The Delta independent., 1911-05-19
DEBTEDNt.Ss AND OUTSTANDING LEGAL
WARRANTS OF THE CITY
To whom it may concern:

To whom IL may concern;
Public notice L. hereby given thu; tho city Of
Delta. in the -tstc OF colorado. hhs authorized
th.. issue Of its negotiable. coupon bond- in tb,
the purpose - funding iik. amount of tn.
noatlnr indobt"dnc'- aud outstanding LEGAL
be made with thirty days after tn. hr-t publ
cation OF this hotice. daring which time any
holder OF outstanding legal warrants OF the city
OF Delta may exchange the sans A. par for
bonds at par. by application at th. ofice Of tn.
city treasurer of said city in Delta, Colombo. and
the presentation Of -ald warrants for exchange.
as aforesaid.
Dated at Delta, Colorado, ......................
1911.
...-...--..t zee. ....+...........
City Clerk.
first publication ................ ..........
Last publication .......... .................
bonds hereby arthorz.u -hnll be duly registered
by the city clerk in book kept for that pu rpose
therein noting the date. optional and maturity
dates interest paying periods. and tho rs-pec-
tive Interest and principal amount. And the
city treasurer shall k-cr like register, and
shall enter therein tho hoatipg indebtedness and
outstanding legal wnrrant- Of the city OF Delta
which may bc funded by the issue Of the bands
hereby authorized Said bonds hcruby author
lied shall be executed and delivered from time
70 time only NJ fast "a lik. principal amount
OF the Heating indebtedness and outstanding
legal warrants of III" city of Delta IL presented
Tor payment or r'dcmution. and in -nch manner
that no increase. In the debt of IN. city Of Delta
shall Mt any time result therefr,m; and said i'm
dcbtedness or legal warrants shall thcreupon lie
lmn"ilaiely cancelled in an amount equal to
or in excess Of the bonds 50 iHsued. and n report
or reports of the proceedings in the execution
and delivery Of the funding bonds hereby
ana cancellation OF the indebtedness thus
fpndc shall be made to the city council by the
Srcuos 3. For tho half yearly interest ao-
crping on each bond actually issued and
annually cause to be collected n sufficient tax
upon AL of the taxable property in said city 10
fuIiy disrbnrge said interest; and for tho ulti-
mate redemption OF snch bonds. tho city council
shnll annually levy, beginning four years from
The date OF ,uch iHsuniice. aud cause 10 b. col
lected such ntas upon all OF the taxable prop
etty in said city as will create "A yearly fund
,,uihcent IN the aggregate with all the nccumu-
bonds within the time of tn. maturity tb,r"of
which fund shall he called the redemption fund;
snd snih taxes when collected shall be kept Tor
anu only applied to the payment Of such interest
rnd principal. respectively, aH the same become
due, and for no other purpo-e whatsoever.
SECTION q. II shall be tho duty Of tho city
treasurer. from the commencement OF tho earliest
maturity period of said bonds. and when there
the redemption fund 10 pay In full the principal
and interest ofany such bonds, Immediately 10
accrued Interest rs the fund. m I'a an D9hna. hsn Win
liguidate. Such b nds shall be cal cd In and
ha,u , IN inc order u their number. and when any
bonds or coupons issued hereunder are taken up,
II shall be the duty OF the ctv treasurer to mark
such bonds md coupons paid and to certify
his action 10 the city council and transmit there,
with such bonds and coupons. and said city
council shall thercupon forthwith cancel the
same. SO that they can be plainly identified as
having been pnid, and shall cnuse n record 10 be
made OF such action; and when 1t ia desired TO
redeem any such bonds the city treasurer shall
cn'ise To be published for ten days In the oficiai
newspaper OF the city of Delta n notice that
certain OF such funding bonds-giving the mum.
Der ana amount of cnch-will be paid upon pre-
sentatinn. and nt the expiration Of such ten
days, such bonds shall cease to bear interest.
SkCTIo> 10. This ordinance shall bc irrencaI-
able unit the Indebtedness herein provided for,
ana the bonds issued as herein provided. shall
have been fully paid
SEuTioN II. This ordinance, after its intro
dnction aud reading shall he published in null
in the Delta independent, n Newspaper OF gen
ernl ci culation. published In the city of Delta
In its issue OF May hth A. d. 1911, and after Its
iinai passnge, shall be recorded In n book kept
Tor thnt pnrpose, be authenticated by the sigma.
lures of the mayor md city clerk shall be pub
lished in said Delta independent, ,.' - -
and shall tako effect and be in force Ave dny.
after II has been NO published.
Introduced, read and ordered publiubs.l tho
End day of May. A. d. 1911 '"'
Adopted and approved this 17tb dav ,f
May, A. ID. 1911. "
. c. J. LIPPERT,
Mayor.