respectively, .by their respective .facsimile signatures, and said officers do, by the execution hereof, adopt as and for their own respective proper signatures GENERAL CORPORATE BOND KNOW ALL MEN BY THESE PRESENTS: That the City of McHENRY, in the County of McHenry and State of Illinois, hereby acknowledges itself to owe and, for value received, hereby promises to pay to the bearer or, if this bond be registered as to ownership, to the registered holder hereof the sum of ONE THOUSAND DOLLARS ($1,000), on the FIRST DAY OF MAY, 19...., together with interest on said sum from the date hereof until paid at the rate of FOUR AND THREE-QUARTERS per cent (4%%) per annum, payable on the first day of November, 1928, and semi-annually thereafter on the FIRST DAYS OF MAY AND OF NOVEMBER in each year, upon presentation and surrender of the interest coupons hereto attached as they severally become due and payable. Both principal of and interest on this bond are payable in lawful money of the United States of America at the CONTINENTAL NATIONAL BANK AND TRUST COMPANY OF CHICAGO, in the City of Chicago, State of Illinois. For1 the prompt payment of this bond, both principal and"interest as aforesaid, at maturity, and for the levy of taxes sufficient for that purpose, the full faith, credit and resources of said City are hereby irrevocably pledged. THIS BOND is one of an authorized issue of Sixty Thousand Dollars ($60,000), all of the same tenor and effect except as to maturity, and is issued by said City for the purpose of paying public benefit judgments and other indebtedness outstanding against said City of McHenry and unpaid at the date of the issuance hereof, issued pursuant to and under the authority of an Act of the General Assembly of the State of Illinois entitled: "An Act to provide for the incorporation of cities and villages," approved April 10, 1872, and all Acts amendatory thereof and supplementary thereto, and pursuant to and in conformity with an ordinance of said City of McHenry, duly and properly passed by the City Council thereof, approved and published as required by law, and submitted to and approved by a majority of the voters of said City voting at an election duly called and held for that purpose on the twentyfirst day of April, 1928. AND IT IS HEREBY CERTIFIED AND RECITED, -That it appears from the records of said City that all acts, conditions and things required by the constitution and the laws of the State of Illinois to exist or to be done precedent to and in the issuance of this bond and of ATTEST: City cierk, City of McHenry, IllinotB. (Form for Registration of Ownership) This bond may be registered as to principal in the name of the holder or owner and fact of such registration be noted on this bond and on the books of the City Treasurer. After such registration, principal hereof is payable to the registered holder only or to his duly appointed legal representative. Date of 1 Name of | Signature of Registration! Reg.Owher | City Treas. Section 8. That said bonds shall be executed as herein provided as soon after the passage hereof as may be, and thereupon delivered to the purchasers thereof, namely, Seipp, Princell and Company, Chicago, Illinois, upon receipt of the purchase price heretofore agreed upon, the same being not less than the par value of said bonds, the contract for sale thereof heretofore made being hereby ratified the duty of such County Cleric to annually, in and for each of the years 1928 to 1946, inclusive, ascertain tho rate per cent required to produce the aggregate tax hereinbefore provided to be levied for each of said years, respectively, and said Clerk shall ex tend the same for collection upon the tax books in connection with and in addition to the other taxes levied in and for each of said years, respectively, for general corporate purposes of said City, and in each of said years such annual tax shall be extended and collected for said City in like manner as taxes for general corporate purposes for each of said years are extended and collected, and, when collected, such taxes shall be used only for the purposes of paying principal of and interest on said bonds herein authorized when