The Delta independent., 1913-07-11
Ordinance No. 8, 1918.

S'o'HalCS NO. ., 1918.
An ordinance providing for the con-
traction of an indebtedness by the
City of Delta, Colorado, and upon the
credit thereof by the issuance of nego-
table coupon bonds of said City for
the purpose of the construction of
water works to supply said City with
water for fire and domestic purposes.
Whereas, the City Council of the
City of Delta, Colorado, by the re-
quisite vote of the duly qualified cleo
tors of said City has been authorized
10 erect waterworks to be owned, op-
Grated and maintained by the City
and
Whereas, The City Council of the
City of Delta, Colorado, does now
deem it necessary to construct said
waterworks and to obtain the funds
therefor;
Now Therefore, BE it ordained by
the City Council of the City of Delta.
Colorado"
Section l. That the City of Delta,
Colorado, issue its negotiable coupon
bonds in the sum of Seventy-five
Thousand Dollars ($75, 5,OOO.OO) for the
purpose of construction of waterworks
to supply said City with water for
fire and domestic purposes, and there.
by contract an indebtedness in said
amount for said purposes
Sec. 2. That said bonds shall con-
sist of two (2) series, designated as
Series A and Series B, respectively.
Series A shall consist of thirty 500
bonds of one thousand dollars $4,000
each, numbered from one % to thirty
(30) both inclusive; and Series B shall
consist of ninety 600 bonds of five hun
from thirty-one C3D to one hundred
and twenty 12O) both inclusive; and
that all said bonds be dated October
1st, 1913. and be absolutely due and
payable fifteen (15) years after the
date thereof, and redeemable at the op-
tion of said City ten 10) years after
the date thereof at the office of the
Commissioner of Finance and Sup
plies of said City; shall bear interest
at the rate of six per centum (6%s)
per annum, payable semi-annnually,
on the first day of April and the first
day of October of each and every
year until paid, at the office of the
Commissioner of Finance and Sup
house of Kountze Brothers in the City
of New York. State of New York, at
the option of the holder of said cou-
pons thereto attached; and both prin-
cipal and interest shall be payable in
gold coin of the United States of Am.
erica of the present standard of
weight and fineness.
Sec g. That said bonds shall be
sealed with the corporate seal of said
city signed by the Commissioner of
Public Affairs and Ex-Officio Mayor
and attested by the Commissioner OF
Finance and Supplies and Ex-Officio
City Clerk of said city. Each of said
bonds shall have attached thereto
thirty 800 coupons, numbered from
one % to thirty 800 both inclusive
each representing the semi-annual in
stallment of interest upon said
bond, and securing the pay
ment of interest as it accrues, which
said coupon shall be signed by the
Commissioner of Finance and Sup
plies of said City. either originally OF
in facsimile, and bear the number Of
the bond to which it is attached. Said
coupons when so made, executed and
delivered as part of said bonds, shall
be the lawful obligation of said City
securing the payment of said interest
in the hands OF all persons to whom
they may lawfully come.
Section A. That the form of sait
bonds shall be substantially as fol
lows, to-wir:
Number S--.--..-.-------.------
UNITED STATES OF AMERICA
CITY OF DELTA,