The Elk Mountain pilot., 1918-04-11
ORDINANCE NO. 11s

HELD EGLb''IfF N AND Fo FOR THE EHe10S TOWN
OF CRESTED BUTTE, GUNNI-
SON COUNTY, COLORADO, ON
TUESDAY, TO-WIT: THE I'd
DAY OF APRIL, A. D., 1918, Be
TWEEN THE HOURS OF 700
9'GIock 9'GLock p. N N. M AND 700
WHEREAS, In accordance with Or,
approved March 4th, A. d., 1918, and
thereafter duly published, the fol-
lowing question, to-wit:
''Shall the board of trustees
of the town of Crested Butte is
sue the negotiable coupon bonds
of the town, for the purpose of
funding the floating indebted
ness, consisting of judgments
against said town and outstand-
ing legal warrants of the town
in an aggregate amount up to
and dollars (S11,000) by making
sale of said bonds or any thereof
at not less than par, net to the
town, and using the proceeds
thereof in payment of such legal
indebtedness and legal war
rants. or by exchanging at par
said bonds or any thereof for
warrants at par of said town,
which were outstanding on the
4th day of March. A. D. 1918, be-
ing the date of the adoption of
the Ordinance providing for the
submission of this question:"
AND WHEREAS, The town clerk
and recorder has caused due and
sufficient evidence of the lawful pub
lication of said Ordinance No. III
and the notice of election appearing
therein, and the proper posting of
said notice, to be furnished to this
board, and the said board has caused
the same to be filed of record as n
part of the proceedings of said
town: and
WHEREAS, After due canvass of
the returns of said election rs made
by the recorder and mayor of said
town, it WIS and is hereby and here
with found. declared and certified
that the total number of ballots cast
at said election upon the question
submitted thereat was 81, of which
80 ballots were for funding floating
indebtedness and outstanding war
rants and IL ballots We're against
funding floating Indebtedness and
outstanding warrants; and that a
majority of 80 of all of the ballots
cast at said election was for fund
ing floating Indebtedness and out
standing warrants;
Now, Therefore, in consideration
of the premises.
BE IT ORDAINED BY THE BOARD
OF TRUSTEES OF THE TOWN OF
CRESTED BUTTE. IN THE COUN-
TY OF GUNNISON. IN THE
STATE OF COLORADO:
Section l. That the funding bond
election held in the council room in
the town hall in and for the town
of Crested Butte, in the county of
Gunnison. in the state of Colorado.
on Tuesday, to-wit: the I'd day of
April, A. u, 1918, beginning at the
hour of seven O'Clock n. m. and clos
ing at the hour of seven o'clock p.
M, be and the same is hereby deter
mined and declared to have been duly
called. noticed and held in strict COM
pliance with law.
Section q That the result of said
election has been duly certified and
returns thereof duly made to and
canvassed by the recorder together
with the mayor of said town, and
said canvass shows that on the Gues-
tion submitted at said election there
were 81 ballots in all cast at said
there were cast so ballots for fund
ing floating indebtedness and out
standing warrants .;And IL ballots
against funding floating indebtedness
and outstanding warrants; and that
n majority of 80 of all the ballots
cast was in the affirmative and FOL
funding floating Indebtedness ano
outstanding warrants.
Section 3. That it be and is here.
by certified recited end warranted
that at said election a majority OF
r L. 81, NJ NtFa-
taxpavers of said town under the
4 law, present and voting at said cleo
tion voted "for funding floating in
debtedness and outstanding war
rants" and that the board of trus'
tees of said town is hereby duly au'
thorized and empowered to issue the
municipal coupon bonds of said town
of the character, to the amount and
for the purpose aforesaid.
Section 4. That this ordinance
shall take effect and be in force five
DAYS after its passage. approval and
due publication and shall be forever
irrepealable.
Section 5. That any and all or
dinances. or. parts thereof, in con
1ict herewith, or which would in any
wav prevent the passage and adop-
tion of this ordinance at this meet
ing, be and the same are hereby re-
pealed. - ,o
9Th DAY OF APRIL. A. D.. 1918.
4 JOHN ARNOTT.
Mavor of the Town of Crested Butte
Gunnison County, Colorado.
| (SEAL)
Attest:
E. G. GLADSTONE,
Town Clerk of the Town of Crested
Butte, Gunnison County, Colorado