Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-03-22
NOTICE or ELECTION TO DETER
NINE QUESTION OF ISSl ANCE
OF WATER SYSTEM BONDS.

Public notice is hereby given that a
resolution was duly adopted by the
city council Of the city Of Albuquer-
que on the 29th day Of February, A. D.
1916, which is in words and figures as
follows, towit
BE it resolved by the city council
Of the city of Albuquerque:
THAT at an election to be held at
the same time and places as the regu-
lar election for city officers Of The
city of Albuquerque, is to be held on
the 4th day Of April, 1916 there Shall
be submitted to a vote of such quail
fled electors thereof as have paid a
property tax therein. during the pre-
ceding year. the question of issuing
bonds for the purpose Of securing
funds for the construction or purchase
of a system for supplying water to the
city of Albuquerque and the inhab-
t4nts thereof as provided by Ord-
nance No $40. which said ordinace is
in words and figures following, towit.
AN ordinance authorizing the issue
lOf $500 10000 of bonds Of the city of
Albuquerque, or so much or such part
thereof as may be necessary TO pro-
vide funds for the construction or pur-
chase of a water system for supplying
water to the city of Albuquerque.
BE is ordained by the city council
of the city Of Albuquerque;
Sec 1 There shall be issued nego-
table bonds of the city of Albuquer-
que to the amount of $400, 100000, or
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
VIZ tp ftxs Of A1hIfnArqtlq and
it's inhabitants. Such bonds shall be
issued in denominations Of $4,000 or
ANY multiple thereof, and shall bear
interest ut rate not to exceed per
cent per annum, payable scmi-annu-
ALLY, and shall become due and paya-
Bile 10 years from date and at sueh
place or places within or without the
state as the city council shall deter
mine. and shah provide that the CITY
council shall have the right 10 pay
any or all of such bonds at any time
after twenty coo years from Their
date That such bonds shall be sold
at not less than par and accrued inter
est to date of delivery for cash onY'
to the highest and best bidder after
publication of notice Of such sale as
provided by law.
Sec. , There shall be levied ID
each year hereafter until the princlpaI
of said bonds shall be fully PAID,
special tax upon all the taxable prop
erty of the city of Albuquerque neces-
sary to pay the interest on said bonus
under the terms hereof, and the pro-
ceeds derived from the said special ldA
shall be used for no other purpose
than the payment of interest aecruihs
upon the said bonds.
Sec. 3. At the end of five years III
ter the date of the issue of said DoiiuS
and each year thereafter until the
said bonds are fully paid, there shall
be levied a special tax upon all Of the
taxable property of the city OF Aiou
querque sufficient, with other funds OH
hand and available for that purpose
to raise IL per cent of the amount
of said bonds for the purpose OF pr
viding a sinking fund for the payllleI'
thereof, and the proceeds of salo 81
cial tax shall he used for no oirVI
purpose than the payment Of s'i'
bonds"
That a notice Of the time and pia.'
of holding such election and the pg.
poses for which such bonds are 10
issued shall be published in me -
buquerque Morning Journal. new
VaPNl VI StilGIdl tltA AA1NAN'ff
once each week for four cohss0v 49,
weeks, Immediately prior to SAD . siet
ton. as provided by law. me -. ,an
cast at such election on such quessse
shall have printed thereon the Woiu or
For water works bond ISSUE M
Against water works bond issue &c
such ballots shall be Of UNIFORM
and COLOR .,o~o-
That under and in pursuance not
of the question as TO whether o. III.
such bonds shall be issued VIII pe ,;f,ed
mitted. to a vote of such qua.il'e as
electors of the city of Albuquefpu.o INV
have paid a property tax in salu oIee.
during the preceding year, at an "a at
ton for that purpose, to be hT ,,aees
the same time and at the same is,cers
as the regular election for city ei' iels
Of said city on said April 4th, ri.
by ballots deposited in a separate -
lot box ,,...or
D. H. BoATR1GgT' Mayor
Attest: