The Delta independent. [volume] (Delta, Colo.) 1886-19??, 1897-07-07

An ordinance 70 create an Ipdebtedness on b.
ofIes tSoa.snd doiisfs. iof tSe purposs q eI-
eending and completing the water works Of aid
"a q. % T.ssi h: shsssio
ies n,nd q! he P.ynsr. Of .sM inds6ssdne:.
Town OF Delta. Colorado.
| SECTION one-An Indebtedness on behalf Of the
doa hereby sSd the
shall be svide.esd by 70 bonds for the sum ol
I've hrnd,sd ;s e, do,n.. s.s. Said bond. shall b
rad0 and shall be known IS water bonds and
shall Be nunhered In regula. order from QUE %
the rate Of six per cent per annum, payable semi.
annually on the nrst days Of January and July 81
eoupons astached 70 each bond. and Numbered
from one 70 thirty. both inclusive, aud each cou-
pom shall bear ths nunber q the bond 70 which
signed in the same manner - Is herein prescrib-
ed for the signature Of aid honda
their face the title Of this oriinaDce. and the
title Of the act Of the General Assembly Of the
ssna. % Il b. aligned %
the Mayor. and the Town Clerk shall attest the
same E, with his signature and the coreorats seal
indorss upon each Of sd bonds thee woris.
,smns his s N. thereto and S. Il. ss
IN book kept for such purposes register each Of
said bonds giving date, amoani and number.
ed from the sale OF aid bonds shall he applied
solely t. the extension and o,npletIen Il the
water works OF said town and tie furnishing Of
seciion lSur-ssid bonds shall he dated July
lst. 1877. and the principal Of aid bonds and
The treasurer OF the Town q Delta. coios.ds Col or OF
.as the option Of the holder Of any
section nve-said bonds shall BE- pay.bse In
the consecutive order Of their numbers at the
pleasure Of the aid tovn At any time amer July
and d yAble July 1xt 1912 AZ any time amer the
ist day Of July, isos. the Board Of Trustees may
Town Of Dcisa 70 cali in from time 10 time 20
many If Aid bonds as the Beard Of Trustees Of
said town may wish 70 redeem, and the ssia
cause 10 be published In ZONE newsTApcf publish
ed in aid town, notice. which shall be publish
per and such notice shall state that certain bond.
DESIGNATED therein by their number and amount
Town % TPeasusrr of she ..,S Town. s m 9%es
on certain date therein nsmed, at least ave
days and not exceeding twenty days amer the
date named IN said notice for the time OF piy-
ment Of said bonds the aid bonds shall cea.e to
draw interest Provided. that the Bnard 81
Trustees may At any time when suiiicicnt funds :
are In the Treasury for such purpo~r. offer the
srea,ur.r Of aid town 70 purrhase any of said
holder thereof and such bonds 70 purchased shali
be Immediately cancelied.
upon all of the taxable properly within the
corporate Limits of said town an annual tax OF
tnfre mills Oh cnrn uoilsf 81 the as>r~sld value
Of the said property for the period Of ffeen year.
beginning with the present fiscal y~ar for the
purpose 81 meeting the annual interest ON said
bonds. and the sum reaiixed thsrcfrom Is berrby
set aside a special fund for the payment OF the
interest coupons on sid hoods. In case there
shall be any surplus amer paying the said Interest
coupons n they fall due. then the raid surplus,
may, by order of the Board Of Trustees be turned
into the sinking Fund. a. hereinafter establish
ed
section seven-That there be. and hereby Ia,
levied upon all Of the taxable property within
Said towa annual tax ftwo mills, 10 be 6r~t
collected for the nscal year 1901. and for each
ier the purposs Of payii9 AID bonds and The
sum Fsalissd fr.W .aA tay b hrnrby. set aside as
k3d = - sikssiSs -ss 1snS.s 49, shiss Is
= Sefe6y ssaabliahed Sos the payment Of said
bonds.
section eiEht-Thaf no rart Of either # the
special funds created by srctons SIX and seven Of
this oriinince <hal1 be diverted therefrom zp-
piled TO any other purtsrc until the aid indebt-
ednea v paid and discharged.
section nine-This ordinance shall not be re-
psalable until the whole Of the indebtedness
k0geby created shall have been raid In null
Passsd. approved and ofdsred published thi,
tsesi) 4. 70. srccErAs. Mayor.
n Attest: Lofs I. BsAR, Town Clerk.