Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1901-08-21
NO. f7o.

OHOiNhNCE NO. f72.
An ordinance to provide for the 4.
sue OF general refunding bonds O
the city Of Albuquerque, in the count
OF Bernalillo, territory OF New Me,
ico,' to the amount of fifty thousan,
CS5O,OO0), dollars for the purpose O
refunding a like amount OF bonded in
d~ebtedness of said city and to proyid
for the levy and collection OF an ar
nual tax to meet the interest thereon
and to create a sinking fund for tn,
payment OF the principal thereof a
maturity.
Whereas, The city of Albuquerque 4
a municipal corporation duly organ
lied and existing as a city under tn,
general laws of the territory of New
Mexico, and did In the year of A. II
1890 issue It's certain funding bonds
known as the Sewerage bonds" bear
ing interest at the rate of G per cent
um per annum and aggregating fftl
thousand dollars 1856, 0O0), OF which
said funding bonds there remain a
this date the entirety, a~ggregatin,
fifty thousand dollars, unpaid.
Whereas. The payment Of all o
said funding bonds remaining unpaid
amounting to the principal OF ffty
thousand dollars, is now and has beer
for more than one year last past op
tional with the said city. and said city
has heretofore declared its intention
to exercise its said option and to is
sue refunding bonds in place and
stead of said refunding bonds, for the
purpose OF redeeming same at a lower
rate of interest, the same being a saw
ing and to the best interest of the
city. Now, therefore,
BE IL ordained by the city council
of the city of Albuquerque, as follows
Section /. That there shall be and
there Is hereby ordered and directed
to be issued the negotiable coupon
bonds II the city OF Albuquerque &c
the aggregate amount OF fifty thou
sand dollars S50,000), to >be used
solely for the purpose Of refunding the
bonded indebtedness OF the said city
represented by its refunding bonds
aggregating a like amount and more
particularly described above.
Section 2. That said bonds shall be
nifty in number. numbered consecu.
lively from one to fifty, both numbers
inclusive, each to be for the principal
sum OF one thousand dollars s1,OOOD
and to be designated General re.
funding londs of the city OF Albuquer.
que. in the county of Bernalillo. tel
ritory OF New Mexico" to bear date of
September |, A. ID. 1901, to be payable
to bearer and to bear interest at the
rate of I per centum per annum. pay.
able semi-annually, on the first DAYS
OF September and March, the first in.
stallment of interest thereon becom
ing due and payable on the first day OF
March, A. ID. 1902 and the last install
ment on the first day OF Septem-
her, A. ID. 1881. the absolute date OF
maturity Of said bonds. and each OF
said bonds shall be payable at the OPP.
ton of the said city of Albuquerque
after twenty years from their date and
absolutely due and payable thirty
years after their said date.
Section 3. That there shall be at.
tached to each of said bonds coupons
evidenclng the several installments
Of Interest due semi-annually thereon
from the date of said bonds to the ma.
turity thereof. Both principal and in
terest Of said bonds shall be payable
in gold coin of the United States OF
America, at the banking house of n.
w. Harris & Co., at the city and state
of New York, or at the Office of the
city treasurer of the city OF Albu-
1uerque at the option OF the holder
thereof.
Section T.. That each OF said bonds
and coupons shall he respectively I'm
substantially the following form, viz.
form OF bond.)
UNITED STATES OF AMERICA
GENERAL REFUNDING BONDS OF
THE CITY OF ALBUQUERQUE,
IN THE COUNTY OF BERNALILLO,
AND TERRITORY OF NEW
Mo-. 81, 100000
Know all men by these presents,
that the city of Albuquerque, in the
county of Bornalillo, and territory of
New Mexico, acknowledges itself to
owe, and, for value received, hereby
promises to pay the bearer the sum of
II thousand dollars, in gold coin OF
the United States of America, on Sep
TENDER the first. A. ID. 1881. or at any
time before said date at or after the
expiration of twenty years after the
date hereof, until paid. at the rate of
four per centum per annum, payable
,hn a., 1ay q n ou ,o,n, gu
in aooh ,ayS u, oop'eiioer anu MaIcn
and 49,, upon an pl.Sen.a.lon
1900 a,,anhoS ~ ,hau arip hn
."ono 49, d., ,nuS 9n'ny ~
nal nayabio ~, ,hn HanL,a nv pa ~
y W aorr,s g. 20 ~, us LEU
,,a,o 80 ~ VI ~ .iS u
IN o,tr w." ,o,N tne o"e1
o"orono ~ ,hn ,n' o'y VI anpu,
VutIVut, III tnt county OF BernallllO