The Monte Vista journal. (Monte Vista, Rio Grande County, Colo.) 1888-1921, 1909-11-20

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Local Improvement Bonds Of the Town
of Monte Vista, on Account Of Monte
Vista Sanitary Sewer, District No I.
BE IT ORDAINED BY THE BOARD OF
TRUSTEES OF THE Town OF MONTE
VISTA:
Section l. 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 8, 1899, the same being Chapter
l5l of the Session Laws OF Colorado OF
1899, and by virtue Of a 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 q. 1909, being Chapter
No. l2S, 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 ord,n.
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. 1913
provided to be constructed in Monte
Vista Sanitary Sewer District No. /. in an
amount not to exceed the whole cost Of
said improvements, including Six per
cent. (6s) additional for costs OF inspec-
ton, collection and other incidentals,
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 AZ 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
1909, and which said amount so esti-
mated, pursuant to 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. l2S. was and is
Twenty-Five Thousand Four Hundred
and Thirty Dollars and Seventy. two
Cents (s22, 43O.72).
Section 2. The Bonds shall be dated
November 20, 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, as 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.appual
interest at the rate Of Six per cent. (ig)
per annum, payable on the 10th day OF
May and the Goth day OF November. at
the Banking House OF The German
American Trust Company OF Denver
Colorado. or At tho ofice n, tho Tow,
Treasurer Of the Town OF Monte Vista;
shall have Twenty co Coupons. at
~ T ~ M tse ans ., .ne signature OF
& - o SUI 'uel' ov'oenc-
ing soch interest," n! shall he in denomin-
d. .S a.. 1I.si.J nsu s.,r,N..oN
~" ~ ~, .n aI Do"ss .Sl"V, as
" y. may ~ ,ouuu conVen
" ~. s. s " uu'eu
~. ''"' '"e ~ "P""los.
me principal OF said Bond shall be
payable at the ONCE OF the Town Treas
urer OF the lown OF Monte Vista, or at
tne BANKING house OF the said The
Serman american trust Company, at
Section g. The said Bonds shall be
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 Mayor with the approval
OF the Board Of Trustees, may sell, in
the manner provided IN the said act,
sufficient amount OF said Bonds At not
less than par, to pay said bonds in cash
The Town Treasurer shall keep record
OF oil expenses In a suitable book kept