The Spanish American. [volume] (Roy, Mora Co., N.M.) 19??-19??, 1919-02-08
Ordinance No. %, 1919.
FINAL ORDINANCE

leo, to the amount OF $4S,UOO.UO Tor
the construction Of water works
system in and for said village, pre-
scribing. the form of said bonds and Of
the interest coupons thereto annexed,
providing for the levy of an annual
tax to pay the interest on said bonds,
and to provide sinking fund for the
discharge Of the principal thereof At
maturity, and fixing the other details
of the ISSUE
WHEREAS, at an election called
and held in the Village Of Roy, County
of Mora, State Of New Mexico, on the
End day of April, 1918, in all respects
in strict compliance with the consti-
tuition and laws of the State of New
Mexico, more than majority Of the
qualified electors of said village, who
had paid a property tax therein dur
ing the preceding year, voted affirna-
lively for the issuance of negotiable
coupon bonds of said village to the
aggregate amount of $45,000.00 for
the purpose of providing funds for the
construction of water works system
in and for said village, and
WHEREAS, it is necessary to now
prescribe the form of said bonds and
of the interest coupons thereto annex
ed and to fix the other details Of the
issue.
NOW THEREFORE, Be it Ordained
by the Board of Trustees Of the VIII
Ilage Of Roy, State of New Mexico:
Section /, That for the purpose Of
providing the necessary funds for con-
structing a water works system in and
or the Village of Roy, County Of Mora,
State of New Mexico, there shall be
and hereby is ordered and directed to
be issued the negotiable coupon bonds
of said Village of Roy to the aggregate
amount Of Forty Five Thousand. and
No-10O Dollars. Said bonds shall be
designated ."Roy Water Works Bonds,
Series Of November 1, t9lS.' ? shall be
forty five in number, numbered from
one to forty five, both Inclusive, and
of the denomination of 81, 100000 each;
shall bear date, November 1, 1918, and
shall become due and payable on the
first day of November, 1948, the abso-
Lutte date of maturity of said bonds,
and each of said bonds shall be pay
able at the option of the Village Of
Roy at any time before the maturity
thereof, after the FIRST day Of NGgen-
bcr, 1888. -
Section 2. That said bonds shah be
payable to bearer, and shall bsar in
terest from date thereof at the rate
of six per centum per annurn, payable
semi-annually, on the 1st days of May
and December, each year, which in
stallments of interest to date Of ma
turity of principal shall be evidenced
by appropriate coupons annexed to each
bond, and both principal and interest
shall be payable in gold coin of the
United States of America, of or equal
to the present standard Of weight and
fineness, and shall be payable at the
banking house of Chase National Bank
III the City of New York, U. S. A.
Section g. That each of said bonds
and each of the interest coupons there
to, annexed, shall be in substantially
THE following form, to-wit:
Form of Bond)
United States of America.
State of New Mexico, County,of Nor;
Village of Roy
: ROY WATER WORKS BONDS
Series Of November /, 1918.
mo. $1,0O0.Ot
. The Village of Roy in the County o
0 Mora and State of New Mexico, hereb,
. acknowledges itself to be indebted ant
hereby promises to pay to bearer On
n Thousand and No-1OO Dollars, in gol
Y coin of the United States fAmerics
Of or equal to the present standard Q
weight and fncnoss, for value rcceiy
r ed, on the 1st day of November, A. D
f1948, with interest thereon at the rat
of six per centum, per annunl, payabl
T 1erli-annually, on the 1st days of Ma
t and November, in each year, upon pre-
a sentation and surrender of the anneS
ed coupons and this bord as they gev
orally become due, both principal an
interest payable at the banking hous
= of Chase National Bank, in tile City q
/, New York, u. S. A.
= The Village of Roy reserves tn
o right, however, to pay and redeem thi
n bond at any time before the maturit
thereof, after the first day of ,Novem
I Der, A. d., 1884,
This bond is issued by the board 0
trustees of the village of Roy, pursu
:, ant to apd by authority of votl 0
, the qualified electors of said villag
h at an election held in said village O.
o the End day of April, 1918, for tn
purpose Of securing funds for the con
struction Of water works system
to be owned, managed and operate
. by the village under the authority o
and in full conformity with the con
: stitution Of the State>of New Mexic
t and in full conformity with the pro
. visions of Chapter 76 of the laws o
the State of New Mexico passed a
: the first regular session of the Stat
: Legislature (Article XII, Chapte
LXXV, of the Code Of 1916 Of tn
State of New Mexico); and all othe
! laws of the State of New Mexico ther
unto enabling and in pursuance of al
ordinance Of said village, duly adopt
ed, published and made a law of sai
village PRIOR TO the issuance Of thi