The daily sentinel., 1909-03-01

trOducGu and ordered published ny tne
city Council Of Grand Junction, Colo
JOHN NJ coNLEY
Ordinance No.- of 1900.
An ordnance 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 qualifications of an elector
as provided by law and who have
paid tax upon properly assessed to
ly proceeding such election
WHEREAS. The city of Grand juno
ton, did ON the Ist day of MAY, A d
1897. issue its bonds in the sum OF
SiNty-fivc Thousand (S65 0O0) Dollars
pursuant to ordinance regularly passed
and adopted on the 2ith day of April.
A y. 1897, said bonds being redecmable
in ten years and absolutely due ana
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 i are NO no ~ funds S in in The treasury OF
of such bonds. and
WHEREAS the city Council Of said
ing bonds for the purpose of raising
funds for the redemption Of the sais
bonds payable as aforesaid.
NOW. THEREFORE, In order to as
certain whether or not the voters OF the
said city, who are tax payers under
said bonds payable as aforesaid,
BE IT ORPHANED by TIE CITY
JUNCTION COLORADO:
Section /. That pursuant to Chapter
l09 of the session laws of 1901 there be
and hereby is submitted to the vote OF
the voters OF the city of Grand juno
fications of electors as provided by law
and who have paid a tax upon property
assessed TO them in such city for the
year mediatelN proceeding such cleo
ton for determination at the General
CITY Election held IN said city on the
ing question:
''wiii the voters of the city of Grand
rfssWf HtaN
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
such election approve the refunding OF
SiNty-five Thousand Dollars. and the
funds for which redemption if the vote
hereof be in the affirmative are to be
faised by the Issuance OF refunding
bonds of said City
Sec. 2. That for the purpose of TAX
be submitted to a vote of the qualified
electors of said City on April 6. 1903
assessed to them for the year immedl-
ntely preceeding the said election.
be printed a notice of such election in
precinct in this city for at 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
ton notice that such question will be
submitted to the duly qualified voters
Sec; I. An persons voting on said
question. shall vote by separate ballot
For refunding city Indebtedness or
Against refundinE city Indebtedness
as the Guy may be. such ballot to be
deposited in a separate ballot box pro-
vtded by said city for that purpose
and no person shall vote on said queas-
.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. b. # upon canvassing the vote
Whlcn shall De canVasSed in the same
manner as the vote for the City off
GERS, 1t shall appear that majority OF
all the votes cast are for refunding city
| Indebtedness. then the City Council
shall be authorized TO issue refundinS
bonds IN the name of the city of Grand
Junction Colorado. Such refunding
bonds shall be payable at the option of
/ absolutely due and payable twenty
! wears inter ate and shall be of the
I denomination of one Thousand Dollars
or Five hundred Dollars or either of
such denominations as circumstances
may require.
See, g.. The interest on such refund
ing bonds shall be payable semi
annually at the rate of per cent per
| anuum. which is not in excess OF the
| rate specified the bonds to be re-
aoic at the office of the Treasurer OF
] tEe lily and the semi i-aunual interest
Shall be payable a the office of the
Clty treasurer or at some place in the
! Gity OF New York at the option OF the
hoider OF such bonds,
This ordinance to be in force from
and after its passage
Passed and adopted this
- -.
| Attest.