The Julesburg grit-advocate., 1920-01-22

able property in said town, IN o4di-
tion TO all other taxes. direct annsal
taxes in the following amounts and
at the following times:
In the year 1920. the snn Of
$4,000 for interest
In the years 1921 to 1928, inclu-
ing 100000 for interest and
terest.
In the years Of 1929 to 1923, in
elusive, the sum of $4,000 be-
ing $4,000 for interest and
$s.O00.00 for principal.
And said ia Ses, 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
ind 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 pro ided 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
p, vided for the paymnt of interest
may to such extent of interest on the
bonds so paid, be diminished.
And the sums hereinbefore provid
cd 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 S. 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 levyine other
| towr taxes, if such action shall be
necessary to effectuate the provisions
| of This ordinance. to ratify and carry
out the provisions hereof with refer
/ ence to the levying and collection Of
taxes; and shall require the officers
of and for said town to levy, extend
and collect snch 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
bends and the interest thereon shall
have heen fully paid, satisfied and
discharged, as herein provided.
Section 8. This ordinance, imme-
diatcly on its final passage shall be
recorded in the town book of ordnan.
ces, kept for that purpose, authenti-
Gated by the signatures of the Mayor.
and town clerk, and shall be published
in full in the Julesburg Grit-Advocate,
a newspaper published and Of general
circulation in said town of .Julesburg.
Section 8. 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 the
reason that the health of the people
of the town of .Julesburg, and the ade-
quate 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 90
days after its passage and publica-
tion.
Passed and adopted, signed and ap-
proved, this 18th day of January. \.
d. 1920.
ATTEST: G. II AUSTIN
G. S. kINSMAN, Mayor.
Town Clerk.
Published Jan %, 1920.