The Ordway new era., 1913-07-25

improvements, lnciuOlDR engineering,
INSPECTION, collection and other incl
dental expenses as In said act provid.
ed, and in no event to exceed the esti-
mates of the cost made by the engin-
eer of said town pursuant to the pre-
liminary order Of the board Of trustees
adopted May 27th, A. D. 1912. to-wit,
Seventeen Thousand five hundred dol
lars (sl7, 800, with six t6) per cent
additional for the cost Of inspection,
collection and other ineidentals.
Section 6. That said bonds shall
be dated September 1st, 1918,
shall bear the name of the district i'm
proved. shall be payable to the bearer
fifteen n5) years from the date there
of, subject to call and prior payment
a. in said act provided shall be sub
scribed by the mayor, attested by the
town clerk, and the seal of the town
thereto affixed shall be payable out Of
the moneys collected on account of the
assessment made for said improve
ment: shall bear interest ut the rate
of six (6) per cent, per annum, pay
able semi-annually; shall have thirty
(3O) coupons thereto attached, attested
by the :ac c-simile signature of the town
treasurer evidenciug said interest /.
shall be in denominations of five
hundred dollars (s500) each, and shall
be numbered consecutively from one
~ upward. Tho pricipal shall be
payable at the office of the town
treasurer and. the interest shall be
payable at the office of the town treas
ureI or at the banking house of
Kountzs Bros. in the city of New
York, at the option of the holder.
Section Z. That said bonds shall
be issued from time to time by the
town treasurer upon estimates and OF
ders Of the town engineer, counter
signed and approved by the mayor,
but the mayor and board of trustees
may use said bonds at par for the pay
ment OF engineering and other clerical
expenses and cost of inspection, or
the mayor, with the approval Of the
board of trustees, may sell, 10 the
manner provided in said act, sufficient
of said bonds at not less than par to
pay said exp xpenses in cash. The town
treasurer shall make and preserve a
record of all bonds issued hereunder
in q suitable book kept for that
purpose. 81
Section 8. That said bonds and the
coupons thereto attached shall be in
substantially the following form:
UNITED STATES OF AMERICA
State of Colorado. Town Of Ordway
Local improvement Bond
ORDWAY SANITARY SEWER DIS
TRICr NUMBER ONE
No. 49,. $500. 90
The town of Ordway, in the county
of Crowley and state of Colorado. for
value received, acknowledges itself in-
debted and hereby promises to pay to
the bearer hereof the sum Of five hun
dred dollars in lawful 'mopev Of the
United States Of America, at the office
of the town treasurer in said town, on
the 1st day Of Septem ber, A. d. 1928,
subject to call and pay yment, however,
at any time prior thereto, as provided
in the act of the General Assembly of
the State OF Colorado hereinafter men,
toned, with interest thereon from
date until payment at the rate of six
per centum per annum, payable semi
annually on the LIST day OF March and
the LIST day of Septemb Der, at the office
of the town treasurer Aforesaid, or at
the banking house of Kountze Broth
ers, in the city of New York, at the
option of the holder, upon presenta-
tion and surrender of the annexed
coupons as they severally become due.
This bond is issued for the purpose of
paying the cost of q local improve
ment in Ordwsy Sanitary Sewer Dis
trict Number One, by virtue of and in
full conformity with an act Of the
General Assembly Of the state of Solo
RADIO, entitled, "An Act to provide for
the construction OF local improve
ments in cities Of all classeS having a
population Of less than 100. 900, and
incorporated towns, the assurance of
local improvement bonds therefor,
and the assessment and pay yment Of
the cost Of said improvements, ap-
proved April 8, 1899, and an ordi-
nance of said town duly adopted, ap-
proved, published aud made law Of
said town prior to the issue hereof.
This bond is payable solely out of
the proceeds Of special assessment
to be levied upon real estate situate in
the town of Ordway in said Ordwsy
Sanitary Sewer District Number One,
especially benefited by said improve
ment, and the amount of the assess
mspts SO to be made upon the real