The Arvada enterprise. (Arvada, Colo.) 1908-1970, 1922-04-20

here shall be and by this ordinance
here is hereby levied upon all the
;axeble property in said town, In
n addition to all other taxes the fol-
ewing direct annual ad valorem tax
;0wit:
In the year A. D. 1929,
tax sufficient to produce the
net sum Of $3.50, being for in
terest.
In each of the years A. D.
1929 to A. D. 1880, both years
inclusive, q 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. 1895, both yeats
inclusive, q tax sufficient to
produce the net sum Of $500
in each year, being $4,000 for
principal and 5000 for interest;
In the year A. d. 1886 tax
sufficient to produce the net
sum ol $3.50 for interest.
and said tax when collected shall by
the Town Treasurer be kept In
separate fund to be designated
"Waterworks Extension Bonds, Ser.
les 1922, Interest and Sinking Fund"
which shall BE- irfeyocabIy pledged
to and used solely for the payment
CT the interest accruing on and the
principal Of the said bonds hereby
authorized when due, so long ~ any
Of said bends or the interest coupons
thereto appertaining remain out
.t.nl;n. sX& nrno;d S.nd for Oreater
sh.ii ~ cash Of said year, 1922 to
1885, both inclusive, iRcluds the
bond tax hereinabove levied for such
year in the annual estimate for town
purposes 70. said year; and the said
bond tax shall be extended upon the
tax felI1 and collected in the same
manner, and st he same time q.
general taxes fQf town, county ana
school district purposes.
Section s. That on the fifteenth
days Of April and October, respec-
lively, in each year, 10 long ~ any
Of the interest coupons appertaining
10 the bonds hereby authorized to be
issssd remain epts,andiRg fnd m.
paid. the Towa Treasurer shall aRd
he il hereby ordered, AUTHORISED
and directed to remit, out Of the
lvhd designated in Section S Of this
ordinance, 10 the form Of check Or
draft, payable In New York City, v.
s. A., W the Chase National bank
in said city . sum sufficient to pay
lha semi-annual interest aceruing
on said besl. ca the lst days Of May
and November respectively IN each
year, and all escrow charged made
hy sid bank for handling said coa-
ponS; and on the 18th day Of April,
4 A., p !S5 ~ 50 s, Iexr .lT Gsasass!
ordered and directsd, 70 to remit out
Of the sinking fund created under
hs Dsevisi9ns Of this resolution. 70
the Chase National Bank . sum surf.
Gent to pay the PRINCIPAL amount Of
said bonds - may then be outstand-
ipg together with the interest aceru-
cd thereon 70 the lst day Of Nay, A.
D. 1887.
Section z. That the Mayor, Treas
srcr and Clerk, respectively OF SAID
town, the Treasurer and County Clerk
Yeepcctjvsly ef said county, are here.
81 authorized, eFdefea and directed
70 furnish the purchasers 03 4aid
bonds with such certificates, tIanl.
scripts or other documents ~ will
fully evidence the proecsdinss had
pfoiiminasy 70 the issuance Of said
bonds, the regularity apd sYfficiency
thereof, and The acts Of said officers
In the premisss arc hereby declared
authorised, ratified, approved and
confirmed. .SIAis
Section 8. That the sale and
award Of the bonds hersinbefore des-
cribsd, TO James H. Causey 4 Com.
pany Of Denver. COLORADO, they being
the highest and beat u l:ssys the1sfor,
be and the same 10 hereby ratified.
approved and eonfirmcd; and the
mayor, treasurer and Clerk are here.
BY ssthorjxed and direc.cl to deliver
said bonds after their execution and
registration ~ herein provided t9 the
purchaser or purchasers upon pay
ment Of the purchase price therefor
Section ., That j. be and is here,
that all conditions. acts and things
neesssay and essential TO the validity
Of the bonds hereinbefore mentioned
and required by law TO bs 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
anne are hereby declared to be a
6indiaa 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 ~. That any and all
ordinances. or parts Thereof. hereto.
fore adopted In conflict with the
provisions hereof, be and the same
rrc hereby repealed, rcscindcd anu
annulled.
Section l2. That II Is hereby de-
tcrmined and declared that the town
Of Arvada. and the inhabitants there
cf are without adequate water supply