The Julesburg grit-advocate., 1908-02-28

On the ......... day of ................
The Town of Julesburg in the County
of Sedgwick, State Of Colorado, will
pay the bearer Thirty Dollars $4,000
at the banking house of Kountze
Brothers, in the City of New York,
being six months interest on Jules
burg Water Bond (Series "B') No.
Section III. That said bonds,
or such portions thereof as may be
necessary, shall be sold as soon af-
ter their issue as practicable, and de-
livered by the town treasurer to the
purchaser thereof, and the proceeds
thereof shall be used for the purpose
of paying the cost Of the erection and
construction of a system of water
works to supply said town with water
for fire and domestic purposes.
Section w. Whenever sal d
Town of Julesburg shall elect to pay
of said bonds after March lst, A. d.
1885,, and before the same are abso-
lutely due according to the terms
thereof, the clerk and recorder
of said town shall cause to be pub
lishcd for at least four successive
weeks in a newspaper published in
the Town of Julesburg, and also in the
Commercial and Financial Chronicle
of the City of New York, notice
specifying the number or numbers of
the bonds proposed to be called in
and paid, and the date of such pro-
posed payment, and the interest on
such bonds so called shall cease sixty
days after the first publication of such
notice, and the bonds SO called in,
upon their surrender, shall be paid by
said town. and when paid, together
with the unmatured coupons, shall be
destroyed.
Section V. Said water-wu k S
shall be owned, managed and operat-
ed by the town, and all water taxes.
rents and rates for water furnished
and used therefrom shall be collected
directly by said town. in such manner
as shall be provided by ordinance,
the proceeds of such taxes, rents and
rates, together with all income there
from, including the plumbing and tap
ping of mains and laying and con-
Meeting supply pipes thereto, shall be
used, First, to defray the running eX-
penses, and for the maintenance and
repair of said water-works: second.
for extending the mains thereof and
making improvements and additions
thereto: third, any balance remaining
over shall be used as follows: Ia for
the the payment of principal and in
t"rest of water-works bond issue of
said town dated March lst. a. d
1907: b) for the payment of the princi-
pal and interest of water-works bond
issue herein provided for.
Section vi. The ard o f
trustees of the Town of JuleSburg
shall annually levy, or cause to be
levied, and shall devote to the pay-
ment of the interest of this bonded
debt, a tax upon all taxable property
within the corporete limits of the said
Town of Julesburg, sufficient to pay
the semi-annual interest on all of said
bonds outstanding, or so much as may
be necessary, If any, after the income
from said water-workS shall have
been used, as provided herein for that
purpose: and after ten years from the
first day OF March, A. D. 1908. there
shall be annually levied upon all tax
able property within the corporate
limits of said Town of Julesburg such
tax as shall create yearly fund
equal to twenty per cent. of the whole
amount OF such bonds issued and out
standing, if any shall be necessary,
after using said fund from the income
accumulated from said water-works,
which shall be called the "Redemp-
ton fund: and all taxes for interest
on said bonds shall be paid in cash
only. and shall be kept by the town
treasurer as a special fund, and shall
be used in payment of interest on said
bonds, and for the redemption of said
bonds only, and such taxes shall be
levied and collected as other taxes.
Section VII. The tapping of
mains for the purpose of attachinp