Cañon City record., 1910-03-03

and manner as required by law; that
the total debt OF said city. including
that OF this bond. does not exceed any
limit of Indebtedness prescribed by
the constitution or laws of the State
of Colorado and that said ordinance
provides for the levytng of tax suf-
| ficient to pay the interest on this bond
as 1t accrues and to extnguish the
principal thereof within the time linn
tied for the same to run and contains
such other provisions as are required
by law.
In testimony whereof, the City of
Canon City by its City Council has
! caused this bond to be signed by it's
Mayor. attested by its Clerk. sealed
with its corporate seal and counter
signed by its City Treasurer this first
day OF April, A. D. 1910.
Attest:
...... ......... City Clerk.
Countersigned:
.......... City Treasurer.
form of Coupon.)
No. ..... $500
On the first day of. ,19. 80.
the City of Canon in the County of
Fremont and State of Colorado. will
pay to the bearer Twenty-Five Dollars
in lawful money of the United States
of America at the office of its City
Treasurer or at the banking house of
Kountze Brothers in the City and
State OF New York, U. S. A.. at the
option of the holder. being interest
then due on its Water Bond No.. ..
.................C City Treasurer.
Section 5. That after the execution
OF said bonds. they shall be registered
by the City Treasurer in book kept
by him for that purpose. He shall
certify to such registration on the
back of each of said bonds, and there
after said bonds shall be delivered to
the purchaser or purchasers of the
same from this Council and the pro-
ceeds derived therefrom shall be used
solely for the purpose for which said
bonds recite that they are being is
sued. to-wit. to construct waterworks
to supply said city with an adequate
and suitable supply of water for fire
and domestic purposes, but the pur-
chasers of said bonds shall in no man
ner be responsible for the application
OF said proceeds by said city or any OF
its officers.
Section 6. The interest falling due
on said bonds on October LIST. 1910.
shall be paid out of the water fund of
said city, and for the purpose OF re-
luuu Sdlu
half years interest, and to meet the
interest accruinE on said bonds on
April LIST. 1911 and October LIST. 1911,
and for the purpose of raising the
sum of One Thousand Seven Hundred
and Eighty-five and 72-100 Dollars
(s1.7S5.72l for the payment of the
principal Of said bonds. there shall be
and hereby is levied In the year 1910
on all the taxable property in said
city. In addition to adj other taxes, a
direct annual tax sufficient to produce
the sum OF Three Thousand Six Hun
dred and Sixty and 72-100 Dollars
(S3,65o.72): that in order TO raise the
necessary funds with which to pay
the interest due after October 1st.
1911 promptly and an the same ac-
crues. and to extinguish the principal
Of said bonds at their maturity. there
shall be and there hereby is levied on
all the taxable property in said city.
in addition to all other taxes. the fol-
lowing direct annual tax. to-wit: For
the years 1911. 1912. 1918. 1914. 1915.
1916 1917. 1918. 1919, 1920. 1921, 1922
and 1928 n tax sufficient TO produce
the sum OF Three Thousand and Thir-
ty-fye and 72-lOO Dollars t$3.035.72)
for the purpose of paying two INSTALL
ments of said interest amounting TO
Twelve Hundred and Fifty Dollars
(s1250.00) and producing the sum of
One Thousand Seven Hundred and
Eighty-hve and 72-100 fS1 .7S5.T2) to
pay the principal OF said bonds: and
in the year 1924 there shall be and
hereby is levied on said property a d.
rect annual tax sufficient to produce
the sum of Six Hundred and Twenty
FIVE Dollars ($625.00) for the purpose
of paying the interest on said bonds
falling due April 1st.- 1925. and
SAT- taxes when so collected shall be
applied solely for the purpose OF pay
ing said interest and principal OF said
bonds respectively and for no other
purpose whatever until, said indebted
ness so contracted under this ordl- |
nance principal and interest SHAH
have been fully paid, satisfied aud
discharged.
Section Z. II shall be the duty Of
the City Council of said City. and they !
are hereby required annually at the |
time and In the manner provided by |
law for the leyying of other city taxes,
to ratify and carry out the provisions |
hereof with reference TO the leyying |
of taxes and requiring the officers OF
and for said city to levy. extend and |
collect such taxes In the manner pro- |
vided by law for the purpose OF ere
ating a fund for the payment Of the |
interest upon and the principal OF said |
bonds, and the said taxes when 30 col |
lected shall be kept for and applied |
only TO the payment of said interest |
and principal of said bonds as herein |
before specified. but nothing herein
contained shall be so construed as to
prevent the said city from applying |
any other funds that may hereafter |
be in the city treasury and available
for that purpose to the payment OF
said Interest or principal as the same
respectively mature, and the levy or
levies herein provided for may there