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

IDAHO SPRINGS IN THE COUNTY
iNDERTEnsNSESs 70 On '2 REL5 ~ M
SAlp GITY AND ufoN THE cRE3-
sELLiNG THE NEG6TfABfilE CO.. ;tiD
AGGREGATE PRINCIPAL SUM or
TIE n THOUS SAND DOLLAR
l$lo,000, FOR THE PURPOSE OF
FURTHER SUPPLHIN ING SAID CITY
WITH WATER FOR FIRE AND DO
THEIR CONSTRUCTION AND EN-
TENSION OF THE WATER WORKS
SYSTEM OF SAID CITY. SAID BONDS
TO BE DENOMINA TED WATER
WORKS EXTENSION BONDS SERIES
1916, AND ABSOLUTELY DUE AND
PAYABLE FIFTEEN YEARS AFTER
DATE But REDEEMABLE AFTER
TEN YEARS FROM DATE BEAR
ING INTEREST AT THE RATE OF
so PER CENTUM PER ANNUM.
PAYABLE EMI-ANNuALLY; AU-
THORIIlNG AND PROVIDING FOR
THE ISSUANCE, EXECUTION AND
DELIVERY OF SAID BONDS, PRE-
SCRIBlNG THE FORM OF SAID
DESIGNATING THE DENOMINA-
TIoN THEREOF AND THE TLACt;
OF PAYMENTS; PROVIDING For
THE LEVY OF A DIRECT ANNU AL.
AID VALOREM TAN UPON ALL OF
THE TAXABLE PROPERTY in
SAID CITY IN ADDITION TO ALL
OTHER TANES, SUFFICIENT TO
PAY THE INTEREST ACCRUING ON
SAID BONDS PROMPTLY w HEN
AND AS THE SAME, BECOMES DUi.
AND ALSO. TO CONSTITUTE
SINKING FUND SUFFICIENT TO
PAY THE PRINCIPAL THEREOF
AT THE TIME or THI:IR MATITR
ITY, AND DECLARING AN EMf.T-
GENCf,
election duly called and heid ~ tbe
CITY Of 1dabo Sprincs 80 IN ~, r. rra'n
COUNTY. Colorado, on to1wit. the 14th
dav Of June II Iaoa , M, i hn Va, az
who had in The YEAR next nrece6insy
said election paid a property tax there
in. voting at said election by. vote APP
proved. the construct ion and extension
of water works system in and for
said city and the issuance of the bonds
of the said city to the amount of S75.-
900 for that purpose; and
Whereas, the present water works so
constructed and extended are made
quate to supply the domestic needs of
said town and do not afford proper
fire protection. and it is proposed and
deemed necessary and expedient and to
the best interests of said civ to- eS-
tend the said present water works so
that said deficiencies NAV be remedied:
and
eniarsements and extensio ' viii i'll s cost
the sum of ten thousand dollars go
oo0); now, therefore, by reason of the
Be 1t Ordained by the City Council
of the City of Idaho Springs in Clear
Creek County Colorado:
l.
council of said city that it would be
and it is hereby declared to be expedi-
ent and necessary and for the best in
debtedness on behalf of said city and
upon the credit thereof by issuing and
selling the negotiable coupon bonds of
sum of ten thousand dollars tsl0OoOJ,
for the purpose of further supplying
domestic purposes by The further con-
struction and extension Of The water
works system of said citv
Section 3. That in order ia harrow
aforesaid at COST of apnro sa,n eiy
Serebv autsny;zad ti'ia be ana mere .,i az
re- he issue% and do o,nerea ana t G,iecueo
bonds ssd City 'n to aasSa"S y9aaS
which shall be known as and deslE-
mated Water Works Extension Bonds
series 1919; said bonds shall be twenty
lv from i To 80 of The denominat,on ~
$500 each; shall bear date of January
due and pavabie Iann nrVhie ,oG 10 iaai
but shall be redeems,b HE in numericai
order at the option OF said city after
shall bear interest from their date m
iii paid at the rate of five ~ no,
centum per annum nsvable semi-an-
nualIy on the first DAYS of .ja,4,arv and
July, respectiyeIy' in each vear which
miscellaneous of interest To- date of ma
turitv OF nrincinai sban he eviIannad
bv appropriate co,inon. to bc attanhed
to each bond. ana hoth the intereSt 80
cruing on and the primcipaI of said
bonds shall he nayable in gold coin
~ the initial 9, &C. - ~
enuaj tn tho nrsSont sto pdara - moi,bt
and fineness al the National Rank Of
Commerce in TIC Oh, ana q ate 81 W.
York r. s a $3.50
SECTION q Each Of said bonds ,sd
each Of the interest coupons to be
RI ereto attached shai, no "a s,,hs,.n
tiallv the foIiowinp farms resnactiaa
~ town.: