Las Vegas free press. (East Las Vegas, N.M.) 1891-1???, 1892-03-29

nishlng OF the town buildings now under con-
/, tract and I'm course OF erection In said town
/ and for no other purpose, therefore;
Be ii ordained by the Board of Trustees of
| the town of East Las Vegas, New Mexico;
| That there he issued bonds OF the said town
Uf East Las Y egns to the amount OF ten thou
sand dollars, (pdr-yaluel, bearing interest at
the rate OF six per cent per annum, interest
payable semi-nnnually on the first day of Jan
/ uary aud the first day of July, OF each aud
| every year, commencing the nrst day of jan
/ uary A. ID 1885, until the full payment OF the
| principal OF said bonds be made nS provided
/ for In this ordinance and said bonds TO be des-
gnated and known as the town hall compile
| ton 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.
to run, mature aud to become absolutely paya-
able In thirty years fr'm the date of the issue
Vt same, but redeemabie aud payable at the
option and 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 any OF said bonds and
lie accrued interest TO the date OF such ten
der OF payment such payment To be made
M tue legal tender OF the United states, aud
pubic notice la any newspaper pub
isued and CirCU Httd in said town ut any time
after the expiration vt said ten years. Tor
the period of thirty days, calling fer The re-
drnptinu Of all or auy OF sai1 bonds, or IN
are made payable, shall be construed to bc
fuil notice 10 the holder or holders Of said
bonds Of the desire ana wish ot said Town To
redeem TIN same. aud the same shall not draw
interest after such notice and call for re-
d-nutiuu 10y said town.
and bonds to be issued of such denomina-
tinns aud for such amounts rs the purchaser
o. purchasers thereof may require or prefer,
+-'it IA 3pu itipeS Ut ono hndred dollars,
Nd uo bond to ne issued for inc lace Or par
Vaiue If ,ess than one hundred dollars
aid BONDS to he sod by tho Town trustees
~ said town - the highest bidderor bidder Tor
tue cuu G issue OF said uOuds or for any portion
thereof, utter due advert seInent IN some news
pap + published aud circulated In said town
Ot the intended sale of same, and on sealed
hid, iu be iioArd OF Trustees OF SAID town Tor
thc same any portion, but no bid 10 be re-
NeiNt,lur considered. nor shali amy OF suld
bonds Au SOLD Tor a price less than nnety-llvc
Ctnt- Of tuuir par value.
me suing 81 said bonds and the creating
OF said indebtedness by said town by reason
thcpcot 10 &c subject TO the ratification or re-
jectiuu by the duiy qualified cctors and tax
puyera OF snid town entitled to vote thereon
~ tho time OF the annual election Tor town
officers, which election viii BE- held on the
i, h DAY of April A. ID. 1892, ut which election
hose quaiided TO vote for or against the issu-
.ng OF said bonds iurthc purposes herein mem
toned, will be given IN opportunity toNUte
whether or not tue said bonds shall he issued
and said debt created by said town; and upon
n majority of such votes cast nj said election
upon the question OF whether or not said
0u'ds snail be ISSUED being IN Inc affirmative
ana IN favor oi tho issuing of said bonds here
In pflvii,,l iur, thea this ordinance shall take
eTD.t md ne D. full foi CO, and said bonds DC
ltc.u.4na.. >u.l ind sold Tor the purposes
ierytG IA, iu.,t: nae ii the votes cast at
suu rC.,.au BON majority against the issuing
81 sHid L,a,as. .hcu tbs ordnance shalt be OF
~ rtcct lul said bonds SHALL not be issued or
InaClgi ihIs IN day of March. a. ID 1892
q bi. ,UNNNINOHAM Mayor
kttc.t. ~ ii. haLLT, hocufder pro tenn