The Delta independent., 1912-06-28
ORDINANCE NO. 4, 1912.

AMOUNT OF TEN THOUSAND DOL
LARS. TO BE DENoMniNATE1DI MIN ,Ir1 p IRE IRE
FDSpING M p g3TDS sspSSrNE tok sAIb TS ISbERT P9K
WHEKEAs. the City of Delta. in the
city bonded Indebtedness in the aggre-
gate sum of ten thousand dollars ,ha srs 80,
OF July, A. d. 1872, and
| WHEREAS. by resolution. duly sdopt.
ed and the sits aouda daK of
90, % ceelaIe tlat subject to the ap-
tors of the said City at a special cleo
ton to be held therein on Tuesday. the
18th day Of Of June 4; A. ID; a,n lslI; the bonds ,p
funding Bonds" 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-
purpose of paying and redeeming said
The tirs. day of July, A p ,hs lsl2 dns,s in aei
proved April 60: 1901: entitled An Act .
State, whether Incorporated under Gen
cial Law or under Special Charter to
refund their bonded Indebtedness which
| or has or may hereafter become paya-
BILE at the option of said city or Town
by issuing Relunding Bonds providing
ior an election and the payment OF
the principal and interest and reg
i1o a1ot of the session M Laws isys' and ali
WHEKE.As. by said resolution APPROX.
ed and adopted the seventh day of
May. A. d, 1912. the said city Council
of the said City of Delta did deter
ing bonds to be issued as aforesaid
should be ten thousand dollars. and
WHEREAS. a tihcate OF such de
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
question of ref1ndng water bonds Of
the qualified electors of said city. who
are taxpayers under the law. and call;
election to be held on the 18th day OF
June. A. d. 1912. the question OF re
funding ten thousand dollars (sl0. .O00)
of said water works bonds be submit
Said Ordinance was introduced. read
and ordered published on the seventh
day of May. A. ID. 1912, and passed
ana adopted on the twenty-firs day of
MAY. A. ID. 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
Ihe question of refunding the said
ten thousand dollars CS1O.OOV.OOJ water
first day of July. a. d. 1872, was, in fun
conformity with law. submitted to the
/
l,elta at a special election held in said
City on Tuesday. the 18th day of June.
A. d. 1912. and
! WHEREAS. by resolution. duly adopt
ed and approved the seventh day of
sIay. \; y, 1912, the city Council of
that said election resulted in favor ' OF OF
r.funding ten thousand dollars $50. .000)
| water works bonds due and payable
Now. THEREFoRE. Be it ordained
by said Council of said City of Delta.
SECTION l.
That negotiable interest bearing cou-
pom bonds in the name of the city of
fore determined by said Council. to-
an the sosIs of ,sa ,ss
purpose of Iefunding city water works
bonds. due and payable the first day
SECTION u.
That the mayor and city clerk OF
said City of Ieita be-, and they are
hereby authorized and directed to have
prepared the negotiable interest bearing
coupon bonds of said City in the aggre-
gate amount of ten thousand dollars
SECTION III.
That the said refunding bonds shall
bear date of the first day of July, y. -.
| tie City Of Leila ten yeals after date.
and sLall be absolutely due and pay
able twenty years IRON date thereof.
and shall consist Of twenty bonds in the
denomination OF Five Hundred Dollars
$500 go each. numbered consecutively
| from one to twenty. both numbers In
elusive.
The interest shall be payable semi -an
nualIy at the rate of nNe and a half
| t5IsJ per cent per annum on the first
day OF January and the first day OF
july in each year, at the office of the
City Treasurer in Delta. Colorado. or at
tie banking EoUse OF f.. II. Rollins X
sons. in the CITY of New York. United
| states of Amer lea, at the option Of the
holders OF the Interest coupons evidenc-
ing said interest. said bonds shall be
signed by TIE mayor Of said city. at
signed by the city treasurer. and shall
bear the seal Of the said city: and the
the semi annual interest thereon shall
be signed by the city treasurer by orig
nal by lithograph signature: and the
said bonds shall be registered by the
state auditor in book bound ana kept
by him for that purpose, and when said
bonds shall be so signed and registered
by the state auditor OF the state Of
Colorado. the legality thereof shall not be
or any person for behalf OF the
said city of Delta for any reason what
ever.
SECTION ~.
That the said bonds and coupons
thereto annexed shall be in substantially
the following form:
United states Of America,
state of Colorado. County of Delta.
REFUNDING BONDS.
MOI $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 five hundred
dollars t$500.00). 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
date hereof at the Office of the city
treasurer in the City OF Delta. Delta
county, Colorado. with interest there
on at the rate OF five and one -haif per
centum per annum. payable semi -annu-
ally on the first day OF January and
| -. I,.,, I,,I,s