The daily sentinel., 1909-02-26


troduced and ordered published by the
| city Council Of Grand junction. Colo
JOHN NJ coNLEY.
Ordinance No.- of 1909.
An ordinance submitting the question
OF issuing refunding bonds of the
city of Grand Junction to the vote OF
the voters OF said city possessing the
necessary qualifica tions OF an elector
as provided by law and who have
paid tax upon property assessed to
him or to her for the year immediate
~ proceeding such election.
WHEREAS. The city Of Grand juno
tion. did on the 1st day OF May. A. ID.
1897. issue its bonds in the sum OF
pursuant to ordinance regularly passed
A d 1897. said bonds being redeemnblc
in ten years and absolutely due and
payable in fifteen years from the date
OF issuance. and bearing interest at the
rate OF six per cent per annum. and
WHEREAS. said bonds have become
payable at the option of said city and
there are no funds in the treasury OF
said City available FOR the redemption
of such bonds. and
City deem 1t necessary to issue refund
ing bonds for the purpose OF raising
funds. funds for The REDEMPTION of the sais
NOW. THEREFORE, in order to as
said city. who are tax payers under
the law, win approve the refundiug OF
BE II oRDKINED" " BY " % THE THE CITY
1 COUNCIL OF THE CITY OF GRAND
! JUNCTION. j GOIORADOs
Section /. That pursuant to Chapter
| 1903 OF the session laws OF 1901 there be
and hereby is submitted to the vote OF
the voters of the city of Grand June
I ton who possess the necessary quail
fications of electors as provided by law
and who have paid a tax upon property
/ assessed to them in such city for the
year Immediately proceeding such elec.
/ tion for determination At the General
| city Election held in said city on the
/ 9th day OF April. a. ID. 1909, the follow
"Win the voters of the city of Grand
junction, who possess the necessary
qualifications of an elector. as provided
] by law and who have paid tax upon
property assessed to them in such city
| FOR the year Immediately preceding
/ the city Indebtedness in the amount OF
| SiXty-five Thousand Dollars. and the
| hereof be in the affirmative are TO be
raised by the issuance OF refunding
/ bonds of said City"
Sec .. That for the purpose of tax
ing vote upon said question, IL shall
electors of said city on April G. 1908
who have paid a tax upon property
ately preceding the said election
! Sec. 3. The City Clerk shall cause to
/ be printed a notice of such election in
precinct in this City for ut least fifteen
! days preceding the said election and
shall also publish in The Daily Sentinel
! o. said City for a period Of at least ten
days immediately preceding said cleo
| tion a notice that such question will be
! submitted to the duly qualified voters
Sec, 4. All persons voting on said
| question shall vote by separate ballot
| For refunding city Indebtedness" or
as the Guy may be. such ballot TO be
deposited in a separate ballot box pro
Vided by said city for that purpose.
and no person shall vote on said ques
t,on uniess his or her name shall appear
upon 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.
sec ,, II upon canvassinE the vote
which shall pe canVassed in the same
GERS, 1t shall appear that a ma tority OF
all the votes cast are for refunding City
indebtedness. then tue city Council
shall be authorized to issue refundinIs
bonds in the name of the city of Grand
Junction Colorado. Such refunding
bonds shall be payable at the option of
said CITY ten years a4lcr date, and
absolutely due and payable twenty
years aTter ate and shall be of the
denomination of One Thousand Dollars
such denominations as circumstances
Sec. g.. The interest on such refund
ing bonds shall be payable semi
annually at the rate of per cent per
! annum, which Is not In excess of tho
rate specified the bonds to be re
tunded. ana the principal shall be pay
anie at the office of the Treasurer of
| tie Sity, and the semi-annual interest
shall be payable at the office OF tho
city of New York al the option of the
holder of such bonds
Ihis ordinance to be in force from
and after its passage.
Passed and adopted this-----
day OF -----------A ID. 1909.