Cheyenne record., 1918-08-22
Ordinance No. 81
Published August %, 1913

An ordinance authorizing the board OF trustees
Of the town of Cheyenne Wells in the county Of
Cheyenne. in the State Of Colorado. to contract
Indebtedness On behalf of said town and and
upon the credit thereof. by issuing and selling
the negotiable coupon bonds of said town in the
AaereRste principal sum Of sac. 900 90. for the
purpose Of further supplying said town " tn wa.
ter tor fire and domestic purposes by the further
construction and extension Of the water works
system Of said town.-Said bonds to Be denomina-
ted "Wsterworks Extension Gold Bonds, Series
of 1918 and absolutely due and payable Fifteen
Years after date. bearing interest ut the rate Of
six per centum per annum payable semi-annualy
declaring due sale Of said bonds. to Keller Bros.
of Denver. Colorado: authorizing and providing
for the issuance. execution and delivery Of said
bonds: fixing the date and designating the denom-
nation thereof. and the place Of payment: provi-
ding for the levy Of q direct annual nd valorem
tax upon all taxable property in said town in ad-
dition to all other taxes. sufficient to pay the in
terest accruing on said bonds promptly when and
rs the same becomes due. and also to constitute
sinking fund sufficient to pay the principal there
CT at the time of their maturity repeating all
dinances. resolutions orders in conflict herewith
and declaring emergency.
Whereas Heretofore. at a special election duly
called and held in the town of Cheyenne Wells.
July A. D 1910 majority of the duly qualified
electors of said town who had in the year next
preceding said election paid property tax there
in. voting at said election by vote approved the
construction or waterworks system in and for
said town; and
Whereas. Pursuant to the authority conferred
at said election the board of trustees Of said
caused said waterworks to be constructed and for
tenn. issued nexotiable coupon bonds of said town
dated December /. 1911. in the sggresate principal
sum Of $l2, ,UOO.0O: and
Whereas. the present waterworks 30 construct
ed Is in adequate to supply ths domestic needs Of
sad town and do not afford proper fire protection.
and It IL Proposed and deemed necessary and ex-
peient and the best interests Of said city to ex
tend the said present wxterworks so that said de-
ticienciss may be rsmsdied: and
Whereas. 1t Is estimated that the said enlarge
nenls and TX tensions will Gust the sum of S1pujQ
and
Whereas. The bonds hereinbefore and and here
matter mentioned have b.en duly awarded and
solu by the busrd Of trustees 10 Keeler Brothers.
Investment bankers. Denver. Colorado the high
est Dd,.efs tLsretUr. ut psice in excess of the
value of sssd bonds. together with accrued In
thereon date of delivery. said bonds bear
ing intsrcsr ut the rate of six 6, per csntum. per
annum. the lowest rate at which nsid bonds could
be sold vt pAr.
Now. therefore by Of the premises.
be 1t Ordained by the Board of T.ustee Of the
Tow. oi C.e, .nhe Wells. in Cheyenne county.
>ol.rauO:
Section. That it appears to the Mayor and
h.i,i ot said would bs and it IL here
the best nteres - II contract in
debtedness On u s..,a Town of said town
and the credit the. by issuing and selling
rhe negotiable coupon bonds sail town in tine
aggregate principal sum OF $20.UOUOO tor the pur-
pose of further supplying the said town with
ter for fire and domestic purposes by the 1urth.r
construction and extension of the waterworks s., q
TEN of said town.
Section That in order to borrow money with
which to extend the present waterwoiks system
OF said town aforesaid ut u cost of approximate
ly $.U,0uJUJ there sh. be and there are hereby
authorized. ordered and directed to be issued and
delivered to the purch. thereof aforesaid. the
negotiable coupon bonds of said town to an
amount sggreg ating the principal sum of $2O.UOJ
which shall be known and designated Water
WORKS Extension Gold Bonds. Series iaiS''; said
bonds shai be ~ in number. numbered consecu-
lively IRON to 20 of the denomination of 81 ONOO
EACH shall bar date Of July 1. 1915 shall become
absolutely due and payable July l. 1888. that sa,d
l,onds shall bear interest from their date until
paid at the rate Of xix IL, per centum per snnum.
payable semi- annually on the first days Of Janu
ary and July re.rectfuly. In each year. which In
s.allments Of interests to date Of maturity Of prin-
cipsl. shall bs evidenced by appropriate coupon.
to be attached each bond. both the inter- st
accruinw the principal of xaid bonds. shall
be payable In gold coin Of the United States of
america or Of equal 10 the presett standard of
weight and fineness. At the office Of the town treas
urer in Chey yenne Wells. Colorado. vt the M
tionAi Bans of ofniner,e in the city of Aew York
otAte Of New York, v. s. a.. at the option Of the
holder.
Section 8 Each of said bonds and each of the
in .erest coupons 20 be thereto attached shall be
in substan, TALLY the following form. respectfully
t,-wi.; -H.
ttorm Of Bond)
UNITED STATES OF AMERICA
STATE OF ..OLORADO
COUNTY OF CHEYENkE E
TOWN OF cHEYENNE WELLS
Mo- $1,000
wArERwoRKs EXTENSION COLD BoNus
Series lyls.
KNOW ALL MFN BY THESE PRESENTS.
That the town of CheyeaIe Wells. OF Cheyenne
county Colorado. scknow ledRes itseif to and
for value eceiv-d hereby promises To pay 10 bea'-
sr hereof. the principal sum Of One ThousAnd
LollArs 0..' ouU on July !. A. d. 1888. together
" ith interest oa sAj1-s frnn stse Aats hereof
, ntil psid at the ratG Of sIx t6) per eentum per
annum. payable mi-annually on the iist q sys Of
JAnuary aud July. respectfully. In esrh yeaf. -
evidsneed by and upoa the pressneatiea and sur
r~ns3er Of the interest COUPONS hsrsts attached
they ssveraily bscsm. dse: and bvsh the s.id prin
cip.i and interest hsseby made payabls In gold
coin Of the United States VI Americs- Of eaus
to. the present standard Of weight and hneness.
1t the Office the iown Treasurer. In Cheyenne