The Canon City record with which is consolidated the Canon City cannon., 1917-02-08
ORDINANCE. NO. ONE, SERIES OF

Az oRpINANcE g PRoyIpING FOR z
coLoRADo. or ITS NEGoTIABfE
COUPON BONDS IN THE AGGRE-
SAN6MfMaTEpp N6 hM3TEp OF steSpG i ST 81 p2 S &
REErSp1SG + Es MI LIKE ISi lY,Nr AMo5NT OF OF
DEBTEpNESS OF SAID CITY NOW
OK 3PTi9HAI FOR Or Fdi,M REpEMRTI2H; ME- On;
REFuNDlNG BONDS AND PRoNID-
ING FOR THE LEVY AND COLLEc-
TIoS .s,,. Of An iai,INi:A ANNuAb TAN TO PAy ~
WHEREAs. The city of Canon City,
Colorado. has heretofore issued and
there are now outstanding and unpaid,
Is negS'is bic e9aFen bends assgnssss hanss :.
firsf. 1898, and redeemabie after october
rate Of four and one-half, per centum
t4h 9a) per annum, payable seni-an-
bonds bonds OF 81 900 each. numbered from
one % to forty t40) inclusive, ag-
Erssa'ing $4,000 said sa, n6% oS's,snIS,nf aa,Iann
wHERExs. There are no funds in
the redemption OF said bonds or any
or either of them. or any part thereof'
WHEREAS. BY resolution duly
adopted on the fifteenth day of Janu-
airy, y. u. 1917, the city council of the
issue in accordance with the laws Of
the State OF Colorado, new bonds to be
denotninated "Refunding Bonds, the
same 10 be exchanged. dollar FOR dol
lar. for the bonds TO be refunded: the
amount Of bonds SO detsrmin.d upon r,
of $4,000; the certificate of such de-
termination having been herstofore
the records OF said city as required by
heretofor. determined that said Re
funding Bonds to be issued In the
aggregate, amount OF $4,000 shall be
exehs nged.. dollar for dollar. for the
bonds TO be refunded, the said city
council believe IL TO be their duty 10
issue said Rsfunding Bonds and cause
bonds to be refunded as aforesaid. as
and in the msnnsr previoed by T laWi Nm
DAINED by the city council OF the
CITY OF Canon city. in the state OF
Section /. That by virtue and N
pursuance OF an Act of The General
AssemSy Of tae state Of cI,is TI,eraaS snS
towns TO refund their bonded indebt,
edness.' approved April ~, 1915. and
shall be Issued bonds of said City of
FUNDING H Bonas'% to % the amount Of sto.-
600 for the purpose OF refnnding the
utstandins bonded ind"Dtsan.s,s OF
tion.
clerk OF said city OF Canon city be
and they are hereby authorized npd di-
rected 10 have prepared the negotiable
coupon bonds OF the city ia the said
aggregate amount of $4,000.
Section ;. That said bonds hereby
authorized shall be negotiable In
form, payable TO bearer. shall bear
date the first day of February. \. -:
1917. snail bear Interest at the rate OF
four aud one-half per centum q = 81
per annum, payable remi-nnnualiy. on
the first days OF February and August
in each year: shall consist Of forty
ff0) bonds mum bercd conrccutivcly from
one C) 10 forty iOl inclusive. being in
the denomination of $1,000 each; said
bonds shall mature In equal annual
installments as provided 6y law. Tie
numbered one ~ and two t2l for
81. 900 aggregatIng t2.eo9. and matur-
ing on the nrst day Of February. 1899.
and on the first day OF February OF
each year thereafter TO and including
tn. year issi two ~ more of rnid
bonds IN regular consecutive order
shall mature. The numbers of said
bonds. denominations. maturity date.
and number OF coupons to be attached
10 each bond shall be as follows: