Whenever the corporate authorities of the city shall provide by ordinance for the issuance of improvement bonds for the purpose of anticipating the collection of special assessments heretofore levied or hereafter to be levied, in pursuance of the provisions of the statutes of the state, such bonds shall be lithographed or steel- engraved on the best quality of heavy bond paper, of a design to be approved by the mayor, and shall be signed by the mayor, either personally or by a person designated by him according to law, and by the president of the board of local improvements, countersigned by the comptroller, and attested by the city clerk.
Coupons shall be attached to such bonds which shall bear the facsimile signature of the comptroller, and shall be in substantially the following form:
Coupon No.________ $________
The City of Chicago, Illinois, promises to pay to bearer at the office of the city treasurer, in said city, on the ________ day of ________ 19________, the sum of ________ dollars, being the annual interest on improvement bond No. ________, series No. ________, dated ________, issued in anticipation of the collection of the ________ deferred installment of special assessment No. ________, named in said bond, said sum to be paid solely out of the said installment when collected.
City Comptroller.
Each bond shall have its amount printed or lithographed across the face thereof in large figures.
(Prior code § 7-53)