The Delta independent., 1911-05-05

floating indebtedness and outstanding warrants
of sties Ara towns I'M s e. Isa,ion sna saon,.d and
approved the twenty-eghth day OF February.
A. y. 1911. ahe said city council of the city Of
funding bonds to be issued Ms aforesaid should
be thirty thousand dollars; and
WHERE ~ certificate of such finding and
determination has heretofore been made aud
entered upon the records of said city council;
WHEREAS by Ordinance No. II. Series of
1911. entitled. AN Ordinance providing for the
su admission tn a vote of the duly qualified tax
paying electors of the city of Delta at the gen
ernl election of municipal officers TO DE held in
said city on Tuesday. the fourth day OF 'pril.
Indebtedness and outstanding legal warrants OF
said city adopted aud approved March u. 1911.
and duly published and made a law OF said city.
the question of funding legal floating indebted
Meas aud outstanding legal warrants Of raid city
was, In accordance with law. submitted To a
vo e of the duly qualified electors of said city Of
Delta at the general election of municipal
officers held in said city on Tuesday. the fourth
day of April ~. ID. 1871; and,
WHEREAS. upon canya-sinR the vote cat al
said election. it appeared that a majority Of all
the votes cast were in favor OF finn inR; and,
WHEkEA~ by n resolution duly adopted and
approved the 2nd day Of May. 4. ID. 1911. the city
c ,uncil of the city Of Delta dgly declared that
said election resulted in favor Of funding the
floating Indebtedness and outstanding legal
warrants Of the said city OF Delta Now there-
BE 1T ORDAINED by the city council OF the
city of Delta Colorado:
SECrIos /. That negotiable, interest barring
be is-ued in an amount equal TO the floating in-
ebtednes- and outstanding warrants as hereto
I. re- determined by the city council. to-wit. in
the aggregate amount of thirty thousand collars.
for the purpose of funding the floating indebted
ne-s and outstanding legal warrants Of the city
of Delta.
SECTION 9 That the mayor and clerk Of -nid
city of Delta be aud they are hereby authorized
and directed to have prepared the negotiable,
interest bearing coupon bonds of said city in
the said aggregate amount oil thirty Thousand
dollars
SECTION 8 That said funding bonds shall
bear date & q fr-t day May. A. ID. 1911 shall
be payable at the option of the city after ten
years: and shall be- absolutely due and payable
ffteen years from the date thereof: and shall
consist OF sixty bonds in the demon inatiop Of
five hundred dollars each. nurnbercd con-ecu-
lively from one to sixty. both numbers inclusive.
The interest NJ on raid bonds shall bs pay able
semi annually the rate of nve aud oue-hAlf
per cent per apnum on the hr-t dsy of November
and the first day of May in each year. at the
Office of the city treasurer in Della Colorado. or
the city of New York. U. .. A.. ut the option Of
the holder of the interest coupons evid~ncing
said interest. Said bonds shsll be signed by the
mayor Of the city. attested by the city clerk and
countersiRned by the city treasurer. and shall
bear the seal of the city: and the coupons there
to attached. representing the semi annual inter
est thereon. shall be signed by tn city treasurer
by his engraved fac .simile signature. and when
40 signed shall be taken to b, the valid obliga-
tions of said city evid.ncing said interest.
bEcTIos T. That the said bonds and the
coupons thsr~to attached shall lbs in .ubstAn-
TALLY the following form