Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1901-08-24
ORDINANCE NO. t7a.

| An ordnance 10 provide Tor the la-
sue OF general refunding bonds OF
the city Of Albuquerque, in the county
OF nernalillo. territory OF New MoA.
leo" TO the amount OF fifty thousand
/ tS50.000). dollars for the purpose OF
refunding a like amount Of bonded In.
dob;odness OF said city and 10 provide
for the levy and collection OF an an.
nual tax TO meet the Interest thereon,
and 90 create a sinking fund for tn
payment OF the principal thereof al
maturity.
Whereas, The city of Albuquerque H.
a municipal corporation duly organ.
ICED and existing as n city under the
general laws Of the territory OF New
Mexico, and did ia the year OF A. ID.
1890 Issue its certain funding bends,
known as the Sewerage bonds" bear
Ing interest at the rate OF 9 per cent
am per Rnnum and aggrogating nftb
thousand dollars 1850. 0OO), OF which
said funding bonds there remain az
this date the entirety. aggregatlng
fifty thousand dollars, unpaid.
Whereas The payment Of an OF
said funding bonds remaining unpaid,
amounting 20 the principal OF fifty
thousand dollars. ls now and has been
for more than one year las; past op.
tionai with the said city and said city
has heretofore declared Us intention
20 exercise It's said option and 90 IT,
sue refunding bonds In place and
stead OF said rofundlng bonds, for tho
purpose of fadcCming same az lower
rate ~ interest, the same being a saw
Ing and 20 the best interest Of the
city. Now. therefore,
BE Il ordained by the city council
of the city of Albuquerque. as follows.
Section /. That thor1 shall bc AMI
there Is hereby ordered and directed
10 be issued the negotiable coupon
bonds If the city % Albuquerque 20
the aggregate amount OF nfty thou.
sand dollars l&b0.0GO), 10 be used
solely for the purpose % refunding the
bonded Indebtedness Of the said cts
represented by It's funding bonds
nggregating a Ike amount and more
particularly described above.
Section 2, That said bonds shall be-
hfty In number numbered cOnsoCu.
lively from one to fifty, both numbers
inclusive. each 60 be for the principal
sum Of one thousand dollars (St. 000l.
and 20 be- designated General re-
funding bonds of the city Of Alhuquer.
que. In the county OF Bernaiillo. tei.
rltory Of New Mexico" ~ bear date OF
September /. a. ID. 1901, 20 be payable
TO bearer aud 10 bear interest nj the
rate Of per centum per annum. pay.
able somiannually. on the FIRST DAYS
OF September and March the FIRST ln.
atallmont Of interest thereon bee0m
ing due and payable on the first day of
March. A. ID. 1902 and tho last install
ment ON the first day OF Scptcm-
Der, A. ID. 1891, the absolute date OF
maturity Of said bonds. and each OF
said bonds shall bee payable az the op.
ton % the said city of Albuquerque
after twenty years from their date ANA I.
absolutely due aud payable thirty /
years after their said date.
Section 9. That there shall be al /
tachod Co each Of said bonds coupons
cyidenclnE the several installments /
of interest due miannualy thereon /
from the date Of said bonds 90 the ma. /
turity thereof Both principal and in. |
tcrost Of said bonds shall be- payable |
Ia gold coin ~ the United states OF /
America, az the banking house OF y. |
w. Harris a Co, at the city and state /
OF New York or al the office Of the /
city treasurer Of the city OF Albu- |
quorque az the option of the holder
thereof
Section 4. That each ~ said bonds /
and COUPONS shall be respectively In /
the following form, viz /
form of hOndD
UNITED STATES or AMERICA
GENERAL HEFUNDiNG BONDS or |
THE CITY OF ALBUQUERQUE
IN THE COUNTY OF HERNAIILI.O,
AND TERRITORY OF NEW
MEXICO.
Mo-. 100000
Know all mvn by these presents,
that the city of Albuquerque. IN the
county Of nrrnailllo. and territory OF
Now Mexico Acknowledges itself 20
owe. and. fur value received. hereby
promises 10 pay the bearer the sum of
one thousand dollars, In gold coin Of
the United states of America. on Sep,
TENDER the FIRST A. d. 1891, or AZ any
time before said date 90 or after !ho
expiration of twenty years after the
date hereof until paid, az the rate of
four per ccntum per annum. payable
lcmlannually. iu like gold coin. ON
he first days Of September and March