The Delta independent., 1914-08-21
LEGAL NOTICES
Ordinance No. +1s14
: . ~~~~> >>~> 80 :

THE ISSUE AND PRESCRIBING
THE FORM OF BONDS OF THE
CITY OF DELTA, TO BE DEMON
MATED 'REFUNDING BONDS.
TO THE AMOUNT OF $s3,0O0.O0.
AND PROVIDING FOR THE LEVY
OF A TAX TO PAY THE SAME.
Whereas, the City Council Of the
City of Delta, and the qualified elec-
tors of said city, have heretofore
taken due preliminary proceedings for
the issuance of the refunding bonds
of said city, in the aggregate principal
amount of $4,000. for the purpose Of
refunding the now outstanding, I'M
paid and payable bonds of the said
city. in the aggregate amount of
$4,000, and the vote of the duly quail
flied electors of said city. on the ques-
tfon OF the issuance Of said refunding
bonds has been heretofore duly can
vassed and been determined to be il
favor of the issuance of said bonds;
NOW, THEREFORE,, BE TT OR
DAINED BY THE CITY COUNCIL OF
THE CITY OF DELTA:
Section 1. That by virtue and in
pursuance of an Act of the General
Assembly of the State of Colorado,
entitled, AN ACT TO ENABLE
CITIES AND TOWNS OF THE
STATE, WHETHER INCoRPoRAT-
ED UNDER GENERAL LAW OR UN-
DER SPECIAL CHARTER, TO RE-
FUND THEIR BONDED INDEBTED
NESS WHICH HAS MATURED OR
MAY HEREAFTER NATURE. OR
HAS OR MAY HEREAFTER Be
COME PAYABLE, AT THE OPTION
OF THE SAID CITY OR TOWN. BY
ISSUING REFUNDING BONDS, ETC +.
approved April 30. 1901. and all Acts
amendatory thereof and supplemental
thereto. and under authority of vote
of the majority of the taxpaying cleo
tors OF said city. duly qualified. as
provided by law. there shall be issued
bonds Of said city. to be denominated
sRefunding Bonds. to the amount ot
$4,000. for the purpose of refunding
and redeeming like amount OF the
now outstanding. unpaid and payable
bonds Of said city, towit: Water bonds
in the aggregate principal amount NJ
$50. 1000. bearing date October TO- lsoS'
due and payable October 20, 1918. op-
tionai for redemption on and after
october 20. 1918. and bearing inter
est at the rate OF 5h per cent per
annum; and sewer bonds, In the az
xreRate principal amount OF $4,000.
bearing date July 1st. 1901. due and
payable July LIST. 1916. optional for
redemption on and after July lss.
1911. and bearing interest At the rate
of S per cent per annum.
Section Q. That said bonds hereby
authorized shall be payable to bearer
shall be dated October LIST, 1914. oe
absolutely due and payable October
1st. 1894, but redeemable at the op-
tion Of the said city after October list.
1924, and bear interest at the rate oil
& per cent per annum. payable semi
annually: they shall consist OF 80
bonds OF $1,000 each. numbered from
1 to so. both inclusive. and designated
as Series A., and OF Sc bonds OF $500
each, numbered from 81 to llS. botn
inclusive, and designated as Series b =
The principal OF said bonds shall De
payabie at the office OF the Commits
sioner of Finance and Supplies and
Ex-Officio City Clerk OF the City ef
Delta. and the semi-annual interest
thereon shall be payable at the office
of the said Commissioner OF Finance
and Supplies, or at the banking house
OF Kountze Bros in the City OF New.
York. State OF New York. at the op-
tiou of the holder. Said interest shati
be represented by 40 coupons attached
70 each of said bonds. each coupon
representing haif-yearly payment OF
interest on the bond to which It is
attached. The said bonds shall recite
the title of the Act under which they
are issued, shall be signed by the
Commissioner OF Public Affairs and
ex-officio Mayor, attested and counter
signed by the Commissioner OF FL
nance and Supplies and ex-officio City
Clerk Of said City OF Delta, and shall
bear the seal OF said City. ana the
coupons annexed to each OF said
bonds shall be signed by the said
Commissioner OF Public Affairs and
ex-officio Mayor. and attested by the
said Commissioner OF Finance and
supplies and ex-officio City Clerk. by
their respective facsimile signatures,
which facsimile signatures OF said
respective officers are hereby adopt
ed as and for the signatures OF said