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~ lO6 Street Improvement Bonds. . . street improvement bonds," to bear date Oct. ISt, A. D. 1889, and to be payable on the first day of Oct., 1929, at some bank in the city of New York, and to bear interest from date at the rate of five per centum per annum, payable semi-annually on the tenth days of January and July of each year, as per coupons to be at- tached thereto, and the mayor and the s~cretary of the city are hereby directed to have said bonds lithographed and to sign and countersign the same with the impress of the seal of the city attached. SEC. 2. That said bonds shall specify for what purpose they are issued, and when so issued shall be registered with the comp- troller of the state. and shall be sold for not less than par, and when ~old the proceeds shall be used for the purpose of opening and improving the streets, avenues, and alleys of thecity in such manner as may be ordered by the city council; that the right shall be re- served to payoff any and' all of the series of bonds at any time after the expiration of twenty years from the date of said bonds by calling in the bonds by consecutive numbers, beginning with number one, after giving sixty days written notice of such call at the bank in the city of New York where payment is to be made and also after publishing notice thereof in some well known financial journal, published in the city of New York for ten consecutive days prior to such call, and after depositing the money therefor with the bank designated in such notice. SEC. 3. That there is hereby levied an annual advalorem tax of one-tenth of one per centum on all taxable property, real and personal, situated in the city of Paris and subject to taxation for the purpose ~f paying the interest upon said bonds and creat- ing a sinking fund of not less than two per centum to redeem the same. SEC. 4. This ordinance to take effect and be in force from . and after its passage. Adopted Sept. 23, 1889, approved Sept. 24, I889' Attest, M. J. HATHAWAY, Mayor. JOHN HARVEY, City Sec. i , \ ,....c.:--..-- , ..-- ---- .} - r- I l,