The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1909-12-04
ORDINANCE NO. 40.

ORDINANCE NO. ID.
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF THE NEGoTIA.
BILE COUPON BONDS OF THE CITY
OF TUoUMCARI. NEW MEXICO
TrRRIToRY, TO THE AMOUNT OF
S1s,sOO FOR THE CONSTRUCTION
OF A SYSTEM OF SANITARY SEW.
Frs IN AND FOR SAID CITY;
PREsCRLBING the FORM OF SAID
BONDS AND OF THE INTEREST
COUPONS TO BE THERETO AT.
TACKLED; PROVIDING FOR THE
LEVY OF AN ANNUAL TAX TO
PAY THE INTEREST ON SAID
BONDS WHEN DUE AND TO PRO.
VIDE A SINKING FUND FOR THE
DlsChARGE OF THE PRINCIPAL
THEREOF AT MATURI1Y Y, AND
FIXING The OTHER DETAILS
OF THE ISSUE.
MlILREAS, at an election called aud
held IA the city Of Iucumcari, Quay
county, New Mexico Territory, ON Nov.
cmbcr VITA, \. D. 1903, H. all respects
~ strict compliance with the pruV!siou,
OF the laws of the Territory OF New
MeAicU, aud of au act OF Congress oi
the United states, approved March ith,
1898, entitled IAN Act to amend an
net to prohibit the passage UG local VI
special laws IN the territories TO limit
territorial Indebtedness, aud 30 forth, >
more than two thirds vi the qualified
voters uf said City who were the own
crs Vt real " personal property, sub.
Jcct to taxation therein, voted atirma
lively tor the ISSUANCE uf the negotiable
coupon bonds OF said CITY TO the amount
Of s,s,sUU Tor the construction OF a
system Ut sanitary 'ewers IA aud to be
owned exclusively by said City; aud
MHkREAS, II Is necessary to now pre-
scribe the forms vt said bonds, aud OF
the interest coupons to he thereto at
tached aud to Tx the other details OF
the issue, nov therefore,
BIZ IT ORDAINED By THE CITY
COUNCIL OF the CITY or IT..
CUMCARI TERRITORY OF NEW
MEXICO;
Section /. That for the purpose Of
providing the necessary funds tor the
construction OF said system Vt sanitary
sewers in aud for the City Of Iucum
carl, Quay County, New Mexico Ter.
ritOry, pursuant to plans, specifications
aud estimates duly adopted by the City
Council VI said City, there shall be,
aud there are hereby ordered aud direct.
ed to be issued the negotiable coupon
bonds OF SAID City to the aggregate
amount of sis,sUO. said bonds shall be
designated sanitary Sewer Bonds Of
1909, aud shall be - IA number, mum.
bered from ! - ~ bO,n inclusive.
Bonds numbered l to IS both inclusive
to bc vi the denomination Ot $1,000
each, aud bond numbered ~ ~ be
oi the denomination vi SsUO.
SAID bonds shall bear date Of Nov.
cmber 10Th, a. ID. 1903, aud shall be
come due aud pay able on November
18th, 1889, shall bear interest from
their date until paid at the rate oi
nNe and one halt per centum per annum
pa! able semi annually, on the 10th
days vi May and November IN each
year winch installmcnts vi interest to
date vi maturity oi principal shall be
evidenced by appropriate coupons at
tached 10 each bond, and both prIuci
pal aud interest shall be payable IN
lawful money ot the United states vi
America, at the Chase National bank,
ia the City aud state OF New York.
Section = That each OF said bonds
anu each vi the interest coupons there.
to attached shall be IA substantially
the following forms, respectively, to
wit:
(Form OF Bond)
UNITED STATES OF AMERICA.
TERRITORY OF NEW MTAICo.
COUNTY OF QUAY