The Arvada enterprise., 1922-05-18

~ WINK 0hVNb annual az N&tVtCu NuA,
towit:
In the year A. D. 1922, q
tax sufficient to produce the
net sum Of 1880, being for in
terest.
In each of the years A. D.
1928 to A. D. 1880, both years
inclusive, . tax sufficient to
produce the net sum of 5000 IN
each year. being for interest:
In each of the years A. D.
1881 to A. D. 1896, both year,
inclusive, q tax sufficient to
produce the net sum of 5000
in each year, being $4,000 fer
principal and 5000 for interest;
In the year A. d. 1886 a tax
sufficient to produce the net
sum Of $3.50 for interest.
and said tax when collected shall by
the Town Treasurer be kept in
separate fund to be designated
"WaterwQrks Extension Bonds, Ser
les 1922, Interest and Sinking Fund"
which shall be irrevocably pledged
TO and used solely for the payment
Of the interest aceruing on and the
principal Of the said bonds hereby
authorized when due. so long - any
Of said bonds or the interest coupons
thereto appertaining remain out
standing and unpaid and for greater
certainty, the Board Of Trustees
shall in each Of said years 1922 to
1886, both inclusive, include the
bond tax hereinabove levied for such
year in the annual estimate for town
purposes for said year; and the said
bond tax shall be extended upon the
tax rolls and collected in the same
manner, and at the same time -
general taxes for town. county and
school district purposes.
Section s. That on the fifteenth
days Of April and October, respec-
lively, in each year, 50 long a. any
Of the interest coupons appertaining
to the bonds hereby authorized TO be
issued remain outstanding and un-
paid. the Town Treasurer shall and
he is hereby ordered, authorized
and directed to remit, out Of the
fund designated In Section s of this
ordinance, in the form Of check or
draft, payable in New York City, U.
s. A., 70 the Chase National Bank
in said city sum sufficient to pay
the semi-annual interest aecruing
on said bonds on the lpt days Of May
and November respectively in each
year, and all escrow charges made
BY said bank for handling said cou-
rons; and on the 18th day Of April,
A. d. 1897, the said Town Treasurer
shall and he l. hereby authorized,
ordered and directed, 20 to remit out
Of the sinking fund created under
the provisions Of this resolution, to
the Chase National Bank . Gum suffi-
Client to pay the principal amount Of
said bonds - may then be outstand-
ing. together with the interest aeeru-
cd thereon TO the Let day Of Nay. A.
D. 1887. .
Section Z. That the Mayor, Treas
ursr and Clerk, respectively Of said
town. the Treasurer and County Clerk
respectively Of said county, are here
BY authorised, ordered and directed
to furnish the purchasers Of said
bonds with such certificates, trans
scripts or other documents - will
fully evidence the proceedings had
preliminary to The issuance Of said
bonds, the regularity and sufficiencv
thereof, and the acts Of said officers
In the premises arc hereby declared
authorised, ratified, approved and
confirmed. ,...x.
Section 8. That the sale and
award Of the bonds hereinbefore des-
cribed, to James H. Causey 4 Com.
pany Of Denver, Colorado, they being
the highest and best d i.,e-s therefor,
be and the same 10 hereby ratified,
approved and confirmed; and the
mayor, treasurer and Clerk are here.
by authorised and direc.el to deliver
said bonds after their execution and
registration rs herein provided to the
purchaser or purchasers upon pay
ment Of the purchase price therefor.
Section Q. That II be and 10 here
by certified. recited and warranted
that all conditions. acts and things
nccessay and essential to the validity
Of the bonds hereinbefore mentioned
and required by law to be done have
been fully done and performed In
due time, form and manner ~ re-
quired by law.
Section 10. That the provisions Of
this ordinance and each Of the bonds
and interest coupons issued pursu-
cnt hereto. shall constitute and the
same are hereby declared 70 b
binding and irrevocable contract be-
tween said town and the purchasers
Of said bonds and the holders from
time to time Of each Of said bonds
and the interest coupons thereto ap-
pertaining
Section II. That any and all
ordinances, or parts thereof, hereto
fore adopted In conflict with the
provisions hereof, be and the same
rrc hereby repealed. rcseindcd anu
annulled.
Section IL, That II il hereby de-
termined and declared that the town
Of Arvada. and the inhabitants there.
II are without adequate water supply
for domestic purposes and fire pro.
lection, and therefore Il 10 necessary
for the immediate preservation Of
the public peace. heath and safety
that the bonds herein mentioned be
issued and the wuterworka system