and as same mature, and such funds so received from such tax shall be held apart from the other funds of such City and shall constitute a trust fund for the above purpose. Section 6. That all ordinances, resolutions and orders, or parts thereof, in conflict with the provisions of this ordinance be and the same are hereby repealed. Section 7. That this ordinance shall and confirmed. That simultaneously be in full force and effect immediately with th? delivery of sfti^ J?9Bd? ,§ai4 passage, approval and publiindebtedness proposed to be funded by "" the issuance of the above described bonds be paid and canceled in a like par amount, and certificates evidencing the proper payment and cancela- •fcvidence said loan the negotiable foupon bonds of said City be issued, to i>e designated "General Corporate I4 Bonds"; that said bonds be sixty (60) P#<• In number, numbered one (1) to sixty <60), inclusive; be of the denomination of one thousand dollars ($1,000) each; be dated May 1, 1928, and become due jand payable, in numerical order, $6,000 on May 1st in each of the |y years 1937 to 1948, both years in- Ss*;V eluded; that said bonds bear interest gfc' ifrom the date thereof until paid, at , ithe rate of four and three-quarters PI; ;per cent (i\%) x>er annum, payable '»'• November 1, 1928, and semi-annually |^s.< ' thereafter on the first days of May jjr , jand of November in each year, which ' interest payments, to the date of the v maturity of the principal, shall be ' evidenced by proper interest coupons attached to each bond and maturing ' on the several days herein provided; jLijf jthat both the principal of and the inp v terest on said bonds be payable in fe; . ^Ilawful money of the United States of ;%»• ^America at the Continental National V JBank and Trust Company of Chicago, •• ! in the City of Chicago, State of ' Illinois; that the seal of said City be A affixed to each of said bonds; that said t>onds be signed by the Mayor of said ^ " City, attested by the City Clerk, and v .. tountersigned by the City Treasurer > * thereof; that said officers are hereby fauthorized and directed so to sign, fittest, countersign and execute said t - lionds for and in behalf of said City of f, 'jfefcHenry, McHenry County, Illinois; that the several interest coupons at- ^ tached to each of said bonds be signed, ^ " attested and countersigned by said of- K- • jficials. respectively, by their respective facsimile signatures; that said officials, '^respectively, by the execution of said Tjonds, shall adopt as and for their ;own respective proper signatures their ing upon each of said coupons; and that each of said bonds and interest /-coupons be payable to bearer, pro- -- vided, however, that said bonds shall be subject to registration as to < * principal in the name of the'holder 'y' up<m the books of the Treasurer of £ ^ said City, such registration to be evidenced by notation of said Treas- - urer upon the back of each such bond so registered, and after such regis- , , tration payment of the principal thereof shall be made only to the registered holder or to his duly appointed legal ; • representative. No bond so registered shall be subject to transfer, except , upon such books and similarly noted upon the back of such bonds, unless the last registration thereof shall have been to bearer. Such registration of any bond shall not, however, affect the negotiability of the coupons thereto attached, but such coupons shall appearing upon said coupons, all as of the FIRST DAY OF MAY, 1928. Mayor, City of McHenry, Illinois. COUNTERSIGNED: ATTEST: City Treasurer, City of McHenry, Illinois. City Clerk, City of McHenry, Illinois. (Form of Coupon) No ...... $23.76 ON THE FIRST DAY OF (MAY, (NOVEMBER, 19. • tion of such indebtedness be filed with and made a part of the records of said City, and that the proceeds received from said bonds be used only for the purposes herein provided. Section 4. That for the purpose of providing the funds required to pay the interest on 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 a}l of the taxable property within said City, in each of the years while said bonds or any of them are outstanding, a direct annual tax