The Idaho Springs siftings-news. (Idaho Springs, Colo.) 1905-19??, 1915-12-24

AN Tz 2RpINAScE PROVIDING For
no sPRINGs OF CLEAR GREEN
GoTfasiEc ot coEh6S 9 FONTS ITS N *
SUN OF FIFTY -THoUsAND pol
Legs $50 oool, BEARING INTER
CENTUM PER ANNUM. PAYABLE
SEM ANNUALLY y TO BE DEMON,
THE PURPosE OF OR REFff sh
A MIN UNPAID BONDED INDEBTED
ING OF W WAT TAiP s stTf c9 6aTEp
ssEPTEMBER j, 1904. wHlcH SAID
T M1aTkk F s3SDs rh ABE NOV az,
BEAR INTEREST At THE RATE
OF FIVE PER CENTUM PER AN
S ny PAYABLE EMI-ANNuALLl;
PPIE PES, y THE DENoMiNA.,
1arER EEHERE EaE It THE f B T OF
MENT OF SAID BONDS: PRoVID-
SSt t4E TIE vk kEyK aF TAR ! Rl EFST
ALL OF THE TAXABLE PROPER
If IN SAID CITY n ADDITIoN To
TO PAY THE INTEREST ACCRU-
ING E On SAID BONDS PROMPTLY
E HnEN MD AS THE SANE BE
STITUTE a SINKING FUND SUFFI-
GIENT TO PAY THE PRINCIPAL
TTH III Ell j ,, r. At 4 ,r THE TINE or
ING AN EMERGENCY.
whereas. the city of Idaho Springs,
state OF Colorado. has heretofore is
sued negotiable coupon bonds desig-
mated mated water bonds. dated September |,
1904. due September /. 1918. and re-
deemable after September /. 1914 bear
ing interest at the rate of > per centum
per epsis aninum, payable sem, an,nuaily;;
Series A and Series b respectively,
Series A" consisting of 40 bonds of
Inc me reorganization of $1,000 each, and
Series B. consisting of 10 bonds of
the denomination of $500 each, in the
total asgregate sum of $4,000; and
fon whereas eti, the said city has hereto,
OF the principal of said bonded indebt-
edness. together with the accrued In
tercst thereon; and
Whereas, the said city will provide
during the years 1916 to 1920. inclusive.
for the payment of $4,000 of the prin-
cipal of said bonded indebt edness; and
whereas. there are no funds in the
treasury of said city available for the
redemption and payment. of the re-
paid bonded Indebtedness in the aggrc-
gate principal sum of $4,000, or any
part thereof: and
adopted on the I'd day of Decembei.
A. ID; 1915, the city council of said
city determined it to be expedient and
to the best interests of the said city
to issue in accordance with the laws
OF the State of Colorado negotiable
funding bonds in the aggregate prin-
clpai sum of $4,000. bearing interest
at the rate of per centum per an
mum. payable semi annually. for the
purpose of refundins like amount of
sad out standing and unpaid bonded
Indebtedness; and
ha arf To st !, ID
termination has been heretofore duly
made and entered in and upon the rec
cords or said city as required by law;
and
whereas; the city council of said
city has heretofore determined and
declare that 1t is expedient and for
the best interest of said city to issue
said refunding bonds as and in the
manner provided by law;
premises:
Be it ordained by the City Council
County of Clear Creek. in the State of
Colorado:
Section 1. That by virtue and ia
pursuance of an act of he General AS
sembly of the state of Colorado. en-
titled: An. act to enable cities ard
ness appr sa Aprli 49, 1915 and sp
pearing as Chapter 1856 of the Session
Laws of Colorado, 1915. there shall be
dered and directed to be issued negoti-
able coupon bonds of said City of Ida
no Springs to be denominated Refund
amount of $4,000 for the purpose of
refu aiding the outstanding and unpaid
bonded Indebtedness of said city now
optional for redemption
clerk of said City of Idaho Springs be
and they are hereby aut horized and di-
coupon bonds of the city in the said
aggregate amount of $4,000.
Section 8. That said bonds hereby
authorized shall be negotiable in form.
payable to bearer. shall bear date the
LIST day of January. A. d. 1916, shall
bear interest at the rate of five CD
per centum per annum. payable semi
on the LIST days of January
and July in each year; shall consist
of one hundred bonds numbered coll
seeutively from one to one hundred.
each: said bonds shall mature in equal
annual iustallments provided by
law. the first installment consisting OF
bonds numbered from one to five III
elusive. for $500 each, aggregating 81
500, ma turing on the LIST day of Janu-
airy. A. d. 1921; and on the LIST day of
January in each year thereafter to and
including the year 1870. five more of
said bonds in consecutive order shall
mature. being five bonds OF $500 eacn.
The numbers of said bonds. denomina-
tions, maturity, dates and number of
coupons to be attached to each bond
shall be as follows:
Bond Denomi- No. of Maturity
Nos. ton. Coupon Date
1-5 $500 10 Jan l. 1921
6-l0.. 500 ~ Jan. l, 1922
Ills. ... 500 IA Jan. l. 1928
1920. 500 Is Jan. l, 1924
21-2J. 500 is Jan. !. 1925
26-30- ...... 500 90 Jan. l. 1925
3l-33 400 % Jan. l, 1925
$3.50. $3.50. 500 "a Jan 1, 1928
~ 5....... 500 26 Jan. l. 1929
46-50....... 500 2s Jan. /. 1850
81 -b5 ..... 900 80 Jan. ]. 1881
$3.50 1OO Ian 1870