The Idaho Springs siftings-news. (Idaho Springs, Colo.) 1905-19??, 1915-12-10
AN ORDINANCE PROVIDING FOR
THE issuance. EXECUTION Anil

AN ORDINANCE PROVIDING FOR
Ho SPRINGS OF CLEAR cREEk
G GoTi aRi coL ceF.14S. OF n ITS Me-
sum OF FIFTY THousAND DOL
EST At i TaG kA 9EA ~ FIVE !ET Fer
CEMTuM PER ANNUM. PAYABLE
SEM 81 4 ,A !, TO BE DEMON,
THE PURPOSE OF REFUNDING A
LIKE AMOUNT OF OUTSTANDING
A A64r aSF ~ b9Hp EI2 yNp pESls
ING OF MATER BONDS DATED
SME PIE !, 1904; WHICH SAID
T MoNkk F s8SD sEb SEN H9W A Sf9
BEAR INTEREST AT THE RATE
OF FIVE PER cENTuM PER AN
PREsCRIBING THE FORM OF SAID
BONDS; EIXING THE DATE AND
RREf 4I "a = Gov THE Fur, pENoMINA
DATES. AND THE PLACE or PAY
ANNUAL AID vALoREM TAX UPON
ALL OF THE TAXABLE PROPER
ALL OTHER TAXEs sUFFicIENT
TO PAY THE INTEREST AccRU::
l MGr IN A sA5p AS so TRE s ssah p
CONES DUE AND ALSO. TO coz
STdTuTE 4 SINKING FUND sUFFI-
TTHEiE ( M lat 1y.y xNp bEcLAR-
in the County of Clear Creek. in the
state Of Colorado, has heretofore is
mated water bonds. dated September i,
1904. due September l, 1915. and re-
deemable after September L. 1914, bear
per annum, payable semi annually;
consisting of two series, designated
Series A" consisting of 40 bonds of
the denomination Of $1,000 each. and
Series B. consisting of 10 bonds of
the denomination of $500 each. in the
total aggregate sum of $4,000: and
Whereas. the said city has hereto
Tore fully paid and redeemed $4,000
of the principal of said bonded indebt-
edness together with the accrued In
terest thereon; and
Whereas. the said city will provide
during the years 1916 to 1920, inclusive.
for the payment Of $4,000 of the prin-
Hpal Of said bonded indebt edness; and
Of sad c,v e funds in the
redemption and payment of the
mainder of said outstanding and un-
paid bonded indie tedness in the aggre-
gate principal sum of $4,000. or any
part thereof: and
ao Whereas an by, BY y the resolution duly
A. d; 1915. the city council of said
city determined 1t to be expedient and
to the the, best 81 Interests Of the said city
coupon bonds to be denominated re-
cipal sum OF $780, bearing interest
at the rate of per centum per an
num- payable semi annually. for the
purpose of refunding like amount of
said outstanding and unpaid bonded
Whereas. the certificate of such de-
termination has been heretofore duly
made and entered in and upon the rec
cords of said city as required by law;
and
city has heretofore determined and
does hereby ascertain. determine and
declare that 1t Is expedient and tor
the best interest of said city to issue
said refunding bonds as and in the
manner provided by law;
Now. therefore, by reason of the
premises:
Be 1t ordained by the city Council
County of Clear Creek. in the State OF
Section |; That BY virtue and in
s.emely Of the state Of Colorado. en-,
titled: An act TO enable cities and
pearing as Chaoter 165 Of the Session
Laws Of Colorado, 1915. there shall be
dersd and d:rected e to be f issued negoti-
able coupon bonds Of said City of Ida
no Springs to be denominated Refund
amount Of ssoooe fer tse pu Pr,ns,p OF
refunding the outstanding and unpaid
bonded Indebtedness of said city now
optional for redemption.
Section 2. That the mayor and city
clerk of said City of Idaho Springs be
and they are hereby authorized and di-
rected to have prepared the negotiable
coupon bonds Of the city in the said
aggregate amount of $4,000.
Section 3. 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 60
per centum per annum, payable semi
annually on the LIST days of January
and July in each year; shall consist
of one hundred bonds numbered con-
secutively from one to one hundred
inclusive. in the denomination OF $500
each: said bonds shall mature In equal
annual installments as provided by
law, the first installment consisting o.
bonds numbered from one to five, in
elusive. for $500 each. aggreEating $2.-
500, maturing 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 1910, five more of
said bonds in consecutive order shall
mature. being five bonds of $500 eacn.
The numbers of said bonds. denomina-
TONS maturity. dates and number of
coupons to be attached to each bond
shall be follows:
Bond Denomi- No. of Maturity
Nos. ton Common Date