The Delta independent., 1922-03-24
fSenll
ATTEST
City Clerk.
fCOUPON)

On the. fif,ccnth day q september. 4. D.
70. the CITY OF DELTA. in the -, Goun-
=, The the osnner sisee Of tho c,y CLERK IN Delta
pPosh.as IN the &c city oi Sss a'S Tort D. A.
a. the option Of tho holder. being sig
non!hs intorcst due that day on Its iss Water
Works Extension Bond. Series Of 1922. dated
March 15. 1922. No.
Fac-Simile SignaturcD
Section ,. That when said bonds have
amount. S a.s or so much ther.of as may " be nee
csssry to raisc funds for the extension and
Improvement Of said water works system.
Company. of Denver. Colorado. the pur-
chaser thereof. and the said bonds and the
funds raised thereby shall be applied solely
extension and improvement Of water works
for fir and domestic purposes. within and
bonds shall Se in M NO ma manner responsible for
the application disposal by said City. or
any OF It's Officers. OF any Of the funds de-
rived from the sale thereof
Section 4. The interest falling due on
said bonds on ays ssc fifteenth , Day q sspsc%
general revenue fund Of the city. and for tho
purpose Of rcimbursine said general fund for
'hc intcrrst sccruine on said bonds prompt
ly and the same shall become due. and
for the purpose Of creating a sinking fund
there shall he levied all the taxable prop
crty In said City. In addition TO NIL other
dsse ire annual aaaso sa.a as
Client to produce the sum Of $4,000 for
A. d. 1926. inciusive. a tax sufficient
TO produce the sum Of $4,000 for inter-
In each Of the years A. d. 1927 to
TO producr the sum Of $1,000 being
$4,000 for interest and $4,000 for prin-
In the year A. D. 1895. a tax suffi-
,cient to produce the sum Of $4,000 for
And said taxer. when collected. shall be
applied solely for the puTpSsse s ,In, Of the p@y
purpose whatever. until the Indebtedness
SO contracted under this ordinance. both
maid. satisfied and discharged: but nothing
herein contained shall be 70 construed nr
to prevent said City from applying any other
funds that may be In the City Treasury and
available for that purpose, to the payment
of the principal and interest. as the same
herein ''rr provided for may nay thereupon to that
extent be diminished. and upon the payment
OF the principal OF my Of tho bonds issuct!
hereunder. in said manner, or by the use OF
the sinking fund herein provided for. the
levy or lcvies herein provided for the pay
mcnt OF interest may. to such extent OF In
terest tho bonds paid, be diminished.
And the sums hcrcinbeforc provided for, to
meet the Interest on said bonds and to dis
charge the principal thereof when due are
hereby appropriated for that purpose, and
said amount for each year shall also be In
cludcd in the annual appropriation bills
passed by tho City Council Of said City In
each year respectively.
Section .. II shall hc the duty Of the
City Council Of said city, annually, at tho
time and In the manner provided BY law for
tevying other city taxes, n such action shall
be ncccssary to cffectuatc the provialons OF
this ordinance, to rntify and carry out tho
provisions hereof with refercnce To the levy
ing and collection OF taxes: and shall require
tho officers Of and for said city TO levy. ex-
tend and collect such taxce In tho manner
provided by law for tho purpose Of creating
q FUND for the payment Of the principal OF
said bonds and interest thereon. and such
taxes. when collected. shall be kept for and
applied only 70 the payment Of the Interest
and principal Of said bonds ~ hercinbefors
specified.
section O. All ordinances. bylaws and
| regulations Of tho City Of Delta IN conflict
with this ordinance arr herrby repealed.
Section Z. This ordinance shall be and
rcmain irrepealable until said bonds and
\ the interest thereon shall have been fully
peid. satisficd and discharged. a. herein pro-
section .. rhis ordinances after ,ts adcp-