CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1903-08-20
ORDINANCE NO. 252.
A Ordnance to Provide Tor the Issue Of
fsrty Thssssad $40. 1000 Dollars, Of Re-
fusdiss Besds. Of the City Of Csasa
CITY, Colorado.

Whereas, On, to- wit, the Inst day Of June.
a. ID, 1903. at a regular meeting Of the city
council of the City of Canon City. duly held
at the city hall in said city. this council did IN
due time form and manner after the first pub
icafion thereof In due time. form and manner
pass, publish and enter of record It's ordinance.
fthe same being Ordinance No. $50 of said
city, submitting to such of the qualified
voters of said City Of Canon City as should
have paid a tax upon property assessed to
him or her in said city within the year imme-
diately preceding said election, the question
of refunding the bonded Indebtedness of said
city. to the amount Of forty thousand $40 ,oOO)
dollars, to be voted on at u special election
called In said ordinance. to be held In said
city for that purpose on Friday. the 2eth day
of June. A. d. 1908. the particular bonded in
debtedness so sought to be refunded by said
city, being represented by forty (40) bonds of
saic city. for one thousand ts1.o0o) dollars
each. issued on the first day Of July, A. ID.
1888, by the then Town Of Canon City. (the
same being the present City Of Canon CityJ
and which were due. payable and unpaid on
the lst day OF July. A. d. 1908; and.
Whereas. The city clerk Of said City Of
Canon City. in pursuance Of such ordinance.
and OF the statute In such case made and pro-
vided. did post notices Of such election In the
various wards or voting precincts In said city,
(said city being composed Of three wards or
precincts.) at least fifteen days preceding said
special election. and did also cause to be pub
lshed for period OF at least ten days imme-
dtate!y preceding such election In THE Canon
City CLIPPER" a semi weekly newspaper.
THE Canon City Record" and THE Canon
City Times" both weekly newspapers. and all
said newspapers published at the City OF
Canon City aforesaid. notice Of said special
election: and
Whereas. In pursuance OF said ordinance.
said notice. and of the statute In such case
made and provided. an election was duly and
In due time, form and manner held as con
templsted thereby In said city. on .he 26th
day Of June. A. d. 1908; and,
Whereas. 1t appears by CANVASS of the
votes cast at said election that majority of all
the votes cast thereat upon the question sub
mtted was and is for refundng the city In
debtedness, viz; The said outstanding and
unpaid bonded Indebtedness of said city. and
the issuance Of refun ding bonds of said city to
redeem and refund said outstanding bonds,
and In the affirmative upon said question, by
reason OF which this council Is law'fully au-
thorized to Issue the refundina bonds of said
city In the sum OF forty thousand (S40. 0.0Oo)
dollars. and refundinR said outstanding and
unpaid bonded Indebtedness; and. Il
Whereas. There are no funds In the treas
ury OF said city available for the redemption
OF said outstanding and unpaid bonds; and.
whereas. This council has determined the
amount Of such refundirg bonds to be issued,
at forty Thousand ts4o ,0oo) dollars. and caused
certificate Of such determination to be made
and entered In and upon the records OF said
city council. prior hereto; and,
whereas, 1t 10 cxpedient Mt this time to Is
sue forty thousand tsso.ooo) dollars, OF the
ssid bonds In compliance with said vote and
to provide proper ordinance for the issuance
OF said bonds and the form thereof;
Therefore. be II ordained by the city council
OF the city OF Canon City,
SEC. 1. That for the purpose Of refundins
said forty thousand (olO,oO0) doilass, In
debtedness Of the city represented by said
forty town bonds for one thousand (o1 ,oOo)
dollan each. OF dats July 1T, 1sss. outstand-
Ing and unpaid. the refunding bonds Of the
City Of Canon City, b. issued = authorised by
the vote OF the people heretofora made. 10
the sum Of forty thousand to4o.oo0) doiiafs,
thst said bonds shsii ts leeaed u ths denomis
nation Of one thoueand ~ ,oooj doflan sarh.