HomeMy WebLinkAboutKIN1921-798 Debenture For The Purpose Of Paying The Floating Debt Of The Townr `?4
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A-Lr' La. 798
io raiv:n thv WT or Fort' one thnl rc•n(t W i.urn t^ thri iaaun of
dnl f 0.!J purl�olrc of rry t,;ta florti[T debt of L}I•r Aowl, of
1 ' :incnrr.inf t,nd for i7tipirv"rrttn to ituron •errrrcrt ;.trl'rt in said io.TS.
' }' "i by 7117 r,Ct .l:
t!' \ 1 P;(1 n!- • Lu:'!r o' r '..
. rnvt r Lin L 1 -1 0
;WsM t:t thin 2 •.•nari n
Alh ItLI 'Inture,l)
, inor,te V,19
1,thel-
flontinF, n" thr• :,rJ '.
'i'c*o+ of a
.''inrr.rr.iJnrt
'• ^n (nr,n%tjirintnd
at the
sttUJ Cr Ti.irly nlf,llt t
rill GOL_!'.i [', •r! rr J
t.r • t ,,
nr! C-, ^;t ^.
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, ,p;u,tn!1 to Ln.*
Will COl•I Li &n to itt:•U,
johr!•U•1'.rr "n•'
• :r
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;r;�M• c:eid
flo:.Llnr.• slrlt :.nri t" f!r,;;.r dmt`f•rJtai:•rtt 1 !f !'tsrth ^r ortr.
of ;3,0cG.uC
to pT+Y for iS tr rt L. t:� turr.n
Y. rni:
70 -M.,av irl
!:a.id t
Azt r•ertioned enri frovi:la'•
i•.. :t ' U,:, Uf1C TJ' L7:r ('r r: Vl L'1 C!Ir C� r.ie' ' i
00 r"It PMes%1Ur.f to
O "ttvin Q- au"ent 0: G.. ^! TG.L'f!rt 1 tC ti'r• jur[i Tl(t Of nny
h } -l:.tr ireted vndev t; nut! nrily cf r: is at ,
it Sa ereTed nv,rvv;v•• ,it.] r n' to r•tity t RUI`1
Of Or ' #4 010UFi'lld d r'.'!:rr Or thi; p I•rarrr ; ry ij 1'•'
^'14y of loan
U;vn cro i.t 1' dvl_vrLLrPr of t1'.• "nr- ".r•'lirr qr t',n " n
n (:i 1 - iLCUr41ne
under tl:e i.r ri r.! c• r rir' rt:stlsar i t",' of ^r -i' ct.
rt.y .r,c thonr�cr! , l:lIl.rc it Lou r<r.ovnC of
the debt ir to lc:
W _14; !. :1ar.i .
r pct •r;nr,l••,l vi' T•r:r: e 01 nilauld
hn rnpaywbin by yn. rlt nu d:]rtn.• thn cvrrn'•c, cr its r vrlod of fifteen
_rrt,.ra OKI Lim Lion - .
ill�i:. •r•�I:. is 1: ir.te: Gr:l M0 tl `r! t is to be
dlrschT. +••cr'.
will rnn•ire thr riuT of V420 to t. r. rna,lyd and
lr..v;et
in ea" y,-,,:r 'iur,r: Li'^ evrr^rc; of
• L! r rrriL' (!rq t ''I ltpe,tinl rate
to or tt _.i•,.ic rr; ide rrc, - of ,.
t..F amid 'own
Vf iis:c(: :air.. (r•C' ,1::_1.
Lot .. 1 .
wl,iel, rul, eJ;: =il h. tu „ia ^tt(. diem";( the POW revere: y!JUrly sump.
