Albuquerque morning journal., 1916-03-08
NOTICE OF ELECTION TO DETER.
NINE QUESTION OF ISSUANCE
OF WATER SYSTEM BONDS.

Public notice is hereby given that a
resolution was duly adopted by the
i city council of the city of Albuquer-
que on the 29th day of February, \. d.
1916, which is in words and figures as
/ follows, towit:
BE it resolved by the city council
+ of the city Of Albuquerque:
THAT Mt 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 lth day Of April 1916, there shall
be submitted to 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 system for supplying water to the
city of Albuquerque and the inhabi-
tants thereof as provided by Ord-
nance No. $40. which said ordinace is
in words and figures following, towit:
AN ordinance authorizing the issue
of $500, 10000 of bonds of the city OF
Albuquerque, or so much or such part
thereof us may be necessary To pro-
vide funds for the construction or pur-
chase of Il water system for supplying
water TO the city of Albuquerque.
BE is ordained by the city council
Of tho city of Albuquerque:
See. |. There shall be issued nego-
liable bonds of the city Of Albuquer-
que to tho amount Of $500, 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 a system for supplying
water to the city of Albuquerque and
its inhabitants. Such bonds shall be
issued in denominations of 10000 or
any multiple thereof, and shall bear
interest at a rate not to exceed per
cent per annum, payable semi-annu-
ally, and shall become due and paya-
bic AZ years from date and at such
place or places within or without the
state as the city council shall deter
mine, and shall provide that the city
council shall have the right to pay
any or all of such bonds at any time
after twenty t20) 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 only,
to the highest and best bidder, after
publication of notice of such sale as
provided by law.
Sec. 2. There shall be levied in
each year hereafter until the principal
of said bonds shall be fully paid,
special tax upon all the taxable prop
crty of the city of Albuquerque neces-
sary To pay the interest on said bonds
under the terms hereof, and the pro-
ceeds derived from the said special tax
snail be used for no other purpose
than the payment of interest accruinG
upon the said bonds.
Sec. 3. AT the end of five years af-
ter the date of the issue of said bonds
and each year thereafter until the
said bonds are fully paid. there shall
be levied special tax upon all of the
taxable property of the city Of Albn-
querque sufficient with other funds on
hand and available for that purpose
to raise > IL per. cent of the amount
Of said bonds for the purpose of pro
viding sinking fund for the payment
thereof, and the proceeds of said spe-
cial tax shall be used for no other
purpose than the payment of said
bonds
That a notice of the time and place
or holding such election and the pur-
poses for which such bonds are to be
issued shall be published in the All
ouquerquc Morning Journal. a news
paper Of general circulation, at least
49, N'NH Ntth Ibl lDut tbiiSVtNeA'N
weeks, Immediately prior to said cleo
Iion, as provided by law. The ballots
cast at such election on such question
shall have printed thereon the words
For water works bond issue" or
Against water works bond issue" and
such ballots shall be of uniform size
md color"
1hat under and in pursuance there
OF the question as to whether or not
such bonds shall be issued will be sub
lnttted TO vote of such qualified
electors Of the city of Albuquerque as
nave paid property tax in said city
iuring the preceding year. at an cleo
lion for that purpose, to be held at
the same time and at the same places
as the regular election for city officers
of said city on said April 4th, 1915,
by ballots deposited in a separate bal
lot box.
n. II. BOATRIGHT. Mayor.
Attest:
THos. HUGHES. City Clerk.