Cañon City record., 1910-03-10
ORDINANCE NO. !.
Series 1910.

tracing of an Indebtedness by the
City of Canon City, Colorado, by the
issuance of its bonds for the purpose
of the construction of waterworks in
said city. and providing for the levy
ing of taxes to pay the same.
Whereas, the voters of the City of
Canon City in the State of Colorado,
who were taxpayers under the law,
have heretofore voted upon the ques-
ton of the erection of waterworks for
said city. and did by their vote duly
approve of said erection of said water
works, and in purspance of said vote
a system of waterworks was erected;
Now, therefore, be it ordained by
the City Council of the City of Canon
City;
Section l. That the City of Canon
City, Colorado, issue its negotiable
coupon bonds in the sum of twenty
five thousand dollars ($25.000.00) for
the purpose of the construction of
waterworks for said city for fire and
domestic purposes and thereby con-
tract an indebtedness in said amount
for said purpose.
Section 2. That said bonds shall
consist of twenty-five (25) bonds of
one thousand dollars (s1,000.00) each,
numbered from three hundred and
twenty-six 1920 to three hundred and
fifty (350) inclusive; they shall be
dated April list, 1910 and be absolute
ly due and payable fifteen years from
the date thereof. They shall bear in
terest at the rate of five per centum
per annum, payable semi-annually on
the first days of October and April in
each year until paid, and both prin-
cipal and interest shall be payable at
the Office of the City Treasurer in the
City of Canon City, or at the banking
house of Kountze Brothers in the City
and State of New York at the option
of the holder, upon presentation OF
. said bonds and coupons as they sever
ally mature.
Section 8. That said bonds shall be
sealed with the corporate seal of said
city, signed by the Mayor, attested by
the Clerk and countersigned by the
City Treasurer. Each of said bondy
shall have attached thereto thirty (30)
coupons numbered from one "a to
thirty 800 inclusive, each represent
ing a semi-annual installment of in
terest upon the bond to which it is at
tached and securing the payment of
the interest as 1t accrues, which said
coupons shall bear the signature of
the City Treasurer. either original or
facsimile, and the number of the bond
" my aAN AANaNhIN- AS4A
coupons when so executed and deliv-
cred as a part of said bonds shall be
the lawful obligations of said city, Sc
curing the payment of said interest
in the hands of all persons to whom
they may lawfully come.
Section 4. The form of said bonds
and coupons shall be substantially as
follows, to-wit:
(Form of Bond.)
No.. 100000
CITY OF CANON CITY
County of Fremont, State of Colorado.
WATER BOND.
The City of Canon City in the Coun-
ty of Fremont and State of Colorado,
for value received acknowledges itself
to owe and hereby promises to pay to
the bearer hereof One Thousand Dol
lars in lawful money of the United
States of America upon the first day
of April, A. ID. 1925, with interest
thereon at the rate of five per centum
per annum, payable semi-annually on
the first day of October and the first
day of April In each year, both the
principal and interest being payable
at the office of the City Treasurer in
said City of Canon City or at the bank
ing house Of Kountze Brothers in the
Coy and State of New York, U. S. A,
at the option of the holder upon pre-
sentation and surrender of this bond
and the annexed coupons as they sew
orally become due.
This bond is issued by the City of
Canon City for the purpose of the con-
struction of waterworks for fire and
domestic purposes for said city In
pursuance of an ordinance of said city
duly adopted, approved, published and
Id vz,-tl .taN aC@ mn
and under, by virtue of and in strict
compliance with the constitution of
the State of Colorado and the pro-
visions of an Act of the General AS
sembly entitled IAN Act in relation to
municipal corporations" approved
April 4th, A. D. 1877. and all acts
amendatory thereof and supplemental
thereto.
And 1t is hereby certified that the
erection of said waterworks was duly
approved by vote of a majority of
the voters of said city who were tax
payers under the law voting on the
question at an election duly held in
said city according to law prior to
the issuance hereof; that all condi-
tons required to exist and things re-
quired TO be done precedent to and in
the issuance of this bond to render
the same lawful and valid did exist
and have been properly done and per-
formed in regular and due time, form
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 levying of a tax suf-
Acient to pay the interest on this bond
as it accrues and TO extfnguish the
principal thereof within the time lin
tied for the same to run and contains
such other provisions as are required