Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-07-20


seal of the city and attested by the
City Clerk. The said bonds shall
have attached thereto twenty-five
coupons evidencing the semi
annual interest thereon, which
coupons shall be signed by the
facsimile signature Of the City
Treasurer. and when so executed
shall represent the semi-annual
interest on the bonds to which they
are attached.
Sec, s. The said paving bonds
, and the coupons to be attached
thereto shall be in substantially
the following form. to-wit:
UNITED STATES OF AMERICA
STATE OF NEW MEXICO
COUNTY OF BERNALILLO.
CITY OF ALBUQUERQUE
PAVING BOND.
No. - $4,000.
The city of Albuquerque, in the
county of Bernalillo and state of
New Mexico. for value received,
hereby promises to pay to the
bearer hereof. the sum of five hun
dred dollars, on the first day of
June. A. d. 1928. with interest
thereon from date until payment
at the rate of 7 per centum> per
annum, payable semi-annually on
the first days of June and Decem-
Der in each year; both principal
and interest being payable in law
full money of the United States of
America, with New York exchange.
at the office of the City Treasurer,
upon presentation and surrender of
this bond or to the annexed
coupons, as they severally become
due.
! The said city reserves the option
to redeem this bond at any time
before maturity. by paying there
for its par value and accrued in
terest.
This bond Is issued in exchange
for a like amount of assignable
certificates representing the cost or
paving and improving certain
streets and alleys in said city. in
| full conformity with the constitu-
ton and laws of the state of New
Mexico and the ordinances and
resolutions of said city duly
adopted and approved prior to the
issue hereof.
This bond is payable solely out
of a special fund designated the
Albuquerque Paving Fund. con-
tanning the receipts derived by the
city from special assessments
| levied to pay for said improve
ments. And it is hereby certified
and recited that for the payment
of this bond the city of Albuquer-
que assumes no obligation whatso-
ever, except for the creation of said
Paving Fund. the collection and
enforcement of all special assess
ments levied to pay for said i'm
provements. the deposit In said
fund of all receipts derived from
said special assessments, and the
payment of this bond out of such
receipts in the manner provided by
the ordinance under which this
bond is issued. And it is further
certified and recited that all re-
quirements of law have been fully
complied with by the officers of
said city in the issue Of this bond
and the assignable certificates for
which it was exchanged, and that |
all proceedings and things with |
reference to making said improve
ments. to the fixing of the assess
ment lien against the property i'm
proved, and the personal liability
against the owner thereof have
been lawfully taken and performed |
and that for the payment of this
bond and the interest thereon. the |,
city pledges all of its lawful cor
porate powers,
Tn Testimony Whereof, the city
nf A
porate seal to be hereto attached, |
and this bond to be subscribed by
the Chairman of the City Commits
sion and Ex-officio Mayor. attested |
by its CITY clerk and countersigned |
by its City Treasurer, and the in |
terest coupons hereto attached to |
be signed by the facsimile sigma
ture of the City Treasurer. this
first day Of June. A. D. 1922.
(SeaD VIM. r. WALTON,
Chairman, City Commission. and
Ex-officio Mayor.
Attest:
IDA V. MALONE, City Clerk.
Countersigned:
j. HERKENHOFF.
City Treasurer.
(Form of Coupon.)
No. $3.50
On the day Of, A. d.
ID, the City of Albuquerque,
New Mexico. will pay the bearer
seventeen and $4,000 dollars, in
lawful money of the United States
with New York exchange, at the
office of the City Treasurer. out of I
the Albuquerque Paving Fund, and
not otherwise, provided, that the
bond to which this coupon is at
tached shall not have been hereto
fore paid in accordance with the
terms thereof, being six months
interest on it's Paving Bond dated |
June /. A. d. 1922.
Fac-Simile Signature)
City Treasurer.
Sec. 8. That when the said paw
ing bonds are prepared and exc
cuted, they shall be exchanged for
a like amount of assignable GER
tificates which have been or will be
issued to the contractor construct
ing said improvements. and the
said paving bonds and the interest
thereon shall be paid and dis