La Junta tribune., 1911-07-22
Prpoossd Ordinance No. 2o7.
AN ORDINANCE PROVIDING FOR


the construction Of waterworks and
to supply the city Of La Junta with
water. providing for certain exten.
sions and additions to the system
OF waterworks now owned and op.
Grated by the city OF La Junta.and
to provide for the issue OF the me-
gotIable coupon bonds of the city
TO raise funds therefor. and to pro-
vide a tax levy for the payment OF
the principal and Interest thereon.
Whereas. under the authority OF
the constitution and laws OF the
state o! Colorado now In force, and
the requisite approving vote OF the
properly qualified voters OF the city.
the city OF La Junta has the power
TO erect, maintain and operate a
system OF wa,erworks for the purpose
OF supplying the said city and the
Inhabitants thereof with water for
fire and domestic purposes; and.
Whereas, the existing system OF
watervorks acquired In full confor.
NIFTY with law and now owned and
operated by the city Of La Junta Is
insufficient to meet the growing
needs OF the city and the inhabitants
thereof. and.
Whereas. In the opinion OF the city
council, II IS necessary to provide a
more adequate system for the pur'
pose OF supplying the city with
water. in order to safeguard the
health OF the people and for the pub
lie welfare; and.
Whereas, in the opinion of the city
council. the sum OF ten thousand dol.
lars should be expended for the pur-
poses aforesaid. and. In that behalf.
II Is necessary 10 obtain such funds
by the issue OF the negotiable coup.
on bonds Of the city in the said az.
gregate amount OF ten thousand dol
lars, now. therefore.
BE 1t ordained by the city council OF
the city Of La Junta. Colorado:
Section /. That the system Of
waterworks for fire and domestic pur.
poses now owned. managed and oper-
ated by the city OF La Junta be i'm.
proved and extended, constructed and
reconstructed so that the city may
have an adequate supply OF water
for fire and domestic purposes. In ac-
cordance with plans and specihca-
tions adopted or 10 b. adopted by
the city council Of said city.
Section > That for the purpose Of
providing funds for the construction
of such works. aud 10 supply the
city with water. as aforesaid. the
city shall issue It's negotiable cou.
pom bonds. In the aggregate amount
of ton thousand dollars to be- desis.
mated La Junia Water Bonds. Sc
rics OF 1871" and consisting Of ten
bonds ia the denomination OF one
thousand dollars each. payable In
lawful money Of the United States,
and b. airing Interest from and after
the first day OF April. a ID. 1911. at
the rate Of four and one-half per
centum per annum. payable scmlan-
nually on the first day OF October and
the first day of April In each year
The said bonds shall b. numbered Ia
regular and consecutive order. com.
mencius with bond number one. and
shall BE- payable Ia the order of their
on the first day Of April
4. u. 1896. with the reserved option.
however. Of the right 20 pay the
same al any time after the first day
OF April. \ D. 1891 said bonds and
the coupons attached thereto shall
be payable at the office OF the city
treasurer 0f said city In la Junta,
or at the banking house Of
kountzr Brothers, In the city Of
New York. at the option Of the hold.
.r. said bonds shall bar date the
first day Of April. A u. 1911. shall
b. signed by the mayor aud att-sted
by the city clerk. under the official
seal OF said city. countrrsigncd by
the city TREASURER, and shall b.
recorded IN book to be kept by
the city clerk for that purpose
There shall BE- attached 10 each bond
thirty coupons numbered consecutive.
ly from one 10 thirty. both numbers
inclusive. each coupon representing
a scmlannual iustallment Of inter.
ct on each bond 20 which Il il
attached and securing the paymen,
Of interest a. Il accrues. and said
coupon shah bear the original or fac.
smile signature of the treasurer Of
said city and the number Of the
bond 90 which IL l. attached. and
said coupons, when - made. o1ecu,.
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