The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Henry County, Illinois, by its City Council, has caused its corporate seal to be hereunto affixed and this bond to be signed by the Mayor of said City and attested by its City Clerk, and the coupons hereto attached .to be signed and attested by said officials, respectively, by their facsimile signatures, and said officials do, by the execution hereof, adopt as and for their own proper signatures their respective facsimile signatures appearing on saia"Xoupons, all as of the first day of December, 1966. City of McHenry By Mayor Attest: City Clerk (SEAL) (Form of Coupon) Number $ On the first day of , 19 , the City of McHenry, McHenry County, Illinois, will pay to bearer Dollars ($ irTlaWful money of the United States of America at Home State Bank in Crystal Lake, Illinois, for interest due that day on its Traffic Control Signal Bond, dated December 1, 1966, Number Mayor Attest: City Clerk (Form for Registration as to Principal) Date of Registration Name of Registered Owner Signature of City Treasurer purposes for each of said years are levied and collected, and when collected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. Section 7. That the funds derived from the taxes herein levied be and the same are hereby appropriated and set aside for the sole and only purpose of paying principal of and interest on said bonds when and as same become due. That the funds derived from the sale of said bonds be and they are hereby appropriated and set aside for the purpose hereinbefore set out. Section 8. That forthwith after this ordinance has become effective as provided by law, the bonds herein authorized shall be executed and delivered to the Treasurer of said City and be by him delivered to Home State Bank, the purchaser thereof, upon receipt of the purchase price therefor, same to be not less than the par value of said bonds, plus accrued interest to date of delivery, contract for the sale of said bonds to said purchaser, heretofore entered into, be and the same is hereby in all respects ratified, approved and confirmed. Section 9. That all ordinances, resolutions and orders, or parts thereof in conflict herewith, be and the same are hereby repealed and this ordinance shall be in full force and effect upon its passage and publication as provided by law. Passed December 5th, 1966. Approved December 5th, 1966. Published December 8th, 1966. Donald P. Doherty Mayor Attest: Earl R. Walsh City Clerk Section 5. 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 all the taxable property within said City, in each year while any of sakl bonds 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, the following direct annual tax, to wit: For the year 1966, a tax sufficient to produce the sum of $7,410.96 for interest and principal up to and including July 1, 1968; For the year 1967, a tax sufficient to produce the sum of $6,256.26 for interest and principal; For the year 1968, a tax s u f f i c i e n t t o p r o d u c e t h e sum of $6,031.26 for interest and principal; For the year 1969, a tax sufficient to produce the sum of $5,806.26 for interest and principal; For the year 1970, a tax sufficient to produce the sum of $5,578.13 for interest and principal; For the year 1971, a tax sufficient to produce the sum of $5,346.88 for interest and principal; For the year 1972, a tax sufficient to produce the sum of $5,115.63 for interest and principal. That interest or 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 said taxes herein levied, and when said taxes shall have been collected reimbursement shall be made to the said funds in the amounts thus advanced. Section 6. That forthwith as soon as this ordinance becomes effective, a copy hereof certified by the Clerk of said City, which certificate shall recite that this ordinance has been passed by the City Council of said City and published, shall be filed with the County Clerk of McHenry County, Illinois, who shall in and for each of the years 1966 to 1972, inclusive, ascertain the rate per cent required-to^produce the aggregate tax hereinbefore provided to be levied in each of said years, respectively, in and by said City for general corporate purposes of said City, and in each of said years such annual tax shall be levied and collected by said City in like manner as taxes for general corporate AN ORDINANCE providing for borrowing money and issuing bonds of the City of McHenry, McHenry County, Illinois, to the amount of $95,000 for the purpose of paying the cost of constructing improvements and extensions to the existing storm sewer system of said City, and providing for the levy and collection of a direct annual tax for the payment of the principal and interest of said bonds. WHEREAS, the City Council of the City of McHenry, McHenry County, Illinois, by an ordinance adopted on September 