Rocky Ford enterprise., 1906-06-15

City or any of its officers.
Section I. That the interest falling
due on said bonds on December 8.
1906. shall be paid out OF the General
Fund of said City and for the purpose
OF reimbursing said General Fund for
said one-half years interest and TO
meet the interest accruing on said
bonds In the year 1907 there shall be
and there IL hereby levied for the year
1906 on all Of the taxable property In
taxes a direct annual tax suilicient 10
produce the sum Of 8eventy-Ftvs
Hundred Dollars: that In order TO
raise the necessary funds with which
to pay the interest on said bonds At.
ter the year 1907 promptly when and
as the same accrues and to extinguish
tho principal OF said bonds at their
maturity. there shall be and there 10
hereby levied on all OF the taxable
property In said City In addition TO all
other taxes the following direct annual
tag. to-wit:
For the year 1907 tax sumeient to
produce the sum Of $4,000 for inter.
est.
For tho year 1908 tax susicient to
produce the sum of $4,000 for inter.
est.
For the year 100, a tax sufacient to
produce the sum Of $1,000 for inter.
est.
For the year 1910 a tag sufncient to
produce the sum Of $1,000 for Inter.
est.
For the year 1911 a tax sufseien, to
produce the sum OF $1,000 for inter.
est.
For the year 1911. a tax sufheiens 10
produce the sum OF $1,000 for inter-
est. =
For the year isi, a tax suffieient to
produce the sum OF $4,000 for inter.
est.
For tn" year 1914 a tax sufneisns to
produce the sum OF 5000 for inter.
est
For the year 1915 a tax susileiens to
produce the sum Of $4,000 for inter.
est.
For the year 1915 n tax sufsiciens to
produce tho sum OF $4,000. bein. s..
900 for interest and $4,000 for psin-
cipai.
For the year 1917 a tax auf,cIent TO
900 for interest and $4,000 for prin.
cipai.
For tho year 1918 a snx musY,cient to
produce the sum OF S:s 900. being S5.-
900 for interest and $4,000 for psin.
cipal.
For tho year 1919 a tax suffieisn, to
produce the sum Of $4,000. bein. 3S.-
cipai.
For tho year 1890 a tax sufsicicn, TO
produce tho sum OF $4,000. being 95.-
900 for interest and $4,000 for prin.
cipai.
PROVIDING. HOWEVER. and Il IL
hereby so ordered and directed that tho
earnings from tho water works system
OF said City over and above tho cost
OF opcratin. and maintaining and I'm.
proving tho Hnfne shall be placed In
tho bond fund herein created to be
applied to the payment of tho In.
hr nPInHinnt nf thu
bonds aforesaid and provided also that
In case OF tho payment in any ono
year into said bond fund OF any OF tho
net revenues OF tho water works sys.
TEN OF said City ns hcreinabovo
stated. then and In that event tho tax
levy hercinabove provided for may
for tho next succeeding year ba re.
duccd no as to rnisc only such m
amount as may be necessary to meet
the interest on such bonds when and as
tho same nccrucs together with tho sum
herein provided for necessary to cx-
tinsuish tho principal OF said bonds as
maturity and tho sums hcrcinabovo
provided for to meet the Interest on
said bonds and to discharge the prin-
cipal thereof when due are hereby np.
propriatcd for that purpose and said
amount for each year shall be includ-
cd In the annual appropriation bills
passed by the City Council of said :,
City In each of said years respectively,
The annual taxes hcrcinnbovc specS
ified shall for each OF the years 1903
TO 1920. both Inclusive. be placed up-i
on the tax rolls OF said City md shall
be collected In the same manner md
Mt the same time and by the same ON.
GERS rs tho taxes for general city pur-
poses In such ycnr are collected. and
when collected said bond taxes shall be
set apart irrevocably rs n separate
fund to be designated as tho water
Works 1906 Bond Tax Fund" for and
shall be applied to the payment of the
interest on and principal OF said bonds
as the same respectively fall due. II
shall be the duty of the City Council
Of said City to do all Acts and things
required to fully carry out the provis-
ions of this section.
Section s. That this Ordinance
shall be irrepenlabie until the in.
dcbtedness. both principal and inter-
est herein provided for. shall be fully
paid. satisfied and discharged.
Section 6. That this Ordinance
shall take effect and be In force five
days after Its passage. approval and
publication as provided by law.
Passed by the City Council this ilth day OF
June 1905. y,
Authentic: ROBERT N. POLLOCK,
Attest:
E. L. McKELvEY. :.
CitysClerk