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HomeMy WebLinkAboutOrdinance - 350-1926 - Providing The Issuance Of 6% Interest Hearing - 08/16/1926OIIT BAJ.L OlV of Lll)&:f'• '1'aa1, .&1IIUt I • 1taa. !lae 01t,r oa.u11oa ot tJl• 01111 ot L1aliltook, taa1, •• o•••.S. b.~ ••111oa 1Jl tu 01V Ball, la 1&14 01Q-, OD ~· J(p • ot AliiUt • .t.. D. 1116, Pn•Dt,- JIIQ'Or, O~lliODen, OBDw,a,:a m •. 1.f£CJ 41 OBDIDIC. It fill GifT COJDaSSlO. 0~ fBI Cllt 0'6 L1111001t, UIAB, lBOVDUG JO.B fiB l$SUAICJ OJ BU.PBB om. (6$) IBQI3f mwum wAI!Afts JOa f.Q PURPOS. or ~­oDJAm VALID otJ'lS!AIJ)ll:fl IIDDtiDIISS or RB Cl!'t 0~ LtJUOOK, tmsa LBnDO I. SUJJIOIDI f.U 'N tt.lt fD IHIIIBSf All) fBOVIDJ.A SlUIJQ JUil) to DriB& Sl.lD w.&lii.AI'is A'l lll'l'UJUft a .AD DBDLAIIJIQ M ..SlBCt. QJIUAB, the Olt7 CO.S.IIiOB ot the 01V ot Lu))oell:, 1--.., laU 4dUid.ll84 ~· S.edia~• uoe•es.v ot 1111Wts JUIDmJ WJBBlHS tor the JRLI'PO•• of ~-o.naia 1'al14 oa.tnaJIIbc Salelte4UH et MS4 os.v, hue11aftft' ..U1oae4, all ot 1alt ta- 4e~eda••• tuol'fias •• 41Q8Q4ltve of OYel' ou 1llia4N4 Dollar• tttoo.oo) k1'iac "• iaau'nl oa ~ oallpftl~l1'8 .. , ... OOIIMII!P1at. sa t1le os.v ..,..I'. 1. Dat nmulta ot aS.cl os.v • to '' aallecl "Ol!f 0~ UJDOCK ~­ WAIBAI!S, URID &. U 1D6", )I 1UU&I. 11114• U4 .,. Yil'h.e Ol •• Oa.nlbtloa 11114 1&n ot the State of lau, fQ til• JIU"PU• ot tva4S.S .. ..-,1 ..,..., ot ia4eMM- u•• et 1&14 os.v, aq u4. 111&1~ 1eae4, ~ aloh 1• a n.Ut, al»•l•tlJIB &114 .. oa.tet.w'• olllle~'lon -..san -.u o~v. the ol,abal tol' Wbiah wen 41Lll' A1141W &114 allowtd. lr the Of.V eoa.1111oa pd.or to tile lll'a&DOe -.weot. u4 •!doll ~ to l»e CIIIAOelel aD4 the e:t14&0II "'ueot ~~~~. aDil tiLe ~~ MH)T .nMrll.t llneci. ,, tiLe Ul4W 01" llo14Atn ill lift tbertot_. tdlla 1&14 Ol'l~ .... ~ Of bd.eMII4a••• are •• ,.llow1, to-wlta • " llak1' • st ... , • " t • "' !I , ... ~ tt • • . J.l«h' • Ia-• * iel~ Ut.Uttr' &alaPV ....... .. • f DStl 8/U/~ i~·- I . .______ 1. Dat aa.U fmldi:na nl'ftolda .W1 •• _...end. C'na o. (1) to tol't7 tift - (4.1), Saolu~"'• uA abal.l lt• sa tu ••--tloa of OM ftOuad Dollan Ctl,ooo.oo) •*• acpeptlJis tU aa of rozv ftTe lhouaa4 :Dollua ltu,ooo.oo). a. !Jaat t1t.fl eau.u 1te «ated. .bplt 11*, ltaa. aDil alaa.ll ·•tu• Ull ,..,.. 