Gilpin observer., 1899-07-27
AN ORDINANCE

bONOo rOh ld1 fOhfOSE Or = UNDlNo
THE INDEBTEDNESS OF THE INCoRPoR
ATE TOWN OF NEvADAvlLLE, IN THE
| COUNTY OF GILPIN AND STATE OF
COLORADO, INCURRED BY SAID TOWN
| FOR THE PURCHASE AND CONSTRUC.
TlON OF A GRAVITY SYSTEM OF WATER
WORKS AND SUPPLYING SAID TOWN
WITH WATER.
BE 1T ORDAINED BY THE BOARD OF TRUSTEES OF
THE INCORPORATE Town OF NEvADAvILLE
CoLoRADo:
SECTIoN1. That in pursuance of a vote of a
majority of the taxpayers of said town. polled at
an election held in said town on the 22nd day of
July 1899. to determine the question of the issu.
, ance of the bonds of said town to the amount OF
Twenty Thousand Dollars, for the purpose of
funding the debt of said town incurred for the
purchase and construction of a gravity system of
said bonds were authorized to be issued there be
issued bonds of said town to the amount OF
Twenty Thousand Dollars, of the denomination
of One Hundred Dollars each some multiple
of One Hundred Dollars, for the. purpose Of
funding said indebtedness Each OF said bonds
Town of Nevadaville will pay to the bearer
thereof, the amount thereof, at the time therein
specified, and shall each specify for what pur-
pose it was issued, and shall be signed by the
mayor of said town. countersigned by the town
clerk, and shall each be under the corporate seal
of said town.
SEC. 2. Said bonds shall be printed or litho-
graphed on bond paper and each shall have at
tached thereto thirty interest coupons, numbered
from one to thirty, inclusive of both numbers
and numbered also TO correspond with the num-
Der of the bond to which they are attached. Said
bonds shall he and become due absolutely in hf
teen years from the date thereof, and shall be
payable at the pleasure of tn, said town of Ne
vadaville at any time after the expiration of ten
years after the date thereof. Said bonds shall
bear interest at the rate Of six (6) per centum
per annum from the date of, their delivery.
,,.,b ku1 hi
semi-annually the first day of August and the
first day of February of each year.
SEC. 8. Said bonds shall be negotiated or sold
by the mayor and the finance committee Of said
town at such times and in such quantities as said
mayor and said finance committee shall de-
termine. No bond shall be sold for less than its
par value, and no bond shall be sold except for
cash.
able at the office OF the town treasurer of said
town of Nevadaville, all exchange or express to
be paid by said town.
said bonds shall be used for the construction
and purchase of gravity system of water works
and for no other purpose whatsoever, and for
separate account OF all moneys received from the
sale of bonds, and shall not pay out of said fund
r Except for in
SEC. 8. The town clerk OF said town shall keep
book in which he shall record the mum ber of
the delivery, to whom issued and to whom de-
livered.
SEC. I. The town treasurer of said town shall
pay the coupons upon said bonds as they mature
out of any unappropriated funds derived from
the water revenues of said town. IL sufficient and,
il not sufficient. then the may be paid out of
the general fund or by special levy for that
purpose as hereinafter provided. And to provide
for permanent sinking fund for the payment of
taxes are hereby provided to be levied upon all
the taxable property, real and personal in said
town of Nevadaville
TO provide for the payment of said interest. or
any deficiency in the appropriation hereinbefore
made for that purpose, there sha'l be levied from
And the Stmse o The
of said bonds. there shall be levied tax of a
sufficient number Of mills on each dollar Of said
payment Of the % principal Of said bonds shall be be
levied and collected in the year 1909 apd each
%sds an sSd p
when collected. be b. The trsssarsr kept in :
shall be used for the redemption Of said bonds
only. And the taxes SO levied foe the payment
Of interest on said bonds. when collected, shall
shall 70 %
for the payment Of the interest duepsssii hends
ment of the principal OF said bondss and also for
the payment OF the interest on said bonds, shall
pc PAYABLE IN cash only and said taxes shall
BIO. 8. The form Of said bnnds and the
lows:
No....... S...n...
THE TOWN OF NEvADAvILLx. oILPIS COUNTY.
COLORADO. Nxw WATER BONDS.
The Town Of Nevadaville. Gilpin county, Colo
RADIO. acknowledges itself to be indebted aad
- 60 - =. dollar. lawful %oas, q ,hs i,
redeemsble At the pleasure Of said town after ten
years from the date hereof. and absolutely due
the oice Of % the treasurer % % of said % town. and At
thee expense of said town, with interest thereon
at the rate of six (1) per centum per annum. pay
and the first day Of February OF each year upon
the presentation and surrenfer OF the slne.ed .e
as they shall ~ tbs the
said town, at the expense Of said town..
This bond is one Of q series Of bonds OF like
Twenty Thousand Dollars, which have been is.
sued in pursuance Of an ordinance of said
Town of Nevadaville passed by the board Of
4. T D. isSs q s sntited. % IAN orddance Providins:
for the Issuance of Bonds for the Purpose of
q Ne n the S @
and State OF Colorado, Incurred by Said Town
for the Purchase and Construction of a. Gravity
Town With Water" and also under and in pur-
suance of the authority vested IN said board Of
trustees by chapter i2i OF Mills Annotated
division % of section 4ios of said chapter and
the amendments thereof.
This issue of bonds has been duly authorized
by a vote of a majority of the duly qualified
electors of said town who arc taxpayers voting
on the question at IN election duly held on
July 22nd. 1879, and all ncts conditions and
things required to be done precedent to and in
the issuance of said bonds have been properly
done and performed ms required by law. and the
total amount does not exceed the constitutional
limit of debt,
In testimony whereof the said Town of Nevada-
vile has caused this bond to be signed by the
mayor and countersgned by it's clerk and its in
corporate seal to he attached this ..... day of
................, A. ID. 1859.
Town Seal.1
..,ss.s..s .s.,.,s.s.'.ss .sss......
Mayor.
Attest;-
Town Clerk.
FoRM OF COUPON.
The Town of Neyadavile State OF Colorado.