The Canon City record with which is consolidated the Canon City cannon., 1917-01-18
ORDINANCE NO.

ORDINANCE NO.
AN ORDINANCE PROVIDING FOR
GNoN @ sNssSASef ef4Y in H4 THE TIE sTATE SITE OF OF
coHpBAp2 coP5A 2aSbs 2E 4Fs fH MFGoTadAahahEE IaaaE
Ssh:I5y1M0TE GA15 AMoTNT OF stoSUG + g e pq I Hi &
RHF1'S; REFpNpIEG 4 LIKE Tx 4Mo1NT OF
THE OUTSTANDING BONDED IN
bETEnHss I3r, Il ,F 9E sARP RIs6fT1i9N GiTf H9M
PKEscaiBING cf.fb I'll THE FoHM SGsl1 Or s3ID
REFuNDING BONDS AND PRoVID-
TIoN OF AN ANIMAL. TAN TO PAY
Ihs SAME, PRINCIPAL AND IN
WHEREAS. The City of Canon City,
In the County OF Fremont and state of
colorado. has heretofore issued and
there are now outstanding and unpaid,
city of Canon City RefHnsiias Bonds .
dated October first. 1903, due October
Iirst, 1923. and redee mable after October
Hrst. 1913, bearing interest at the
rate Of four and one-half per centum
nuaiIy, and consisting OF forty CIop
bands OF 81 900 each. numbered from
one q to forty dSo. Hol inclusive; ,1s., ag-
bonds being unpaid but now optional
for redemption: and
the Treasury OF said city available for
the rtdemption of said bonds or any
or either Of them. or any part thereof:
WHEREAS. BY resolution duly
adopted ON the fifteenth day OF Janu-
said city of Canon city determined to
issue IN accordance with the laws OF
tina state OF Colorado. new bonds TO be
dcnominated "Refunding Bonds.' the
same TO be exchanged. dollar for dol
lar. for the bonds TO be refunded: the
amount OF bonds so determined upon
10 he issued as aforesaid being the sum
of $4,000. the certificate OF such de-
termination having been heretofore
duly made and entered in and upon
the records of said city as required by
WHEREAS. the city council has
heretofore determined that said Re
funding Bonds so to be issued In the
exchanged, dollar for dollar. for the
honds 10 be refunded. the said city
issue said ftefunding Bonds and cause
the same to be exchanged FOR tn"
bonds TO be refunded as aforesaid. as
and in the manner provided by law.
NOW. THEREFOlIE. BE TT or
DAMNED by the city council OF the
City Of Canon Guy in the state OF
seeti"n l. That by virtue and in
pursuance % an an Ast Of me 1,ens55sI "a
entitled. An Act to enable cities and
towns to refund their bonded indebt. .
Appearing as Chapter ls5 OF tn. Ses-
sion laws OF Colorado. 1915. there
Canon city, To be denominaud He
funding Bonds" 10 the amount OF f40.-
600 Tor the purpose OF refundiuS the
outstanding bonded inds sbt.dncss OF
said city now optional for redemp-
zion.
section 9 That the mayor and city
clerk OF said city OF Canon city be
and they are hereby authorized and dl-
Tected TO have prepared the negotiable
coupon bonds of the city in the said
aggrrEute amount Of $4,000
$ ctluu :. That said bones hereby
authorized shall be negotiable In
form. payable 10 bearer. shall bear
date the first day OF February. \ u.
1917. shall bear interest nt the rate or
four aud one-half per centum az -
per annun. payable rcmi-anuualis, on
lAe hTst days OF rehroary ard August
IN each year; shall consist of forty
sl0B bonds numbered consccutirsly from
one f1b TO forty tt0l inclusive. being In
the denomination OF $1,000 each. said
bonds shall mature In equal annual
laataliments as provided by law, the
ngst hstullmont consisting of bonds
numbered one 10 and two go for
i.ooe. uggregatiag $1,000. and matur-
ing on the first day II February. i3t..
and on the FIRST day Of February OF
each year thereafter TO and Including
tle year 1871 two fzl more OF said
bonds In regular consecutive order
shall mature. IN. numbers Of said
bonds. oenaDslnations. maturity dates
and number OF coupons To be attached
10 each bond shall be as follows.