The Julesburg grit-advocate., 1908-02-28
Ordinance No, 78.


burg to raise funds for the purpose of
paying for the erection and construc-
ton of system of water-works, own
ed, managed and operated by the
town, for fire and domestic purposes:
and to provide for the payment of the
principal and interest thereof.
Whereas, u majority of the du-
ly qualified electors of the Town of
Julesburg, at a special election in
said town, on the 4th day of February,
a. ID. 1907, voted in favor of the erec-
tion and construction of a system of
water-works for fire and domestic pur-
poses, to be owned. managed and op-
Grated by the town: and
Whereas, a system OF water
works for fire and domestic purposes
has been erected and constructed in
nance No. 10, of said town, entitled
San Ordinance to Provide for the
Construction of System of Water
works for the Town of Julesburg: to
provide for the issuance of the nego-
table coupon bonds of said town to
raise funds therefor, and to provide
for the payment of principal and in
terest thereof" passed and approved
town has issued and sold its negotia
sum of S31 10000 in thirty seven bonds
numbered consecutively from One (D
bonds being dated the first day of
March, A. D. 1907, and payable at
the pleasure of said town at any time
ITO, of a
1917, and absolutely due and payable
on the first day of March. A. D. 1922,
and bearing interest from and after
March Ist, 1907, at the rate of five and
one-half per cent. per annum, payable
semi-annually on the first days of
March and September in each year,
as evidenced by coupons attached to
said bonds, and which system of
water-works is now being owned,
managed by the town, and
Whereas, the actual cost of
erection and construction OF said sys-
tenn of water-works exceeds the amount
realized from the sale of the bonds so
issued therefor, and large balance
for the cost of erection and construc-
ton of said system OF water-works
still remains unpaid, and it is neces-
sary to make provision for the pay
ment of said unpaid balance by issu-
ing the negotiable coupon bonds of
the town therefor, therefore
BE 1t Ordained by the Board of
Trustees of the Town of Julesburg, as
follows:
Section l. That for the pur-
pose of providing funds for the com
pletion of the payment of the cost OF
the erection and construction OF a SyS-
TEN of water works for the Town of
Julesburg, for fire and domestic pur-
poses, as authorized and constructed
under the provisions of Ordinance No.
20, of said Town of Julesburg, and
entitled "An Ordinance to Provide
for the Construction of a System of
Water-works for the Town of Jules
burg; to provide for the issuance OF
the negotiable coupon bonds of said
town to raise funds therefor, and to
provide for the payment of principal
and interest thereof passed and ap-
proved February 18th, 1907, the Town
of Julesburg shall issue its negotiable
coupon ponds in the aggregate not to
exceed Eighteen Thousand Dollars
SIS, ,0OO.00l, consisting of eighteen
bonds in the denomination of One
Thousand Dollars each, payable in
lawful money of the United States.
and bearing interest from and after
the first day of March, a. ID. 1908, at
the rate of six per cent per annun
payable semi-annually on the first day
of March, and the first day of Sep
tember in each year, and evidenced by
coupons attached to said bonds
Said bonds shall be numbered in reg
ular and consecutive order, commenc-
ing with number One, and shall be
payable in the order of their number
at the pleasure of the Town Of Jules
burg, at any time after the first day of
| March, A. ID. 1918, and shall be abso-
| iutely due and payable on the first
day of March. A D. 1898 Said
bonds and coupons attrched thereto
shall be payable at the banking house
of kountze brothers in the City of
New York; said bonds shall bear date
of March first. a. d 1908: they shall
be signed by the Mayor, attested by
the Town Clerk and Recorder under
the Official sall OF said town, and re-
corded in Wok to be kept by him
for the purpose: all coupons shall
bear the original or fac simie sigma
ture of the treasurer of said town.
Section II. Said bonds shall
be known and designated as Jules.
burg Water Bonds, Series b. and
shall be in substantially the following
form:
Form of Bond
United States of America.