The daily sentinel., 1909-03-04
JOHN NJ. CONLEY.
.Nas - 4

ciIy council of Grand Junction. Colo
raa0' JOHN NJ coNLEY.
Ordinance No.--- of 1909.
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 a tax upon property assessed to
ly preceding such election.
WHEREAS. The City of Grand juno
tion. did on the list day of May, a. d.
1897. issue, It's bonds in in od6 the sum OF
pursuant to ordinance regularly passed
and adopted on the 24th day of April.
A D. 1897. said bonds being redeemabIe
in ten years and absolutely due ind
PAYABLE in fifteen years from the date
Of issuance, and bearing interest at the
rate of six per cent per annum, and
WHEREAS. said bonds have become
payable at the option of said City and
there are no funds in the treasury of
said city available for the redemption
Of such bonds. and
WHEREAS. the City Council of said
city deem 1t necessary to issue refund
ing bonds for the purpose OF raising
funds for the redemption of the safe
bonds payable as aforesaid
certain whether or not the voters of the
said City. who are tax payers under
said bonds payable as aforesaid
BE IT ORDAINED BY THE CITY
f1lN0ilL Or lftE 1ll1 Of' GRAND
JUNCTION. COLORADO:
Section j. That pursuant to Chapter
i09 of the session laws of 1901 there be
and hereby is submitted to the vote of
the voters of the City of Grand juno
ton who possess the necessary quail
fications 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
ton for determinatson at the General
city Election held in said City on the
sth day OF April, a. ID. 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 a tax upon
property assessed to them in such city
for the year Immediately preceding
such election approve the refunding Of
SiNty-five Thousand Dollars and the
funds for which redemption If the vote
hereof be in the Affirmative are to be
bonds of said City"
Sec. 2. That for the purpose Of TAX
ing a vote upon said question. 1t shall
be submitted to a vote of the qualified
electors of said City on April 8. 1903
ossad VINO nave paid paid tax upon property
ately preceding the said election.
Sec 3. The city Clerk shall cause to
ne printed a notice of such election in
some conspicuous place in each voting
precinct in this City for at least fifteen
shall also publish in The Daily Sentinel
u said CITY for n period of at least ten
sayS Immediately preceding said cleo
tion notice that SUCH question, Will be
submitted to the duly qualified voters
of said City.
Sec. 4. All persons voting on said
auestion shall vote by separate ballot
For refundng city indebtedness" or
Against refunding City indebtedness
as the case may be, such ballot to be
deposited in a separate ballot box pro-
vided by sand City for that purpose
and no person shall vote on said ques
taon uniess his or her name shall appear
upon 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
which shall pc canvassed in the same
manner as the vote for the city off
GERS. 1t shall appear that majority of
all the votes cast are for refunding City
shall be authorized to issue refunding
bonds in the name of the City of Grand
Junction Colorado. Such refundinE
bonds shall be payable at the option OF
abso. utelv due and payable twenty
wears after ate and shall be of the
or Five Hundred Dollars or either OF
such denominations as circumstances
Sec. g.. The interest on such refund
at the rate of 8 per cent per
annum which is not in excess of the
rate specified the bonds to be re-
funded. anu the principal shall be pay
The Dlty, and the semi-annual interest
shall be payable at the office VI the
city Treasurer or at some pace in the
city of New York at the option OF the
This ordinance to be in force from
and after it's passage
Passed and adopted this ----.--.---
day of -------- d. 1909