La Junta tribune., 1909-09-25

ganized, 10 be the sum OF DIX nun
dred, Fifty Thousand Dollars. divided
as follows, to-wit;
I To purchase the Lake Canal
( and all OF the rights, fran.
chises, water rights. reser-
yolrs, reservoir sites and
property owned by The La.
guna Canal Company and
used in connection with its
irrigation system In Otero
county, Colorado. =. =. sl35, 200
To purchase the water rights
heretofore sold by The La
guna Canal Company. e.. s365,ooo
To purchase and develop the
Dye reservoir. e.. =. :. 81 900
To develop and increase the
capacity OF reservoir No. !
belonging TO said system. s2i 900
To enlarge the Lake canal $4,000
To pay the first years in
terest on said bonds. T.. $4,000
That II was further determined by
the said Board that 1t will be nee
essary to Issue the bonds OF the said
district In the amount Of Six Humid
red, Fifty Thousand Dollars. as men
toned above. In order to raise the
said money for said purposes, and
Ea cal han La
In accordance with the provisions OF
the statutes under which the said
district was organized, and TO run
for period OF twenty t20l years. as
specified In said statutes. and to con
sist OF one thousand bonds OF five
hundred (s50ol dollars each. and of
fifteen hundred bonds OF one hundred
(slO0j dollars each. and that said
bonds shall be payable In lawful
money OF the United States. in series
as follows. to-wit: At the expiration
OF eleven years. not less than five
per cent OF the whole amour, and
number OF said bonds: at the expira-
ton OF twelve years. NOT less than
six per cent OF the whole amount and
number OF said bonds; at the expira-
ton Of thirteen years. not less than
seven per cent Of the whole amount
and number Of said bonds: at the ex.
piration Of fourteen years. not less
than eight per cent OF the whole
amount and number OF said bonds
at the expiration OF fifteen years. not
less than nine per cent Of the whole
amount and number OF said bonds:
at the expiration Of sixteen years. not
less than ten per cent OF the whole
amount and number OF said bonds.
at the expiration OF seventeen years.
not less than eleven per cent OF the
whole amount and numter Of said
bonds. at the expiration Of eighteen
years. not less than thirteen per cent
OF the whole amount, and number of
said bonds: at the expiration Of nine
teen years. not less than fifteen per
cent OF the whole amount and mum.
bcr OF said bonds. at the expiration
OF twenty years. percentage suffi.
cient TO pay off the remainder Of
said bonds. that the several enum-
Grated percentages be OF the entire
amount Of the bond issue. that each
bond must be payable at the given
time for Its entire amount. and no;
for percentage. and that said tonds
shall bear interest at the rate Of six
per cent per annum payable semi
annually on the firs, day OF June
and December OF each year.
That at an adjourned meeting Of
said board. held at the office OF said
district. In the city OF La Junta.
o,cro county. Colorado. on the 7th
day OF September. A. ID. 1909. n spec.
iai election WAS duly called by said
Board. at which election there shall
be submitted TO the electors Of the
said district, possessing the quAlif-
cations prescribed by law. the ques.
ton Of whether or not the bonds Of
said district shall tie issued and In
the amount 30 determined.
Also ~ to whether or not said dis.
trict shall purchase the Lake canal
and all Of the rights. franchises. vat.
e. rfshts. rsssrvotrs. reservoir sites
and property owned BY the LaEuna
Canal Company and used In connec.
tion With IL irrigation system In
Otero county. Colorado. for . sum not
70 exceed the sun q One Hundred.
Thisty.vlvs TAousasd teias. .ooo) Dol
lass. The said purcAase price to bs
subject 10 I'll water rights hereto.
tDes cold by saN LAgvsA Canal Com.
paay. Aiso q 70 whether or not
saSl district shal1 purchase al wa.
tss risAs hssetosbss cold By the La.