The daily tribune., 1909-01-21

Indebtedness Aforesaid. II
NOW, THEREFOttE, be 1t ordained
by the City Council OF the City OF
Florence: Il
Section 1. That there be Issued
the refunding bonds of the City OF
Florence in the amount of eighty-nVe
thousand dollars ($S5,000) for the
purpose of refunding the bonded In
debtedness of said city which became
payable at the option of said city on
January 2, 1909. and for the payment
OF which there were not on January
2, 1909, and are not now any lunds
in the treasury of said city. the said
bonded indebtedness having been CON
tracted for supplying water 10 saiu
city and being eviuenced by the water
Works Bonds OF said city dated Jan
uary 2. 1893, in the amount of eighty
five thousand dollars t$S5,OOO) bear
ing interest at the rate of six per
cent. per annum; that such refunding
bonds be uenominated "Refunding
Water Works Bonds" be dated jan
uary 2, 1903. be eighty-five 1851 in
number numbered from one a. 10
eighty-five 1851 both numbers includ-
ed, bear interest at the rate OF hVe
t5) per cent per annum payable semi
annually on the Second day of jan
uary and of July in each year until
maturity, that such refunding bonds
be payable at the option OF said city
ten years after date and absolutely
due and payable twentv 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, 10 refund their bonded indebted
ness, which has matured or may mere
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 ITO of the ses-
sion laws of Colorado, 1896 and all
conflicting acts" (Approved April 80,
1901)
shall be signed by the Mayor, attested
by the Clerk and countersigned 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.
Section 2. Such bonds and coupons
shall be in substantially the following
! forms:
(FORM OF BOND)
| UNITED STATES OF AMERICA
\ STATE OF COLORADO, COUNTY OF
FREMONT
CITY OF FLORENCE
WATER WORKS REFuNDING BOND
/ No. 1000
KNOW ALL MEN BY THESE
| PRESENTS That the City of Florence,
] in the County of Fremont, and State
of Colorado, acknowledges itself to
owe and for value received hereby
promises to pay 10 bearer on Second
day of January, A. ID. 1929, the prin-
| clpal sum of one thousand dollars
| ($l.OOO) together with interest on said
| sum from the date hereof until paid
at the rate of five (5) per cent per an
| mum payable semi-annually on the
Second day of January and of July
| in each year in accordance with and
upon presentation and surrender of
| the interest coupons hereto attached
as they severally become due, both
principal and interest of his bond
| are hereby made payable at the office
| of the Treasurer OF and in said City
| of Florence or at the office of n. w.
Harris and Company in the City and
State of New York at the option of
| the holder hereof. This bond is here
by made payable at the option of said
| City ten years after date hereof. And
for the prompt payment OF this bond
with interest as aforesaid at maturity,
the full faith, credit and resources of
said city are irrevokably pledged.
This bond is issued under an act
of the Legislature of the State of
Colorado entitled An Act to enable
cities and towns of the state, whether
Incorporated under general law or
under special charter, to refund their
bonded Indebtedness, which has ma
tured or may hereafter mature. or
has or may hereafter become payable
at the option of said city, or town,
by issuing refunding bonds. providing
for an election and the payment OF
the principal and interest and regis
tration thereof, and repeating chapter
ITO OF the session laws of Colorado,
1895, and all conflicting acts" Gap
proved April 80, 1901 and for the
purpose OF refunding like amount
of the valid subsisting and outstand-
ing bonded Indebtedness OF said city of
Florence which became payable at the
option of said city January 2, 1903,
is authorized by majority of the
| tax paying electors of said city voting
at an election duly and properly
called by ordinance and held In said
city as required by said act, and is
issued pursuant to an ordinance dir
Getting the issuance hereof, both of
| said ordinances having been duly
and properly passed, recorded and
| published.
And 1t is hereby certified and recited
that all acts, conditions and things
| required by the Laws and Constitu-
ton of the State of Colorado to be
done precedent to and in the Issuance
of this bond, have been properly done,
have happened and have been per-
formed in regular and due form and
time, that the total Indebtedness
of the said city. including this bond,
does not exceed any limitation i'm
posed by law,