sufficient 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, a tax sufficient to produce the following sums in the following year?, to-wit: For the year 1928 a tax sufficient to produce the sum of $5,700, being $2,850 to reimburse the General Fund of said City in a like amount advanced to pay the interest maturing November 1, 1928, and May 1, 1929, and $2,850 for interest maturing November 1, 1929, and May 1, 1930; For the year 1929 a tax sufficient to produce the sum of $2,850 for interest; For the year 1930 a tax sufficient to produce the sum of $2,850 for interest; For the year 1931 a tax sufficient to produce the sum of $2,850 for interest; For the year 1932 a tax sufficient to produce the sum of $2,850 for interest; For the year 1933 a tax sufficient to produce the sum of $2,850 for interest; For the year 1934 a tax sufficient to produce the sum of $2,850 for interest; For the year 1935 a tax sufficient to produce the sum of $7,850, being $2,850 for interest and $5,000 for principal; For the year 1936 a tax sufficient to produce the sum of $7,612.50, being $2,612.50 for interest and $5,000 for principal; For the year 1937 a tax sufficient to produce the sum of $7,375, being $2,375 for interest and $5,000 for principal; For the year 1938. a tax sufficient to produce the sum of $7,137.50, being $2,137.50 for interest and $5,000 for principal; For the year 1939 a tax sufficient to produce the sum of $6,900, being $1,900 for interest and $5,000 for principal; For the year 1940 a tax sufficient to produce the sum of $6,662.50, being $1,662.50 for interest and $5,000 for principal; For the year 1941 a tax sufficient to produce the sum of $6,425, being $1,425 for interest and $5,000 for principal; For the year 1942 a tax sufficient to produce the sum of $6,187.50, being $1,187.50 for interest and $5,000 for principal; For the year 1943 a tax sufficient to produce the sum of $5,950, being $950 for interest and $5,000 for principal; For the year 1944 a tax sufficient to produce the sum of $5,712.50, being $712.50 for interest and $5,000 for principal; For the year 1945 a tax sufficient to produce the sum of $5,475, being $475 for interest and $5,000 for principal; • For the year 1946 a tax sufficient to produce the sum of $5,237.50, being $237.50 for interest and $5,000 for principal. That the interest maturing on said bonds November 1, 1928, and May 1, 1929, and the interest and/or the principal coming due at any time when there are insufficient funds on hand to pay the same, be paid promptly when due from current funds on hand in advancement of the collection of taxes, and when said taxes hereby levied shall have been collected, reimburse- Cation, as provided by law. Presented: March 28, 1928. Passed: March 28, 1928. VOTE: Ayes: Aldermen* John Thennes, Herman Kreutzer, Peter Doh$rty, Robert Frisby, R. I. Overton. Nays: None. 1 Absent: Ray Howard. Approved by the Mayor: March 28, 1928. Published March 29, 1928. PETER W. FRETT, Mayor, City of McHenry, Illinois. R. F. CONWAY, Ci^y Clerk, City of McHenry, 111. Recorded: March 28, 1928. R. F. CONWAY, City Clerk, City of McHfcnry, Illinois. COMERS AND GOERS OF A . WEEK IN OUR CITY THE CITY OF McHENRY in the County of McHenry and State | ment shall be made to the said funds of Illinois, will pay to bearer | in the amounts thus advanced. . . TWENTY-THREE & 75/100 DOL-j Section 5. That forthwith upon the continue transferable by delivery; LARS ($23.75), at the CONTINENT- approval of this ordinance by a o tu . * ... , j AL NATIONAL BANK AND TRUST j majority of the voters of said City That each of said bonds,; COMPANY, Chicago, Illinois, for six j voting at an election to be called and C®UP?IJS thereto attached, and • months' interest due that day on its held for that purpose, a certified copy ^rm for registration as to ownership s General Corporate Bond, dated May hereof, which certification shall recite "» substantially the following 11 1028 | No (Form of 9ond) _ Mayor, City of McHenry, Illinois. COUNTERSIGNED: be in forms: NUMBER.. DOLLARS 1000 UNITED STATES OP AMERICA STATE OF ILLINOIS COUNTY OF McHENRY CITY OF McHENRY I City Treasurer, City of McHenry, Illinois. that this said