The Monte Vista journal., 1909-05-08
CHAPTER 127

An Ordnance Providing for the Issuing
Of Bonds for the Purpose Of Construct
ing Public Sewer.
WHEREAS. the Board Of Trustees Of the
Town Of Monte Vista, by an ordinance
duly passed and approved on the Fourth
day OF March. 1909, the same being
Chapter ia Of the ordinances ofEaid
Town, did submit to the vote OF such
qualified electors Of said Town, as had.
during the year next preceding the
general election held on the Sixth day
of April, 1863. paid property tax with
in the said Town. the question Of incur
ring an Indebtedness by issuing bonds
of the said Town in sum not exceed
ing Three per cent. 40 Of the assessed
valuation Of the property therein, exclu-
sive Of other outstanding indebtedness,
for the construction of a public sewer.
and
WHEREAS, at such election held on
the Sixth day Of April, 1863, the said
question was submitted as provided by
law, and Of the votes cast there were
% votes in favor Of mourning the said
Indebtedness, and u votes against in
curing the said Indebtedness and
WHEREAS. the assessed valuation OF
tIt property Vic
ate limits OF the said Town at the
assessment thereof. next preceding the
last assessment before the adoption 81
this ordinance. to-wit:
The assessment for the year Of
1907 was, after all additions thereto.
and all reductions thercfrom by the
Board of Equalization, Three Hun
bred and Ninety four Thousand. and
Twenty five Dollars 1884 .l21m).
Now Therefore. Be il Ordaiasd BY the
Beard q Trustees Of the Town q
Meats Vista:
SECTION l. That a public sewer Ike
constructed by the Board Of Trustees
of the Town of Monte Vista for the use
and benefit II the citizens thereof. OF
such capacity, extent. and magnitude,
a. to said Board 81 Trustees may
seem necessary Tor the needs os the in
habitants II the said Town. which said
public sewer shall be owned. managed
and operated by the said Town.
Section II. That the proper officers
Of said Town shall procure by purchass,
condemnation or otherwise. such neces-
sary rights Of way and outlets for aaad
se~er ~ shall 10 found 10 he required
Section Ill. That for the purpoes oi
providing funds for the constructors Of
the said sewer, the Town shall ,asus its
negotiable coupon bonds. in an aGgre-
gate not exceeding the sum Of Eleven
thousand, Six Hundred Dollars (oll.-
$4,000 in denominations Of One Hun
dred Dollars 100000 or Of Five Hundred
Dollars (eimO0) each. PAYABLE IN the
lawful money OF the United States, and
bearing interest from the First day Of
June A. u. 1909. ct the rate Of Five per
cent per annum, payable semi annually
on the First day Of December and 90 the
First day 81 June Of each year. and the
said interest shall b~ evidenced by cou.
Fons attached TO the said bouds
The said bonds shall he numbered ia
regular and consecutive order. commenc.
ing with No. One ~. and shall be pay
able In order OF their number. At the
pleasure u the Town Of Monte Vista, at
any time after Ten Cl0) years from date
thereof. and shall b. absolutely due and
payable Fifteen tl0 years after their
date. Said bonds and coupons attached
thereto. shall In payable at the Fourth
National Bank n the City u New York.
The said bonds shall bser date Of the
first day 81 June. 1870. and shall b.
signed nv the Mayor. end attested by
the Town Recorder. and under the OH.
cisl seal Of tho Town. and shall be r..
corded in the book IN h kept by hin,
for that purpose. and oil coupoos shall
bear the signature oi the Treasurer Of
the said Town.
Section ". The said Bonds shall br
substantially In the following form:
UNITED STATES OF AMERICA
STATE o. CotDRAt,o.
Town os Monte Vista.
Rio 0sande County.
|V............ No.
MONK vtsrA Skwsa BoxD.
The Town Of Monte Vista, 10 the
County II Rio 0sauds and the STATE Of
Colorado. sckpowledess that Il v 10.
d'Sssd and p'o"'s's e pay the ess:s, ,
money d the United States q America.
Tor value recetvsd. redsenshlei q the
optton Al seId Town altes Tsn llO) yssss.
aud absolutely due sed payable k1steso
ysass from date hsssol. viii lateeese q
The rate a Five pr oeat. pr annuu.
payable sssni. annually. % he tIrse day
d June ssd the First day n Dscsmbss
os ssrh yer. upoe the suPfsndss a The
several coupoes - thsy sevssslly b.
GONE due. both iateseat snd peiuospai
payabse q tAe Fourth National Bauk ol
1.-The CITY q New Yeek.
This bad " tor II Z series II hoa.is
- like hals aed tenos. I'D numbered
rum As.e n lAAe, aad isssaed b. the
Hard u Tfustssa Il ths IOWA Il Aoate
Vista. It tAe pufpnse u ssi.ing funds
e.* " c.,:.sfssesna 4 : pshesc sewer