Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1901-08-24
IN Tronanrer.

u
City Treasurer.
Section s. Tha. the mayor and city
clerk Of said city OF Albuquerque arr
hereby authorized and direct
cd 20 cause 10 be preparae
In such form as win comply
with the provisions hereof. the bonds
and coupons herCinbefore described
and whom 40 prepared said bonds shall
I be sign a by said mayor. attested by
/ said city clerk. with his signature and
/ the corporate seal OF the said city, and
countersigned by It's city treasaror
and said coupons shall be executed by
| the photographic signature OF tho said
city treasurer alone. and the issuance
II said bonds, the date. number AM
amount thereof. shall bo by said city
treasurer noted aud registered In a
book kept by him for that purpose:
and said officers are hereby authorize 1
and directed 90 execute said bonds
and coupons Tor and on behalf Of said
city. a
Section G. That when properly ex.
ccutod as aforesaid said bonds shall
Doe used solely for the purpose OF re.
funding q like amount Of the funding
bonds pf said city hercinabOve do
scribed, and now outstanding aud ~.
dcomable AZ the option OF the city, and
simultaneously with the delivery %
said rsfunding bonds or any OF thea.
a like amount OF the funding bonds
60 be refunded thereby as aforesaid
shall be cancelled. The Intention being to
change, but not TO increase, az any mo-
ment OF time. by the Issue of said re-.
funding bonds. the Indebtedness OF
said city
Section T. That In order 10 meet
the interest accruing on said refund
ing bonds. the city council Of the said
city Of Albuquerque shall at the time
and the manner prescribed by law for
the levying and collecting OF other
taxes, cause 20 be levied and collecte 1
annually a sufficient tax upon all the
taxable property In said city OF Albu.
querqYe 90 fully discharge said inter
eat as II shall become due upon all "
said outstanding bonds, and all taxes
collected for the payment Of such IN
forest shall constitute special fund
and shall not be diverted TO any other
purpose.
Section s. That In order 20 pay the
principal OF said refunding bonds the
said city council shall, beginning at
the tenth year after the issuance
thereof, cause 10 be levied and col.
locted annually az the time and In the
manner prescribed BY law for the
lovying end collecting OF taxes TOR
other purposes sufficient tax upon
all taxable property In said city ~
albuquerque 10 produce for "A sinking
FUND and an amount equal 10 two ami
one-half per centum per nnnum OF the
amount OF such refunding bonds. then
outstanding and unpaid; aud begin.
ming nc the end OF the twentieth year
after the date Of issuance of said
bonds, there shall for n period OF ten
years be levied and collected In like
manner a SUFFICIENT tax upon all tax.
able property IN said city OF Albuquer,
que 20 produce for a sinking fund, 20
be known and called General refund.
ing sinking fund" an amount equal 20
ten per ccntum of all said rofunding
bonds then outstanding and unpaid,
which said sinking fund shall be- kept
separate and apart from other funds;
and all q said taxes for the paymen.
OF interest or principal as afOresid
shall bo in addition To an other taxe1
Section ., That this ordinance
shall be irrevoCablc until all OF tho
above mentioned rofunding bonds aud
interest thereon shall hive been fully
paid aud discharged
Section 10. That all ordinances and
parts OF ordinances IN CONFLICT here
with are hereby repealed.
Adopted August 10, 1901.
Approved August 10, 1901.
O. N. MARION.
Mayor,
G. w. MEDLER.
City Clerk.
First publication August 81, 1901