4M aDl PQ&ble aeft&l.ll" u tollWI a 1 to 1, tao. ' to 6, 1ac. Y to '• lao. 10 to 12, S.ao. 11 to 11 .. 1ac. 16 to 11, .tJao • ., to 2lt 11lCe . M to •• l.M. • to a?, 1ao. D to 10, 1Jao~ 11 te u, w. H to 86• lAo. '' to 19, w. 410 to ftl; 1Dc. .......... ~. 1 •. .AJI)t:JITS • te.ooo.oo t,ooo.oo a,ooo.oo s,ooo.oo ..ooo.oo a,ooo.oo 1,000.00 a,ooo.oo l,ooo.oo a,ooo.oo s,ooo.OQ a,ooo.oo l,ooo.oo 1,000.00 a,ooo.oo •· Dat MJ4 wal'ftlltl u.llltMI' lateMat at tM "'''of aSZ pu o•1ba t-J ;ver amma tl'Oil tate uttl ;vaid, I'IIIJ&)le...., .,_h, 1•'• aDA .-t..._n,. tu•taf'• •n the 20th 4af' ot ••• .. 'be' aat. •• aotll 4aF of lltf' of eaoh ,..al', whloll isdftelt 1b&ll be e1'lclCCe4 'J' ORpOU a$~ to e&cll Of laid. ftl'blt.tl• Pan ke f.ate"lt llhall '•r lattren at the rate ot al& per ea.fta (d) pu .-ba ~atu.riv tlltil paid.. 6. h'tz~Gtpal lil4 s.at•en ot ••• •ri'IUlta altall M JIIV'A'ble I.D J.&whl IIOMT L ot the U»J.tell Statea ot a.noa 1111oa preaatat1ea u4 I'U'I'ft4W of -.raatla Ol' proper coa.J)Oill at ~· aat1oa1 .l&ilk ot Goaneroe, •• roa Oiv, •• Yoa. Sa14. •nasa ab&U prorl.de that 1a the eYe= ot Aetaul' Ia the papent of p1'1ac1Jal or S.Utenet'• &114 Qe ,._ la placed. ill the _., ot aa •'~omv ftr colleo.tloa. OJ' 1t colleotecl lV nit Ol' 'b7 lepl prooetltDa• ot .,-k1D4, aa &441~1nal uao•' etten pei-Ullha (1~) ea the JJ'iao1Jal aD4 S.Uteren thea 4ue ah&ll be ad4ecl •• attome;r'• t•••• 'Y.J lta8, 'b.T NmDt ot Jl'laoipal &D4 aooiUCl lntenet. t_ called. tor red...,tloa oa eaf.4 tate aoU.oe thveot aball be ct.,. lV' the Olt7 seozoeta17 i '· aau. wunat• lhall 'be •1CU4 lt7 tM J~Vor, caout•nlcu4 -.r tu Olt7 Seueta, allll l-Clail-.4 ),r tiLe Ol'J' tT•RI"ft'• 11M tile leal et tM Otv Mall 'be &•a-.tu7 -r 'be lit~ •• the iateut Ofti*UI• ... __ 1. IU toa of ......_. *11 '' n'b1taatlall, •• toll ... , oar w LUJIODE MDI& wORAII, SBIIJIS I OJ 1ta6. tl,ooo.oo ms Ia to CDII.rr t».t tu os.v ot k'bMok, a -.lotpal o.,_.ts.a 1a tM ooa.-of Lult'-*• &Jill St&te ot tau, aoD.ow1*• S.t•ell Ullleltt.._ to 11114 tozo nt•e . . ""'1"-' henbT , ......... to -,. to ~. U.. Pl"taoil*l ._ el 011 !JIOUSjJJ) JO.LI.lU lt 1,ooo.oo), 1a 1..ta1...., ot the u.ttet nat• ot .a.l'loa, with iateren tUNoa tna tate !