Gunnison news-champion., 1917-08-24

IS; IS; ;:::s: ;:: i::$$: i::$$: 9;:::$
1899 1899 i.sSS sSS 1sSSS 1s:SSS is;$S i;.sS$
placed In q fund to be called the RE
demption Fund to pay refunding bonds
dated July l.. A. d. 1si7." and said taxes
of the payment of the said interest and
principal of said bonds respectively.
and for no other purpose whatever un-
I'll the bonds authorized under this res
olution. principal and interest. shall
have been fully paid. satisfied and dis
charged. but nothing herein contained
shall be so construed as to prevent
funds that may be In the treasury Of
the county and available for that pur-
4 pose to the payment OF the said inter-
est or principal as the same respective
| ly mature and the levy or levies here
in provided for may thereupon to that
extent be diminished.
Section 8. That the provisions OF
this resolution and each OF the bonds
and the interest coupons issued pur-
suant thereto shall constitute and the
same are hereby declared to be a bind
ing and irrevocable contract between
said county and the holder from time to
: time OF each of said bonds and the In
terest coupons thereto appertaining.
Section Z. That this resolution shall
not be altered or repealed until the
bonds hereby authorised shall have
(, been fully paid. both principal and in
terest.
Section 8. That on the 18th days Of
June and December. respectively In
each year hereafter SO long as any Of
the interest coupons appertaining to
sued remain outstanding and unpaid.
the county treasurer shall and he Ia
/ hereby ordered. authorized and di-
his hands belonging to said county. in
| the form OF check or draft payable In
New York City y. s. A.. 70 the Ma
and state Of New York. u. 8. A. a sum
sufficient to pay the semi-annual In
terest accruing on said bonds on the
hvst days Of January and July, re:
I spectively. In each year. and any and
ah escrow charges made by said bank
4 for handling said coupons: and on the
L 18th day of June In each Of the years
urer shall and he IL hereby authorized.
i ordered and directed out OF the sinking
fund created under the provisions of
draft In New York. to the National
i Bank OF Commerce. In New York. q sum
sufficient to pay the principal amount
said bonds maturing y, hs on the ss, iss Gay
1912. inclusive, together with interest
accrued thereon. and any charges made
by said bank for handling the same.
Il Section. 8. That In case of the ex-
change of the said refunding bonds
herein authorized to be issued for the
said outstanding refunding bonds dated
lKNONctIlOcT AVtfis ~. ~. AoSVs thC nuiu %
change shall be made and the said
outstanding refunding bonds redeemed
and cancelled at the Office of the count
Brothers. e In the C city ty' Of Denver, Colo.
J rado. after due notice and call for the
bonds to be redeemed. published BY the
county treasurer az provided by law.
Section 10. That the said bonds. or any
part thereof. shall be sold or exchanged
at such time or times. in such manner
and bearing such q rate or rates OF In.
Is per cent?, as may by this board BY
resolution or resolutions be prescribed
Section IL. That the Chairman Of the
cisrE cHs % and Sot tressSper respectiyeiy. % o,
said county. all, any. or either OF them
are hereby authorised. ordered and di.
rected to furnish Keeior Brothers with
documents As will fully evidence tht
suence of said bonds, the regularit,
anyone or ali Of said Officers are here.
by authorised. ratified. approved ant
1 section IL. That it be and is here.
by certlfied. recited and warranted
that all conditions. acts and thingl
necessary and essential to the validit,
Of the bonds h ness!nSsfoss s men %sn'iSnss SDs
been fully done and performed:
Section - That the provisions q
this resolution and each OF the bond
4
sued pursuant thereto. shall constitute
and the same are hereby declared e
be binding and irrevocable contrac
holders from time to time of each o.
said bonds and the interest coupon
thereto apperteining.
orders. or parts thereof. in conflict witt
the provisions hereof. be and the SAINT
are hereby repealed. rescinded and an
Section Is. That this resolution Il
necessary for the immediate preserva
tion of the public peace. health ant
safety. and an emergency 10 hereby de-
full force and effect Immediately upof
its hnal passage, shall be recorded ii
the record Of proceedings Of the boart
ty kept for that purpose. and authen
ticated by the signAtures OF the Chair.
man and Clerk Of said Board. and Al
proceedings Of said Board including
ixation and issuance of said 3252.00l
refunding bonds. shall be published II
The 0nnnison News-Champion" .
n:wspspsr published p I.;s s,,,,;a and Of genera
1sHsrsHo P1ssED AND m Ia xpPRovED fISf th,. 1T,
day Of August A. p. 1917:
chsirman. Board Of County commis
i sionsrs OF Gunnison County. Colo
Attest: R. O. BARRETT.
Clerk. Board Of County Commissioners
Thereupon Commissioned c. l. Ne
DonalA seconded the motion for III
adoption Of the foregofng resolution.
The Chairman thereupon put Tn
question upon motion. for the Anal pas,
4 sage and adoption Of SAID resolutios
and upon roll can. The vots rss0itsl
- fo110Wu:
Those voting Aye: Chairman W. II
Whalen, Commissioner c. I. Acponall
anA Commissioner Geo. L. Miner.
-4Aeoo ueean9s ~: s0eAA.