Daily camera., 1898-04-13
AN ORDINANCE

Providing for the Contracting OF An In
debtedDess Upon the Credit Of the Cit!
of Boulder. Colorado, by the Issuance
of the Negotiable Bonds of said City TO
tho Purpose Of Acquiring, Establishing
and Maintaining Public Parks, Pleas
ure Grounds, Boule evards, Park way
Avenues and Roads.
Whereas, by virtue of an Ordinances
entitled An Ordinance providing for sub
mitting to vote OF the qualified electors
Of the City Of Boulder the question Of &C
quiring, establishing and maintaining
certain public parks, pleasure grounds
and Bouleyards, passed the 18Th day Of
March, A. D., 1893, said qualified electors
did at the regular annual City election
on April 5th, 1898, by majority vote
duly held in said city, vote tor the ac'
quirement of parks and the establish.
ment of boulevards, park ways and roads
as provided in said ordinance;
Whereas, by virtue of an ordinance
entitled. An Ordinance p oviding for sub
mitting to vote Of such qualified electors
of the City Of Boulder as shall In the year
next proceeding this year, A. D., l898
have paid a property tax In said city, the
question Of incurring an Indebtedness on
behalf Of the city Of Boulder by issuing
bonds Of the city for the purpose Of &C
quiring, establishing and maintaining GER
tain public parks, pleasure grounds, boule-
wards, parkways, avenues and roads, pass
ed March 18th, A. D. 1893, and under and
by virtue of said last mentioned ordin.
ance at the regular municipal election in
said city on April 5th, A. D. 1893, said
qualified electors by majority vote voted
in favor of incurring said Indebtedness
and issuing said bonds; now therefore,
be it ordained by the city council of the
city of Boulder:
SECTION 1. That for the pupose of
acquiring, establishing. and maintaining
certain public parks, pleasure grounds,
bou!evards, park-ways, avenues and
roads, an Indebtedness of said city of
Boulder upon the credit of said city is
hereby authorized to be contracted not
to exceed the sum of twenty thousand
(2oooo) dollars by the issuance of the
negotiable bonds of the said city of Boul.
der as hereinafter provided.
SECTION 2. Said bonds shall be of
the denomination of FIVE hundred (5oo)
dollars. each to be numbered from one
(l) to forty (4o) both numbers inclusive;
shall become due and payable at the
option Of said city ten Io) years after the
date thereof and to be absolutely due
and payable fifteen (I5) years after the
date thereof; said bonds may be made
payable to the purchaser or bearer; shall
bear date the 10th day of April, A. D..
1903; shall bear interest at the rate of six
(6) per cent per annum. said interest to
be payable semi-annually on the 10th
day of October and the 10th day of April
of each year at the Office of the treasurer
Of said city of Boulder. Such semi-anf
nual interest shall be evidenced by inter.
est coupons annexed to each of said
bonds each of which coupons shall evi-
dence one such payment to be made OF
semi-annual interest on one such bond
and any such interest upon any such
bond shall be paid at the place aforesaid
upon the surrender of any such coupon
when the same shall become due; said
coupons shall be numbered from one (I)
to thirty (3o) and bear the date and num-
Der of the bonds to which they are at
tached; both principal and interest of
such bonds shall be payable in lawful
money of the United States of America
of the present standard weight and fine
ness.
SECTION 3. That said bonds and each
of them be signed by the mayor. attested
by the city clerk and countersigned by
the treasurer of said city of Boulder and
have affixed thereon the corporate seal
of said city. Said coupons shall be sign
ed by the treasurer of said city in his Of
fetal cap tcity and the said coupons re-
spectively shall when SO signed be con.
sidered sad the same are hereby declar-
ed to be the proper original promise OF
said city in the hands Of all persons secur-
ing the payment of said interest save
and except such of said coupons as shall
not become due by reason of the pay.
ment or redemption of the bond to which
such coupons are attached before the
maturity of such bonds.
SECTION 4. The monev derived from
the issuance and sale of such bonds shall
be paid into the treasury OF said city
and the same are hereby appropriated
and shall be applied only to the purpose
for which they we're procured. but the
purchaser Of such bonds shall in no way
be responsible for the application or dis
posal by said city or by any its officer!
of the funds derived from the sale o.
said bonds.
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