Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-03-01
NOTICE on ELECTION 10 DETER.
MIMI QUESTION OF 1851 lNtI
OF WATER SYSTEM BONDS.

Pnllic notice H. hereby given that 3,
resolution was duly adopted by the
city council ~ the city 81 Alhuquer-
que on the 18th day of February, a -.
1916, which IL In words and figures as
follows, towit
De 4 resolved by tho city council
If the city Of Albuqncrpue
"That ut an election 10 be held at
lhe same time and places az the togu-
lar election fur city officers ut tiic
olty at Albuquerque, Is to be heiu on
the 18th day of April 1916, thQie shall
be submitted to a vote Of such quail
fled electors thereof as have paid a
property tax therein. during the pres
cedne year, the question of issuing
: onda tor the purpose Of sccutinh
funds fof the construction or pnrchasc
Of system lor supplying water TO the
city 81 Alhuauerqur and the inhali-
iants thereof as provided by ofdi-
nance Ne $40. witch .aid ordnance iF
in words aud figures tollowins towit'
AN ordinance authorizing the issue
OF $500, 10000 of bonds Of Ia. city Of
Albuquerque. OF SO much or such part
thereof as may he necessary 20 pro
vide funds for the construction OF pur-
chase of water system for supplying
water To- the city Of Albuquerque,
he is ordained by the city council
vt the city Of Albuquerque
Sec. t. There shall be issued neao-
table bonds of the city of Alhuquer-
que to the amount of 500 10000. on
so much or such part thereof as may
be necessary for the purpose of Sc
curing funds for the construction or
purchase OF system for supplying
.tf ta ..st
its inhabitants Such honds shall be
issucd IN determinations ~ $1,000 OF
Uny multiple thereof and shall bear
interest "a, rat, not 10 exceed per
cent per annum, PAYABLE semi-annu-
ally and hall become duo and paya-
bic g. Years from date and at such
place ot places within or without the
state as the cilN council shalt deter
mine and shall provide That the city
council shall have the right to pay
any OF an Of such bonds at any time
ftcr twenty t20) years from their
date That such bonds shall be sold
az not less than par aud accrued inter-
80 90 dntc of delivery for cash VnlN.
to thr highest and best bidder nttcn
publication of nutlcv OF such etlC as
provided hS law
See, There shall he levied tn
each year hereafter until the principal
uf said bonds shall bc fullS paid, .,
special tax upon al the taxable PROV
cr,y of thu eits uf Albuquerque ncecs-
saiy Co PAY tie interest on said bonds,
under the terms hereof aus tn" pro-
cecds derived from ia, said special tax
shalt be used for no othvr purpose
Than the payment of interest aecruing
upon the said bonds
see 3 ~ the end at tive Years az
ter tile date of the issue OF said bonds
and each year thereafter until the
said bonds are fully paid there shall
be levied e special tax upon all 81 the
taNable property 81 the city of Nlhu-
q0efque sufficient. With other funds on
hand and available for that purpose
80 raise i-2 per cent Of the amount
ai said bends for the purpose of proc
tiding a sinking fund tor the payment
thereof. and the proceeds Of said spe-
tiai tax shall Doe used for no othef
purpose than the payment Of said
bonds
That notice OF the time and piece
of holding such election aud the pur-
posses Tor which such bonds an. to BE-
ISSUED shah be published in the a.
buqu.rque Morning journal. news.
paper - eenersl circulation. ~ lrasi