Las Vegas free press. (East Las Vegas, N.M.) 1891-1???, 1892-04-02

nishing OF the town buildings now under con-
1 tract and in course OF erection in said town
and Tor no other purpose. therefore;
Dc IL ordained by the Board of Trustees OF
the town OF East Las Vegas, New Mexico:
That there bc issued bonds of the said town
of East l.as 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-annuaiy ON the first day of Jan
iiary aud the first day of July. of each and
every year, commencing the first day of jan
uary 4. ID. lSg3, until the full payment OF the
principal of said bonds be made rs provided
for In THIS ordinance and said bonds to be des-
lgnated and known as the town hall compile
iiOn bonds.
said bonds to be issued aud sold for the pur-
pose of raising money aud means with which
tn 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 undert this 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 ut the
option and will of said town at any time after
their issue upon the tender or payment of the
lace value OF same OF amy of said bonds and
the accrued interest TO the date of such ten
der OF pay ment. Such payment to be made
III tue cga tender OF the United States, and
pubic notice I'm any newspaper pub
isiicd ana cIrUd uttd In said town AT any time
after the expiration OF SAID ten years, for
4 he pcliud OF thlty days, calling for the re-
a mption OF ali Or any Of sald bonds, or in |
are made payable, shall be construed to be |
luii notice 10 the holder or holders of said !
bonds uf the desire and wish of SAID town to |
redeem the same. aud the same shall not draw |
interest after such notice aud call for re- |
dem tion by said town.
aid bouds TO he issued of such denOmina- !
fi"ns and for such amounts as tue purchaser
~ pui chdscrs thereof may require or prefer,
''ut only in multipes Of one hundred dollars, |
I'D no bond to he issued for the face or par /
va ue at less than one hUndrt dollars
bands trustees
Il sad town to the highest bidderOr bidde Tor
he cnife issue of said bOndsOt for any portion
hereof, after due advert sement IN some news
pap published aud circulated IN aid town
d the intended sale OF same, aud ON sealed
bids to the Board Ut Trustees Of said town for
he same or any portion, but no bid to be re-
;eivvd or considered, nor shalt any OF said
5Unds be sold for, price less than nincty-tlVe ;
.ents of their par value.
rhe Issuing of sad bonds ard the creating
" said Indebtedness by said town 10y reason /
hereof TO tie subject To the rntihcation or re- /
lection by the duly quulined ectOrs ana TAX
layers of said town entitled to vote thereon /
Il the time of the annual election Tor town /
ficeIs, which election will be held on the
J; h day of April, A ID 1882, at which election
hose quail ed to vote for or against the issu-
ng OF said bonds fOrthe purposes herein mem
toned, will be given Hn opportunity TO vote ,
Yhethcr or not the snid bonds shalt he issued
majority of such votes cast AT said election
lpIn the question of whether or not said +
bonds shall be issued being IN the affirmative
md An favor o. the issuing OF SAID bonds mere
u provided for, thea this ordinances shall tuke
feet and be In full force, and said bonds be
issued and sold iOr thc purposes
eren mentioned; but If the VOTES cast at
aid eecIiun be majority against the issuing
ii said bonds, then this ordinance shall be or
~ effect and said bonds shall not be issued or
did debt crest d.
Enacted this sth day of March. A. ID 1892.
j NJ IUNNNINGHAM, Mayor.
Attest: W. Al KELLY. hecOrdor pro TEN.