&w•f utl.l pa14, a1 the ate~ •a »ft ...... (e$} per MDW, llden .. ..,.altle . .., aotll, 1117, aliA olal-emnaalJI' tl'lll.r-.thr '»a the· aoa 4-.r of •n•• ..a tu a~la. -, . . et _,. ot •• ,._., J&lt 4u lzde•n *-11 Mal' f.atlftn at '!aa Mt ot ek pel' --. . . . t '-') Jll' •-,.._.tviv at11 :paf.f.J 'bnll pl'laolp&l M4 la'tan•• ,...-le at tile •••1-1 a.u •r c-.... , •• Ym Ot.t)-. •• to.a, .,_ pruaV.tloa Ulll ftrnll4v •t . . . . ' •l'l'&d Ol' p"Jil' onptaa .-tile 01v :'"-*• et -.14 G1V 11 hel'tV autllor1ae4, oa•tlll aa4 clu.otlll to J11r to M&nr a't tile ·aal4 -..-. tke Mi4 ._of oae ftou&llll . . nna:a, 1a Ml 1nt1.-of ~· ~ ...... bwo-. nld.aoecl, tz. the "Speol&l hDllJic w..naat ... swu• a ot 1ta6", ot •af4 c1v, ltfied., .......... 11114 ·~'" tw t!a&t p11J'J0ae. 'ID a 1ft 0'1 WIJOGit J"Uu.•• •• OJ't-e& ot •••'• th11 ~ a tb.e 2~ ..,. ot _., lt•a v J&,J'1IW J1'11M11.Jal &1111 aoona la,_...,, allll1 1a oa" .... •Mit. 'e aallel tor n4tllpttoa aotlbe tllenot Hall lle d•• the lwldel' ...,. pa)lloatloa ia Ill BOD IUDll, p)U . .a..t at 6f P•~l st...-• •• tollt 01V, •• t•lk, a' l•n thiJ'V U,• prior to tile tate tSzocl to:r n11111Jtl•, -.4 .. .-.11 •••• to 1t1ar ldven tJOGa a~mw to~ ooU~loa att•l' •tvi-tlaueot .. u nit 11 111.-1 a---. o:r aollen1n ..... 'llr l"Pl pno~s.,., ot ....,. kJ.1a4. aa a441t1-.l. ~ ot t• ,_ • ._ (1-) ea tho pJ'iM1pal &D4 lll.to:ren th• Au llt&J.l lte aU-' u a"ozu.r' • t••. l'IJI DBBAft 11 ... ot a I.S .. Of fOJV fiyo (,6, ........... ~ _, __ ..... IMUU'feq bOa oae ,ll) 110 fonT fl'fO (41), $1t.olliJil'f0 1 Sa ..._.»df.a. Of Qle ftaut .. Doll&n (f l,ooo.oo) -.ob., ......... ~ •• ~ ot ftn7 Jl•• tuuaaa4181~ ( .. a.ooo.oo), l•aed. to:r •• pvpe•• of ,_,,,.,. oaaoel$Jtl allll _ Aa lf.ea of u eq,-.1 .._, of ~M.ebaaa ot u.W. 01 v • a...-otoJ'e 4W fUll. lc&lb' 1•--'• aDil 1$18 1.a a ~114, a11)elat1Da aJIIl JUnr oatn"Ddtac obUcatS.oa APSDit •14 01\r, tilt olaiu to:r aiob .._. ~ .-1te4 aat aU.owM. l7 ~· C1tT Ce.ii110A prlol' to tM 111'UI»4t thenof, au4 to:r *'* a.U. Cl'\'r nM1Ye4 Nl Yalu 1114 oou14411'at1oa Ulll IMtnlV ......,1.._.• I'MOlJ' of .... , f.t -.