La Junta tribune., 1907-04-20
Proposed ors,"snes No. .7s.

Ill An ordnance To provide Tor tne fS-
suance by the City of La Junta of It's
negotiable coupon bonds I'm the aggre-
gate amount OF ten thousand $lO.00o.-
II 00) dollars to be denominated Park
Improvement Bonds:" and to provide
for the payment OF the principal there
OF and the interest thereon.
/ Be 1t ordained by the city council of
the city OF La Junta, Colorado:
Whereas "A majority of the duly
qualified electors of the city OF Ii
| Junta voting at an election in said city.
held ON the second day of April A. ID.
| 1907. voted I'm favor OF authorizing the
city council OF the city OF La Junta To
| contract an Indebtedness on behalf of
the city and upon the credit thereof,
| by issuing the negotiable coupon bonds
| OF the city for the purpose OF improve
ment OF public parks. I'm the aggregate
| amount OF ten thousand ($lO.000.00)
| dollars. To bear date the first day OF
May A. ID. 1907. payable at the option
| of the city after ten years from the
date thereof. and absolutely due and
payable fifteen years from the date
! thereof, bearing interest at the rate
| OF five per cent per annum. payable
4 semi -annually. and
| Whereas by resolution of the coun-
! ell OF said city of La Junta. duly
I adopted and approved at regular
meeting thereof, the fifteenth day
/ Of April 1907. the result of said cleo
J tion was duly declared as authorizing
| the city council of said city of La
/ Junta to contract said Indebtedness
and issue said bonds as aforesaid.
Now therefore be it ordained by the
| city council of the city of La Junta.
! Colorado:
/ Section l. That for the purpose OF
| providing funds for the improvement
Of public parks in the city of La Junta
and belonging To said city. the city
| OF La Junta shall issue its negutiab BILE
coupon bonds IN the aggregate amount
Of ten thousand CslooooOD dollars,
consisting of ten bonds In the denomi
L nation of one thousand Isi,0000o)
dollars each, payable In lawful money
Of the United States dated the first
day of May \. d. 1907. payable at the
\ option OF the city after ten years from
the date thereof, aud absolutely due
aud payable fifteen years from the date
thereof, bearing interest at the rate Of
hve per cent per annum. payable semi
annually ON the first day of November
and May In each year, said interest to
be evidenced by coupons attached to
said bonds. Said bonds shall be num-
bered in regular and consecutive or
der, commencing with number one and
shall be payable in the order OF their
number. The principal and interest
shall be payable at the banking house
of kountze Brothers in the city OF
New York. The bonds shall be signed
by the mayor. attested by the city
clerk under the official seal Of the city.
and recorded In book To be by him
Kept for said purpose. All interest
coupons shall bear the original or fac
similie signature OF the tr.:vdrer of
said city.
Section .. Said bonds shall be In
substantially the following form:
UNITED STATES OF AMERICA
STATE OF COLORADO
No. ....... 81 900 90
LA JUNTA PARK IMPROVEMENT
BOND.
The city OF La Junta in the county
or otero and state of Colorado. ac-
knowledges itself Indebted and prom
ises to pay To bearer. one thousand
(Sl.OOO.oO) dollars In lawful money of
the United States of America for val
ne received redeenable ut the op-
tion OF the said city after ten years
and absolutely due and payable fftecr
years from the date hereof with inter
est thereon at the rate OF five per cen,
per annum. payable semiannually on
the first day Of November and May IN
each year. upon the presentation and
surrender of the annexed coupons as
they severally become due. both prin-
cipal and interest payable at the bank :
ing house of kountze Brothers In the
city of New York.
This bond is one OF n series OF
bonds of like date. tenor. and denom-
nation. numbered from first to last
issued by the city council of the city
of LaJunta. for the purpose of raising
| funds for the Improvement of public
4 parks In said city. under the authori-
/ ty OF and In full conformity with an
act of the general assembly Of the
state of Colorado. entitled An act to
amend an act 10 amend sub divisior
six of section IA Of Chapter OK pf
the general statutes Of Colorado APP
(, proved March End. 1887. and to amend
sub-divisions fifty first and fifty third
OF section IA of chapter cIX Of the
| general statutes Of Colorado" approved
| April sixth 1891. and under the au-
! thority OF n vote Of such duly quail
fled electors of said city OF LaJunta az
In the year next proceeding said elec-
ton, had paid "A property tax upon
| property In said city at the general
| election for municipal officers duly
| called and legally held in said city ON
| the second day of April A. ID. 1907
| and II is hereby certified ana recitad
| that the terms and conditions OF said
law have been fully complied with by
the authorities concerned IN the issue
| of this bond.
| And II is hereby further certified
| and recited that all acts and things
| required to be done. and conditions
/ and things required to exist. pursu-
ant to and in the issuing of this bond
| to render the same lawful and valid,
/ have happened. been properly done and
| performed. and do exist in regular ana
due form. time and manner as required
| by law. and that the total indebted
/ ness of said city OF LaJunta. includ-
| Ing this bond. exceeds neither the
statutory nor the constitutional limi-
| tations Of the state OF Colorado. II IL
further recited that provision has
! been made for the levy and collection
of an annual tax sufficient to pay the
annual interest on this bond aud ex-
tinguish the principal thereof within
| the time limited for the debt to run.
The faith and credit OF the city Of