The daily sentinel., 1909-02-25

| troduced and ordered published by the
| city Council of Grand Junction. Colo
rado.
JOHN M. coNLEY.
Ordinance No of 1900
An ordinance submitting the question
of issuing refunding bonds of the
City of Grand Junction 10 the vote Of
the voters OF said City possessing the
as provided by law and who have
paid a tax upon property assessed TO
WHEREAS The City OF Grand juno
tion, did on the LIST day of May. A d.
sixty-five Thousand ($s5. ooo) Dollars.
pursuant to ordinance regularly passed
A ID. 1897. said bonds being redeema BILE
IN ten years and absolutely due and
of Issuance. and bearing interest at the
rate Of I, six per cent per annum, and
WHEREAS said bonds have become
there are no funds in the treasury of
said city, available for the redemption
WHEREAS. the City Council OF said
CITY deem II necessary to issue refund
funds for the redemption of the said
bonds payable as aforesaid
NOW. THEREFORE, in order to as
said City. who are tax payers under
the law. viii approve the refunding Of
cotNcT aF dT oPATMEp 6P TE CRY 9Y 6 TRE RRT4 GITH
Section 1. That pursuant to Chapter
] O9 of the session laws of 1901 there be
and hereby is submitted to the vote of
the voters OF the City of Grand June
ton who possess the necessary quail
ilcatlons OF electors as provided by law
and who have paid a tax upon property
assessed to them in such city for the
year Immediately proceeding such cleo
ton Tor determination at the General
city Election held in said City on the
9Th day Of April. A. D. 1909, the follow
''Will the voters of the city of Grand
JUNCTION, who possess the necessary
by law and who have paid a tax upon
property assessed to them In such City
Tor the year Immediately preceding
such election approve the refunding of
the city Indebtedness in the amount of
SiNty-five Thousand Dollars. and the
hereof be in the affirmative are to be
raised by the issuance of refunding
bonds of said city"
Sec. ,. That for the purpose of TAX
ing a vote upon said question. il shall
electors of said City on April 6. 1909
assessed to them for the year immedi-
See. 8. The city Clerk shall cause to
be printed a notice of such election in
precinct in this City for at least fifteen
days preceding the said election and
o. said CITY for Il period OF al least ten
days Immediately preceding said cleo
ton q notice that such question Will be
'AA9 I"sAtiAA'U NtstiS
Sec. l. XII persons voting ON said
question snail vote by separate ballot
For refunding City Indebtedness" or
Against refunding City indebtedness'
as the CITY may be. such ballot to be
deposited in a separate ballot box pro-
vided by sand City for that purpose.
ana no person shall vote on said uues-
eon unIess his Or her name shail appear
upon the certified list of tax payers of
said city furnished to the Judges of
electlon IN each precinct by the treas
urer of Mesa County. Colorado.
Sec. B, lt upon canvassing the vote
which shall De canvasscd in the same
manner as the vote for the city off
GERS, 1t shall appear that Il majority of
lndebtedncss, then tie city Council
shall be authorized to issue refunding
ponds in the name of the City of Grand
Junction Colorado Such refunding
bonds shall be payable at the option of
said CITY ten yenrs a..cr date. and
nbso.u due ana payable twenty
wears after ate and shall be of The
denomination of One Thousand Dollars
or Five hundred Dollars or either of
such denominations as circumstances
may require.
Sec. g.. The interest on such refund
ing bonds shall be payable semi
annually a the rate of per cent per
annum. which is not In excess of the
rate specified .n the bonds to be re-
funded, anu the principal shall be pay
the lily and the semi-annual interest
shall be payable at the office of the
CITY Treasurer or at some pace in the
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.
Pissed and adopted this------
day OF u. 1909.