The Delta independent., 1911-09-01
ORDINANCE NO. 6. 1911.

AN ORDINANCE Providing for the con-
| traction of an indebtedness by the
CITY OF Delta, colorado, and upon the credit
thereof by the issuance OF negotiable coupon
/ bonds of said City for the purpose of the con-
sIruction of water works to supply said City
with water for fire and domestic purposes.
| WHEREAS. The City COUNCIL of the
City of Delta, Colorado, by the requis-
| lite vote of the duly qualified electors of
said city has been authorized to erect
maintained by the Cisy and
] WHEREAS, the City Council of the
| City OF Delta. Colofa AGO. do now deem
it necessary to construct said water
works and to obtain the funds there
Now THEREFORE,. Be it ordained
by the City Council of the City of Delta
Colorado:
section / IT That the City of Delta,
S SSnds 10 issue its negotiabIe coupon
ana dollars (s25 .OOO) for the purpose
of construction of waterworks to supply
said city with water for fire and do
nestle purposes and thereby contract
an indebtedness in said amount for
said purposes.
Section 2. That said bonds shall con-
Series a and Series B. respectively Ser
les shall consist of ten ClO) bonds of
one one :, I'll thousand 9l dollars $1,000 each,
both, inclusive and Series shall
.onsist of thirty 800 bonds of five hun
ltom eleven DID to forty (4o1 both
inclusive: and that all OF said bonds
be GATED October st. 1911. and be alb
years after the date thereof and re-
ueemable at the option of said CITY.
at the offi Gears Of after ih The date thereof
SAID city: shall bear interest at the
rate OF hve and one-half go per cent
UNI per anum. payable semi-annuaiiy.
on the First day of April and the First
DAY OF October OF each and every year
until paid at the office of the City
ing house of Kuntze Brothers. in the
city OF New York. State of New York,
at the option Of the holder OF said cou-
pons thereto attached; and both princi-
pal and interest shall be payable in
god coin OF the United States Of Amer
lea; of the present standard of weight
and fineness.
eo!icn 3. That said bonds shall be
sealed sea-, a,v with Thu. the eSrpo;ate seal of
IS" ~ tn City Clerk. and counter
signed by the Treasurer OF Said CITY.
Each of said bonds shall have attached
thereto thirty 800 coupons. numbered
from one % to thirty go both inclu-
slye. each representing a semi annual
assortment OF interest upon said bond.
ana securing the payment OF interest
as II <ccrues, which said coupon shall
be signed by the City Treasurer Of
shid CITY, either bae originally or in fac
bond to which II is attached Said
coupons when so made executed and
delivered as part Of said bonds shall
be the lawful obligation Of said city
securing the payment OF said Interest
in the hands. Of all persons to whom
Section 4. That the form Of said
bonds snail be substantially follows.
Number --
UNITED STATES OF AMERICA
COUNTY OF DELTA STATE OF COLO
WATER BOND
SERIES
The City of Delta in the County Of
Delft ard State of Colorado for value
re ;elHcd. acknowledges itself to owe and
'seo' promises to pay to the barrr
grl coir of the United States Of Amer
i and Of an the present standard of weight
az tie Gnict of said City Treasurer in
sait tiiy OF Delta. with interest there
on at the rate of five and one-half per
centum CD per anum. payable semi
annually In like gold coin. on the first
ober at the office OF the city Treasyr-
er aforesaid, at the banking house
OF s,.i kountzs Brothers, in the CITY and
America at the option of the holder.
UPON presentation and surrender OF an
due The said City. however reserves
me r!rnt to pay said bonds at any
q, after after the first day OF October 10
CITY of Delta for the purpose of the
construction OF water works to supply
said City with water for fire and do
ordinance of said city. duly and in
due time. form and manner made a law
OF SAID CITY prior to the issuance here
Of. and under and by virtue Of and
in strict compliance with the constitu-
ton of the State of Colorado and the
provisions of act Of the general
assembly thereof entitled AN Act in
Relation to Municipal Corporations as
published in the Revised Statutes OF
the State of Colorado. 1908 authorized
by an act of the sixteenth assembly
approved April 9th. 1907. and all am
And it is hereby certified that the
construction Of said water works was
duly authorized by the requisite vote
of the properly qualified electors OF the
said city Of Delta and approved by the
CITY Council Of the city Of Delta, and
that all conditions, acts and things re-
auired to be done precedent to the
same lawful and valid have been prop
erly done and performed in regular
ana due time, form and mannr as re
uuIreu by law; that the total debt of
uYes no. exceed any limit of indebted
ness prescribed by the constitution or
the laws of the State of Colorado, and
that said ordinance provides for the levy
nual interest on this bond and exiting
uish the principal thereof within the
time limited for the same to run, and
contains such other provisions as are
N TETIMONY WHEREOF. the city
of Delta has caused this bond to be
py iIs Mayor, attested by It's city Clerk
and countersigned by It's Treasurer,
this first day of october. AID. 1911.
.....................
Mayor.
(CORPORATE)
SEAL
ACKNOWLEDGEMENTS.
CITY Clerk.