The Monte Vista journal., 1909-11-13


of Monte Vista. on Account of Monte
Vista Sewer, District No l.
BE IT ORDAINED BY THE BOARD OF
TRUSTEES OF THE Town OF MONTE
VISTA:
Section |. That by virtue and in
pursuance OF an IAN Act to Provide for
the Construction Of Local improvements
in Cities Of all classes, etc. approved
April s, 1899, the same being Chapter
l5l of the Session Laws of Colorado OF
1899, and by virtue of preliminary
order made and pertaining to the form
alton of the said Sewer District, and by
virtue OF an ordinance passed and ap-
proved July 81, 1909, being Chapter
No. Us, of the said Town and by virtue
OF and pursuant to the acts and things
lawfully done by the officers of the said
Town, pursuant to the said law, and
pursuant to the said order and ordlp.
'ance OF the said Town, local improve
ment bonds of the Town shall be issued
for the purpose of paying for the local
improvements in said Ordinance No. lbs
provided TO be constructed in Monte
Vista Sewer District No. |, in an
amount not to exceed the whole cost of
said improvements, including Six per
cent. $50 additional for costs of inspec-
ton, collection and other incidentas,
and also including interest to the next
succeeding date when by the Laws of
The State, general taxes or the first in
stallment thereof are payable as in said
act provided, and in no event to exceed
the estimate OF costs made by the en-
gineer, pursuant to the said preliminary
order OF the Board of Trustees, which
said preliminary order was adopted by
the said Board on the 10th day Of June,
1903 and which said amount so esti-
mated, pursuant 10 said preliminary
order, and thereafter approved and
adopted by the said Board in the said
ordinance passed and approved, by the
said Board on the 9th day of July, 1909,
being Chapter No. lbs, was and is,
Twenty-Five Thousand Four Hundred
and Thirty Dollars and Seventy two
Cents tS22, i30.72).
Section ,. The Bonds shall be dated
November 90 1909; shall bear the name
OF the district improved shall be pay
able to the bearer Ten (lO) years from
the date thereof, but subject to call and
prior payment, rs in said act provided !:
shall be subscribed by the Mayor, at
tested by the Town Clerk and Recorder
and by the Seal Of the Town shall be
payable out OF the moneys collected on
account Of assessments made for SAID
Improvement; shall bear semi annual
interest at the rate of Six per cent. (Gg)
per annum, PAYABLE on the Goth day of
May and the 10th day Of November, at
the Banking House OF The German
American Trust Company of Denver,
\ l'nlnruIa nj the - ~ N,
Treasurer OF the Town of Monte Vista;
shall have Twenty COZ Coupons, at.
tested by facsimile of the signature of
the Town Clerk and Recorder, eyldenc.
ing such interest; shall be in denomin-
atoms OF Five Hundred Dollars $500 CO..
and One Hundred Dollars (slOO.OO), as
many OF each ms may be found conven.
lent and necessary; shall be numbered
consecutively from one % upwards.
The principal Of said Bond shall be
payable at the office Of the Town Treas
urer OF the Town OF Monte Vista, or at
the Banking House OF the said The
German American Trust Company, at
Denver, Colorado.
Section 3. The said Bonds shall be
issued from time 10 time by the Town
Treasurer upon the estimates and orders
OF the Mayor, but the Mayor and Board
OF Trustees may use the said Bonds at
par in payment for engineering and
other clerical expenses and cost Of in
spection, or the liayor with the approval
of the Board of Trustees, may sell, in
the manner provided IN the said act,
sufficient amount OF said Bonds at no,
less than par, to pay said bonds in cash
The Town Treasurer shall keep record
OF all expenses in suitable book, kept
for that purpose.
Section 4. That said Bonds and Cou.
pons shall be substantially in the follow
ing form:
UNITED STATES or AMERICA
STATE or COLORADO
Rio Grandc County
Town OF Monte Vista
Local Improvement Bond
Monte Vista Sewer District No.
The Town OF Monte Vista. in the
County 81 Rio Grandc in the State
Of Colorado, for value received, ne
knowledgcs itself 10 owe and hereby
promises 10 pay the bearer thereof the
sum ui s.....s............ DnlIafr'
in lawful money 81 the United States Of
America at the office 81 the Town Treas.
ur'I w wv Nhii IoNH on hH' -'tH uh.
81 November, 1919, subject TO call and
payment at any time prior thereto, as
provided in the act 81 the General As.
scmbly hereinafter mentioned, with
scmi.nnnual interest thereon from date
until paid nj the rate Of Six per cent.
tGsl per nnnum, payable semi annually
on the Goth day Of May and the 10th
day 81 November, at the Office 81 the
Town Treasurer aforesaid or at the
| Banking IIousn Of Tho German Anon.