ordinance has been passed by the City Council of said City, approved by the Mayor and published as required by law and approved by a majority of the legal voters of said City voting at an election called for that purpose, shall be filed with the County Clerk of Mc Henry County, Illinois, and it shall be Said election will be held in each of the several voting precincts in said City as heretofore established and designated, and the polling places for the respective voting precincts shall be as follows: Precinct Number 1, including all that territory lying and being situated within the corporate limits of said City, same being the First Ward, bounded on the south by the northern side of John Street, extending from the Fox River westerly to Fourth Street, thence north along the east side of Fourth Street to Main Street, thence alohg the north side of Main Street westerly to Third Street, thence along the east side of Third Street north to Waukegan Road, and thence alone the north side of Waukegan Road westerly to Front Street, thence north to the corporate limits, thence east on Washington Street to the west boundary of Green Street, thence south on Green Street to the north boundary of Elm Street, thence east on Elm Street to the west boundary of Court Street, thence south on Court Street to Boone Creek, thence to the Fox River. Voting place in said precinct will be at the City Hall, situated on Green Street. Precinct Number 2, including all that territory lying and being situated within the corporate limits of said City, same being the Second Ward, bounded on the south by the corporate limits; on the east by Elgin Road, thence north to the south line of John Street, thence west to the west line of Fourth Street, thence north to the south line of Main Street, thence west to the west line of Third Street, thence north on Third Street to the south line of Waukegan Road, thence west on Waukegan Road to the west lot line of Front Street, thence north on Front Street to the corporate limits, thence west on north line of corporate limits to the west line of corporate limits, thence south on west line of corporate limits to the southern line of corporate limits. Voting place in said precinct will be in the basement of the Stoffel Building, situated at the corner of Main and Front Streets. ' Precinct Number 3, including all that territory lying and being situated within the corporate limits of said City, same being the Third Ward, bounded on the south by Boone Creek, thence west to the easterly line of Court Street, thence north on Court Street to the north line of Elm Street, thence west on Elm Street to the easterly line of Green Street, thence north on Green Street to the north line of Washington Street, thence west on Washington Street to corporate limits, thence east on corporate limits to Fox River, thence south on Fox River to Boone Creek. Voting place in said precinct will be in the Engeln Building, situated on Riverside Drive between Elm and Pearl Streets. The polls at said election will be opened at 7 o'clock in the forenoon and will be closed at 5 o'clock in the afternoon. All persons qualified to vote at general municipal elections are entitled to vote on said proposition. By Order of the City Council of the City of McHenry. Dated this 28th day of March, 1928. PETER W. FRETT, ~ ' Mayor, City of McHenrv, Illinois. R. F. CONWAY, City Clerk, City of McHenry, Illinois. As Seen By Plaindealer Reporters and Handed In By Our Friends Dr. and Mrs.' F. J. Aicher were Wau. kegan visitors Sunday. I Mr. and Mrs. John R. Knox were Waukegan visitors Sunday. Mr. and Mrs. Frank Schreiner visited at Waukegan Sunday. A. McPherson of Chicago spent the week-end at McCullum's Lake. Mrs. Catherine Young and family visited relatives at Elgin Sunday. Miss Maud Granger of Chicago spent the week-end at her home here. Miss Mary McAndrews of Chicago spent the week-end at her home here, W. H. Vastine of Chicago spent the week-end at his cottage aiMcCollum's Lake. Mr. and Mrs. Mat Freund and daughter were Waukegan visitors Sunday. Mrs. George Kuhn went to Chicago Wednesday, where she will spend a few days with relatives. Mr. and Mrs. Henry Alberg of