The Julesburg grit-advocate., 1920-01-29
the funds derived from the sale there

the funds derived from the sale there.
Of.
Section I. The interest falling due
OH said bonds on August l, 1920 and
February 1, 1921 shall be paid cut
Of the general revenue fund Of the
Town, and for the purpose of reimbur-
sing said general fund for said in
stallment of interest, and in order to
raise the necessary funds with which
to pay the interest due August 1, 1924
and thereafter promptly as the same
accrue, and for the purpose Of creating
sinking fund for the ultimate pay
ment and redemption of said bonds,
there shall he levied on all the tax
able property in said town in addi-
tion to all other taxes, direct annual
taxes in the following amounts and
at the following times:
In the year 1920, the sum of
$4,400.00 for interest.
In the years 1921 to 1928, inclu-
sive the sum of $2,2OO.OO for in
terest
In the years 1929 to 1888, inclu-
sive, the sum of $4,000 being
$2,200.00 for interest and $4,000.
for principal.
And said taxes, when collected, shall
be applied solely for the purpose OF
the payment of said interest and the
principal of said bonds respectively,
, and for no other purpose whatever,
| until the indebtedness so contracted
under this ordinance, both principal
and interest shall have been fully
paid, satisfied and discharged, but
nothing herein contained shall be so
construed as to prevent said town
from applying any other funds that
may be in the town treasury and avail
able for that purpose, to the payment
of the principal and interest, as the
same respectively mature; and the
levy or levies herein provided for,
may thereupon to that extent be di-
minished and upon the payment of the
principal of any of the bonds issued
hereunder. in said manner or by the
use of the sinking fund herein pro-
vided for. the levy or levies herein
provided for the payment of interest
may to such extent of interest on the
bonds so paid, be diminished
And the sums hereinbefore provid
ed for, to meet the interest on said
bonds and TO discharge the principal
thereof, when due. are. hereby appro-
priated for that purpose, and said
amount for each year shall also be
included in the annual appropriation
bills passed by the board of trustees
of said town in each year respectively.
Section D. 1t shall be the duty of
the board of trustees of the said town
annually, at the time and in the man
ner provided by law for levying other
.l | 20 IF crrrh optinn shall he
necessary to effectuate the provisions
Of this ordinance, to ratify and carry
out the provisions hereof with refer
encc to the lcvying and collection OF
taxes; and shall require the officers
of and for said town to levy, extend
and collect such taxes in the manner
provided by law for the purpose OF
creating a fund for the payment Of
the principal of said bonds and the IN
terest thereon. and such taxes when
collected shall be kept for and applied
only to the payment of the interest
and principal of said bonds as herein
before specified.
Section 6. All ordinances, bylaws
and regulations Of the town of Jules
burg, in conflict with this ordinance
are hereby repealed.
Section 7. This ordinance shall be
and remain irrepealable until said
bonds and the interest thereon shall
have been fully paid, satisfied and
discharged as herein provided.
! Section 8. This ordinance, imme-
diately on its final passage shall be
recorded in the town book of ordinan-
ces, kept for that purpose, authenti-
| =. h., rf tho Mavnr
and town clerk, and shall be published
in full in the Julesburg Grit-Advocate,
newspaper published and OF general
circulation in said town of Julesburg.
Section g. In the opinion of the
board of trustees of the town Of
Julesburg the extension of the water
works system Of the town of Julesburg
is necessary for the immediate pre-
servation of the public peace, health
and safety of the community, for tn"
reason that the health of the people
of the town of .Julesburg, and the ade-
uuatc protection of the property Of
the town and the inhabitants thereof
from fire, demand an immediate in
crease in the water supply. We do
therefore declare that an emergency
exists and that this ordinance shall
take effect and be in force five t5)
DAYS after its passage and publication.
Passed and adopted, signed and ap-
proved. this, gath day Of January, 4.
ID. 1920
! ATTEST: G. H. AUSTIN.
G. S. KlNSMAN, Mayor.
Town Clerk
Published Jan. 30, 1920.