The daily sentinel., 1913-10-24

of November. 1913.
CHARLES X. HOLNBURG,
(seal.) City Clerk.
PEOPLES ORDINANCE No.
IAN ORDINANCE PROVIDING FOR
THE PURCHASE BY THE CITY
OF GRAND JUNCTION. COLORA-
DO, OF THE NORTHWEST
QUARTER OF THE NORTHWEST
QUARTER OF SECTION THIR-
TEEN, TOWNSHIP ONE SOUTH,
RANGE ONE WEST OF THE UTE
MERIDIAN, IN MESA COUNTY,
COLORADO. S L b - r CT TO
RIGHTS OF WAY FOR ROADS
AND DITCHES ALREADY ES-
TABLISHED, TO BE USED FOR
\ PUBLIC PARK FOR THE SAID
CITY AND THE INHABITANTS
THEREOF AND PROVIDING FOR
THE CREATION OF AN INDEBT-
EDNESS ON BEHALF OF THE
SAID CITY BY THE ISSUANCE
AND SALE OF ITS BONDS IN
THE SUM OF THIRTY THOUS-
AND DOLLARS tS3O.OOO.0O)
FOR THE PURPOSE OF PAYING
FOR THE SAID REAL ESTATE
WHEREAS. The Mesa County In
dustrial and Fruit Fair Association
is the owner OF the Northwest Quar-
ter of the Northwest Quarter of Sec
tion Thirteen. Township One South,
Range One West of the Ute Meridian
in Mesa County, Colorado. subject to
the rights of way for roads and ditch
es already established, together with
the Improvements thereon. which
real estate lies adjacent to the City
of Grand Junction. Colorado. and
WHEREAS, The said The Mesa
County Industrial and Fruit Fair As
sociation desires to sell the said
real estate for the sum of Thirty
Thousand Dollars ($30,000.OO) and
have given an option for a valuable
consideration to the City of Grand
Junction, Colorado, wherein and
whereby they agree to convey, prior
TO April 1st, 1914, to the said city,
the said real estate by Warranty
Deed, free and clear from all encum-
brances whatsoever. upon receipt by
the said The Mesa County Industrial
and Fruit Fair Association from the
said city of the sum of Thirty Thou
sand Dollars. tS3O.0G0.00) and
WHEREAS, it is for, the best inter-
ests of the said City of Grand June
llOllY NolOA ihpt W. PNA 'aisa'N N''N sSAAt
real estate and the improvements
thereon, to be used by the said city
and the inhabitants thereof as n
public park,
BE IT ORDAINED by the City
Council of the City of Grand juno
tion, Colorado, and be it ordained by
the qualified electors of the said City
of Grand Junction. Colorado, upon
referendum by the City Council
thereof:
SECTION /. That the said city
does hereby exercise its option and
purchase the said real estate for the
said sum of Thirty Thausand Dollars
($3O,O00.00). and the City Council
is hereby authorized and instructed
to secure the necessary warranty
deed conveying said real estate and
to pay for the same as herein pro-
vided.
SECTION 2. That the city is here
by authorized to create, and does
hereby create, an indebtedness in or
der to raise money for the purchase
of said real estate by the issuance
of its bonds in the sum of Thirty
Thousand Dollars, Iedeemable in
ten years and absolutely due and
payable in fifteen years from date OF
Issuance, which said Bonds shall !
bear interest at the rate of six per
cent per annum, payable semi-annu-
ally.
SECTION 3. There shall be issu-
ed sixty bonds for the principal sum
of Five Hundred Dollars C$5OO.OO(
each, said bonds to be numbered
from / to 60 both inclusive, bearing
interest at the rate of one per cent
per annum, payable semi-annually on
the 1st day of January and the 1st
day of July of each year. which inter
est shall be evidenced by coupons at
tached to each of the said Bonds.
Said coupons shall be numbered from
to 80 inclusive and be subscribed
by the fac simile signature OF the
City Treasurer.
The said Bonds shall bear date, the
st day of January, A. ID. 1914, shall
be signed by the Mayor and the CITY
Clerk. sealed with the seal CT the
city. countersigned by the City Treas
urer and issued under direction or
the City Council, and shall be paya-
BILE at the banking house of Kountze
Brothers in the City of New York, or
at the office of the City Treasurer
in the City of Grand Junction, Col
orado, at the option of the legal hold |
er.
SECTION 4. Said Bonds shall be
the following form, VIZ:
No - $4,000 |
UNITED STATES OF AMERICA,
THE CITY OF
GRAND JUNCTION, COLORADO,