-..., aoa Ull 11114u- noo4 1ha' thia ~, u nll aa all ..a,!P ~t• ot '"' ••n••• 1• 1•11U4 r.~ 'll• tole pr.rpe•~ u4 Satm ot twaiW .U. eatnu&lJW SU.M41dua• lato ~~ aUUI',,od. u4 s.an.l 1a oODtoaiv wJ.th tho Ooan1ftt1ea A1lll 1an of the sta•• tft'tD• * 1a ~ R~~Mo of o~snuo. ao. ~ffQ , '~ aa& 1..-1~ --~--_, •• Ot.v 04111d•1• ot .U ~1tT ot ~Mbkek, ,._,, aa the /.~ cJ..r et ..._..,A· »• 1116, u4 notic.e& Sa aok $ , .... .fi~;f e1i loq., 9t •• J(lJIU .. ·~ ... o,. o.-s. •• , ... • :DAft ot tW wal'l'aM~ ta ooatoalti,y WS.tll tho orttMu• a'H'ft ••toa•. s.• ..._.., 16th, ltiiJ alllll lt s. • ...,. oenltlel, ~Mite4 &114 "'".-.o., ta.t all ana, ...Utle:u ud ~ uo••t.l7 to lto 4ou P""'--to &114 Sa tho, • .._. ot tJaa•e -.naza.~ b or4• to -*• til• 1.,a1~ -.lU Nl4 'MwtiDC o-.uotl•• ot hl4 our • ._ .. Me dono aD4 pertoaot ..-••• b&Pl*tel ta l"tPlU u4 4uo '*~ toa aal •••r, aa ~ _,. lawt u.t tM Jao14• 01' Jaol,_. •t •sa ~~ or tM ~Ul• ot Dlol\ it l• a puot, *" Ul4 ..U '• ..-,... ... to all tho J:lp\a .-priYll•• .-.-1&14 01_. laa4 aiUl JOI•UM& 1lr tJae M14en •t _. oric~Ml iaMMola•IJ tlaat the et.ltll &Dl Oftti,, aliA &11 of tbo n•oan• ot aat.4 OlV uo ~-lftffoodlJ' p1edp4 tor tho pNDpt pq- MJd ot _tho prbol,al uA illteren ot til"• 'RI'l'Mte at IUitU'lttJ Uat 4ao pi'Ofl•lOD-.... '•~ liMe 10.1' ltlfJ'iJts MAl oolloot~ --liT 1V' tau.tle aa aaaut ..tftolOM t• ,. tho ilnonat oa tho•• -.nun• .. 111 falll tao, u4 to pl"O'ffA• a •'*us tuA tor tM tta1 n4ompt1oa ot 1&14 WNnat• at •tvf.\ra u4 that t!W u-ot ._,.,... ot wblo!l W• 1.11 ... , 'OS-'Il•r nih all en hat bAI~ttldu•• ot au. Oly. ia 'W~tllizl ·-'-" Ulll ot~au Uatt pHIOZ'1b.S. )7 ~ a.nlatlea allll 1.-1 ot tu State of hlall, u4 l!r the oJ.t7 CMn-. et I&U. OlV• D llRJSI WJIIIJI).f t ae 0111' C..S1110zl: ot the 01V ot ~Mot, ..... Jt.u ---the •eal •t 1&14 C1V to ~• ~ Ulbet alit ~ ..-nat t. _. 1lpel llr the ll'lvor aD4 ..-..-~pet,,. the 01• seo"••• •• ot tile ut• U.•t aMY• wltt-. · ifliO:r, ciJi it YfU.\liCi. !iii•. mDISifQIOs dl\7 LOii\Ui • &Uti ot dl1i ,.-...,. ... , Clti of lANii. tiDe. L\1)~ ....... ' ••• -CJI' fD ... »At OF------" tao.oo tlle Oly et LU)Oot, laa1, lt.eHl!r ,..S..tl te pq te '-'"" UMef, at til• lats..al llak ot ce.ao.. •• t•* ctv. ••ntt, tu ... ot asn, DOUu• ttao.oo>, t.a lawhJ. 