The Julesburg grit-advocate., 1920-01-22
LEGAL NOTICES
ORDINANCE NO. ID

OF THE TOWN OF JULESBURG,
COLORADO, AND UPON THE
CREDIT THEREOF, BY ISSUING
NEGOTIABLE COUPON BONDS OF
SAID TOWN TO THE AMOUNT OF
FORTY THOUSAND DOLLARS
($4O,OOO) FOR THE CONSTRUC-
TION, EXTENSION AND I'M
PROVEMENT OF A SYSTEM OF
WATERWORKS FOR FIRE AND
DOMESTIC PURPOSES, PRESCRIB-
ING THE FORM OF SAID BONDS
AND PROVIDING FOR THE LEVY
ING OF TAXES TO PAY THE PRIN-
CIPAL THEREOF AND INTEREST
THEREON"
WHEREAS, under the authority of
the constitution and the laws OF the
State of Colorado, as heretofore and
now in force, and the requisite approx
ing vote Of majority Of the properly
qualified voters of the town of Jules
burg, who were taxpayers under the
law, heretofore duly had and taken in
full compliance with all constitution
al and statutory requirements, at
special municipal election held in and
for said town of Julesburg on the 4th
day of February, A. d. 1907, the town
of Julesburg had the power, and the
town board of trustees thereof were
duly authorized to and did erect
system of waterworks for fire and do
mestic purposes, and said town Of
Julesburg thereafter and now owns,
operates and maintains said system
of waterworks for the purpose of sup
plying said town and its inhabitants
with water for fire and domestic pur
poses, and
WHEREAS, by reason Of the
growth of the town of Julesburg, the
present water system is Inadequate
for the said town and the inhabitants
thereof, and it is necessary to erect
and construct additions, extensions
and improvements to said water sys-
TEN in order to supply the said town
and the inhabitants with proper and
adequate supply of water for fire and
domestic purposes; and
WHEREAS, in the opinion of the
board of trustees of said town of
Julesburg, it is necessary to provide
the additions, extensions and improve
ments to said waterworks system in
order properly to safeguard the health
of the people and for the general pub
lie welfare, and there are not suffici
ent funds in the treasury of said
town to provide for the said necessary
additions, extensions and improve
ments, the said board of trustees
deem it advisable and necessary that
the sum of forty thousand dollars
($40,000) should be expended for the
purposes aforesaid, and it is neces-
sary in order TO obtain said funds to
issue the negotiable coupon bonds of
said town in the aggregate amount of
forty thousand dollars (s40,000) as
hereinafter set forth:
NOW THEREFORE,, BE 1T OR
DAINED BY THE BOARD OF
TRUSTEES OF THE TOWN OF
JULESBURG, COLORADO:
Section I. That the system of wat
erworks for fire and domestic pur-
poses now owned, managed and op-
Grated by the town of Julesburg be
improved, enlarged and extended, SO
that the town may have an adequate
supply of water for fire and domes-
tic purposes in accordance with the
plans and specifications adopted, or
hereafter to be adopted by the board
of trustees of said town; and that for
the purpose of providing funds for
the extension and improvement of
said waterworks system as originally
contemplated and authorized by Ordi-
nance No. 20 of the town of Jules
burg, adopted and approved on the
18th day of February, A. d. 1907, the
said town shall issue its negotiable
coupon bonds in the aggregate amount
of forty thousand dollars (s40,000) to
be designated "Julesburg Waterworks
Extension Bonds, Series of 1920" con-
Sisting of forty bonds in the denom-
nation of one thousand dollars ($1,-
000) each, payable in lawful money of
the United States of America. and
bearing interest from and after the
first day of February, A. ID. 1920. at
the rate of five and one-half per cen
tum (513GD per annum, payable semi
annually on the first day of August
and the first day of February in each
year. The said bonds shall be num-
bered in regular and consecutive or
der. commencing with bond number
ed one a., shall be redeemable on
and after February !, 1880, and shall
be absolutely due and payable on the
first day of February, A. D. 1888.
Said bonds. both principal and inter
est, shall be payable at the offic of
the Town Treasurer in the town of
Julesburg, Colorado. or at the bank
ing house of kountze Brothers. in the
city of New York, U. S. A., at the
g h.. II i n