Deming graphic. (Deming, N.M.) 1903-1948, 1911-03-24

An ordinance providing for the execution and ~
suHnce a fhe neRolihhie coupon bonds % me
Village of uemina. Luna cnunts, New Mexico
Territory. p the enount Of sl2Vop. Tor tho con
s.,u Village; prrsrrir'nr the fqrrnr Of ss'a nonqn
and Of tho interest cuapons u b thereto attach
q, providing for The levy Of m annual tax SAN.
cient 70 pay the interest on eeid bonds when due
ion q aid bonds a maturity; and iizInx the
WiIERfXS. AZ an election called and held In
the Village Of DcninG. County OF Luna and Ter
ritoty of New Mexico on january 10, A. u. lsli.
sIoss u he laws Of The TERRITORY Of New Mexieo.
8 Laws * New MexIeo q iso7. and Of an act o.
the ConRrsss OF tho United States Of Ameriea.
to amend an act In prohibit the passage Of local OF
special laws In the territories. 70 limit tcritcfi.l
Indchfedneas and 10 FORTH" more than two-thirds
Of the qualified voters Of said village. who were
TAXATION therein i voted armaiissy for he issu-
ahcc Of the negotiable coupon bonds Of said VIZ
Iaeo 10 an amount aEnfcxatinR the principal sum
Of LOCO for the purpose Of providing the mecca
sars funds for constfue,ine aaystsm o. sanitary
| pianr specifications and estiinntes admitted TO
! the Board Of Trustees of naid Village and ap-
proved BY said Board At liz nectinE Of November
WHEREAS. After dus advertisement the Board
Of Trustees 81 said vlIlsge have ao!d and awarded
/ said bon,a 10 Mcpurs Mccoy u Company Of the
City Of Chicago. Ia the State Of Illinois. At price
above par and accrued intercAt; and
the forms q sad bonds and Of ths interest ecu-
pons n b. thereto attached and 10 Ok tho other
details OF the iasuc: Now Therefore.
BE II ORDAINED by the Board Of Trustees
Of the VillaEe Of Dcming. Territory OF New Mex
Section |. That for the purpose Of providing
the ncccfsnry funds for the construction Oh san
tary sewer system IN and for the Village Of Dem.
Ing. u Thy county q Luna IN the Territory q
estimates heretofore submitted 10 and approvcd
and adopted by the Board Of rrustecs Of said WI.
lagc there shall be and there arc hereby ordered
and diIeetcd 70 BE- issued the negotiable coupon
bonds Of saId Village 10 the agErerate amount Of
s3s.00O Said bonds shall be dcaignated Sanitary
Sewer honda shall be thrty-eRht tssl In numbcr
numbered from 10 q. both inclusive. and Of the
denomination Of siooo each: shall bear date Of Feb
ruary I. A. d. 1911. and shall become due and pay
able ON February I. A. ID. 1871, but ainli he re
dcemnblc nj the option Of said Village On sny In
tcrcst payment date after twenty years from their
dnte. Said bonds shall bear interest from their
date until paid At the rate Of 1--WE tb) per ccntum
u February and August In each year. winch IN
stalimcntn Of interest 10 date Of maturity OF prin-
eipal shall be- evidenced BY appropriate coupons
attached 10 each bond; and both the interest on
lawful noney Of the United States 81 Ameriea at
the Chase National Rank. In the City and State Of
New York.
section2L That each Of said bonds and each Of
the interest coupons 10 be thereto attached shall
be sn substantially the following forma. respcc-
lively. to-wic
TORN Of Bond.l
United States Of America
Territory Of New Mexico. County ~ Luna
Village Of Deming
No. Sanitary Sewer Bond $1,000
KNOW ALL MEN BY THESE PRESENTS:
That the Village Of Dcming. IN tho County Of
Luna and Territory Of New Mexico, aeknowl-
edges itself To and for value received hereby
promises TO pay 10 bearer the sum 81 ONE
/ THOUSAND DOLLARS on the Frat day Of
February. A. ID. 1871. of before said date at the
the option Of sad Village, as hereinafter mention
rxl. together with interest on said sum from the
date hereof until paid at the rate Of FIVE PER
CENTUh per annum. payable semi-nnnualy on
on the First days 81 February and August IN each
year. M evidenced by and upon the presentation
and surrender of the interest coupons hereto at
tacncd ~ they sevcraly become due. Both the
interest on and principal Of this bond are payable
In lawful money of the United States Of America
at the Chase National Bank In the City and State
Of New York; and for the prompt payment there.
81 when due aforesaid. the full faith credit and
rcsourccs 81 said Village are hereby irrevocably
pledged.
This bond IL r~lccmable nj the option Of said
! Village on any interest payment date after twenty
This bond Is issued BY said Village for the pur.
pose of providing the necessary funds for con.
struetinR sanitary sewer - stem In and for said
Village. In acconianec with the Affirmative vote Of
more than two-thirda Of the qualified voters Of
said Village owning real OF personal property sub
iect 10 taxation therein, voting at an election
duly called and had In said Village for the pur-
pose. on January 10. A. ID, 1911: and pursuant 10
an ordinance duly passed by the Board u Trustees
I 81 said Village and duly approved and recorded:
and under. ~ virtue %, and In all rcspeets In
strict compliance with the provisions Of an act Of
the Congress 81 the United States Of America.
approved March 4. A. u. iHs. entitled: An act
10 amend an act 10 prohibit the passage Of local or
special laws In the territariea. 10 limit territorial
indebtedness. and 70 forth. and of an net passed
by the Legislative assembly Of the Territory Of
New Mexleo, entitled; An act to authorize in
corporated eities towns and villages. having a
bona iidc population Of not less than thousand
persons. 10 Issue bonds FOR sanitary and health
purposes. the construction Of acwerA waterworka
and the Improvement Of streets approved March
iG. A. ID. 1901.
And Il l. hereby certified. rccite,l and warrant
Ell that said Village Of Deming. was on January
10, A. ID. 1911. and now Is q municipal corpora.
ation duly organized and operating under and by
virtue % the general laws of the Territory Of New
Mexico governing villages; that On said date Il had
and now has a bona hdc population Of more than
one thousand persons ~ shown by the last school
census taken prior 30 said date. and aiso ms shown
by the 1910 Federal census; and al things acts
and conditions rcquircd by thcAeta Of the Congress
81 the Unitcl States Of America and by the laws
Of the Territory Of New Mexico. to happen and be
done aud performed precedent la and IN the issu-
ancc " this band In order 20 constitute the same
the valid and binding obligation Of said Village,
have happened and bccn properly done and per.
formed In regular and due form and time M ~.
CURED by law; that The total Indebtedness Of said
Village. including this bond, does not exceed any
limitation imposed upon said Village by any law
81 the United STATES Of America or Of the Terri
fftru ~ Nav Lem hat -.
been made for tho loyy and coll-ction Of q dircc,
annual tax upon all Of the taxable property In aad
Vlllnge in addition 10 al other taxes sufficient Ia
pay the interest on this bond when due and 10
create and maintain q sinking fund for the re-
dcmptlon o. the principal hereof ut maturity.
IN WITNESS WHEREOF. said Village Of
Deming, by ia Ioard u Trustees. has caused this
bond 10 be signed by the Chairman of aaid Board
and By its Village Clerk and countersigned and
Registered by It's treasurer. and It's corporate seal
% be hereto affixed. and each Of the interest
coupons hereto attached TO be executed by the
autographed fac aimilc signature Of said Village
treasurer the lat dny Of February A ID iQii