The Meeker herald., 1905-07-08
ORDINANCE NO. 50.


An Ordinance Providing for the Contracting
of an Indebtedness by the Town Of Mccker.
Colorado, and Upon the Credit Thereof by
tine Issuance OF the Negotiable Coupon
Bonds OF Said Town for the Purpose Of the
Construction OF Water Works for Said
Town for Fire and Domestic Purposes and
Supplying Said Town with Water.
WHEHEAs. A majority of the voters of the
said town of Meeker who were Taxpayers I'M
der the law voting on the question Mt an cleo.
ton duly called for the purpose of taking sad
vote ana duly held In said Town on Monday,
June 20, lhb, by vote approved the cree
tion by said Town of ~ system OF water works
for supplying said Town with water for IRE
and domestic purposes nnd all other munich
VI IKi;EAs, The Board of Trustees of the
said Town do now deem 1t necessary to con-
struct said winter works and u obtain the
funds therefor:
NOW, THEREFORE,,
BE it Ordained by the board of Trustees OF
The Town Of Meeker. Colorado:
SECTION |. That the Town of Meeker, Colo.
RADIO, issue It's negotiable coupon bonds In
the sum of Fifty Thousand Dollars tS5O,UUOO0l
for the purpose of tine construction of water
works for said Town for fire aud domestic
purposes and supplying said Town with
water. and thereby contract an Indebtedness
in said amount for said purpose.
SECTION 2. That suid bonds consist of two
series, designated Series "A" and Series
"B" respectively. Series y" shall consist
of thirty tSul bonds of One Thousand Dollars
tsl,GG0j each. numbered from one ~ To thirty
tsOi Inclusive. and Series b" shall consist OF
forty 40 bonds of Five Hundred Dollars
$40 each, numbered from thirty-one C3D To
seventy 90 inclusive; and that NIL OF said
bonds be dated August LIST 1909, and be abso-
iutely due and payable fifteen tl6j years after
date thereof and redeemable mt the option Of
said Town ten tiOl years after the date there
OF. at the office of the Town Treasurer In sud
Town; shall benz interest ut the rate of six
lBi per cent per annun, payable semi-annunlly
on the lst days of August and February In
each year until paid, ut the office of the Town
Treasurer aforesaid. or at the Banking House
of kountze brothers in the City and State OF
New York, at the option OF the holder of the
coupons thereto attached, and both principal
and interest shall be payable In gold coin of
the United States OF America OF present
standard OF weight and fineness
SECTION 3. That said bonds shall be senled
with the corporate seal OF the said Town.
signed by the Mayor and nttested by the Clerk
and Recorder, and countersigned by the
Treasurer of said Town. Each of said bonds
shall have attached thereto thirty GOD cou-
pons numbered from one IN to thirty 1901
insiallmnnt of interest upon the said bonds
and securing the payment of interest as 1t
accrues, which said coupons shall bear the
signature OF the Treasurer of said Town either
original or In fac smile and the number OF
the bond to which they are attached: said
coupons when so made. executed and deliv-
cred as - part of said bonds shall be the law
ful obligations OF said town securing the pay
ment of said interest in the hands Of all per-
sons to whom they may lawfully come.
SECTION 4. That the form of said bonds
and coupons shall be substantially Us fol-
lows, to-wit: