La Junta tribune., 1907-05-04
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0U) dollars to be dcnominated Park
Improvement Bonds" and To provide
for the payment OF the principal there
of and the interest thereon.
Be IL ordained by the city council OF
the city of La Junta, Colorado:
Whereas majority OF the duly
qualined electors of the city OF La
Junta voting AT AN election In said city.
held on the second day OF April A. d.
1907 voted in favor OF authorizing the
city council OF the city of La Junta u
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. in the aggregate
amount OF ten thousand t$l0,000.0OJ
dollars, to bear date the first day OF
May A.. ID. 1907. payable at the option
OF the city after ten years from the
date thereof. and absolutely due and
payable fifteen years from the date
thereof. bearing interest at the rate
uf five per cent per annum, payable
and
Whereas by "A resolution of the coun-
ell OF said city of La Junta. duly
adopted and approved at regular
meeting thereof. on the fifteenth day
of April 1907. the result OF said cleo
tion Was duly declared as authorizing
The city council OF said city OF La
Juntu to contract said Indebtedness
and issue said bonds az aforesaid.
Now therefore be 1t ordained by the
city council of the city of La 'Junta.
Colorado:
Section l. That for the purpose OF
providing funds for the Improvement
"f public parks in tn" city of La Junta
and belonging to said city. the city
OF La Junta shall issue its negotiable
coupon bonds In the aggregate amount
of ten thousand ($l0.0OO.00) dollars.
consisting of ten bonds In the denomi-
nation OF one thousand tl,0OO.0O)
dollars each. payable in lawful money
of the United States dated 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 semi
annually on the first day of November
and May in each year. said interest to
be evidenced by coupons attached 20
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 Kountzc Brothers In the city of
New York. The bonds shall be signed
by the inc;'C-. attestcd by the city
tItfk utitT sEtf NtII Vi tii' wy .
and recordo. in II book to be by him
kept for said purpose. All interest
coupons shall bear The original or fac
Rimiie signature of the treasurer of
said city
Section =. Srr. bonds shall be in
substau.Ielly the following form:
UNITED STATES OF AMERICA.
STATE OF COLORADO.
No. ... $1,000 90
LA JuNTA PARK IMPROVEMENT
BOND.
The city of La Junta in the county
of OteTo and state of Colorado, aC-
knowledges itself indebted. and prom
ises to pay to bearer. one thousand
tsI 600. .00) dollars in lawful money OF
the United States of America, for val
ue received. redeemable mt the OPP
ton OF the said city after ten years,
and absolutely due and payable fifteen
years from the date hereof, with inter-
est thereon Mt the rate of five per cent
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 KountZc Brothers in the
city OF New York
This bond Is one of 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
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 to amend sub division
six of section II Of Chapter CIN of
the general statutes of Colorado. ap-
nd iSS. In
sub divisions fifty first and fifty third
OF section IA OF chapter CIS OF the
general statutes Of Colorado approved
April sixth 1891, and under the au-
thOrity of vote OF such duly quail
fled electors OF said city OF LaJunta a.s
in the year next preceding said ele.-
t1on 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 IL is hereby certified and recitsd
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 I-aJunta. includ-
ing this bond. exceeds neither the
statutory nor the constitutional li!ni-
tations of the state OF Colorado. II Is
further recited that provision has
been made for the levy ana collection
of an annual tax sufficient to pay the
annual interest on this bond. and ex-
tinguish the principal thereof within
the time limited for the debt to run.
The faith and credit of the city of
LaJunta are hereby pledged for tn"
punctual payment of the principal ana
interest of this bond.
In Testimony Whereof the city of
LaJunta has caused this bond To be