The Holly chieftain., 1908-07-24
ORDINANCE No. IS

>'''0li iioh VI VI NdttI-
works for the town of Holly; to pro-
vide for the issue OF the negotiable
bonds OF said town to raise funds
therefor; and to provide for levy
oi tax for the payment of the prin-
cipal and interest thereof.
Whereas, majority of the duly
qualified electors of the town of Hol-
~. voting rpon the question at spe-
clal electiT for such purpose held i'll
said town. IN the 9th dav OF June A.
ID. 1908. tied in favor of the cree
ton and | obstruction of a system OF
waterwoR by said town, now there
fore.
Be 1t d'rdained by the Board of
Trustees of the Town of Holly:
Section /. That system of wa
terworks for fire and domestic pur-
poses be erected and constructed by
the Board of Trustees of the Town
OF Holly. of such capacity, extent.
and magnitude as to said Board may
seem necessary for the needs of the
inhabitants OF said town. said system
to be owned, managed and operated
~ the town.
Sec. 2. That suitable and neces
town bv purchase. donation. condem
nation or otherwise, for the proper
construction. operation and mainte
nance of said system of waterworks.
Sec g. That for the purpose OF
providing funds for the construction
;nd erection of such system of water
works, the. town shall issue its neso-
table coupon bonds in the aggregate
amount of Forty Thousand. (4o,oool
Dollars consisting of eighty t8o)
bonds in the denomination of Five
Hundred Dollars $500 each. payable
in gold coin of the United States OF
the present standard of weight and
fneness or the equivalent thereof;
and hearing interest from and after
the first day of July A. d. 1908, at
the rate of six per cent per annum,
payable semi-annually on the first
dag of January and July in each year,
and evidenced by coupons attached to
aid bonds. Said bonds shall be num-
hered in regular and consecutive or
der. commencing with. Number One:
and shall be payable in the order OF
their number at the pleasure OF the
Town Of Holly, at any time after tbs
be absolutely due and payable on the
first day Of July A. D. 1928; said
bonds and the coupons attached
thereto shall be payable at the bank
ing house OF Kountze Brothers in
the city of New York; said bonds
shall bear date the first day of July,
1908. shall be signed by the Mayor,
attested by the Town Clerk and Re.
corder under the official seal of said
Town, countersigned by the Town
Treasurer, and shall be recorded in
book to be kept by said Town Clerk
for that purpose; all coupons shall
bear the original or facsimile sigma
ture Of the Treasurer of said town.
Sec. 4. Said bonds shall be in sub
stantialiy the following form:
UNITED STATES OF AMERICA
STATE OF COLORADO
Town of Holly County of Prowers
$500 $500
Holly Water Bond.
The Town of Holly in the County
of Prowers and State of Colorado. ac-
knowledges it is indebted and prom.
ises to pay to bearer Five Hundred
Dollars $500 for value received, re-
deemable at the option of said town,
after ten years. and absolutely due
and payable fifteen years from the
date hereof, with interest thereon at
the rate of six per cent per annum'
PAYABLE semi-annually on the first day
of January and the first day of July
in each year, upon the presentation
and surrender of the annexed con-
pons as they severally become due,
both principal and interest payable at
the banking house of Kountze Broth
ers in the city of New York.
Both the principal of this bond and
the interest thereon are hereby made
payable in gold coin of the United
States of America OF the present
standard of weight and fineness.
This bond is one of series OF
bonds of like. date, tenor and denom-
nation. numbered from first to last.
issued by the Boah of Trustees OF
the Town of Holly for the purpose
of raising funds for the constructor,
of system of waterworks in SAID
town. under the authority OF and IN
full conformity with Chapter ClA
of the general statutes of COLORADO"
and all amendments thereto, and un-
der the authority of, and in full con.
formity with an Act of the General
Assembly of the State of Colorado,
entitled can Act concerning water
works, gas works and electric light
works in towns and cities, and to re-
peal all acts and parts OF acts in con
--.-'--.'-
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