The Glenwood post., 1922-11-09
for any rea on whatever.

Section 4. That for the purpose of
paying the interest accruing on said
bonds promptly when and as the same
falls due, and to constitute and main
tam hiking fund sufficient to dis
charge the principal thereof at ma
turity, there shall be and there is
hereby levied upon all the taxable
property in sad City, the following
direct annual ad yalorem taxes, to-wit:
In each OF the years 1922 to
1926, inclusive, tax sufficient to
produce the sum of $3,j62.50 for
interest;
In each Of the years 1927 TO
1886, inclusive, tax sufficient to
produce the sum of $ll, ,062.50, be-
ing $3,562.J9 for interest, and
$l,500.0O for principal.
And SAID taxes, when collected, hall
by the Treasurer OF said City be kept
IN separate fund to be known and
designated - Waterworks Extension
Bonds, Series of 1929, dated October
list, A. ID. 1922, Interest and Sinking
FUND, ~ and snail be applied solely to
the payment of the interest and prin-
cipal OF said bonds hereby author zed,
"he IL uNe, SO IOHS dS any VI Sdlu DOLuS
or interest coupons thereto appertain-
ing remain outstanding and unpaid, but
nothing herein contained shall be SO
construed as to prevent the said City
from applying any other funds that
may be IN the City treasury and avail
able for the payment of said interest
or principal, as the same respectively
mature, and the levy or levies herein
provided for may thereupon to that
extent be diminished.
And the sums hereinbefore provided
for to meet the interest on said bonds
and to scharge the principal thereof
when due, are hereby appropriated for
that purpose, and said amount for each
year shall also be included in the an
nual appropriation bills passed by the
City Council of said CITY in each year
respectively.
Section ;. 1t shall be the duty of
the CITY Council of said C ty. annually,
at the time and in the manner provided
by law for levying other City taxes, if
such action shall be necessary to eff
fectuate the provisions of this ordi-
nance, to ratify and carry out the pro-
Wis Ons hereof with reference to the
leYying and collection of taxes; and
shall require the officers of and for
sad C " to levy, extend and col
lcet such taxes in the manner provided
by law. for the purpose Of creating a
fund for the payment of the principal
OF said bonds MS hereiubcfore spec fled.
Section c. All ord nances, bylaws
and regulations of the City of Glen
wood Springs in conflict with this or
dnarce are hereby repealed.
Section z. After said bonds are
issued this ordinance shall be and re-
man irrepealable until sa bonds and
the interest thereon shall have been
fully pa d. satisfied and discharged, as
herein provided.
Sect on s. That, whereas, the City
Of Glenwood Springs is without a
water works system adequate to supply
the Inhabitants thereof with water for
f re and domestic purposes, an emerg
ency is hereby declared to exist and
this ordinance IS necessary for the i'm
med ate preservation of the public
peace, health and safety.
Section 8. This ordinance. after it,
introduction and reading, shall be pub
lished IL full in The Glenwood Post, 9
newspaper of general circulation pub
lished in the City of Glenwood Springs
in its issue of November 9, 1922, anG
after its final passage, shall be record
ed in book kept for that purpose, be
authenticated by the signatures of the
Mayor and City Clerk, shall be pub
lished in The Glenwood Post, news
paper publi7hed within the limits of
the City of Glenwood Springs, and
shall take effect and be in force upon
the expiration of five (5) days after
It has been so published.
introduced, read and ordered pub
lished, this 9th day of November, A,
ID. 1922
PASSED, ADOPTED, SIGNED AND
APPROVED, this - day Of
-, A. d. 1922.