La Junta tribune., 1910-04-02
ELECTION NOTICE.

Notice is hereby given that the
money provided by the issue OF
bonds authorized by yot. al the cleo
ton held on Tuesday the 23d day OF
September. AID. 1902. and the money
provided by the issue OF bonds
authorized by vote at the election
held on Tuesday the 29h day OF
May, AID. 1906, and the money pro
yided by the issue OF bonds author
lied by vote at the election held on
Monday the 9Th day OF November. A.
ID. 1906, and also the money provided
by issue OF bonds authorized by
vote at the election held on Noyem-
Der I'd. AID. 1909. which latter sum
was One Hundred and Fifty Thous-
and Dollars Of which One Hundred
I housand was for eDlarging
and improving the Otero Cana. have
become exhausted by expenditures
authorized by the statutes and
Whereas II becomes necessary to
raise additional money for the pur-
pose of improving and enlarging the
Otero Canal. for the use OF the
Otero Irrigation District, il 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 10 be issued In ac-
cordance with the provisions Of the
Statute Of the State OF Colorado. In
relation to Irrigation Districts, ap-
proved May Sd. 1905, and the acts
amending said statute, and 10 run for
period OF twenty years as speci.
fled in said statutes. and to 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. ia series.
as follows, to-wit At the cxpira-
ton 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 oi 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. no, 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 aud
number OF said bonds. at the ex.
piration OF eighteen ysars. no, less
than thirteen per cent OF the whole
amount and number OF said bonds
at the expiration OF nineteen years.
not less than fifteen per cent OF the
whole amount and number OF said
bombs: at the expiration Of twenty
years percentage sufficient TO pay
of 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 a percentage and
that said bonds shall bear interest at
the rate Of six per cent per annum.
payable semiannually on the first
day OF June and December of each
year.
That at a regular meeting Of said
Board. held AZ the Once OF said Dis
trlc,. In the city OF La Junta. otero
County. Colorado. on the ssth day OF
March, A.D 1910. n special election
was dsly called by said Board. at
which election there shall BE- submit
ted to the electors Of said District
possessing the qualifications prcsorib-
I'd rs Law. the question OF whether
or no, the bonds Of said District shall
be issued. and In the amount 30 de-.
tcrmlncd. and as TO whether said
District shah improve and cniarg
the Ot.ro Canal
And Il vas further ordered by said
Board tina, said special election be
called and held In said District at
III. voting places hereinafter mention.
al sl A. - A..