(Jf I.:ircffel r'. =r s:Cruk our nr Or
T't��•� I .11, L�:..b r. trCG;tix
r�r l f s .,
.,.a ...:!; to L:.,` ... ci :tl• 1.,- i.f.•.e etc horrirl-
ar LBI' G2 ^Li G,iCi! 1 :� -, p4`i1 :1 r:(1'
dray of Jul
a , and upon 1
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1•rancrt or
i incnrdin(
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A IM vgt1.11RAe the au,ount of the "Ole rateable prnperty of the said
eilality of t;t•e Town of lineardine according to the last revised
arreeaement roll thereof is the sun of 487 2
Al1'7 AW r,1,. ".r.S the s.rour.L or the e)isting debentura debt of the raid {
runicitAliLy it EI:s sur CI' t136,761.09 of which no part of the princi ;al
or Internet is in arrra.rs,and'th.i wuuieiraliLy has also guaruntead th-
lords of the tintaric "oat Shore kailva;; Ter the cum a, g ;0,000.00;
THNRFPOltrl the Munioiyal Cou:.c.l of t wo. Corporation of the Town Of
rinoardine enaotn as follows;
1. It.ehn.11 be lawful for the t..u.yor of L:.e w.J lown 01' hincurdine and
ho is hereby authorized and instructed for Ltc yllposur afcr•jsaid to borr
ti,e atm of Forty one thousand dollare,anu to iaeuo r-Le debentures of
1 tha maid �uniciirrlity or ':orporaticn for that n.count in all= of not long
1 -
thnn Ono haddrac dollars neck. jr,yabie it ti:c mara,er,for t%a ,::,ount rand
at the timing hereinafter more purticularly r ;r.itioned;
2. The said debentures sl:wll have attcred to them coulona for Lite `f1
PAYmPnt of interest at the rata of nix er cent p per anntun.whcch coupons
shall be vii-rind b ti:u .ayor anti Tronauror of said Corporstion and shall;
be irrd• r4yable half ,yearly on the 3C-ta da of Aecen+ber ,nd the 30th
da • a!' lrnA iu haC r ut.3 ovary year duriag t:►.: continuance of thesaid
dell-n! turns .
The Raid Rum of :•4241.•;1 shall bu raiaud in eaua: and ovary year
d:rrin ;; • eurr++.rci of t e paid dubt,wiricL ear ahall be evfficimnt to
{ disahnrne the said Revral yea,lY aumu 0:' ;rirCiDal and half yearly sums
► of intnrnrat a cernin,c du.t us tl.a said aurae r f principal and interest
become r "upeclivoly payAblo ac l.erolt: yruvided,wjk►'cit sure of ,o42 21.47 f?
cl a.11 bn Aruiraed and levied "Ch ysur• by u auffioienL special rate "
therefor on all rci,ent•le prorcrty In Lit ' uniollulity of Lira 7ov of $ '
t
finrnrdlrir, uc0cl:tinr to the iaet revised asneuslaont roll tk;e1 tuf.
4 • Tho oairl inetalmnnLo of l.rir,cipal ahall bo payable on
a day of lure 1n each ynar,and the prAreipal. ar.,l interest paY60kle under }
and upon the derentures incucd candor thi+ -,rw a - ;�11 bx p ;.�ablr at the
lrrncYe or ♦¢rncy of the 4 ercl,arnta Lank o:' ' wikda at L:,s said ':pwn of P
lincardine.
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5, The
yr ;rly :nclul,rrntn of
principal
on the said debentures and
To rope
the anmlal
; a'; rntn of intri-m-A
theroun shall be in each ye „r of said
pmriod of
fifteen folluvs;
tlfHFtl
Isar
Irilloi*inl lntorebt
Total
Kinoardit
1.
S 171.1..47
ti4 ;:.G0
4221.47 r
theroin c
2
1 6;.15
2355,31
4221.47
3.
o 197;'.
�14 2 .'?7
4221 .4 7
1 ' " '
a.
2097.7 .
21 ^_3.53
4; -4)1.47
L:oullmil i
5.
2221 X
1991.65
4221.47
7.25
IF 64.22
x:121.47
debenture
7.
4''f .` ,
1722.79
4221.47
same is it
- 2 ti
1572.Z
42: ?1.47
9.
2
1413.95
4221.47
1
29"':
1245.50
421.47
1066.94
42 «1.47
1
12.
3 ?4.FC
k; % 7.Gj
4221.4%
13.
3544.43
677.C4
4
14.
375'1.
464.37
42 .47
15 .
'oq?.`i?
2 '•. `'
3- 9�
u221.4 7
'.97 Lai a
of Bruae
6. The
said debentures shall
be oigncd b the - ayor of the 'town of
kincardine
end by tho 'ireaturer
thereof and shall have the Corporate
• f0:' *he
aeul of tho said Corpnrat;on affixed
thoreto.
7. 'The
dar;entursm may contain
any provision
for the registration
Nbtlald t
Of Lhm Authorized by lew.
ri . hle �'ylpti sk:&il tfY9 ef1'nut
1'ron
• 73:� tar Li i•irttIll pat;nlllC
the] iatia:
thereof
b ated 9 -A ,91901 at •- incuidins this VU1. dc.,• 0:' :;al;lult, ,..11?1 MaJarci
said 1
(ed l John .JOOU3a11 ( ad) J . r• . +'erk hereon
la erL-
of tn�:
(seal)
1 `J °%-%A
In 0
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