The Spanish American. [volume] (Roy, Mora Co., N.M.) 19??-19??, 1918-02-02
ORDINANCE NO. IS. lOls

LACE OF ROY, NEW MEXICO, AT
THE REGULAR ELECTION TO BE
HELD ON TUESDAY, THE End DAY
OF APRIL, 1918, THE QUESTION
OF AUTHORIZING THE BOARD OF
TRUSTEES OF SAID VILLAGE TO
INCUR AN INDEBTEDNESS IN BE-
HALF OF THE SAID VILLAGE in
THE AMOUNT OF $45OO0.0O, OR so
MUCH THEREOF AS SHALL BE
NECESSARY, BY THE ISSUANCE
OF BONDS THEREFOR, TO MA
TURE THIRTY YEARS AFTER is
! SUANCE BUT TO BE OPTIONAL
FOR REDEMPTION TWENTY
YEARS AFTER ISSUANCE AND TO
BEAR A RATE OF INTEREST NOT
EXCEEDING SIX PER CENTUM,
TO RAISE FUNDS FOR THE CON-
STRUCTION, INSTALLATION AND
ERECTION OF A SYSTEM OF WA
TER WORKS FOR SAID VILLAGE,
AND TO AUTHORIZE THE ISSU-
ANCE OF SAID BONDS AND THE
LEVY OF THE NECESSARY TAX
FOR THE PAYMENT OF PRINCI-
PAL AND INTEREST THEREFOR"
WHEREAS, in the opinion Of the
board Of trustees Of the Village Of
Roy, in Mora County, State of New
Mexico, it is necessary, in order to fur
nish its citizens the necessary pro-
lection from fire and for the furnish
ing of water for domestic and COM
mercial purposes, that the village
should own it's system of water works,
and that it is for the best interests and
welfare of said village that the same
should be owned and operated by said
village, and that the question of the
acquisition Of such water works sys-
tenn and the authorization of the nee
essary Indebtedness therefor, by the
issuance of bonds, should be submitted
to the qualified electors of the Village
of Roy, and,
WHEREAS, the board Of trustees
deem it advisable at this time to have
the qualified electors of the Village of
Roy determine at the regular election
of village officials, to be held on Tues
day; the End day of April, 1913, wheth-
er such water works system should
be acquired by said village by the con-
struction, installation and erection OF
the same, and whether said village
should incur the necessary indebted
ness therefor, by authorizing the is
suance of Forty-Five Thousand and
No Hundredths Dollars in Bonds of
said village, or so much thereof as may
be necessary to accomplish such pur-
pose;
NOW THEREFORE BE 1T OR
DAINED BY THE BOARD OF TRUS-
TEES OF THE VILLAGE OF ROY,
IN MORA COUNTY STATE OF NEW
MEXICO:
SECTION /. That the regular cleo
ton of the Village of Roy, for the
election of village officials thereof as
prescribed by law, is hereby called to
be held on Tuesday, the End of April,
1918, at f. H. Fosters office, within
the Village of Roy, and to be held be-
tween the hours of 900 a. M, and 600
p. m. and that:
SECTION II. At said election there
shall be submitted to those qualified
electors of the Village of Roy, who
are tax payers under the law and who
have paid a property tax upon prop
erty located within the corporate linn
its of said village during the year pre-
ceding the said election, the question
of constructing, installing and erect
ing a water works system for the said
Village of Roy, including all the nee
essary appliances and machinery there
for, for the purpose of supplying the
said village and it's inhabitants with
water for fire, domestic and CONNER
cial purposes and to provide for the
payment therefor by the authorization
of an Indebtedness in the amount of
Forty-Five Thousand and 0-l00 Dol
lars or so much thereof as may be
necessary, by the issuance and sale of
bonds of said village to be issued pur-
suant to law and to mature in thirty
years and become optional twenty
wears after date of issuance thereof,
and to bear rate of interest not ex-
ceeding six percentum per annum, pay
able semi-annually and to authorize
the board of trustees of the Village of
Roy to levy necessary tax for the pay
ment of both principal and interest of
said bonds as they respectively ma
ture, and that:
SECTION III. At said election the
voters qualified to vote upon the fore
going proposition shall be the per-
sons who possess the qualifications
prescribed by the constitution and laws
of the State of New Mexico to be
qualified electors within the corporate
limits of the Village of Roy for village,
and general county and state elections
and who have paid property tax up
on property situate within the corpor-
ate limits of the Village of Roy dur
ing the year Immediately preceding
the date of said election, and in de-
termining who are ssch tax payers the