La Junta tribune., 1909-10-02

Us IOilONb, to"t.
To purchase the Lake Canal
and all OF the rights. fran.
chises. water rights. reser-
yolrs, reservoir sites and
property owned by The La.
guna Canal Company and
used In connection with It's
irrigation system In Otero
county, Colorado. .. =. si35, ,00O
To purchase the water rights
heretofore sold by The La
guna Canal Company :. 1866 ,ooO
To purchase and develop the
Dye reservoir. =. =. =. vi 900
To develop and Increase the
capacity OF reservoir No. !
belonging to said system. $4,000
To enlarge the Lake canal $4,000
To pay the first years In
terest on said bonds. g.. $4,000
That It was further determined by
the said Board that 1t will be nee
essary to issue the bonds OF the said
district In the amount OF Six Humid
red. Fifty Thousand Dollars. as men
toned above, In order to raise the
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 10 run
for a period OF twenty (2o) years. as
specified In said statutes. and to con.
sist OF one thousand bonds OF five
hundred (s50ol dollars each. and of
fifteen hundred bonds OF one hundred
(sl00l 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. not less than five
per cent OF the whole amount and
number Of said bonds. at the expira-
ton OF twelve years. no, less than
six per cent OF the whole amour, and
number Of said bonds. at the expira
ton Of thirteen ycars. not leas than
seven per cent Of the whole amount
and number OF said bonds: at the cx,
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. no,
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 the
whole amount and numbcr OF said
bonds; at the expiration Of eighteen
years. not lcss than thirteen per cent
Of the whole amount and number OF
said bonds. at the expiration OF nine
teen years. not less than fifteen per
cent OF the whole amount and mum
Der OF said bonds: at the expiration
OF twenty years. a percentage suffi
eient TO pay off the remainder OF
said bonds. that the several cnum
Grated percentages be OF the en,ir,
amour, OF the bond issue. that each
bond must be payable at the given
time for It's entire amount, and no,
for percentage. and that said tond.
shall bear interest a, the rate OF 81,
per cent per annum payable semi
annually on the first day OF Jun,
and December OF each year.
Tha, at an adjourned meeting o'
said board. held at the office OF sait
district. In the city Of La Junta
otcro county. Colorado. on the .ti
day OF September. A. D. 1909. a spec
ial election Was duly called by sait
Board. n, which election there shsi
be submitted 10 the electors OF tn,
said district. possessing the qualifi
cations prescribed by Law. the ques
tion u whether or no, the bonds o.
said distrie, shall lie issued and IL
the amount so determined.
Also as to whether or not said dis
,r.o, shall purchase the Lake cana
and all Of the rtxh,s. franchises. vat
or rights. reservoirs. reservoir site'
And property owned by the t.aeuni
Canal Company and used In conncc
ton With its Irrigation system Il
Otero county. Colorado. for = sum no
to exceed the sum Of One Hundred
rhlrv.Ftvc thousand Oi3s.ccc Dol
las. the said psrchasr price to b
subject TO all vaser rixhs hereto
fore sold By said tAxuna Canal Com
pany. Also ~ TO whether or no
said district shaii purchase al "a
ter rishts heretofore sold BY the Il
euna Canal Company at . price no
TO ssc~ed the sun of sisoo for caci
eRhly acre vutef YtRht. under N,