Las Vegas free press. (East Las Vegas, N.M.) 1891-1???, 1892-03-19

nishing of the town buildings now under con
1 trnct and in course Of erection I'm said towr
and for no other purpose, therefore:
BE II ordained by the BOARD Of Trustees oi
| 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 value), bearing interest at
the rate of six per cent per nnnum, interest
payable serni-snnually on the first day of Jan.
uary aud the fitst day of July, of each and
every year, commencing the nrst day of Jan.
nary A. ID. 1893, until the full payment OF the
principal OF said bonds be made as provided
for in this ordinance and said bonds to be des-
iguated and known as the town hall compile.
ton bonds.
said bonds to be issued and sold for the pur-
pose of raising money and means with which
to pay for the completion of the town hall
now under construction and the furnishing of
same when completed for the use of said
town
Said bonds to be issued underthis ordinance
to run, mature. and to become absolutely paya-
able in thirty years from the date of the issue
OF same, but redeemable and payable at the
option and will of said town at any time after
their issue upon the tender or payment of the
face value of same or any of said bonds and
the accrued interest to the date of such ten
DER OF payment c9 Paym ni,ed 70 Sd DC made
public notice in any newspaper pub
iished ard circulated i'm said town at any time
after the expiration of said ten years, for
the period of thirty days, calling for the re-
demprion of all or any of SAID bonds, or in
some newspaper at the place where said bonds
are made payable, shall be construed to he
full notice TO the holder or holders of said
bonds of the desire and wish of said town to
redeem the same, and the same shall not draw
interest after such notice and call for re-
dempton by said town.
said bonds to be issued of such denomina-
lions and for such amounts as the purchaser
or purchasers thereof may require or prefer,
but only Ia mult!Tdes of one hundred dollars,
and no hond to be issued for the face or par
value of less than one hundred dollars
Said bonds to he sold by the Town Trustees
OF said towntO the highest biddero bidder for
the entire issue of said bonds or for any portion
thereof after due advertisement in some news
paper published aud circulated in said town
II the intended sale of same, and on sealed
bids TO the Board OF Trustees of said town for
the same or any portion, but no bid to be re-
ceived Or considered, nor shall any of said
bonfls Ue sold for, price less than ninety-tve
cents OF their par value.
The issuing or said bonds and the creating
of said Indebtedness by said town by reason
thereof To he subject to the ratification or re-
lection BY the duuy qualified electors and tax
PAYERS of said town entitled to vote thereon
ut the time OF the aunudF election for town
which election will be held on the
9Th day of April, A. ID. 1892 at which election
those qualified to vote for or against the issu-
ing OF said bonds fort the purposes herein mem
toned, will be given an opportunity ovote
whether or not the SAID bonds shall nc issued
and said debt created by said town; and upon
a majority of such votes cast at said election
upon the question of whether or not said
bonds shall be Issued being in the Affirmative
and in favor of the issuing of said bonds here
i'm provided for, then this ordinance shall take
effect and be in full force, and said bonds be
accordingly issued and sold for the purposes
herein mentioned; but IL the votes chst mt
said election be majority against the issuing
of said bonds, then this ordinance shall be of
no effect and said bonds shall not be issued or
said debt created.
ENACTED this sth day of March, A. d 1892.
j. VI. CUNNNINGHASf, Mayor.
Attest: W. Il. KELLY, Recorder pro TEN.