La Junta tribune., 1910-04-16
ELECTION NOTICE.


bonds authorized by vote al the cleo
ton held on Tuesday the 23d day Of
September, AID. 1902. AID the money
provided by the issue Of bonds
authorized by vote at the election
held on Tuesday the 29Lh day OF
May, AID. 1906, and the money pro-
vided by the issue OF bonds author
lied BY vote at the election held on
Monday the 9th day OF November. A.
d. 1906. and also the money provided
by issue OF bonds authorized by
vote at the election held On Noyem-
Der "a, AID 1909, which latter sum
was One Hundred and Fifty Thous-
and Dollars OF which One Hundred
Thousand was for enlarging
and improving the otero Canal.haye
become exhausted by expenditures
authorized by the statutes and
Whereas II becomes necessary 10
raise additional money for the pur-
pose OF improving and enlarsing the
Otero Canal. for the use Of the
Otero Irrigation District. 1t has been
estimated and determined by the
Board OF Directors OF the said the
Otero Irrigation District that the
amount Of money necessary to be
raised for the purpose of improving
and enlarging the Otero Canal Is
the sum OF One Hundred and Fifty
Thousand Dollars. and
Whereas said money must be raised
by Issuing the bonds Of said Dis
trict. the same TO be issued IN ac-
cordance with the provisions Of the
Statute OF the State of Colorado, in
relation to Irrigation Districts. ap-
proved May 30. 1905. and the acts
amending said statute, and TO run for
period OF twenty years as speci-
fled in said statutes. and 10 consist
OF three hundred bonds OF Five Hun
dred Dollars each. and that said
bonds shall be payable In lawful
money Of the United States. IN series,
as follows, to-wit: At the erplra.
tion of eleven years. not less than
five per cent Of the whole amount
and number OF said bonds: at the
expiration OF twelve years not less
than six per cent OF the whole amount
and number Of said bonds; at the
expiration OF thirteen years. not less
than seven per cent OF the whole
amount and number of said bonds
at the expiration 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 six.
teen 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
number Of said bonds. at the ex
piration Of eighteen years. not less
than thirteen per cent OF the whole
amount and number Of said bonds I.
at the expiration OF nineteen years.
not less than fifteen per cent Of the
whole amount and number Of Aaid
bonds; at the expiration Of twenty
years a percentage sufficient to pay
off the remainder Of said bonds: that
the several enumerated percentages
be Of the entire amount OF the bond
issue. that each bond must be pay.
able at the given time for It's entire
amount. and not for . percentage. and
that said bonds shall bear interest a,
the rate Of six per cent per annum
payable semi-snnually on the frs,
day Of June and December Of each
year.
That at . regular meeting OF said
Board. held at the office OF ssid Dis
tric,. In the city Of la Junts. Otter,
County. Colorado. on the 2sth day OF
March. AID. 1910. a special election
Vas duly called by said Board, Al
which election there shall b. submit
ted to the electors OF said Distric'
possessing the qualifications prcscrib
I'D by law. the question OF whether
or not the bonds OF said District shall
be issued. and In the amount so de
tcrmlned. and as 10 whether sait
District shall improve and enlarg
the o,ero Canal.
And II was further ordered by sale
Board that said special election b,
called and held In said Dis,ric, a
the voting places hereinafter mention
I'd, on Tuesday the 26th day OF April