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Myers <br /> <br /> See~ion 2. That 8ueh note in the mnou~ of 0uo Bundred Thmmand Dollars <br />($100f000e00), ~ll he issued bearing interest at the ra~e of 8 per eent~ per annum, <br /> <br /> mature em o~ be£~-e aiXmoa~ fi-om date of no~ee <br /> <br /> Suah note a~all be p~oparod by ~he MA. OOt~M~ o~ Lear and enom~ed by ~e Mayo~ and <br />Director o~Xmnoe and boer the SeLl of tho eo~porat~a and shall express wpam its <br /> <br />e~ept any pr~alua az~ ~oormed lntersa~ +.hereon (m~l tnoun~ +~reof neoeaatr7 for <br />~po~t of in~ers.~ prior +.o ~he ma%~Ti~ of Slid note) sho~l bo paid ~o %he pi~opor <br />rand ~nd used fo~ %~_e purposes li'orelaid ~ £0~ no o~her <br /> <br /> SaSE note shall be ~he full gSnersl obligt~ion Of t~O ¢i~ of IAbwo0~ and tho f~l: <br />~aA~ orsdit etal l~a~e8 of oaid ei~y &re hereby pledged for *.ho pro~ paymer~ Of <br />~o SamOe <br /> <br /> Section $, That ~ia ordinance ia hereby declared to be tn energenoy ~eas~rs <br />for ~ho reasons o~ated in ~he preamble hereof aad ~hall take effect and be in force <br />immediately upon it8 adoption and &ppreFal~ i~ov~dod it ~eeoives ~e affirma%ive vote <br />Of t~o-'ch~rd8 Of a~l members elected ~o the Oot~cil~ otherwise~ ~£ adopted, it shall <br />take el'feet e~l be in force at ~he earliest time allo~ed by law. <br /> <br />This ordinance shall be posted aeoording ~o law, <br /> <br />Adopted, ... June 20, 1952 <br /> <br />MorrisH. Phillips <br /> <br /> Pre$idon~ <br /> <br />A. I. Eauffma~ <br /> <br />H, A, Roes <br /> ' ......... ' '" ..... c2.Cr]c ' <br /> <br /> <br />