The Ordway new era., 1907-03-22
Ordinance No. 81

An Ordinance Providing for the Con-
traction of an Indebtedness by the
Town of Crdway. Colorado, and
upon Credit thereof, by the Issuance
of its Negotiable coupon Bonds, fer
the Purpose increasing and Improv.
ing the supply of Waterf the said
Town and the Inhabitants thereof.
Be il Ordained by the Board of Trus-
tees of the Town of Ordway, Colo
Tado:
ssction 1. That the Town of Ordway issue
Its negotiable coupon bonds In tho sum Of
Forty Thousand Dollars tsIo.CO0Ocl for the
purpose OF Increasing and improvin. tho sup-
ply OF water for the said town and the inhab
itants thereof. and thereby contract an ind-Lt
edncss In said amount for said pufposs.
SEQ q. That said bonds consists OF (io)bonds
numbered from one to forty Inclusive. for the
sum OF One Thousand Dollars (si.nn1 COZ each.
bearing date April 18th. A. ID. 1907, be absolute.
" due aud payable fifteen years from date and
rcieemable at the option OF said Town after
ton years from said date. at tho office OF the
National d ank of New York. in the city and
state OF New Yo.k: saii bonds shall bear
interest at the rite Of six per centum t6 per
c,ntun,> per aanum, payable ssmiaunual!y on
tho 9Th day af October AMI tho tth day Of APP
I'll In each year until paid, at the OH Of tho
Town Treasurer Aforesaid, or ut tkc First Ma
tional Bank OF New York, in the city and state
OF New York. at the option of the holder OF the
coupons thereto attached.
Sec >. That said bonds shall be scaled with
the corporate seal Of said Town, be signed by
tho Mayor and attestcd by tho Clerk and Re-
corder Of said Town. Zach Of said bonds
shall have attached thereto thirty 1901 coupons
numbered from one ~ to thirty t3Ol iuolusi;c,
which represent n semi annual instailmcnt
of interest upon the bond TO which It is at
tached and securing payment Of the intcre st as
II acorucs. which said coupons shall bear n fac
Similic Of the signatuaturc OF the Mayor Of said
town and Of tho Clerk and Recorder thereof
and the number Of the bond to which the, are
attached. which fac. c.simile OF the signature of
the said officers shall be deemed and held to bc
Of the same binding force and effect us II signed
in writing BY said oiilcers. Said coupons when
80 made executed and delivered asa part of
said bonds, shall be the lawful obligations of
raid town, securing the payment Of the inter-
cat in TIE In the hands Of all persons to whom
they may como.
Sec 4. That tho form of said bonds and
coupons shall be substantially Rs follows to-
wit:
UNITED STATES OF AMERICA.
No.. $1,000
TOWN 0C nr3nwAv
Otero County, State of Colorado.
WATER BOND.
The Town of ordway, in til county
of Otero and the State of Colorado, for
value received, acknowledges itself
indebted and hereby promises to pay
to the bearer the sum of One Thous-
and Dollars lawful money of the Uni
ted States of America, on the Fourth
day of April, A D. 1922, at the office
of the Town Treasurer in said Town
OF Ordway, or at the First National
Bank of New York, in the city and
State of New York, at the option of
the holder, with interest thereon
at the rate of six per centum
per annum pay yablc semi-annually on
the fourth day of October and the 4th
day Of April at the Office of the Town
Treasurer aforesaid, or at the First
National Bank of New York. Ia this
City and state of New York, at the
option Of the holder upon prcsenta-
tien and surrender respectively of this
bend or Of the coupons annexed AZ
they ssverAlly become due. The said
Town however reaervea the right to
pay this bond st any time after the
4sursh dsy q April, a. p. 1917.
thl9 boAd - isspsd w the TaMu
Eaf nj M A Il pprpo1e IN IA ~,