The Arvada enterprise., 1922-05-18
LEGAL NOTICES
EXHIBIT A"
ORDINANCE NO, 60

ORDINANCE NO. 60
An Ordinance authorizing the
Board of Trustees Of the Town
CT Arvada, in the County Of
Jefferson, in the State Of Colo
RADIO, to contract an indebted
ness on beha'f Of said town and
upon the credit thereof by issu-
ing and selling the negotiable
coupon bonds Of said town in the
aggregate principle sum of Fiji
teen Thousand Dollars (3l5.-
O0O) fer the purpose Of ade-
quately supplying said town
with water for fire and domes-
tic purposes by tho further con-
xtruction and extension Of the
waterworks system Of raid
town; prescribing the form Of
said bonds; fixing the date. de-
nomination and the place Of
payment thereof; providing for
the levy Of q direct annual nd
valorem tax upon all the tax
able property in ssid town. In
addition TO oil other taxes, suf-
ficient TO pay the interest ac-
cruing on said bonds, and TO
provide sinking fund suffi-
Gent to pay the principal there
Of 1t the time Of their maturity;
declaring due sale Of said bonds
to James II. Causey 4 Com
pany Of Denver, Colorado; and
authorixing and providing for
tire issuance. execution ond de-
livery Of said bonds TO said pur-
chaser, repeating all ordinances.
resolutions o. orders in con-
flict herewith: and declaring an
emergency" n.l
WHEREAS, heretofore. at .
special election duly called and held
In the town Of Arvsda, In Jefferson
County, on the 18th day Of August,
A. d. 1909. = majority OF the duly
qualified electors Of said town who
had In the year next preceding said
election paid . property tax therein.
voting At said election by vote ap-
proved the purchase and extension
Of . watsFworks system In and for
said town; and
WHEREAS, pursuant to the auth
ority conferred At said elcclio the
Board Of Trustees Of said town
caused said waterworks to hs pur-
chased and EXTENDED; and
WHEREAS, the present water
works 20 constructed and extended
are inadequate to supply the do
mestic needs Of said town and do
not aiiora proper fire pro.ec zion.
and IL 10 proposed and deemed necss-
sAry and expedient and to the best
interests Of said town TO extend the
said present watsrworks 70 that SAID
osiicisncies may be remcdiet;
Now, Therefore, by reason Of the
Be If ORDAINED BY THE
BOARD OF TRUSTEES UF lhE
TOWN or ARMADA, JEFFERSON
COUNTY, COLORADO:
Section I. That II appears 70 the
Mayor and Board Of Trustees OF saia
town that II would be and II il
nersDy ueciaie ed W W sxpsaieMt anu
necessary and for the best inerssgs OF
said town 70 contract an indebted.
nees on behalf Of said lown anu up
on the credit thereof by ISSUING anu
selling the negotiable coupon bonds
ct sad town N tns aggregate prin-
eipal sum Of Fifteen Thousand DOL
lars (el6.000) for the purpose Of
Adequately supplying the sad town
with water for fire and domestic
purposes by the further construction
and extension Of the watsrworks
system Of said town.
Section 2. That in order to Dor
row money with which to extend
the present waterworks system Of
sSid town a. aforesaid, there shall be
and there are hereby authorized, or
dsred and directed to be issued and
delivered to the purchaser thereof
the negotiable coupon bonds Of said
town to an amount aggregating the
principal SUM Of Fifteen Thousan nd
DolIars (ei6.o00) which shall be
known ~ and Designated "Watsr-
works Extension Bonds, Series
1925" said bonds shall be fifteen in
number, numbered consecutively
from l to Is, Of the denomination
Of $1,000 each, shall bear date Of
May lst. A. ID. 1922, shall become
absolutely due and payable May /, A.
d. 1887; that said bonds shall bear in
tsrest from their date until paid at
the rate Of six (6) per ccntum per
annum. payable semi-annually on
the LIST days Of May and November,
respectively. in each year, which in
stallments Of interest to date Of
Of principal shall be evil
fenced BY appropriate coupons 70
be attached 10 each bond; and both
the interest accruing on and the
principal Of said bonds shall be pay
able in lawful money Of the United
States Of America. at the Chase Ma.
tional Bank, in the City and State
Of New York, u. 8. A.
Section 3. That each Of said
bonds and each Of the interest cou-
pons 70 be thereto attached shall be
In substantially the following form.
respectfully. towit:
(Form Of BOnds)
UNITED STATES OF AMERICA
STATE OF COLORADO
COUNTY OF JEFFERSON
TOWN OF ARMADA
No.. 1000, 90