, 1903-03-05

shall be detached from the bond before
the payment OF the interest represented
thereby, and shall, upon payment, be
forthwith cancelled, cutting out with q
stamp the word paid across the face
thereof, and when the bond is paid the
treasurer shall cause the word Paid"
to be cut therein.
Section Three: The said bonds shall
be negotiated by the Town Council for
lash at the best price o~btainable; pro-
vided that said bonds shall not be odd
for less than par value. and the accrued
interest at the time of their disposal.
Section Four. The Town Council
shall cause notice to be given by publ
cation in a newspaper published in the
Town Of Saratoga, and such other places
as the Council shall direct. OF its inten-
ton to issue and sell said bonds and in
vite bids therefor, such notice to pc pub
lished over the signature of the Mayor
and Town Clerk. The Town Council
shall have the right to reject any or all
bids received for such bonds. Such not
ice to be published not less than three
consecutive issues.
Section Five. There shall be annual
ly levied and collected on all taxable
property. real, personal, and mixed with
in the town, a tax sufficient to pay the
interest on said bonds, as the same be-
come due and to redeem said bonds as
provided in this Ordinance. Said tax
shall be levied and collected in the same
manner as other taxes OF the town and
said tax shall be known as the water
bond tax, and the proceeds raised there
by shall be used for the payment Of the
principal and interest OF the bonds so is
sued and for no other purpose.
Section Sin. Each year after the tenth
year after the issue of such bonds, there
shall be redeemed at least one-twentIeth
thereof. Such bonds shall be redeemed
in the order of their issue.
Section Seven. Whenever any bonds
are to be redeemed as hereinbetore pro.
vided, it shall be the duty of the Town
Treasurer to notify the holders Of the
bonds to be redeemed, by personal not
ice or by registered mail when practi-
cable, or by publication in some news
paper published in the Town OF Sarato-
for ten consecutive issues, thai the
bonds giving their numbers and
amounts) will be paid on presentation at
the place where same are payable. II
said bonds are not SO presented within
thirty days after such personal notice or
notice by mail, or the completion Of the
publication. they shall cease to draw in
terest forthwith and the surplus may be
used to redeem other bonds than those
noticed or advertised. and Immediately
in their order succeeding. and il by 30 do
ing n sufficient sum OF money does not
remain to pay them, the bonds 30 MOTTO
ed or advertised and not presented. need
not be paid until the succeeding year.
Section Eight. The Town Treasurer
is hereby declared to be the custodian
of the bonds and of the money arising
from the sale thereof and monies collect
ed from said annual tax for the purpose
of paying the principal and interest upon
said bonds.
Section Nine. This Ordinance shall
take effect and be in force after its pas.
sage and publication.
Passed March 9, A. D. 1903.
Charles P. Clemmons, Mayor.
Attest: X. w. Dyer, Town Clerk.
lSeal.l
l hereby certify that the above and
foregoing is a true and correct copy OF
40 Ordinance presented and passed at
the regular monthly meeting Of the
Town Council OF the Town Of Saratoga,
State OF Wyoming, on the End day OF
March, A. D.. 1903.
R. w. Dyer, Town Clerk.
[Sesl.l