19, 1966, did call a special election to be held in and for said City of McHenry on October 18, 1966, for the purpose of submitting to the electors of said City the following question: Shall bonds in the amount of $95,000 be issued by the City of McHenry, McHenry County, Illinois, for the purpose of paying the cost of constructing improvements and extensions to the existing storm sewer system of said City, such bonds maturing serially $5,000 on January 1 of each of the years 1970 to 1984, inclusive, and $10,000 on January 1 of each of the years 1985 and 1986, and bearing interest at the rate of not to exceed six per cent (six per cent) per annum? and WHEREAS, the City Council of said City did cause to be given proper notice of said election by publishing notice thereof once on September 22, 1966 in The McHenry Plaindealer, being a newspaper published and of general circulation in said City, not more than thirty days nor less than fifteen days prior to the date of said election, which said notice as so published did specify the places where such election was to be held, the time of opening and closing the polls and the question to be voted upon; and WHEREAS, the City Council of said City, by proper p r o c e e d i n g s a d o p t e d a n d spread upon its records, found that all legal requirements in connection with said election were duly complied with and that a majority of the electors of said City voting at said election on said question above referred to voted in favor thereof: NOW, THEREFORE, Be It Ordained by the City Council of the City of McHenry, McHenry County, Illinois, as follows : Section 1. That it be and it is hereby found and determined that the City Council of the City of McHenry has been authorized by a majority of the electors of said City voting on the question at an election duly called, noticed, held and canvassed for that purpose to issue bonds of said City in the a m o u n t o f $ 9 5 , 0 0 0 f o r t h e purpose of paying the cost of constructing improvements and (extensions to the existing storm sewer system of said City. Section 2. That in order to raise the sum of $95,000 needed for the purpose aforesaid, there be borrowed by , for and on behalf of the City of McHenry, McHenry County, Illinois, the sum of $95,000 and to evidence said loan negotiable coupon bonds of s a i d C i t y b e i s s u e d . S a i d bonds shall be designated "Storm Sewer Bonds," be dated December 1, 1966, be nineteen (19) in number, numbered from 1 to 19, inclusive, be of the denomination of $5,000 each, and mature serially on January 1 of the years and in the amounts and bearing interest as follows : tory thereof and supplementary thereto, and is authorized by a majority of the electors of said City voting upon the question at an election duly called, noticed, held and canvassed for that purpose ip said City, and in compliance with an ordinance duly passed by the City Council of said City, and published in all respects as by law required. It is hereby certified and recited that all acts, conditions and things required by the Constitution and laws of the State of Illinois, to exist Serial Numbers, Principal Year of Rate of Both Inclusive Amount Maturity Interest 1 $5,000 1970 4-1/£% 2 5,000 1971 3 5,000 1972 4-% % 4 5,000 1973 4-%%. ,• 5 5,000 1974 4-%% 6 5,000 1975 4-%% 7 5,000 1976 4-% % 8 5,000 1977 , 4-%% 9 5,000 1078 4-%% 10 5,000 1979 4-%% 11 5,000 1980 4-%% 12 5,000 1981 4-%% 13 5,000 1982 4-%% 14 5,000 1983 4-%% 15 5,000 1984 4- % rA' 16-17 10,000 1985 4 -%V'. 18-19 10,000 1986 4-%% Interest on said bonds shall be payable "on July 1, 1967, and semiannually thereafter on the first days of January and July in each year, which said interest payments to date of maturity of principal shall be evidenced by proper interest coupons attached to each bond and maturing on the dates herein provided, and both principal and interest shall be payable in lawful money of the United States of America at Home State Bank in Crystal Lake, Illinois. The seal of said City shall be affixed to each of said bonds and said bonds shall be signed by the Mayor and be attested by the Clerk of said City, and said coupons shall be signed and attested by said officials, respectively. by their respective facsimile signatures, and said officials, by the execution of said bonds, shall adopt as and for their own proper signatures their respective facsimile signatures appearing on said coupons. Section That the bonds hereby authorized shall be payable to bearer; provided, however, that such bonds may be subject to registration as to principal in the name of the holder on the books of the Treasurer of said City, such registration to be evidenced by notation of said Treasurer upon the back of such bonds so registered. No bond so registered shall be subject to transfer except upon such books and similarly noted