La Junta tribune., 1909-09-18

I WAFER
/ yors, reservoir sites and
property owned by The La
guna Canal Company and
used In connection with its
/ irrigation system in Otero
county. Colorado. o.. =. si3j. .oo0
To purchase the water rights
/ heretofore sold by The La.
guna Canal Company .. 1866 600
I To purchase and develop the
Dye reservoir. o.. g.. =. 81 .ooo
To develop and Increase the
capacity OF reservoir No.
belonging to said system. s2i 900
To enlarge the Lake canal $4,000
I To pay the first years In
/ terest on said bonds. =. $4,000
/ That II was further determined by
/ the said Board that II Will be nee
essary to issue the bonds OF the said
district In the amount OF Six Humid
red. Fifty Thousand Dollars. as men
tioHtu hUp'fs III oIu'I W idis' tH'
said money for said purposes, and
that the said bonds shall be issued
In accordance with the provisions OF
the statutes under which the said
district was organized. and to run
for period OF twenty t20l years, as
specified In said statutes. and TO con.
sist OF one thousand bonds OF five
hundred (S5Ool dollars each. and OF
fifteen hundred bonds OF one hundred
Ni00, dollars each. and that said
bonds shall be payable in lawful
money OF the United States. In series
as follows, to.wit: At the expiration
OF eleven years. no, less than five
per cent OF the whole amount and
number OF said bonds. at the eHpira-
ton Of twelve years, not less than
six per cent OF the whole amount and
number OF said bonds. at the expira-
I ton Of thirteen years. not less than
and number OF said bonds: AT the ex.
piration OF fourteen years. not less
than eight per cent OF the whole
amount and number Of said bonds .
at the expiration OF fifteen years. not
less than nine per cent Of the whole
amount and number OF said bonds
at the expiration OF sixteen years. no,
less than ten per cent of the whole
amount and number of said bonds
at the expiration OF seventeen years
not less than eleven per cent OF IN,
whole amount and number Of said
bonds: at the expiration OF eighteen
years. not less than thirteen per cent
OF the whole amount and number oi
said bonds. at the expiration Of nine
teen years. not less than fifteen pet
cent of the whole amount and mum
Der OF said bonds. at the expiration
of twenty years. a percentage sufi
cient TO pay off the remainder OF
said bonds. that the several cnum
Grated percentages be Of the cutir,
amount of the bond issue; that each
bond must be payable at the given
time for its entire amount. and not
for a percentage. and that said tonds
shall bear Interest az tho rate Of sla
per cent per annum payable sent
annually ON the first day Of June
and December Of each year
That al an adjourned meeting oI
said board held at the Office OF said
district, In the city OF La lunia
otero county. Colorado. on the IN
day Of September. A. b 1903. a spec
lal election was duly called by said
Board. at which election there shal
be submitted TO the electors OF tn,
said district. possessing the quallfi
cations prescribed by law. the qucs
tion Of whether or no, the bonds oI
said district shall he issued and IL
the amount 10 determined.
Also ~ To whether or no, said dis
trict shall purchase III. Lake cana
and all Of the rights. franchises. wat
er rights. reservoirs. reservoir sitc'
and property owned by the LakunI
Canal Company and used In connec
tion With It's irrigation system Il
Otcro county. Colorado. for . sum no
To exceed the sum Of One Hundred
Thirty.Five rhousand (eiaS. .ooo) Dol
Ian. the said purchase price to b
subject 10 all water rights hereto
fore sold BY said LAsuna Canal Com
pany. Also - 10 whether or no
sai1 distSict shalt purchase an ~
tss rishtA heretofore soA By the L.
gvaa Cansi Company q . price no
% exceed The sun q oieoe Tor ssci
sisAty acre water sisAt. nadsf ~
nAia caaAl. anA ~ 70 s9css1 ~