The Julesburg grit-advocate., 1911-02-23
Ordnance No. 81.

W 0N818998OS wv ~ y .
AN ORDINANCE to provide for tie
issuance of the negotiable coupon
bonds of the town of Julesburg to
raise funds for the construction. ex-
tension and completion of . system
of wsterworks for the town of Jules
burg; and to provide for the payment
of the principal thereof and the in
tsrest thereon.
Whereas, = majority of the duly
qualified electors of the town of Jules
burg, voting At special election in
said town. held on the fourth day Of
February, A. ID. 1907. voted in favor
of the erection and construction Of q
system of watervorks to be owned,
managed and operated by the town;
| and,
Whereas. by an ordinance Of said
town. duly adopted and approved tie
18th day of February. A. D. 1907. pro-
vision was made for the construction of
4 system of waterworks for fire and
domestic purposes to be erected and
constructed by the board of trustees
of the town of Julesburg. Of such
capacity. extent and magnitude - to
said board might seem necessary for
the needs of the Inhabitants Of said
town, said system to be owned. man.
aged and operated by the town; and,
Whereas. by said ordinance provi-
sion was made for the issue of the ne
gotiable coupon bonds of the town in the
aggregate amount of $37, ,OOO. 90, bearing
date the first day of March, A.. D. 1907,
which bonds were duly issued by the
town and the proceeds thereof used in
the construction of said system of wa
terworks land,
Whereas, by ordinance No. IS duly
adopted and approved on the 25th day
of July, A. d. 1910, provision was
made for the issue of the negotiable
coupon bonds of the town in the fur
ther aggregate amount Of fifteen thou
sand dollars, bearing date the first day
of August, A. D. 1910, which bonds
were duly issued by the town and the
proceeds thereof used in the construc-
tion of said system of waterworks;
and,
Whereas, the said sums expanded ~
aforesaid, have proved insufficient to
complete system of waterworks of
sufficient capacity, extent and magni-
tude as is necessary for the needs of
the inhabitants of said town Of Jules
burg; Now Therefore,
Be IT ORDAINED BY The BOARD OF
TRUSTEES OF THE Town OF JuLEsBURG:
Section l. That for the purpose of
providing funds for the construction,
extension and completion of its system
of waterworks, the town shall issue
its negotiable coupon bonds in the a2-
gregate amount of eight Thousand dol
lars ($s. 900. .0O) consisting Of eight tsJ
bonds in the denomination of one
thousand dollars 81, ,0O0.OO) each, pay
able in lawful money of the United
States and bearing interest from and af-
ter the first day of March, A. d. 1911, at
the rate of six per centum (6q6) per
annum, payable mi-annually, on the
first day of March and September of
each year, and evidenced by coupons
attached to said bonds. Said bonds
shall be designated, water bonds,
series of 191l," and shall be numbered
IN regular and consecutive order COM
mencing with number one, and shall be
absolutely due and payable in the order
of their number ON the first day of
March, A. D. 1921; said bonds and the
coupons attached thereto shall be pay
able at the banking house of Kountze
Brothers, in the city of New York;
said bonds shall bear date of March
the first, A. d. 1911. shall be signed by
the mayor, attested by the town clerk
under the official seal of said town, and
shall be recorded in q book to be kept
by said clerk for that purpose; all cou-
pons shall bear the original or fac-sim-
lie signature of the treasurer of said
town.
Section 2. Said bonds shall be in
substantially the following form:
United States Of America
State of Colorado
County Of Sedgwick
Town Of Julesburg
WATER BOND
SERIES OF 1911.
No. 100000
The town Of Julesburg in the county
of Sedgwick and state of Colorado,
hereby acknowledges itself indebted
and promises to pay to bearer,
on the first day of March, A. D. 1921,