The daily sentinel., 1909-03-08
JOHN NJ. CoNLEY.
Ordinnnce No.-- 81 I

city council OF Grand Junction, Colo
JOHN NJ coNLEY.
o.,,. city Clerk
An ordinance 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 property assessed to
him or to her for the year Immediate
ly preceding such election.
WHEREAS. The City of Grand juno
sion, did on the LIST day of May. A. ID.
pursuant to ordinance regularly passed
and adopted on the Gath day of April.
an ten years and absolutely due and
payable in fifteen years from the da te
9t of NV er aru cat n, incest au the
WHEREAS. said bonds have become
said City available for the redemption
Of Us sgeh u l, :, bonds' and ,,,, ca,,
city deem II necessary to issue refund
ING bonds for the purpose of raising
bonds payable as aforesaid
NOW THEREFoRE. in order to as
certain whether or not the voters OF the
che law will approve the refunding OF
W BE IT'S II oRpaIHEp Ss S as BY fo The THE CITY
COUNCIL OF THE CITY OF GRAND
Section l. That pursuant to Chapter
Tpg of the session laws of 1901 there be
and hereby is submitted to the vote of
cion who possess the necessary quali-
acations OF electors as provided by law
and who have paid a tax upon property
assessed to them in such city for the
year Immediately preceding such cleo
tion for determination at the General
city Election held in said City on the
6th day Of April A. d. 1903, the follow
/, ing question:
will the voters of the city of Grand
Junction. who possess the necessary
qualifications of an elector as provided
by law and who have paid n tax upon
property assessed to them in such city
FOR the year Immediately preceding
the city Indebtedness In the amount of
Sixty-five Thousand Dollars and the
FUNDS for which redemption IL the vote
hereof be in the affirmative are to be
raised by the issuance of refunding
bonds of said city
Sec. 2. That for the purpose of tax.
ting vote upon said question. II shall
electors of said city on April G, 1909
who have paid a tax upon property
sfeiy ppeeedins se % The o said ia election. n'''s'
Sec. 3. The city Clerk shall cause to
be printed a. notice OF such election IN IN
precinct in this city for at least fifteen
Gays preeedinG the , said rie eieets2n ion nnd
o. said CITY. for a period of at least ten
days immediately preceding @ said d.,ei eleSo &C.
submitted to the duly qualified voters
sec. a. Am persons voting on said
question shall vote by separate ballot
For refunding. city Indebtedness" or
Against refunding city indebtedness"
AS the case may be. such ballot to be
aeposited in "A separate ballot box pro-
vided by SAID City for that purpose
and no person shah vote on said ques-
Lon uniess his or her name shall appear
uDon 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 g. If upon canvassing the vote
which shall oe canvassed in the same
manner as the vote for the city. Off. !.
all the votes cast are for refunding city
Indebtedness. then tnc city touncll
shall be authorized to issue refunding
bonds in the name of the city OF Grand
Junction Colorado. Such retundinE
bonds shall be payable at the option OF
ssbso .utelv due and payable twenty
years after late and shall be OF the
denomlnation of One Thousand Dollars
on Five Hundred Dollars or either OF
such denominations as circumstances
III. Sec a. The interest on such refund,
ing bonds shall be payable semi
annually at the rate OF b per cent per
ssnnum. which is not IN excess on ,ne @
ratc specified IN the bonds 70 DE re
Funded anu the principal shall pc pay
aule AT the office of the treasurer OF
small be payable at the otfice OF ,i .hs
CIV Trensurer or at some pace IN tne
CITY of New York at the option OF the
holder of such bonds. -
This ordinance to be in force from
and after it's passage.
Passed and adopted TINS ,ooo
aav of d lsVs'