The Lamar register., 1914-02-18

the interest on this bond and also the
principal thereof, when the same be-
come due.
The faith and credit Of the city Of
Lamar are hereby pledged for the pune
tual payment OF the principal and in
In TESTIMONY WHEREOF. the cit,
council of the city Of Lamar has caus-
ed this bond to be signed by the mayor
Of, under the seal OF the city. and
countersigned by its treasurer. as OF
the 18th day Of February. A d. lsl4.
Mayor.
Attest:
'''' go. 49, CITY cl::i
Countersignsd:
CITY Treasurer.
form Of Coupon)
On the 18th day of February. A. ID.
-. ....., the CITY Of Lamar. in che
county Of Prowers and State OF Colo.
rado WIN Day the bearer thirteen dol
iars and seventy-five cents. at the or
ice Of the city treasurer in LANAI. Col
fAountze Brothers. In the CITY and state
OF New York. Al the option OF the
holder, being six months interest Oh
Lamar Water Bonds. Series OF 1914.
(facAimiie siXnature)
CITY Treasurer.
section 4. That said bonds. wnen
executed. shall be delivered to Messrs.
Causey. Foster < Co, who have pur.
chased the same according to Jaw. ano
said bonds and the funds raised there
ny shall be applied solely to the pur-
waterworks for fire and domestic pur.
poses within and for sad city. bui
me purchasers Of said bonds shall IL
no manner be responsible for the ap
pncation or disposal by said city OF
any OF its officers oil any OF the tunds
derived from the sale thereof
section .. That the interest iauns
due On said bonds on AUGUST 10, !Sif'
and February 10th, 1918. shall be
paia cut OF the general fund OF SAD
city and for the purpose OF reimbursins
SAD general fund for the amount OF
interest SO taken from 1t and for the
purpose Of providing the necessary
lunus TO pay the interest On ssiiU
same becomes due. and to constitute
and maintain a sinkinx iund suiiicien,
10 discharge the principal thereof al
maturity; there shall be levied on ali
me laxabie property ia saio ci,y IN
to all other taxes the Follow |
inS direct annual tax, to-wiL.
In the year 1874. YAK sufficient |. /
prouuce Inc sum vi So.ovV.vv Tor In
Ierest.
In the years IsiS. l.le. ana ~.
q TAX sufficient 10 produce the sum
OF $z,760.ve for interest.
La each Vi the years 1913 t.
1874 bonn Inclusive. laA suIiiciohs
to produce The sum OF SI.1svv0, be-
ing 81 75O0o Tor interest and $J.Ovv..
w for principal
And said taxes. when 30 collected. shai'
De applied solely Tor the purpose "a
payment Of SAID interest anu principA.
u saio bonds respectively, ana toi No
,ther purpose whatever. until the IA
contracted under thus OF.
iinance. principal and Interest. snail
nave been FUZZY paid, satisfied ana dis
but nothing herein contained
shall BE- 70 construed AZ to proven.
aid city from apptyinS any otnei
Iunds that may be In the city treasury |
pay ment OF said intel est OIL principal - |
ne same respectively mature, aud the |
levy or levies herein provided tor may |
tnereupon to that extent be diminish |
I'd. and upon the payment OF the
principal OF any OF the bonds issued
hereunder IN sad mAnnef OF By Inc
use OF the sinking fund herein pro.
vided for. the levy or ievies herein
may to the extent OF the interest on
the bonds SO paid be diminished.
And the sums hereinbefore provided
Tor to meet the interest on said bonds
and 10 discharge the principal tnereo1
which due are hereby appropriated Tor
tnaI purpose. and said amount for each
year shall also be included in the AL
nuaI appropriation bills passed BY the
city council OF said city In each yeaI
respectively.
Section g. 1t shall he the duty Of
the city council OF said city. annually
at the time and In the manner pro
vided by law for levying other city tax.
es. II such action shall be Necessary
to effectuate the provisions OF this
ordinance, to ratify and carry out the
provisions hereof with reference to the
ievying and collection of taxes; and
shall require the officers Of and doi
said city TO levy, extend anu collect
such taxes In the manner provided by
law for the purpose OF creating FUND
Tor the payment OF the principal Of
said bonds. and said taxes when co.,
iected. shall be kept for and applied
only to the payment OF the Interest and
principal Of said bonds. a. hereinbefore
specified
Section q. An ordinances, bylaws
and regulations OF the city Of Lamar
in conflict with this ordinance are
hereby repealed.
Section s. This ordinance shall be
and remain irnepealable until said
bonds and the interest thereon shah
nave been fully paid. satisfied and dis
charged, as herein provided.
section .. This ordinance, immedi-
ately upon Its final passage. shall be
recorded In the Book of Ordinances Of
said city kept for that purpose. anthem
ucated by the signatures OF the mayor
and clerk. and shall be published In