The Idaho Springs siftings-news. (Idaho Springs, Colo.) 1905-19??, 1915-12-17

,seap '''''.'''''''''Maayor
' City Treasurer.
city Clerk
tForm of Coupon-J
on January, LIST, A, D. 10.
The City Of Idaho Springs, OF Clear
the sum of Twelve and 5oiico doliars
America, Of or equal to the present
standard of weight and fineness, at the
National Bank Of Commerce, in the
city and State of New York. L. 5. A,
being six months interest then due on
its water works extension bond, dated
January l. A. ID. 1916. No........
city Treasurer
SECTION 4. That each of the bonds
hereby authorized shall be signed by
the mayor. counter signed by the treas
urer. sealed with the corporate seal of
said city which seal shall be impressed
thereon and attested by the clerk of
said city; that each of the 80 interest
coupons to be attached to each of said
graved facsimile signature of sad
treasurer, and the officers in this para
graph mentioned are hereby author
bonds and coupons to be prepared sub
stantially in the forms, respectively,
ntfelhabDNe set 1Drth ana 10 execute
the same for and ON behalf of said
city as and in the manner aforesaid,
and after their execution and before
said bonds are delivered to the pur-
chasers thereof, they shall be regis
tered by the city clerk in public
his office whjcb shall ' show ,hnj said
bonds We're issued by said city the
amount of each bond. its number. date
of issuance, time and place of payment.
rate of interest. number of interest
coupons attached. name and postoffCe
adufess OF the purchaser ana proper
description thereof for future idcnttfi-
cation.
Section 5. That the interest falling
| due on said bonds on the LIST day OF
| July, y. ID. 1916, and on the first days
of January and July. a. d. 1871, be
and the same is hereby appropriated
expense fund of said city and for the
purpose of providing the necessary
funds to reimburse said general e<-
pense fund and to pay the interest ac-
cruing on said bonds subsequent to
J Jny lst h. A d. 1s17 Promptly when
stitute and maintain sinking fund
sufficient to discharge the principal
thereof at maturity there shall be and
| led upon all the taxable property in
| said city, in addition to all other taxes
| the following direct annual ad valorem
In the year 1916 tax sufficient to
| produce the net sum of $3.50 being
| for interest;
| In each of the years 1917 to 1924,
| both both inclusive "a tax sufficient to pro
| being for interest;
In each of the years 1925 to 1928,
| both inclusive. a tax sufficient to pro-
! duce the net sum of s2,50o in each year,
| being 5000 for interest and $1,000 for
| principal;
produce the net sum of 1850 in said
| year. being $3.50 for interest and $4,000
| for principal:
and said tax when collected shall by
| the city treasurer he kept in separate
fund to be designated Water Works
Extension Bonds. series 1916-interest
and sinking fund" which shall be ir-
revocably pledged to and used solely
for the payment of the interest &C,
| bonds hereby authorized when due. so
| long as any of said bonds or the inter
| main outstanding and unpaid. and for
| the greater certainty the city council
shall in each of said years 1916 to
| tax hereinabove levied for such year in
the annual estimate for town purposes
| for said year and annually and at the
| lawful time the said bond tax shall in
each of said years be certified to the
county treasurer of said county,
| tended upon the tax rolls and collected
| by the same officers. in the same man
ner, and at the same time the taxes
| for general city, county and school dis
| trict purposes for said county for such
year are certified. extended and col
Section 6. That on the 18th DAYS of
| June and December, respectively, in
each year hereafter, so long any of
| the interest coupons appertaining to
| the bonds hereby authorized to be is
| sued remain outstanding and unpaid,
| the city treasurer shall and he is here
| by ordered. authorized and directed to
| remit out Of any moneys in his hands
belonging to said city, for the purposes
| hereinbefore provided. in the form of
check or draft payable in New York
City. U. $. A. to the National Bank of
| Commerce. in the City and state of
| New York. sum sufficient to pay the
| semi annual interest accruing on said
| bonds on the first day of July, A D.
and July, respectively. In each year
| thereafter. and any and all escrow
| charges made by said bank for hand
| ling said coupons. and on the 18th day
| treasurer shall and he is hereby au-
| thorized, ordered and directed out of
| the sinking fund created under the pro-
| visions of this resolution to remit by
| check or draft payable in New York
| to the said National Bank of Com
merce. in New York, a sum sufficient
to pay the principal amount of SAT-.
bonds as may then be outstanding. to-
gether with the interest accrued there
on to January l, A d. 1871 and any
and all escrow charges made by said
bank for handling same.
Section I. That the mayor treasurer
and clerk respectively. of said city, the
treasurer and county clerk Respective
". OF said county, are hereby author
lied. ordered and directed to furnish
the purchasers of said bonds with such
certificates, transcripts or other docu-
rnents as viii fully evidence the pro-
ceedinGS had preliminary to he issu-
ance of said bonds, the regularity and
sufficiency thereof. and the acts of said
officers IN the premises are hereby de-
clared authorized, ratified approved
and confirmed.
Section S. The mayor. treasurer and
clerk are hereby authorized and direct
ed to deliver said bonds after their ex-