La Junta tribune., 1907-05-11
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An ordinance to provide for the is
suance by the City OF La Junta OF !ts
negotiable coupon bonds in the aggre-
gate amount OF ten thousand $4,000
0o dollars 10 be denominatei 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 IA majority OF the duly
qualified electors of the city of la
Junta voting at an election in said city.
held on the second day OF April A. ID.
1907. voted in favor OF authorizing the
city council OF the city OF lAl Juntn 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. In the aggregate
amount of ten thousand (Sl0,O00.00J
dollars. to bear date the first day OF
May A. ID. 1907. payable ut 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 ra;e
OF five per cent per annum. payable
semi annually: and
Whereas by IA 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 VAS duly declared as authorizing
the city council of said city of La
JuntH to contract said Indebtedness
and issue said bonds as aforesaid.
Now therefore be II ordained by the
city council of the city of La Junta.
Colorado:
Section /. That for the purpose Of
providing funds for the Improvement
of public parks in the city OF La Junta
md belonging To said city. the city
of Lit Junta shall issue its negotiable
coupon bonds in the aggregate amount
OF ten thousand t10.00o.0o) dollars.
consisting OF ten bonds In the denomi-
nation Of one thousand (S1,000.00)
dollars each, payable In lawful money
Of the United States. dated the first
day of May a. d. 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 nf
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 to
said bonds. Said bonds shall be num-
bered in regular and consecutive or
der. commencing with number one. and
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. uttested by the city
clerk under the official seal OF the city.
ana recorded In n book To be by him
kept for said purpose. All interest
coupons shall bear the original or fac
similie signature OF the treasurer OF
said city.
Section .. said bonds shall be in
substantially the following form:
UNITED STATES OF AMERICA.
STATE OF COLORADO.
No. . $1,000 90
La JUNTA PARK IMPROVEMENT
BOND.
The city of La Junta In the county
Of ptero and state of Colorado. ac-
knowIedges Itself indebted. and prom
tses to pay to bearer. one thousand
($l. .01O.O0) dollars In lawful money Of
the United States OF America. for val
ue received redeemable at the OPP
tion Of the said city after ten years.
and absolutely due and payable fifteen
years from the date hereof. with inter-
sd thereon ut 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 kountZe 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-
s.H rI l,, frl
act OF the general assembly Of the
state of Colorado. entitled IAN act to
amend an act to amend sub division
six of section II of Chapter CIX Of
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 vote of such duly quali-
fled electors of said city of LaJunta as
in the year next proceeding said elec-
lion. had paid 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. d. 1907.
and II Is hereby certified and 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 1t IL 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
nave happened. been properly done and
performed. and do exist In regular and
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. 1t Us
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. and ex-
tinguish the principal thereof WITHIN
r.~ ha Inh