Las Vegas free press. (East Las Vegas, N.M.) 1891-1???, 1892-03-28

nishing of the town buildings now under con-
tract and I'm course of erection in said town
and Tor no other purpose therefore;
BE IL ordained by the Board OF trustees OF
the town of East Las Vegas, New Mexico:
That there be issued bonds of the said town
of East Las Vegas to the amount of ten thou
sand dollars, (par valuel, bearing interest at
the rate of six per cent per annum, interest
payable semi-annually ON the first day of Jam
uary and the first day of July, of each and
every year, commencing the Drst day of jan
unry A. ID. 1898, until the full payment of the
principal OF said bonds be made rs provided
for ia this ordinance and said bonds TO be des-
ignated aud known as the town hall compile
ton bonds.
said bonds to he issued aud sold for the pur-
pose of raising money aud means with which
to pay for the completion of the town hall
now under construction aud the furnishing of
same when completed for the use of said
town
to run, mature, and 70 become absolutely paya-
able in thirty years from the date of the issue
of Same. but redeenabe and payable at the
option aud will of said town at any time after
the expiration OF ten years from the date OF
their issue upon the tender or payment OF the
face value of same or amy OF said bonds and
the accrued interest to the date of such ten
der OF payment. such payment 10 be made
IN the legal tender of the United states, aud
pubic notice IN any newspaper pub
isncd aud circu 'atrd In said town al any time
after the expiration OF said ten years, for
the period Of thirty days. calling Tor the re
dcmptiun OF Hli or any of said ponds or IN
are made payable. shall lie construed To he
fun uotice ~ the holder or holders uf said
bonds Of the desire and wish OF said town 10
redeem tho same, aud tEc same shat not draw
interest after such notice and call Tor re
dciui tiOn by said tUwu.
aid bonds to be issued Of such dcnomina-
tons and for such amounts as tue purchaser
or purchasers thereof may require or prefer,
Nut nniy in multtpea Ot unc hundred dollHrS,
grd no bond 10 ne ISSUED tur the iUce or pur
Va ue ot less than one hundred dollars
81 SAID Gown 10 the itighU ri bidderOr uiddor Tor
ne enti q issue of saiu bOnusor fOranN portion
ihC4Gyi, after due advert Sciuent IN some news
pap T. published and circulated In said town
of the intended sale OF same, and ON scaled
odds to the BUatd OF Trustees of said town Tor
the same Or any portion. but no bid To De re,
ceived or considered, nor shall any of said
bonds he sold for Il price less than ninety-hve
cents uf their par value.
Tue issuing of sad bonds aud the creating
of said Indebtedness by said town by reason
thereof 40 ue subject TO the ratification or re-
lection by the duly qualihed e ectors and tax
payers of said town entitled to vote thereon
II the time of the annual election for town
JfHcers, which election VIII De held on the
those uualibed to vote for or against the issu-
M OF said bonds for the purposes herein men,
tuncd will be given an opportunity TO vote
whether or not the said bonds shall he issued
sud said dcbt created by said town. and upon
4 majority OF such votes cast TT SAID election
uDun the Question OF whether or not SAID
bonds shgi' ne issued being IN the affirmative
Id ia favor %: tLs issuing OF said bonds nero
go prOS ij,t lor, then tins ordinance snhil tukc
.ire,r .ul io u tut force and SAID bonds De
d. ouVfiugiY issued and sold iOr the purposes
rarain mentioned, Int IL the votes cast at
egid election he n majority against the issuing
Oh said bonds then tnl3 ordinance shalt be OF
uu effect and said bonds shall not be Issued or
,,,sc,,a ms Nh day of March. A. D 1892.
- "a. CJSNNrSGHAM. Mayor.
Attest. " -. l4GLLY, becorder. pro TEN.