on the back thereof unless the last registration shall have been to bearer. Such registration of any of said bonds shall not, however, affect the negotiability of the coupons attached to said bonds, but such coupons shall continue transferable by delivery merely. Section 4. That each of said bonds and the interest coupons to be thereto attached shall be in substantially the following form: (Form of Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS COUNTY OF McHENRY CITY OF McHENRY STORM SEWER BOND Number $5,000 KNOW ALL MEN BY T H E S E P R E S E N T S , t h a t the City of McHenry, McHenry County, Illinois, hereby acknowledges itself to owe, and for value received, promises to pay to bearer, or if this bond be registered, then to the registered holder hereof, the sum of FIVE THOUSAND DOLLARS ($5,000) on the first day of January, 19 , together with interest on said sum from the date hereof until paid at the rate of per cent ( r/f) per annum, payable on July 1, 1967 and semiannually thereafter on the first days of January and July in each year, and until maturity, upon presentation and surrender of the respective interest coupons hereto attached as they severally become due and payable. Both principal and interest are hereby made payable in lawful money of the United Spates of America at Home State Bank in Crystal Lake, Illinois. For the prompt payment of this bond, both principal and interest, as aforesaid, at .maturity, and the levy of taxes sufficient for that purpose, the full faith, credit and resources of said City are hereby irrevocably pledged. This bond is issued by said City for the purpose of paying the cost of constructing improvements and extensions to the existing storm sewer system of said City pursuant to and in all respects in compliance with the Illinois iuunicipal Code," effective July 1, 1961, and all acts amendaor to 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 indebtedness of said City of McHenry, represented by this bond and the issue of which it forms a part, and including all other indebtedness of said City, howsoever evidenced and incurred, does not 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 falls 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, such registration to be evidenced by notation of such 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 hereof shall not affect the negotiability of the coupons hereto attached which shall continue negotiable by delivery merely, notwithstanding registration hereof. IN WITNESS WHEREOF, said City of McHenry, McHenry County, Illinois, by its City Council, has caused its corporate seal to be hereunto affixed and this bond to be signed by the Mayor of said City and attested by its City Clerk, and the coupons hereto attached to be signed and attested by said officials, respectively, by their facsimile signatures, and said officials do, by the execution hereof, adopt as and for their own proper signatures v their respective facsimile signatures appearing on said coupons, all as of the first day of December, 1966. City of McHenry By Mayor Attest: City Clerk (SEAL) (Form of Coupon) Number $ On the first day of , 19 , the City of McHenry, McHenry County, Illinois, will pay to bearer Dollars ($ ) in lawful money of the United States of America at Home State Bank in Crystal Lake, Illinois, for interest due that day on its Storm Sewer Bond, dated December 1, 1966, Number Mayor Attest: City Clerk (Form for Registration as to Principal) Date of Registration Name of Registered Owner Signature of City Treasurer Date of Registration "Name of Registered Owner Signature of City Treasurer Section 5. 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 all the taxable p r e p e r t y w i t h i n s a i d c i t y , in each year while any of said bonds 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, the following direct annual tax, to wit: For the year 1966, a ta?t sufficient to produce the sum of $6,937.00 for interest and principal up to and including July 1, 1968; For the year 1967, a tax sufficient to produce the sum of $4,381.25 for interest and principal; For the year 1968, a tax sufficient to produce the sum of $9,268.76 for interest and principal; For the year 1969, a tax sufficient to produce the sum of $9,043.76 for interest and principal; For the year 1970, a tax sufficient^ to produce the ' sum of $8,815.63 for interest and principal; For the year 1971, a tax sufficient to proddce the sum of $8,584.38 for interest and principal; For the year 1972, a tax s u f f i c i e n t t o p r o d u c e t h e sum of $8,353.13 for interest and principal; For the year 1973, a tax sufficient to produce the sum of $8,121.88 for interest and principal; For the year 1974, a tax sufficient to produce the sum of $7,890.63 for interest and principal; For the year 1975, a tax s u f f i c i e n t t o p r o d u c