Chicago were week-end guests in the home of Mr. and Mrs. Mat Steffes. Mr. and Mirs. Charles Loomis of Chicago were week-end guests in the home of Mr. and Mrs. James Perkins. Mrs. Stanley and M7r. Claes of Chicago visited in the home of Mr. and Mrs. James Perkins over the weekend. Mr. Mrs. Alfred Richardson and little son, Robert, of Spring Grove were recent visitors in the Fred Cooley home. J Charles Owen and Mr. Drake of Chicago were callers in the home of Mr. and Mrs. R. A. Thompson on Sunday. Edward Boyle and Miss Lola Boyle spent the week-end in Chicago, where they visited in the home of their brother, James Boyle, and family. Mrs. John Schuenamann and Mrs. Josephine Heimer, in company with Leo Schuenamann, motored to Dubuque, Iowa, last week where they spent a few days. Mr. and Mrs. James Boyle and family and Mir*. W. H. Vastine of Chicago motored to McHenry and McCollum's lake Sunday. Mrs. J. F. Bell returned to her home at Highland Park Saturday, after spending several weeks in the home of her daughter, Mrs. H. C. Sampson. Mr. and Mrs. H. J. Schaffor son, Stanley, and Robert Martin Waukegan visitors Sunday. H. E. Payne spent the week-end's! Duluth and his children returned to their home in this city with him. Miss Adeline Perkins visited friends in Chicago over the week-end and attended a dance at the LaSaUe hotel. EXPERT WATCH AND JEWELRY REPAIRING Satisfaction Guaranteed 28 Years' Experience Dr. Henry Freuod Jeweler and Optometrist N.W. Cor. Green and Wwi Streets Phone 175 McHenry - f fv * ' - »g v. Louis' Crystal Ballroom rox RIVER Q&OVJS, ILL. Saturday, April 7 ' • V • ' U 8 S O A S D * • 4;, and his 10-PIEGE ORCHESTRA { SNAPPY SINGERS AND ENTERTAINERS for the Opening Night DANCING EVERY SATURDAY NIGHT A Nfew Beautiful Restaurant in Connection. gptfsp. IBP Milk or Cream It makes no difference which you, prefer each day, our truck will be at your home on. time and deliver one or more bottles of pure milk or cream, or both. Just phone today and, we will be there tomorrow morning. t1" We handle doting bnt BowmanV Patftenrfrod and Degreed Products J.SilltH Phone 887-K-J r - Announcement Opening of the McHenry Quality Meat Market in the new Walsh Building, next doer to the A.&?^£tore, Qtmn Street, McHenry, DL We are opening this market to the people of McHenry and vlctnft^i h and our aim will be at all times to serve you with the highest qualitjl meats at prices that will save yon money. FOR OUR GRAND OPENING DAY, Saturday, March 31, vrwill ghre to each and every easterner Come and visit your new mar&et and you will find "A Friendly Market in a Friendly City--Let Us Prove It." . i SPECIMEN BALLOT For a Special Election to be Held at McHenry, Illinois, on Saturday, - - April 21st, 1928 R. F. Conway, City Clerk Place a Cross (X) Opposite the Word Indicating the Way Yon Desire to Vote SMALL PORK LOIN ROAST, per lb FRESH PORK SHOULDER ROAST, per lb BOSTON STYLE BONE-, LESS LEG OF LAMB, [ per lb. -- FRESH SPARE RIBS, per lb - 17ic 14aC FANCY SUGAR-CURED BACON, per lb. ZSlc FANCY SMOKED HAMS, J?er lk_ j--Z Uxv • ^ . V SHANKLESS PICNIC HAMS, per lb. CHOICE TENDER POT ROAST, per lb. ... I7ic _. . bonds of the City of McHenry, McHenry County, Illinois, in the sum of Sixty Thousand Dollars ($60,000) be issued by the City Council of said City for the £.-purpose of paying outstanding public benefit judgments and other indebtedness, >said bonds to bear interest at the rate of 4%% per annum, payable October 1, 1928, and ^#J*®nM"annually thereafter, to mature, in numerical order, $5,000 on April 1 in each of %j:^the years 1937 to 1948, both years included, and a tax be levied to pay principal of and •interest on said bonds, all as provided by an ordinance adopted by the City Council of V . said City on the 13th day of February, 1828, entitled: 'An Ordinance providing for the j;s4^bon-owmg of money and issuing the bonds of the City of McHenry, McHenry County, C* ^Illinois, to the amount of $60,000, and providing for the collection of a direct annual tax » •„ ..^for the payment of the principal of and the interest on said bonds,' and which said ordinance is in words and figures as follows, to-wit": TEI McHENRf QUALITY Phone 256 Louis •CI!