La Junta tribune. (La Junta, Bent County, Colo.) 1881-1939, 1911-07-08
Proposed Ordinance Nc. 2o7.
AN ORDINANCE PROVIDING FOR

10 supply the city OF La Junta with
water. providing for certain extern
sions and additions TO the system
Of waterworks now owned and OPP
Grated by the city OF La Junta, and
to provide for the issue OF the ne
gotiable coupon bonds of the city
TO raise funds therefor. and to pro-
vide tax levy for the payment Of
the principal and interest thereon
Whereas. under the authority OF
the constitution and laws OF the
state OF 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
system Of waterworks 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
waterworks 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 aud for the pub.
lie welfare; and.
Whereas, Ia the opinion OF the city
council. the sum OF ten thousand dol.
lars should BE- expended for the pnr-
poses aforesaid, and. IN that behalf,
1t is necessary to obtain such funds
by the issue Of the negotiable coup.
on bonds Of the city In the said az,
grcgate amount Of ten thousand dol
lars. now therefore.
BE il ordained by the city council Of
the city Of La Jnnta, Colorado
/ Section ]. That the system OF
watcrworks for fire ana domestic pur-
poses now owned. managed and op"r.
atsd by the city OF la Junta BE- Inn
/ proved and extended. constructed and
reconstructed 50 that the city may
hay. au adequate supply OF water
for fire and domestic purposes, In ac-
cordancr with plans and specified.
tons adopted or To b. adopted by
the city council Of said city.
Section ? That for the purpose Of
providing funds for tho construction
Of such works. and TO supply the
city with water. a. aforesaid. the
city shall issue It's negotiable oou-
pom bonds. In the aggregate amount
Of ton thousand dollars TO be desis
mated la Junta Water Bonds. Sc
rics Of lsli." aud consisting OF ten
bonds In the denomination Of one
thousand dollars each. payable in
lawful money Of the United States
and b. airing interest from and after
. NV AAAnA way VI NViNAf =. -" 20 s'"h
the rate OF four and ouc.half per
c"ntum per anuum. payable semi-an.
nually on the first day Of October and
tho first day Of April In each year
. The said bonds shall b. numbered In
regular aud consecutive order, com.
mancing With bond number one, and
shall BE- payable Ia the order OF their
number on the first day Of April
\. u 1896. with the reserved option.
however, OF the riEht TO pay the
same az any time after the first day
Of April. 4. D. 1891 said bonds and
the coupons attached thereto shall
b. payable Al the office Of the city
treasurer u said city IN la Iunta,
Colorado or az thu banking house Of
Kountya Brothers. iu the city Of
New York, az the option Of the hold.
or said bonds shall bgar dat. the
frt day OF April. 4 d 1914. shall
be- signed by the mayor aud attrsted
hy the city clerk. under the official
seal u said city. oouutrrsiFncd by
the city treasurer. and shall be-
recorded IN a book To be- kept by
the city clerk for that purpose
There shall b. attached 10 each bond
thirty coupons numbered consecutive.
ly from one TO thirty. both numbers
inclusive. each coupon representing
srmiannuhl iusiallment Of inter
est on each bond 60 which II Ia
attached aud securing tho payment
uf interest a. b arrrurs. aud said
coupon shah bear tho original or fac.
aimile signature ~ tho treasurer Of
said city and The number Of the
bond to which n is attached. and
said coupons. shvn 80 made. r,ecut.
cd and delivered M part Of said
bond Ia which the same are attached