The Lamar register. [volume] (Lamar, Colo.) 1889-1952, 1914-02-04

mat the total debt OF TINS city, III
ciuuing that Of this bond. does not ex-
coed amy limit of indebtedness prescr1D-
cd by the constitution laws OF the
state of Colorado, and that provision
mas been made for the levy and coliec-
ZION oil annual tax sufficient TO pay
the interest on this bond ana also the
principal thereof, when the same be-
come due.
The faith and credit oil the city OF
lamar are hereby pledged tor the pune
.uai payment u Inc principal anu III
.oIesI ILLS bond
In TlSTIAiONY wHEIiEOF. the ci.y
ed this bond to be signed by the mayor
said city, alIested Wy the clerk theie.
oi. under The seal OF the city. and
countersigneu by its treasurer. as oI
me 10th day Oh February, A u. l9li
80. '-.- ''-' ''''
Mayor.
Attest: IL
'''' '''' '''' CITY CLERK.
Countersignsd:
.... 80. .... .... go. ....
City Treasurer.
(Form of Coupon)
On the 18th day Of February. "A ID.
~. the CITY OF Lamar, In The
county OF growers and State OF coio.
RADIO, will pay the bearer thirteen dol
lars and seventy-five cents, at the of.
ice of the city treasurer in LANAI. Coz.
orado. al the banking house u
hountze Brothers. In the CITY ana SLase
OF New York, al the option oil the
nolder. beng six months interest On
lamar Water Bonds. series OF 1914.
No.......
(facSimile sisnaturel
City Treasurer.
Section 4. That said bonus. wnen
executed. shall be DELIVERED to MessIs.
Lausey, Foster q Co, who have pur.
IA according %
said bonds and the funds raised theie-
Wy shall he applied solely to the pur-
waterworks Tor fire and domestic pun.
poses within and for said city, bur
tle purvhasere Of aid honda shah Ia
no manner be responsible for the ap.
any oil ITS officers oil any Of the funds
derived from the sale thereof
section 8. That the interest ialiins
Que said bonds on August 10. 1914.
PAID out OF the general fund OF SAID
city and for the purpose OF roimbufsing
SAID general luna for the amount OF
interest SO taken from 1t and for the
Iunas to pay the interest On sai0
ponds after February 10. 1918 the
same becomes due. and to constitute
and maintain a sinking fund sufficient
10 discharge the principal thereof al
maturity: there shall be levied on al
Inc taxable property In saio city IN
addition to all other taxes the follow
ing direct annual tax. to-wit.
In the year 1914. q TAX sufficient t.
produce the sum Of 81. SOo.Vo for IN
terogt-
In The years 1915, 1910. aud 1917
. TAX sufficient to produce the suD
Of tS.76o.0s for interest.
In each Of the years 1918 10
lyz7 botn inclusive. q TAX sufficient
to produces the sum Of T.1So.Oo. be-
ing Sl7So0o for interest and 5000
w for principal
and said taxes. whom 30 collected. shall
De applied solely Tor the purpose OF
payment of said interest and principal
Of said bonds respectively. and fol no
other purpose whatever. until the IN
dsbtedness contracted under this or,
aInance. principal and interest, shall
nave been fully paid. satisfied and dis
charged. but nothing herein contained
shaA b SO construed as to prevent
said city from applying any Other
funds that may be In the city treasury
and available for that purpose 10 tho
payment Of said interest or principal a.
levy levies herein provided for may
tnereupon to that extent be diminish
ed. and upon the payment of the
principal OF any OF the bonds isseeu
hereunder In said mannei Or by thr
use Of the sinking Iund herein ~
vided for. the levy or IesIes ne.e.i'
provided for the payment OF Interest
may to the extent Of the interest on
the bonds SO paid be dminished-
And the sums hereinbefore provided
Tor to meet the interest on said bonds
and to discharge the principal thereof
when due are hereby appropriated for
that purpose. and said amount for each
year shall also be Included in the an
nual Appropriation bills passed by the
city council of said city In each yeai
respectively.
Section O. 1t shall be 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.
60. 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 ard ioi
said city to levy. extend ana 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 col
iected. shan be kept for and applied
only to tho payment Of the Interest and
principal Of said bonds. as hereinbefore
specified
Section T. An ordinances bylaws
and regulations Of the city of Lamar
IN conflict with this ordinance are
hereby repealed
Section g. This ordinance shall be
and remain rrepealable until said
bonds and the interest thereon shah
nave bean fully paid. satisfied and dts
charged. as herein provided.