The Delta independent., 1903-10-09
ORDINANCE xo..-

AN ORDINANCE rRovIDING FOR THE con-
TRACTING OF AN INDEBTEDNESS By
THE TOWN OF DELTk, COLORADO AND
UPON THE CREDIT THEREOF by THE Is
suANCE OF THE NEGOTIABLE COUPON
BONDS OF SAID TOwNFOR THE PURPOSE
OF THE CONSTRUCTION OK WATER
WORKS FOR SAID TOWN FOR FIRE AND
DOMESTIC PURPOSES @AND SUPPLYING
SAID TOWN WITH WATER.
WHEREAS, "A majority of the voters Of the said
tuwn Of Delta who were tax payers under the
law voting on the question at an election duly
called for tile purpose of taking said vote and
duly held in said Town on Tuesday October 9Th,
\. d. 1903, by vute approved the erection by
siid Town Oft system Of water works for sup
lying said Town with water for fire and domes-
tic purposes and all other municipal purposes,
and ef.
WHEREAS. the Board OF Trustees of the said
Town do now deem II necessary to construct said
water works and to obtain the funds therefor;
NOW. THEREFORE,.
RE IT ORDAINED by THE BOARD OF
TRUSTEES OF THE TOWN OF DELTA, COLO
RADIO
sectionl That the town Of Delta, Colorado
issue its negotiable coupon bonds in the sum OF
Eighty Thousand Dollars. tSsOoG 0Ol for the pur'
pose Of the construction OF water works for said
Town for fire and domestic purposes and supply
ing said Town with water, AMI thereby contract
an Indebtedness in said amount for said pur-
lN~e.
Section 9. That said bonds consist of two ser
ies designated series "a" and series "B' resliec-
lively. Series "a" shall consist of my G0)
bonds Of One Thousand Dollars. CslOoo0o) each,
numbered from one (i) TO tifty CaO) inclusive, and
t,t ,F yiytr hands
Five Hundred Dollars (ssOO0N each numbered
fir I'M fifty.one (,D to one hundred and ten uio)
inclusive; and that NIL Of said bonds be dated
October 10th, lOU3. and be absolutely due and
payable rIteen (i5) years after the date thereof
and rr,leemable at the Oniion Of said Town ten
uO) yea RI nfler the date thereof, at the Office oi
the Town Treasurer in said Town; shall bear i'i'
terest at .the nate 1f FIVE and onc-lnlf CaiD
per ccntum per annum. payable semiannun''y
ON the s0th days Of April aud October In ench
wear until paid, at the Office of the Town Treas
urcr aforesaid or at the Banking House OF
Kountze brothers In the City and State OF New
York at the optnn Of tile holder OF the c'ipons
thereto attached. and both principal and Inter
est shall be payable In gold coin of the United
States Of America of present standard of weight
and fnencss.
Section 3. That said bonds shall be sealed
with the corporate seal Of tile sail Town. signed
by the Mayor am aitesied by the Clerk anu ke-
cor,ler and countersgned by the Treasurer oil
said Town. Each Of said bonds shall have at
tached thereto thirty (O) coupons numbered
from one ~ tn thirty tao) inclusive each repre-
senting u semi annual insialinent Of Interest
u,,on the said bonds and securing the payment
OF Interest as 1t nccries. which said coupon shall
bear The signature of the Treasurer Of sad Town
either original or In fac simile and the number
Of The bond to which they ar attached; 'aih
coupons when male, executed and DELIVERED
~ part of said bonds shall be the iawi''i opii-
cations of said Town securing the payment "'
said interest In the hands VI all persons 10 who'
they may lawfully COME.
section4. That th" farm Of sa'd bondS ana
eo,,,sns shall be substantially as follows to-wi';
UNITED STATES OF AMERICA.