The Delta independent., 1914-08-21

this day of .---------...--A- d. 1914.
Commissioner of Finance and Sup
plies and ex-officio City Clerk
Section 4. That the City Council If
the City of Delta, in the County of
Delta, State of Colorado. before the
issuance of any of said bonds. shall
enter in and upon the records of such
City Council, an order requesting the
State Auditor to register each and ev-
cry of said bonds in book kept by
him for that purpose: and that. when
so registered. the legality of said
bonds shall not be open to contest
by said city. or any person or cor
poration for or on behalf of said city,
for any reason whatever: that the
Commissioner Of Finance and Sup
plies and ex-officio City Clerk of the
said city of Delta is hereby authorized
and directed to pay over to the said
State Auditor for his fee for register
ing said bonds, the sum of sl1-60. out
OF any moneys now in the general
funds of said city. not otherwise ap-
propriated; that, prior to the issuance
of said bonds. the Commissioner Of
Finance and Supplies and ex-officio
City Clerk of the City of Delta is
directed and ordered to register each
and every of said bonds in a book
kept by him for that purpose in his
office.
Section 5. That the refunding
bonds hereby authorized shall be ex-
changed dollar for dollar for the
bonds to be refunded. and shall be
used only for payment and redemption
OF the bonds for the refunding Of
which said refunding bonds are is
sued. and shall not be issued until
the outstanding bonds to be refunded
have been called in and cancelled, in
an amount equal to or in excess of
the refunding bonds so issued.
Section s. That for the half.yearly
interest accruing on said bonds ac-
tually issued and delivered, the City
Council shall levy a tax upon all Of
the taxable property within said city.
sufficient to produce the sum Of $4,i50.
to fully discharge said interest in each
and every year while said bonds shall
be outstanding and unpaid. and for the
ultimate redemption of such bonds,
the said City Council shall levy an-
nually after nine years from the date
of said issuance. and in each of the
years 1924 to 1888. both inclusive. such
a tax upon all of the taxable property
in said City of Delta as will create a
yearly fund equal to 10 per cent OF
the whole amount of such bonds so
issued. which fund shall be called the
Redemption Fund, and all taxes for
interest on and for the ultimate re.
demption of such bonds shall be paid
in cash only. and shall be kept by the
Commissioner Of Finance and Supplies
and ex-officio City Clerk. as a special
fund. to be used in the payment of the
interest on and for the redemption
of such bonds only and such taxes
shall be levied and collected as other
INtes taASS aic icSicQ anu CoiitCttus
Section Z. This ordinance shall be
irrevocable until the Indebtedness
herein provided for and the bonds
issued as herein provided shall have
been fully paid. satisfied and dis
charged.
Section s. All ordinances and res.
olutions and parts of ordinances and
resolutions. In conflict herewith. are
hereby repealed.
Section 9. This ordinance shall
take effect and be In full force and
effect from and after its final passage.
approval and publication. as required
by law.
Read and ordered published this
11th day of August, A. ID. 1914.
WATSON H. STEWART.
Commissioner of Public Affairs
and ex-officio Mayor
Attest:
LIONEL r. wIGRAM.
Commissioner OF Finance and Sup
plies and ex-officio City Clerk.