The daily sentinel., 1909-03-06

CITY Clerk.
Ordinance No. of IDOo
An ordinance submitting the question
Of issuing refunding bonds of the
city of Grand Junction to the vote of
abe voters of said City possessing the
necessary qualifications of an eIector
paid a tax upon property assessed to
aim or to her for the year Immediate
1y preceding such election.
WHEREAS. The City of Grand juno
non, did on the 1st day of May. A. ID.
sssI t Sg1ds n s6e Of
pursuant to ordinance regularly passed
and adopted on the 2ith day of April.
sn ten years and absolutely due and
payable in fifteen years from the date
T2le of six per cent per annum. and
WHEREAS. said bonds have become
said city availabie for the redemption
WHEREAS. the city Council of said
sfty deem IL necessary to issue refund
funds for the redemption of the said
bonds payable as aforesaid.
certain whether or not the voters of the
said City. who are tax payers under
said bonds payable as aforesaid.
RE IT oRpAIMED RI ,rSIEl Ty HY GIl TEE ~. CITY TX
JUNCTION. COLORADO;
Section /. That pursuant to Chapter
100 of the session laws of 1901 there be
aud hereby is submitted to the vote of
ehe voters of the city of Grand June
GiOn who possess the necessary quail
1eations of electors provided by law
and who have paid a tax upon property
year Immediately preceding such cleo
zion for determination at the General
city Election held in said City on the
sth day of April, A. ID. 1909. the follow
s.wiii the voters of the city of Grand
s1niifications sc of pn1,sii an eiector. as provided
by law and who have paid tax upon
property assessed to them in such city
for the year Immediately preceding
such election approve the refunding OF
sixty five Thousand Dollars and the
funds for which redemption II the vote
rsised by the issuance of refunding
Sec. 2. That for the purpose of talk,
eiectors OF said city on April 6. 1908.
Who have paid a tax upon property
assessed to them for the year immedi-
atsiy The eIsrL s,d eleetion Ss ause
oe printed a notice of such election in
sescne n ths ctS qSs for at at east f9teeS
days preceding the said election and
shall also publish in The Daily Sentinel mel
ssays Immediately preceding said eeiec-
zion notice that such question VIII be
Submitted to the duly qualified voters
sec 4 Hii persons voting on said
ancstion shall vote by separate ballot
.'For refundinB. city indebtedness or
Against rofunding city indebtedness
deposited in a separate ballot box pro-
vided by SAID city for that purpose.
and no person shah vote on said ques-
laon unless his or her name shall appear
uDon the certified list OF tax payers OF
said city furnished to the Judges OF
election in each precinct by the treas
urer OF Mesa County, Colorado.
See s. If upon canvassing the vote
which shall ue canVassed in the same
raanner as the vote for the city orr .
scrs IL shall appear that a majority OF
indebtedness. then thc city Councll
snail be authorized to issue refunding
bonds in the name of the city OF Grand
junction Colorado Such retundlnS
bonds shall be payable at the option OF
s.aia CITY ten years a.tcr date. and
abgo.uteIv due and payable twenty
wears after -ate and shall be OF tne
sSenoni ma tion of one Thousand poiiars Don r.
,-r F'iVe Hundred Dollars or either OF
such denominations as circumstances
Sec a. The interest on such refund,
ing bonds shall be paNabie semi MI
annually at the rate OF per cent psr
,.Hnurn which is not in excess OF the
rate specified IN the bonds to be re-
rnnfed ana the principal shall be pay
anle al the office of the Treasurer OF oi
mall he payable at the office OF the
Ssifv rreasur or at some place IN tne
S~itv OF New York at the option or the
holder OF such bonds. -
-l'hfx ordinance to be IN force from
aud after its passage,
Passed and adopted this ,ooo
Attest; Mayor