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5 Dollar - City of Lincoln Park Scrip Wayne County, Michigan
| Uitgever | City of Lincoln Park, Wayne County, Michigan |
|---|---|
| Jaar | 1934 |
| Type | Log in om details te zien |
| Waarde | Log in om details te zien |
| Valuta | Dollar (1785-date) |
| Samenstelling | Log in om details te zien |
| Afmetingen | Log in om details te zien |
| Vorm | Log in om details te zien |
| Drukker | Log in om details te zien |
| Ontwerper(s) | Log in om details te zien |
| Graveur(s) | Log in om details te zien |
| In omloop tot | Log in om details te zien |
| Referentie(s) | Log in om details te zien |
| Beschrijving voorzijde | Issued 15 June 1934, this municipal tax scrip bears the full legal text authorizing its use in lieu of money for delinquent and 1934–35 general city taxes, redeemable on or before 15 November 1934 at 5% per annum interest. The note is drawn on a series totalling $28,000.00 under Michigan Public Acts. Signature lines for City Clerk and Mayor appear at the lower margin. |
|---|---|
| Opschrift voorzijde | Date Issued June 15, 1934 CITY OF LINCOLN PARK SERIES WAYNE COUNTY, MICHIGAN FOR VALUE RECEIVED WILL PAY TO BEARER THE SUM OF FIVE DOLLAR On or before the fifteenth day of November, 1934 with interest on full elapsed months at the rate of (5%) per cent per annum at the office of the treasurer of the city of Lincoln Park in payment, in lieu of money, of delinquent and 1934-35 general City taxes. City ordinance NO. 53 provides that this note shall not be discounted. This note is one of a series totaling $28,000.00 and is issued under authority of act NO. 26 of the public acts act of 1931 of the state of Michigan, as amended by act NO. 46 of the public acts of 1933 and is authorized by council resolution of said city on May 28, 1934. Sufficient collections of 1934-35 city taxes will be set aside in a sinking fund to pay this note when due. This note is callable for payment at the option of the City on ten days notice published in the official newspaper. Interest will cease on date specified for payment in said notice. CITY OF LINCOLN PARK CITY CLERK_____________________ MAYOR________________________ |
| Beschrijving keerzijde | Log in om details te zien |
| Opschrift keerzijde | Log in om details te zien |
| Handtekening(en) | Log in om details te zien |
| Beveiligingstype | Log in om details te zien |
| Beschrijving beveiliging | Log in om details te zien |
| Varianten | Log in om details te zien |
| Opmerkingen |
Depression-era municipal scrip of this type was authorized under Michigan's Emergency Relief Act of 1933, which permitted local governments to issue their own currency-like obligations when tax revenues collapsed and banks restricted credit. Lincoln Park, a small industrial suburb south of Detroit, was among dozens of Wayne County municipalities that turned to scrip to meet payroll and fund basic services — Detroit's catastrophic banking failures in February 1933 hit the surrounding communities with particular force.
Wayne County scrip from 1934 is well documented but not abundant in collector holdings. Lincoln Park issues specifically are among the scarcer municipal pieces from the county.