La Junta tribune., 1909-10-09
ELECTION NOTICE

held on Tuesday. the twenty.shird
day of September A. ID. 1902. and the
money provided by issue Of bonds
authorized by vote. at the election
Z held on Tuesday the twenty-ninth day
I OF May A D. 1906. and also the mon
ey provided ty issue Of bonds auth
orized by vote. at the election held
on Monday the ninth day OF Novem-
Der A. d. 1905. have become ex-
Z hausted by expenditures authorize,
by statutes. and.
{ Whereas Il becomes necessary 10
raise additional money for the pur-
pose Of improving and enlarging the
Otero Canal, and for developing ad-
ditioual reservoir or storage capao-
Z ity for the use OF the Otero Irrira-
tlon District, IT has been estimated
and determined by the board OF di-
3 rectors OF the said the Otero Irriga-
/ ton District, that the amount o.
money necessary to be raised for
the purpose OF improving and enlarg-
Z ing the Otero canal Is the sum Of
one hundred thousand dollars. and
that the amount OF money Necessary
TO be raised for the purpose of de-
yeloping additional reservoir or stor-
age capacity for the use Of the otsro
Irrigation District is the sum Of
fifty thousand dollars. making
total of one hundred and fifty thous-
and dollars. and.
Whereas, said money must be
raised By issuing the bonds OF said
district, the same to be issued in
accordance with the provisions of
the statute OF the State Of Colorado.
in relation to irrigation districts. ap-
proved May 3, 1905. and the acts
amending said statute, and to run
for a period Of twenty years as spec
flied Ia said statute and to consist Of
three hundred bonds OF five hundred
dollars each and that said bonds
shall be payable in lawful money Of
the United States. In mstallments as
follows, toVit: At the expiration Of
eleven years. not less than five per
cent Of said bonds, al the expiration
Of twelve years. not less than six per
cent Of said bonds; az the expiration
Of thirteen years. not less than seven
per cent Of said bonds at the expir-
alton Of fourteen years. not less than
eight per cent Of said bonds; al the
expiration OF fifteen years. not less
than nine per cent OF said bonds. az
the expiration OF sixteen years. not
less than ten per cent OF said bonds
al the expiration Of seventeen years,
not less than eleven per cent of said
bonds. at the expiration OF eighteen
years. not less than thirteen per
cent OF said bonds: al the exp.ra-
ton OF nineteen years, not less han
fifteen per cent of said bond al
the expiration OF twenty years. a per
centage sufficient to pay of the re-
mainder Of said bonds. Thai said
bonds shall bear interest at tn rate
Of six per cent per annum. PAYABLE
semi annually on the first day OF
June and December Of each year.
That al a regular meeting q said
board. held at the office OF said
district. In the city Of La Junu. on
the 9Th day OF October. 4. d 1903. a
special election vas called by said
board. II which shall b. submitted
10 the electors OF said distriCl pos
scssing the qualifications presgribed
by said statute. the question OF
whether or not the bonds o. said
district shall he issued. AMI the
amount 80 determined, aud a. to
whether said district shall improve
and enlarge the otero canal. and
also as 10 whether said distficI shall
develop additional reservoir 0F stor-
age capacity for the use OF said
district.
And II vas further ordered lg the
board that sail special elccuoa be
called and be held In said d rict.
al the voting places hereinafter men
toned. on Tuesday. the "a dar of
November. A. ID. 1873. between the
hours Of O'Clock a. IN. and s lock
. m. for the purpose Of dctcra uing
the matters hcrcinbeforc So fIrih.
and that the secretary Of said dis
rlct cause notice OF such clr1. ion.
signed by the president and Eeerc-
tary Of said board and under the
seal OF said district. to be posted In
three public places In each precinct
within said district. at least ts.nty
days before said election. and also |
a notice to be posted In the 1tfIcc
OF the board Of directors OF said