e t h e sum of $7,659.38 for interest and principal; For the year 1976, a tax sufficient to produce the sum of $7,428.13 for interest and principal; For the year 1977, a tax sufficient to produce the sum of $7,1%.88 for interest and principal; For the year 1978, a tax sufficient to produce the sum of $6,965.63 for interest and principal; For the year 1979, a tax sufficient to produce the sum of $6,734.38 for interest and principal; For the year 1980, a tax sufficient to produce the sum of $6,503.13 for interest and principal; For the year 1981, a tax sufficient to produce the sum of $6,271.88 for interest and principal; For the year 1982, a tax sufficient to produce the sum of $6,040.63 for interesjt> fiind principal; For the year 1983, a tax sufficient to produce the sum of $10,693.75 for interest and principal; For the year 1984, a tax sufficient to produce the sum of $10,231.25 for interest and principal. That interest or 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 said taxes herein levied, and when said taxes shall have been collected reimbursement shall be made to the said funds in the amounts thus advanced. Section 6. That forthwith as soon as this ordinance becomes effective, a copy hereof certified by the Clerk of said City, which certificate shall recite that this ordinance has been passed by the City Council of said City and published, shall be filed with the County Clerk of Mc Henry County, Illinois, who shall in and for each of the years 1966 to 1984, inclusive, ascertain the rate per cent required to produce the aggregate tax hereinbefore provided to be levied in each of said years, respectively, in and by said City for general c o r p o r a t e p u r p o s e s o f s a i d City,, and in each of said years such annual tax shall be levied and collected by said City in like manner as taxes for general corporate purposes for each of said years are levied and collected, and when collected such taxes shall be used solely for the purpose of paying principal and interest upon the bonds herein authorized when same mature. Section 7. That the funds derived from the taxes herein levied be and the same are hereby appropriated and set aside for the sole and only purpose of paying principal of and interest on said bonds when and as same become due. That the funds derived from the sale of said bonds be and they are here- 1u_ y. appiuyi ;i _c ixi tru3 auuJ a-ct aaiuc for the purpose hereinbefore set out. DECEMBER 8, 1966 - MCHENRY PLAINDEALER - PAGE 11, SECTION 3 Twice Told Tales (Forty Years Ago) (Taken from the files of Dec. 9, 1926) The cottage at Emerald Park owned by Arthur Lassard of Chicago caught fire from the explosion of an oil stove and was practically ruined. The frame work is still standing, the whole interior of the house and its contents was burned. George Freund was the victim- of a severe accident while at his work at the Knox Motor Sales garage. He was fixing the furnace fire in the basement when the furnace exploded and he was badly burned bout the face and neck and on his hands. James Marshall of Champaign has purchased the Niesen building on Green street which he expects to remodel into a modern up to date bakery. Emil Geier has rented the building on Green street owned by John Brda where he will conduct a soft drink parlor. Members of the fire department and all those who assisted at the recent fire on Green street were invited to a banquet Tuesday evening at the Bickler hotel given by the business men's association of Green street. Henry Block, 72 years old, died at his home on John Section 8. That forthwith after this ordinance has become effective as provided by law, the bonds herein authorized shall be executed and delivered to the Treasurer of said City and be by him delivered to Home State Bank, the purchaser thereof, upon receipt of the purchase price therefor, same to be not less than the par value of said bonds, plus accrued interest to date of delivery, contract for the sale of said bonds to said purchaser, heretofore entered into, be and the same is hereby in all respects ratified, approved and confirmed. Section 9. That all ordinances, resolutions and orders, or parts thereof, in conflict herewith, be and the same are hereby repealed and this ordinance shall be in full force and effect upon its passage and publication as provided by law. Passed December 5th, 1966. Approved December 5th, 1966. Published December 8th, 1966. Donald P. Doherty Mayor Attest: Earl *R. Walsh City Clerk street, Dec. 8. The McHenry basketball seaport will open Friday eveningQSwth the opposing team coming from Huntley. The McHenry first team squad consists of Earl Conway, captain John Fay, James Fay, Robert Conway, Bern a r d Kinsala, Joe Barbian, Robert Thurwell, Elmer Freund and Byron Hitchens. The second team players are Stanley Geier. Kirk Schroeder, Laverne