The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1909-05-15

an Ot0aoo0eo EbovbQnuS b09 Su0 issuing
q Boads for the Purpose Of Construct.
ing Public Sewer.
WHEREAS, the Board Of Trustees Of the
Town OF Monte Vista, by an ordinance
duly passed and approved ON the Fourth
day Of March, 1863, the same being
Chapter 124 Of the ordinances OF said
Town, did submit to the vote Of such
qualified electors OF said Town, Is had.
during the year next preceding the
general election held on the Sixth day
Of April, 1909, paid property tax with
in the said Town, the question Of incur
ring an Indebtedness by issuing bonds
OF the said Town in a sum not exceed
ing Three per cent. $50 Of the assessed
valuation OF the property therein, exclu-
sive Of other outstanding Indebtedness,
for the construction Of public sewer,
and,
WHEREAS, at such election held on
the Sixth day Of April, 1909, the said
question was submitted ~ provided by
law, and OF the votes cast. there were
95 votes in favor OF mourning the said
Indebtedness, and 81 votes against in
curing the said indebtedness. and
WHEREAS, the assessed valuation Of
the taxable property within the corpor-
ate limits Of the said Town at the
assessment thereof, next preceding the
last assessment before the adoption Of
this ordinance, to-wit:
The assessment for the year Of
1907 was, after all additions thereto,
and all reductions therefrom by the
Board Of Equalization. Three Hun
dred and Ninety four Thousand. and
Twenty five Dollars toD4, O25.O)
Now Therefore. h i. Ordained By de
Beard Il Trustee q The Town a
Moats Vista:
SECTION l. That q public sewer be
constructed by the Board Of Trustees
Of the Town u Monte Vista for the use
and benefit II the citizens thereof, oe
such capacity, extent, and magnitude,
Is to said Board Of Trustees may
seem necessary for the needs OF the in
habitants Of the said Town, which said
public sewer shall be owned, managed
and operated by the said Town.
Section II. That the proper odicsrs
Of said Town shall procure by purchase,
condemnation or otherwise, such nscss.
sary rights Of way and outlets Tor sa,d
sewer ~ shall be found TO b required
10 the construction thereof
Section III. That for the purpose OF
providing funds for the construction Il
the said sewer, the Town shall issue it,
negotiable coupon bonds, 10 an aEgrs-
gate not exceeding the sum q Eleven
Thousand, Six Hundred Dollars tell..
10000 10 denominations Of One Hun.
dred Dollars 10000 or Of Five Hundred
lawful money OF the United States, and
k,na efVSO intAe~at ennuH tk~ 0R~~N AAv -
juno A. ID. 1909, ct the rate Of Five Per
cent. pr annum, payable semi annually
on the First day Of Dscsmbes and "a ths
First day Of juno d each year. and the
said interest shall b evideoced BY cou.
pons attached 70 the eaid boods.
The said bonds shall be uumbsrod 10
regular and consecutive order, commsoc
ing with No. One ~, and shall b pay.
able In order u their number. At the
pleasure Of the Town Of Monte Vista. ct
any time after Ton (iO) years from date
thereof, and shall b absolutely due and
payable Fifteen 00 Year, after their
date. Said bonds and COUPONS attached
thereto. shall be payable at the Fourth
National Bank n the City Of New York
The said bonds shall beer date q the
first day Of June, 1900. aud shall b.
signed nv the Mayor, and attseted By
the Town Recorder. and under the odi-
cial scal OF the Town. and shall b. 10.
corded 10 the book 70 be kept by him
Tor that purpose, and all coupons shall
bear the signature Of the Treasurer q
the said Town.
Section ". The said Bouds shall b.
substantially in the following Sosn:
UNITED STATES OF AMERICA
STATE OF COLORADO.
Town Of Monte Vista.
Rio Grands County.
e''..s.. No..
AoNfx VIsrA 6EwER BoHD.
The Town II Monte Vista, 10 Tie
County of Rio 0rande and the 6tats o.
Colorado. Acknowledges that Il y 10.
dsbssd and psomisss 2 pay ths esssse
money d the Uuitsd States a America,
Tor value receivsd, ro6eenable q the
option d said Town aftss Tbu (lO yesss,
aod absolutely due and payabte kttsose
yssss Srom date hsesal, Nth iD1oeoa q
The rate q Five Pr cent. poe sanuo,
payable ssni.aunuslly, % u Nf1( ~
q Juns ed ~ First day q Deaoobce
Of each yeas. upoa the eursoo1es q ~
several ceupooe = thsy ssvseally -
oe0s due. hooh islssooS ed peioelool
payahjs q ~ Fousth Nationaj Henk a
Fshe City q New Yesls.
This 8nad b 90 n . ssriss a boods
a like date AID teaos. cd nunhseed
from hrst b last. aad Issued b ths
Board a Trustees a the Tbwa a Anats
Vista. los the puspnss d raisiAG fu1dn
fOR the crnatS0rA&on - \ s,aah.1En s.s~>.