Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1901-09-11
ORDINANCE NO. t72,

suance OF general refunding bonds of
the city Of Albuquerque, New Mexico.
to the aggregate amount of $4,000.
Whereas. This city has outstanding
$4,000 OF Sewerage Bonds. bearing
interest at the rate of six per cent
per annum being Nos. 1 to SO inclus.
i've, and for $1,000 each, all dated
June |, 1890, due June I, 1920, and re-
deemable, at the option of this city,
at any time before said last mentioned
date after June 1, 1900; and.
Whereas, All of said bonds are the
valid and legally binding obligations
OF this city, and IL Is for the best inter
ests of this city, that advantage be
taken OF said option. and that said
bonds be refunded at a lower rate of
interest: and,
Whereas, The holders Of the said
BOMBS have failed, refused or neglec-
ted to surrender the same under the
provisions Of the acts Of the territory
Of New Mexico in that behalf made
and provided: and,
Whereas. Said bonds have been du.
ly called for payment, and refunding
bonds OF said city to the aggregate
amount aforesaid duly awarded and
sold to N. W. Harris & Co, OF Chicago,
ILL.,. at not less than their par value.
which said refunding bonds. II Is
agreed. shall be of the date, denomln-
alton and description hereinafter pro.
vided: Now. therefore.
BE II ordained by the City Council
OF the city OF Albuquerque. as follows:
Section l.. That there Is hereby or
dered to be issued the negotiable
coupon bonds of the city OF A~lbuqusr.
que, to the aggregate amount of fifty
thousand dollars. to be used solely for
the purpose of refunding n like
amount OF the bonded Indebtedness
Of said city, evidenced by its Sewer
age Bonds, dated June I. 1900, and
more particularly described in the pre-
amble hereof.
Section 2. That said bonds hereby
directed to be issued shall be fifty In
number. numerated c~onsecutively
from one upwards. each to be desig-
mated as n General Refunding Bond
Of the City OF Albuquerque, in the
County Of Bernalillo. Territory Of New
Mexico" to be In denomination of
81 900 each. and to be payable to bear
er. and to bear interest from and after
their date at the rate OF four per
centum per annum. payable semi.an.
nually on the first days of March and
September.
Section 2. That said bonds shall be
dated September I, 1901 and become
due and payable on September /. 1881.
or. at the option of said city. at any
time before said last mentioned date
on or after September I, 1921; and
there shall be attached to each OF said
bonds coupons e%videncing the several
installments of interest due semi-an.
nually thereon as aforesaid, and both
principal and interest of said bonds
shall be payable in gold coin of the
| United States Of America. of the pres.
ent standard of weight and %ineness,
at the banking house of N. w. Harris
a. Co, in the city and state OF New
| York, or. at the option of the holder
thereof, at the Office Of the City Treas.
urer of and in said city of Albuquer'
que.
Section 4. That each OF said bonds
and coupons shall be respectively IN
substantially the following forms, to
wit:
form OF bond.)
UNITED STATES OF AMERICA
GENERAL REFUNDING BOND OF
THE CITY OF ALBUQUERQUE. IN
THE COUNTY OF BERNALILLO
TERRITORY OF NEW MEXICO.
No.- $1,000
Know all men by these presents
That the city OF Albuquerque. In the
county Of Bernalillo and the territor,
OF New Mexico. acknowledges itsel
to owe, and, for value received. hereb!
promises to pay to bearer the sun o
one thousand dollars on September
1881. with interest on said sum iron
the date hereof, until paid, at the rat
Of four per centum per annum pay
able semi.annually on the first days .
March and September In each year, p
evidenced by, and upon the presenta
ton and surrender OF the interes
coupons hereto attached. as they sew
orally become due: Both principa
and interest payable In gold coin o
the United States OF America. of tn,
present standard OF weight and fine
ness, at the banking house Of N. W
Harris & Co., in the city and state o
New York, or, at the option OF tn
holder hereof, at the Office of the Cit.
Treasurer OF and In said city OF Al
buquerque; and for the prompt pay
ment OF this bond, with interest a
aforesaid. at maturity, the full faith
credit and resources of said city o
Albuquerque are hereby ~irrevocabl,
pledged. This bond Is redeemable a
the option OF the city, before its ma
turity, as aforesaid. on and after tween
ty years from the date hereof.
This bond is issued by said city o
Albuquerque for the purpose of payinI
of and refunding a like amount Of il
valid and binding Indebtedness evl
denced by its lawfully issued and out
standing bonds bearing a higher rat
Of interest than herein provided, AM
Is issued pursuant to and In full con
pliance with the provisions OF IN &C
OF the Legislative Assembly of tn
territory of New Mexico. entitled
IAN Act to provide for the ~refundin.
OF the bonded Indebtedness Of the tel
] ritory OF New Mexico, and the vaAkpu
counties and the municipalities there
Of" approved March 16, 1899. and a
act of said Legislative Assembly, Ell
titled, IAN Act to authorize the r.
funding of the bondei Indebtedness G
counties nm municipalities in the ter
$ ritory Of New Mexico" approve
March 10, 1901, and Is issued undo
: and in accordance with the provision
of an ordinance OF sssd city OF Alb
querque. relating thereto, and dul
passed and adopted on September
, 1901.
. And II Is hereby certified, recite
| and declared, That the terms an
conditions of the said acts have bee
. fully complied with by the authorize
concerned In the issuance of tn
= bond, and that all acts, condition
and things required to be done, exis
happen and be performed precedeI
10 and in the issuance of this bon
have been properly done. existed, ha
\ nanaI and hpan nprfOrmpd in fpguls