Gunnison news-champion., 1917-08-24
Nee { 70 81 i.elsstve. Denoai.a

Nos Z 20 - inclusive. Denonina-
TOTAL '1ERIEs b ssa.ees
leAvtng . total OF said refunding bonas
dated Noveober 18th. A. D. 1899. out
sG % s.ss . sos e: .S1 as1fresa's Prinei'.
WHEREAS. II 10 deemed expedient
and to the best interests OF aaid coun-
~ TO tssue refunding bonds in the ag-
Ercgate principal sum OF e3S1000 for
the purpose Of refunding q like amount
OF said outstanding indebtedness and
redeeming refundIng bonds dated No.
WHEREIN. There are no funds In
the treasury OF said county available
for the payment or redemption OF said
bonded indebtedness Of said county
which 10 now redeemabIe and payable
al the option of the said county afore-
said. and
WHEREAS. Sections 1 ana > of an
several eountie. Of the state % TO refund md
their bonded Indebtedness. and to re-
peal Chapter Sixty-two(sel of the Ses-
sion Laws of Colorado of isis-. being
3oth. A d. 1917. provide. respectively.
section 1. The board OF county
state OF Colorado may issue negotiable
coupon bonds. to be dcnominated re-
funding bonds. for the purpope OF re-
funding any Of the bonded Indebtedness
OF such county. whether due or not
due. or which has or may hereafter be-
come payable At the option Of such
county or By consent OF the bondhold-
ers. or by any lawful means whether
such bonded indebtedness Be now ex.
fsting or may hereafter be created,
and there shall not be funds In the
Treasury OF such county available for
the payment or redemption Of such
bonds: but the amount OF such refund
ing bonds TO be issued under the pro-
visions Of this Act shall nrst be de-
termined by such board Of county
determination shall be made and en-
tered In and upon the records OF the
county prior to the issuance OF said
refunding bonds.
Section O. whenever such board Of
county commissioners shall deem Il
expedient to issue refunding bonds un-
der the provisions of this Act. the rate
Of interest thereon shall not exceed
the rate of five per centum Is per cent?
per annum. and such refunding bonds
may issue without the submission of
the question OF issuing such refunding
bonds TO a vote OF the qualified electors
of such county"
Now. Therefore. in Consideration of
BE TT RESOLVED BY THE BOARD
OF COUNTY COMMISSIONERS OF
GuNNIsoN COUNTY. COLORADO. as
Section !. That it Is here
% ent and desirabie and to the best in
terests of said county. that negotiable
snSH fSnSnr be- Se .snea the
grcgate principal sum OF f252.000 for
the purpose of refunding and paying
a like amount of the outstanding and
unpaid bonded indebtedness of said
county. consisting of refunding bonds
dated November 18th. A. d. 1899, now
optional for redemption. which said re-
funding bonds to be issued. shall bear
t5) per centum per annum. payable
'enu;i Section !. That the amount of bond.
pose OF refunding said bonded In
debtedness. be and the same Il here
by fixed and determined at s252.000.
Section 3. That II IL now the duty Of
having determined the amount Of bonds
to be issued for the purpose aforesaid.
to enter In and upon the records of
said county cestinc:te OF such de-
APPRovED This l7th day of Au-
ssssiA ssss; a D. 1917 W " wuA,rx.
Chairman. Board Of County Commits
Attest: r. o. BARRETT.
Clerk. Board OF County Commissioners
Commissioner c. L Mcdonald. and the
motion being upon the adoption OF the
foregoing resolution. the roll was
called with the following result:
Those voting Aye: Chairman w. H.
Whalen. Commissioner C. L. Mcdonald
and commlssloner George l. Miller.
Those voting Nay: None.
And the motion was by the Chairman
declared carried and the foregoing
resolution duly and unanimously
adopted. and thereupon the Chairman
and Clerk signed said resolution.
nd hA 1ru n.
cate was then and there. in the pres
ence OF said Board of County Com
missioners made, signed by the Chair
man and Clerk Of said Board OF County
Commissioners and sealed with the
corporate seal Of said county: and upon
motion duly made. seconded and unan-
imously carried. the said certificate Of
determination w as unanimously
adopted by said Board OF County Com
missioners and ordered to be entered
in and upon the records of said county,
as follows. to-wit:
STATE OF cod0RADo. lss