Harcison, Earl Dowell, Edward Frett, Herman Steffos, E. Smith, Harold Phalin and Jacob Bylsma. (Twenty-Five Years Ago) (Taken from the files of Dec. 4, 1941) An outstanding corn yield of 118.98 bushels per acre has won the corn growing grand championship of Lake county for William Wirtz, who resides near Volo, in the 1941 National DeKalb hybrid corn growing contest. Quite an array of useful and attractive gifts for Christmas have been made by Clarence Smith and are on display at his shop known as "Clarence's Shop" at Johnsburg. Work has begun on a new home to be constructed in the Wattles subdivision at the end of Center street for the Elmer Freund family. Miss Maurie Taylor was called to her home in Cartondale, 111., by the sudden death of her father, Ralph Taylor. A group of five young men who were one time residents of McHenry and have in the last few years drifted to other parts of the country found themselves neighbors in a different state recently and decided to celebrate Thanksgiving together. The young men were David and Leroy Kamholz, Robert Martin, Ralph Bouril and Raymond Howard. Mr. and Mrs. Gus Freund are the parents of a daughter born at the Woodstock hospital, Dec. 2. Ten Years Ago (Taken from the files of Nov. 29, 1956) The ninth annual Kiwanis football banquet was held at the high school cafeteria with a b o u t 3 0 0 a t t e n d i n g . P h i l Schneider of Sunnyside Estates was selected as most valuable to his tfcam during the season just ended. A son, John Francis, was born at Memorial hospital, Woodstock, Nov. 20, to Mr. and Mrs. James Mc Andrews. B.J. CheHni, Jr., of Allen avenue has been elected a director of the Chicago Foundrymen's association at its annual meeting held recently in Chicago. Mr. Chelini is president of Troy Brass and Aluminum Foundry Inc., Chicago. Mr. and Mrs. George Witt will celebrate their golden wedding anniversary Dec. 2. Mrs. Magdalen H. Kartheiser, a summer resident of Emerald Park for forty years, passed away in Chicago last week. At St. John's church. Johnsburg. Nov. 10, Miss Betty Ann Stilling became the bride of Mr. Herbert J. Hurtt of Denver, Colo. The couple will make their home for the present near Chanute Air Force Base wherve he is stationed. Miss Barbara Irene Potter of Channel Crest, Ingleside. was married in a double ring candle light service to Mr. Lloyd Maiden Baldwin of Regner road Nov. 24 at the Community Methodist church by the Rev. J. Elliott Corbett. Appearing in Branch III court, McHenry, last Thursday, LaVerne C. Gustafson of Crystal Lake was fined $20 and $5 costs for driving too fast for conditions. Raymond Jobin of Groat Lakes paid $18 and $5 costs on a speeding charge. For the same offense, Peter M. Smith of 3716 N. St. John avenue, McHenry, was fined $20 and $5 costs. Thorhas W. Ziesk of 2616 W. Emerald court, McHenry, pleaded guilty to not having a valid driver's license after curfew. His fine was $25 and $5 costs. Two trials were held, and in both the persons charged were found guilty. Richard C. Weeks of 3415 W. John street, McHenry, paid $10 and $10 costs for passing on the right. Kenneth J. Thomas of 2610 S. Thomas court, McHenry, received the same fine for negligent driving. LeRoy G., Bedell of Columbia, Mo., was fined $15 and $5 for failure to transfer registration. City of McHENRY NOW has Parking Spaces The "man of the hour" is usually the feller who made every minute count. SERIESE L 0 000 000 000 E Star-Spangled Foundation You can start your new home with Sayings Bonds right now=> and look how easy the Payroll Savings Plan makes it: There is nothing more disappointing than to discover the home of your dreams, only to learn you don't have enough cash for the down payment. Buying Bonds on the Payroll Savings Plan is one way to make certain your dreams come true. You can forget the worry of having money to save after the bills "are paid. The money will be saved, automatically, beforehand. And your savings will build fast. With the new 4.15% interest rate, Series E Bonds give you back $4 for every $3 in just seven years. Bonds give you the good feeling, too, of knowing for sure that your savings are safe. Your $4 for $3 return is guaranteed by the U.S. Government It's important, too, that Bonds help protect your freedom to build your own home. They help keep AMERICA the secure, free land you want for your family--maintain a stable economy and back our men in Viet Nam. There's no better time than right now to start a financial foundation to "build on." Sign up today for the Payroll Savings Plan where you work. * ao YEARS OF J Star-Spangled * * Security * * FOR AMERICANS **/«4l-19** ** * * * * * * * y U. S. Savings Bonds The U.S. Government does not pay for ffci* advertisemen|t. u n t f l T t ) £ 3 ^ ^ 'J It is presented as a public service in cooperation with the Treasury Department and The Advertising Council.