The Delta independent., 1912-07-12
Legal Notices
ORDINANCE NO. =. 1912.

Delta, IN THE STATE OF COLO
RADo. OF IT'S NEGoTIABLE CoU,,
AaoUST A2s SHos Of. Ten rE III TaoGsANp DOL
kAks; TO sDE BE DESoMiNArEbP J: nnS THb ptiR-
POSE OF REFUNDINc SAID INDEBT-
WHEKkAs. the, City Of Delta. IN the
city bonded Indebtedness in the aggre-
gate sum no OF ten to1sand dollars ,hs r-.t asv
SG0Eu( OF July. oe a. q. on1 isis. Pss and o" '"e
WHEREAS. by resolution. duly adopt
Cd and appr1teS he seventh a;,s anuda DAY OF OF
the said City of Delta. State of Coiora-
90. declared that subject to the ap-
tors Of the said City at a special cleo
tio,i TO be held therein on Tuesd the
Of es'h sad dds City 81 to be denominated % n Re.
i.nuIng Bonus.' should be issued, the
same TO be exchanged dollar for dollar
OF said City OF Delta. Colorado. at not
less than their face value, and the pro
outstanding bonds due and payable
t The mrs. Gay OF July. A p, 1872; has in asi
rrvved April 80: 1901. entitled An Act
State, whether Incorporated under Gen
cIal Law OF under Special Charter; to
nas matuIed or may Hereafter mature.
or has or may heI carter become paya-
bic at the option OF said City or Town
by issuing Heiunding Bonds providing
lor an election and the payment of
the principal and interest and reg
llO of the Session Laws 1895. and all
conflieting Acts" and
| ed and ADOPTED the seventh day OF
May. "A. u. 1872. the said City Council
OF the said City of Delta did deter
ing bonds 10 be issued as aforesaid
| shonld be ten thousand dollars. and
ana ndns has of ORE
been made and entered upon the rec
ords Of , said City, Council. and
Series of 1912. entitled An Ordinance
providing for the submission of the
SeS'it. the City u indebSedness ] % TO the % SoSe Of Of
tie qualified electors OF said City. who
are taxpayers under the law. and call
ing an election therefor said special
election TO be held on the 18th day uf
June. a. l.. 1912. tile question OF re-
OF said water works bonds be submit
said Ordinance was, introduced. read
and oIdeIed published on the seventh
day Of MAY. a. u. 1872, and passed
and adopted on the twenty-nrst day of
May. \. - 1872. after having been du-
ly published more than ten days prior
to the adoption OF the same and duly
published after its adoption and made
1he question of refundng the said
ten thousand dollars ,slo.cOv.OoD wate.
FIRST day OF July. a. II. 1912. was. i'll full
conformity with law. submitted to the
qualified electors Of the said City OF
Delta at special lection held in said
city on Tuesday. the 18th day OF June.
wiIEIiEiS. by rvs..Ition, duly adopt
ed and approved the seventh day of
'Iay. !; y; 1879. the city Council of
that said election resulted in favor of
rofunding ten thousand dollars sl0.ooo)
water Nosks oonus, que ana payable
ng a. = Rf fhsal
Now, THEREFoRE, Be it ordained
SECTION l.
That negotiable interest bearing cou-
pom bonds in the name Of the City OF
Delta be issued in an amount equal
TO the bonds to be refunded as hereto
fore determined by said Council. to-
thousand dollars SlO.OOo.Oo). for the
purpose OF Iefunding city water works |
bonds. due and payable the first day |
SECTION II.
That the mayor and city clerk Of
said city of Delta be, and they are |
hereby authorized and directed to have |
coupon bonds OF said city in the aggre-
gate amount OF ten thousand dollars
$4,000. .00).
SECTION M.
That the said refunding bonds shall |
bear date OF the FIRST day OF July, \. II. |
1912. shall be payable at the option OF |
the City OF Delta ten years after date. |
and shall be absolutely due and pay |
able twenty years from date thereof !
and shall consist OF twenty bonds in the |
denomination OF Five Hundred Dollars ]
$500. Ool each, numbered consecutiVely !
from one to twenty, both numbers IN
elusive.
The interest shall he payable semi-an- /
nually at the rate OF hNe and half I
l5isl per cent per annum ON the hrst
day of January and the iirst day OF I
July i'm each year, at the office OF the |
City Treasurer in Delta. Colorado. or at
the banking house Of Il. u. Rollins 4
states OF America, at the option OF the |
holders OF the interest coupons evidene-
ing said interest. Said bonds shall he
signed by the mayor OF said city, at
tested by the city clerk and counter,
bear the seal OF the said city: and the |
coupons thereto annexed representing |
be signed by the city treasurer by orig
inal or by iithoEraph signature; and the
said bonds shall be registered by the |
state auditor in a book bound and kept
by him for that purpose, and when said
bonds shall be SO signed aud registered
by the state auditor of the state Of
Colorado. the legality thereof shall not be
open TO contest by said CITY of Delta. |
or any person for or on behalf Of the
ever.
SECTION ".
That the said bonus and coupons
thereto annexed shall be in substantially
the follow ing form:
United States OF America,
state of Colorado. County OF Delta.
REFUNDlNG BONDS.
No-------- $500 90
The City OF Delta. in the county OF
Delta, and state of Colorado. hereby
acknowledges itself indebted and prom
ises to pay to the bearer i've hundred
dollars $500. o0l. lawful money OF the
United states OF America, for value re-
ceived. redeemable at the pleasure OF
said city after ten years. and absolutely
due and payable twenty years from the
In, IL. IL h..ltn lA..lIn