1l011117 Of the t.JA1tld. N~• •t .tavt.oa, eaU. ._ ~•Sire •Sa *MU' lattftd dlle 'tb&t 41rr oa cxH or LUJIOCE JUIDJIQ YAa.ta, aaua a OJ 1ta6, n. __ • •• ._., 1&tll, 1tl&, ... wldcll QU ...,. 1a ......... u4 u • put tlulnof. d1ii iiudaz't. '1, I! IS IU&ill OBDU .. 'r •lcl 01'9 tllat eaU o~ !UaM.ea..a ll_.bl'Mt'on ..UnM u4 t.eMrl'-4 M U4 'Uae ... l• ll-.lr Sa all .,_.,. ftliAaW aal kelt UA 4~ toM a ..U4, N11M~, lJ*'IIhiS &114 'alllatlafl-' oll1ic&tf.ta -.SDn AU Clt7.-. tile U'-1 ot tll• Cit, ottiotAla in the 1,.,.._. ~a-t an ll..-,. 1a &11 til!Jis• •tlflet .... ooat1JIU4. iO. Jf IS IUJBBi OIDUWD »T fiB Cift OJ l.UJIO(a, !ID.S, tlaat a ll*l.t.al taA, toM t.IICN't ... "IP.l.U. IUIDIJ19 W""A'! JUID, SBilBS I OJ 1•6", -..11M c..-te4 Alii. the prn-. ~ all tax• 1•114, •-•M4 &114 oo1leot14 ter or oa ...... t ot thlt ••1•• ot WUI'Nl~l t!lall 'M on41~e4 •• aai4 hilA to:r the pvpe•• ot 1*11111 the iatlftlt oa u4 JI'OT141»s tu aeo••aal7 •~sac tad hr the ~14-.tloa ot al4 ....,.., at •tv- •tvlt7, • •• of.-•• tM ••• "tov ._.., (~) • .-oil floo.oo ft.lu*tta ot all t&ZUle P"»UV 1a lai4 ctv. ehall 'ie asrmalll' 1ed.e4 011 tai4 p"JQV u4 _.u,. ...... ..., &1111 "11eott4, er •• ..a .... , u llaall b• •o•IIIUT· or t.a .Uttioa ••m• u .., )e ~. atS.l ..U ~· wi\la btentlt tMftoa ••• Mia ta1.lT »aiAJ aDl t1ae 8&14 tu •t to. ••• (4¢) k hut..., lnt.K ttf' •• ovnz* 7-.r, 11114 •• _.. ~-• aa -.n '-•••••ur, M" la la44lt1oa 'thomo u .,. " "tulft4• l• hezoobr l•n• to~ -.h IR\OoMdJ.JW T•r whllo eat.ct ftJ'J'U\11' o~ uv ot tb.em an outnaDISac, u4 \lao .... 1laall •• -.u_, ..... ..,. aal oolleotld M4 aulS . .t to tbe parpo•e ~•· ~J.. a. tNt U&t tAo Otv "--.•doa a-• ll ot Yltal iBtenn to tho cs.v•• «HUt to fU4 1• oatn&DJJs"' UUMMa••• oHa.to• a '••ttato aa4 laptratt~• . uouelt7 tut tho nlt .l'e\UitUlc ofl\SJihOoa to •• 1'-.4 at .. ,. tltau one !lleftiDC tt the 01117 O..ta11a 'io ntJiaCitd., -' •U. nl.o t.• Ml-olily ft1Jea4e4, aD4 thle Oltiunoe 1..U tato ott,_ .a 'io 1D tOl-Oe ,_ ud. an.-tt• _. .... Ia\ appi'O'fal. PAB8D, tb.1• tb.e /~ 4ti" ot ..,_,, A· ». ltl&. ~,OlTiol J;a}Mok, '--• (Olft liAL) /6 -et ....... ,, A. D. lb6. {11~ •• ~