The daily tribune., 1909-01-27
A BILL FOB AN ORDINANCE.
UA. &49

An ordinance providing Tor tho fssu-
ance OF $4,000 Refunding Bonds Of
the City OF Florence, Fremont County,
Colorado, pursuant to election held
January 13, 1903.
WHEREAS: There did on January
2, 1909, become payable. at the option
Of tho City OF Florence eighty-five
thossand dollars tsss.ooo) Water
Works Bonds dated January 2, 1899.
funds in the Treasury of said city
syailable for the redemption of said
bonds: and
WHEREAS: The City Council of
said city has heretofore determined
the amount of Refunding Bonds to be
issued and O certificate of such deter
| mination was made and entered in
and upon the records of the City
Council, which said certificate did find
and determine that there should be
issued refunding bonds of the said
city OF Florence in the amount of
eighty-fve thousand dollars ($s5, 10000 !;
and
WHEREAS: The City Council of
said city did and does now deem 1t
necessary to issue refunding bonds in
the amount and for the purpose afore-
said; and
WHEREAS: There was duly and
properly introduced at regular
meeting of the City Council of said
city an ordinance calling a special
election for the purpose OF submitting
the question of issuing such refunding
! bonds to vote of the duly qualified
electors of said city and said ordinance
was published In newspaper of gem
eral circulation published in said city
do haf 10
duly and properly passed and adopted
by the said City Council and was re-
corded III a book kept for that pur-
pose and authentica ed by the presid-
ing officer of the Council and the
Clerk and was thereafter duly and
properly published in newspaper
published within The limits of said
city: and
WHEREAS: The City Council of
said city did cause to be posted a
printed notice of such election in a
conspicuous place in each voting pre-
cinct of said city for fifteen days
precsd ng the said election and did
also publish for a period of at least
ten days Immediately preceding such
election in newspaper printed with
In said city notice that such ques-
ton would be submitted to the duly
qualified voters of said citv: and
WHEREAS: A special election
was duly and properly held in said
city of Florence upon the 18th day of
January, A. d. 1903. whereat no per-
son did vote except such as did have
the necessary qualifications of an
elector as provided by law and had
paid a tax upon property assessed to
him or her in said city for the year
;v,,v, t.1,
and whose name did appear upon
some one Of the certified lists of tax
payers in said city who had paid
taxes upon property assessed to them
in such city in the year Immediately
preceding such election, made out and
delivered by the County Treasurer to
the Judges Of election In each of the
several voting precincts in said city;
and
WHEREAS: Upon canvassing the
votes cast at the said election it did
appear that majority of all the
votes cast wore for refunding the city
Indebtedness aforesaid:
NOW, THEREFORE,. be 1t ordained
by the City Council OF the City of
Florence:
Section /. That there be issued
the refunding bonds OF the City of
Florence in the amount of eighty-tive
thousand dollars 1855 5,000) for the
purpose of re.unding the bonded in
debtedness of said city which became
payable at the option OF said city on
January 2, 1909. and for the payment
Of which there were not on January
2, 1903, and are not now any funds
in the treasury of said city. the said
bonded Indebtedness having been con-
tracted for supplying water to said
city and being evidenced by the Water
Works Bonds of said city dated jan
uary 2, 1893. in the amount of eighty
five thousand dollars ($S5.000) bear
ing interest at the rate of six per
cent. per annum; that such refunding
bonds be denominated "Refunding
Water Works Bonds" be dated jan
uary 2, 1903. be eighty-five 1851 in
number numbered from one "a to
eighty-fiye 1851 both numbers lnclud-
ed. bear interest at the rate OF FIVE
~ per cent per annum payable semi
annually on the Second day OF jan
uary and OF July in each year unit!
maturity, that such refunding bonds
be payable at the option of said city
ten years after date and absolutely
due and payable twenty years after
date, shall recite the title of the act
under which they are issued. being
an Act entitled
AN Act to enable cities and towns
OF the state, whether incorporated un-
der general law or under special char
ter, to refund their bonded indebted
ness, which has matured or may here
after mature, or has or many hereafter
become payable at the option OF the
said city. or town, by Issuing refund
Ing bonds. providing for an election
and the payment of the principal and
Interest and the registration thereof,
and repeating chapter ll0 of the ses-
sion laws of Colorado. 1895, and all
conflicting acts" (Approyed April 30.
l901.)
shall be signed by the Mayor, attested
by the Clerk and countersigped by the
Treasurer OF said city and shall bear
the seal OF said city and the coupons
attached to said bonds and represent
ing the Interest to accrue thereon
shall be signed by the city treasurer
by Autographed signature.
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