Deming graphic. (Deming, N.M.) 1903-1948, 1911-03-17


An ordinance providing for the execution and ..
4uance of the neEoiInbs coupon hqnts q ne
Niilaft Of pemings LuEA county sew hox,so
sifnciiss ~ s.n.tary sewer system ~ ard fef
all v....rs, prescribing s,,r towns 81 raid bonr
and Of he iltrrrst coupons to b. thlreio eiinch-
81 providing for the levy Of ~ annual TAX sum-.
cen, g pay sss 'a,sss e. ~ sd S ,hs dsmp
ton Of said honda At maturity; and hxing me
other details OF the Issue.
WIiEitEAa. At an election called and held In
tho Village Of DcminR, County Of Luna and Ter
Il Ill ssspssss II stfist e compliance with ths pies
aions Of the laws Of the TERRITORY Of New Mexico.
and particularly with the provisions OF chapter
% Laws Of New Mexico Of 1907, and Of IN act o.
the Congress q the United State. O. America;
10 amend an act IN prohibit the pansage Of local Q.
special laws N The territories. 70 limit territorial
indebtedness. lr.d 20 FORTH moro than two-thirds
81 the qualified voters OF said village. who were
The owners Of real OF personal properly subject 70
assee o. tbs negotiable coupon bonds o. sad VIZ
iaec 10 an amount anQfcGatinE The principal sum
Of <3SOc0 for the purpose Of providing the neces-
aafy funds for constructing vstem Of sanitary
plans spsciaeations and esiinaisa submitted to
the Board Of Trustees q said Village and ep-
proved by said Board at It's meeting Of November
:. A. d. 1910; and
WHEREAS. After due advertisement the boeri
Of Trustees Of snid Village have sold and awarded
sad bonds 10 Messrs Mccoy 4 Company Of The
City % Chicago. IN the State Of llInois. nj price
above par and accrued interest: and
WHEREAS. II a necessary 70 now prcacnpt
the forms q said bonds and OF the INTEREST eea.
dctaill Of the issue: Now, Therefore.
BE 1T ORDAINED by the Board Of Trustees
o. The VILLAGE Of Deming. Territory OF New Mex
leo:
section 1. That for the purpose Of providing
the necessary funds Tor he eonstruetion Of san
itafy sewer system In and for the Village OF Dem.
ing. In the County Of Luna, In the Territory Of
New Mexico. pursuant 70 plans. organizations ana
estimates heretofore submitted TO ana approved
and adopted by the Board Of Trustees Of said WI.
iege. there uhail be and there are hereby ordered
and directed 20 BE- iasned the negotiable coupon
bonds Of naid Village 10 The aggregate amount OF
$4,000 Said bonds shall be designated Sanitary
Sewer Bonda. shall be thirty-eght las) In number
numbered From 10 ~. both inclusive. and Of the
denomination Of $1,000 each: shall hcar date Of Feb
ruary l. A. d. 1911. and shall become due and pay
able on February I. A. ID. 1871. but shall b. re-
deemablc at the option OF aaid Village on any IN
tereat payment date after twenty years from their
date. Said bonds shall bear interest from their
date until paid at the rate Of five 90 per centum
per annum. payable sem-annuay on the LIST days
Of February and August In each year. which In
atnllmcnta Of interest 10 data OF maturity OF prn-
eipal shall be evidenced By appropriate COUPONS
and principal Of said bonds shall be payable In
lawful money Of the United States Ct America. at
the Chase National Bank. In the City and State Of
New York.
the interest coupons 10 be thereto attached shall
be In substantially the following forms. respee-
lively, to-wit:
form Of Bond.)
United States Of America
Territory Of New Mexico, County Of Luna
Village Of Deming
No. Sanitary Sewer Bond $1,000
KNOW ALL MEN BY THESE PRESENTS:
That the Village Of Dcmng. In the County OF
Luna and Territory Of New Mexico. aeknowl-
edges itself To owe and for value received hereby
promises 70 pay 10 bearer the sum Of ONE
THOUSAND DOLLARS on the First day Of
February. A. ID. 1871. or before said date nj the
the option Of said Village az hereinafter mention
ed together with interest on said sum frDm the
date hereof until paid at the rate Of FIVE PER
CENTuM per annum. payable semi-LEnually on
on the First days Of February and August In each
year. M evidenced by and upon the presentation
and surrender OF the interest coupons hereto at
taened as they aeverally 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
Of when due as aforesaid the full faith credit and
resources Of said Village are hereby irrevocaby
pledged.
This bond IL rcdecmablc ut the option Of said
Village ON any interest payment date after twenty
years from the date hereof
This bond Is issued by said Village for the pur.
pose OF providing the necessary gands for con.
structinx aanitary sewer system In and for said
Village. In accordance with ths afimaliye vote Of
more than two-thirus Of the qualified voters Of
said Village owning real or personal propcrty sub
iect TO taxation therein. voting al an election
duly called and held In said Village for the pur.
A q.
an ordinance duly passed by the Board Of Trustees
of said Village and duly approved and recorded
and under. by virtue Of. and In all respects IN
strict compliance with the provisions Of an act Of
the Congress Of the United States Of America
approved March I, A. ID. ISIS. entitled: An act
special laws IN the territories 10 limit territorial
indebtedness. and 20 forth" and Of an act passed
BY the Legislative ASSEMBLY 81 the Territory Of
New Mexico, entitled: An net to authorize In.
corporatcd cities. towns and villngca having d
bona iide population Of not less than one thousand
persons, 10 issue bonds for sanitary and health
purposes. the construction Of sewers. waterwCrks
and the Improvement Of streets" approved March
i6. A. ID. 1907.
And Il II hereby certified, rccited and warrant.
ed that said Village Of Deming. was on January
10, A. ID. 1911. and now Is municipal corpora.
alton duly organized and operating under and hy
virtue OF the general laws Of the Territory Of New
Mexico governing villages; that said date Il had
hih INV nus uoHu tiuc puputhtlon ut more unhn
one thousand peuons as shown by the last school
census taken prior to said date. and also as shown
by the 1910 Federal census; and all things, acts
and conditions required by theActs Of the Congress
Of the United States Of America and by the Laws
Of the Territory Of New Mexico. TO happen and BE-
done and performed precedent TO and In the isau.
anee Of this bond In order 10 constitute the same
the valid and binding obligation Of said VillaRe
have happened and been properly done and per.
formed 10 regular and due form and time as re.
quired by law that the total Indebtedness Of said
Village. Including this bond, does not exceed ans
Limitation imposed upon said Village by any law
Of the United States Of America or Of the Terri.
tory Of New Mexico; and that due provision has
been made for the levy and collection Of direct
annual tax upon all Of the taxable property In said
Village, IN addition 10 all other taxes sufficient q
pay the interest on this bond when due and "a
create and maintain a sinking fund for the re.
demptlon OF the principal hereof nj maturity.
IN WITNESS WHEREOF, said Village Of
Demlng, by its Board Of Trustees. has caused thi,
bond 10 be signed by the Chairman Of aaId Board
and by its Village Clerk. and countersigned and
registered by lis treasurer. and It's corporate sea-
To be hereto affixed and each Of the interest
coupons hereto attached TO be executed BY the
autographed fac aimile signature Of said Village
treasurer. the LIST day Of February. A. d. 1911.