Cañon City record., 1907-08-22

Section l. That the interest accruing on
such bonds. and payable IN the year 1908, shall
the funds and revenues from the water works
system and for the purpose OF reimbursing
said funds there shall be and nd there is hereby
property in said city. in addition to all other
city taxes, q direct tax sufficient to produce
the sum to be reimbursed
And in order to raise the necessary funds
with which to pay the interest on said bonds
subsequent to the year 1903. promptly as the
of said bonds at their maturity. there shall be
and is hereby levied on all of the taxable
property in said town in addition to all other
city taxes. the following annual tax, to wit:
For the year 1903 a tax sufficient to produce
the sum Of S1s,0O; being for interest
For the year 1909 tax sufficient to produce
the sum of $4,000; being for interest
For the year 1910 tax sufficient to produce
the sum of $ls.0oO; being for interest.
For the year 1911 a tax suf8cient to produce
the sum OF tls,oCO; being for interest.
For the year 1912 a tax sufficient to produce
the sum Of $500; being $500 for Interest
and $2o.Ooo for principal.
For the year IBIS tax sufficient to produce
the sum of SIS 600: being sls.0Oo for Interest
and $4,000 for principal.
For the year 1914 tax sufficient to produce
the sum of S3s,ooo; being $4,000 for interest
and $4,000 for principal
For the year 1915 tax sufficient to produce
the sum of $500; being $ls.ovo for interest
and S2O,Uo for principal
For the year 1915 a tax Sufficient to produce
the sum of $ssOco: being s1s,oco for interest
and 81. 90 for principal.
For the year 1917 tax sufficient to produce
the sum of SIs.OH; being $4,000 for Interest
and 800 . for principal.
For the year 1918 . tax saficient to produce
the sum Of $IStU': being $lS-UD for interest
and ssI.su for principsl.
For the year 1919 a tax sufficient to produce
tht sum OF t7s.Uu; being $500 for Interest
and s6l.uOU for principal.
For the year 1890 a tax sufficient to produce
and 100000 for principal.
For the year 1921 q tax sufficient to produce
the sum of SIS 900: being S1s,oOo interest and
s6o.OO for principal.
dered and directed. that the earnings of the
water works system of said city over and
above the costs of operating. maintaining
bond fund herein created. to be applied
toward the payment of the interest on and
principal OF the bonds Aforesaid
And provided also. that If the full amount of
said bonds shall not be required to be issued,
or II the city shall redeem any of said bonds
before their da te of absolute ma turity. under
the option reserved to it in said bonds; and in
case of the payment in any one year into said
works system OF said city as herein above
stated; then and in either of said events the
tax levy herein bove provided for, may, for
the next succeeding year be reduc ed so as to
raise only such an amount as may be neces-
sary to meet the payment of the interest on
such bonds as may be then outstanding. when
and as the same accrueS, together with the
sum necessary to extinguish the principal of
such bonds as have been issued and AS may be
outstanding.
Section s.. The sums herein provided for to
meet the interest on said bonds. and to
discharge the principal thereof when due are
hereby appropriated for that purpose, and
said amount for each year shall be included in
the annual appropriation bills passed by the
city council of said city in each Of said years
respectively.
Section s. The annual taxes above specified
shal! in each Of the years, 1915 to 1aaa both in
elusive. be placed upon the tax rolls of said
city and shall be collected in the same man.
ner and at the same time and by the same
officers As the taxes for general city PURPOSES
in each year are collected. And when collect.
ed said tax shall be set apart irrevocably as 3
separate fund. to be designst ted as the water
works lao' bond tax fund" for the paymen, Of