Monte Vista journal and Monte Vista graphic-reporter., 1923-03-23
ORDINANCE NO. lss

the submission to the. vote Of
the duly qualified taxpaying
electors of the City of Monte
Vista, Colorado, at a special
election to be held in said city
on Tuesday, the First day Of
May, A. D. 1923. The ques-
tion of authorizing the City
Council of said city to issue
negotiable coupon bonds of
the city in the aggregate prin-
cipal amount of Twenty-four
Thousand Six Hundred Dol
lars ($24,6OO.0O) for the pur-
pose of funding the legal
floating indebtedness of such
city.
WHEREAS. the City Council
deems It for the best interests OF said
city to redeem said outstanding war
rants and said legal Indebtedness.
In order to put the City OF Monte
Vista on q cash basis as authorized
and directed by the City Charter of
the City OF Monte Vista. adopted by
the qualified electors OF said city
on the 28th day OF March, 1929;
and
WHEREAS, the City Council has
by resolution duly adopted and ap-
proved on the 18th day Of March. A.
ID. 1928, determined that. subject to
the approving vote OF the duly
qualified tax-paying electors OF the
City Of Monte Vista. said city should
issue Its Funding Bonds In the az
greIate principal amount of Twenty
Four Thousand Six Hundred Dollars
($24.60O.00) for the purpose of
funding the legal floating Indebted
ness of said city; and
WHEREAS, q certificate Of such
finding and determination has here
tofore been made and entered upon
the records of said City Council all
in accordance with an Act OF the
General Assembly OF the State OF
Colorado. entitled. AN Act to En-
able Cities to Fund their Floating
Indebtedness" approved April 10th,
A. d. 1917: and now. therefore,
CITY COUNCIL OF THE CITY OF
MONTE VISTA. IN THE STATE OF
COLORADO:
Section /. That q special cleo
tion is hereby called. to be held In
the City OF Monte Vista. on Tuesday.
the LIST day OF May. A. ID. 1923. at
which election there shall be sub.
mitted to the vote of the duly quail
fled electors of said City who shall
have paid a tax within the year next
preceding such election upon prop
erty assessed to such voter of the
said City. the following question.
to-wit:
Shall the City Council OF the
City OF Monte Vista. Colorado,
be authorized to issue the negO-
table coupon bonds OF the City
in the aggregate principal
amount OF Twenty-Four Thou
sand Six Hundred Dollars
C32+.60O.00) for the purpose
of funding the legal floating In
debtedness of said city: said
bonds to bear interest At the
rate OF five per centum $50
per annum. payable semi-an.
nually. and to become due and
payable serially M follows: to-
wit:
"Ons Thousand Two Hun
dred (3l.200.00) Dollars there
OF In consecutive order on the
First day OF May in each Of the
years A. ID. 1928. TO A. ID. lS&s
both inclusive. and One Thou
sand Eight Hundred tl.S00.-
00) Dollars ON the First day OF
May A. ID. lS&7."
Section 2. The question so sub,
mitted shall be voted on ut said elec.
tion by the voters qualified ~
aforesaid. at the polling place In the
City Hall In said city. The vote
shall he taken by ballot on the form
hereinafter provided and said eiec.
ton shall be In all respects ~ near.
ly M may be held and conducted In
the manner prescribed by Law In
cases OF elections for municipal
officers.
Section ;. The ballots TO be used
In voting upon the question above
submitted shall he prepared and
furnished by the City Clerk TO the
Judges Of Election to be by them
furnished 10 the voters and shall be
II the following printed form. and
shall be deposited In \ ballot box
provided by the City Clerk for such
purpose:
OFt1ClAl. RAl.lAyT
City Of Monte Vista. Colorado.
FUNDING BOND ELECTION
Tuesday. the LIST day Of May. A. d.
1898.
QUESTION SUBMITTED
''6hali the City Council Of the
City OF Monte Vista. Colorado.
be authorized to Issue the nsgo-
table coupon bonds Of the City
IN the sGgreGats principal
amount Of Twsnty.Fosr Thou.
sand Six Hundred Dollars
(e3%.ooo.oO for the purpose
Of fuadine the legal floating In.
dsbtsdnsss OF said City: said
bonds 70 bear interest at the
rate Of five PER centum (s$D
pr asnsm. payable ssmi-an.
nualiy. and to become due and
payable ssriaiiy - follows. To-
III: