Monte Vista journal and Monte Vista graphic-reporter., 1923-04-06
ORDINANCE NO. iss

Tue oVly Quell1leO t6Xp9ylng
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. 1928. The ques-
ton 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 ($24.600.00) for the pur-
pose of funding the legal
floating indebtedness of such
city.
WHEREAS. the City Council
deems II 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 2Sth day OF March, 1929;
and
WHEREAS. the City Council has
BY resolution duly adopted and ap-
proved on the 18th day of March. A.
d. 1928. determined that. subject to
tho approving vote OF the duly
qualified tax-paying electors Of the
City Of Monte Vista. said city should
issue its Funding Bonds in the ag-
gregate principal amount Of Twenty
Four Thousand Six Hundred Dollars
(324.6O0.00) for the purpose Of
funding the legal floating indebted
ness of said city: and
WHEREAS, . certificate OF such
finding and determination has here
toiore been made and entered upon
the records of said City Councu all
in accordance with an Act OF the
General Assembly of the State Of
Colorado, entitled. IAN 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 l. That = special cleo
tion Is hereby called. to be held In
the City of Monte Vista. on Tuesday.
the LIST day Of May, A. d. 1928, 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-vit:
''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
U2A.600.O0D 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 (5T)
per annum. payable semi-an-
nually. and to become due and
payable serially ~ follows; to-
Wit:
Zone Thousand Two Hun
dred (sl.2oo.Oo) Dollars there
Of In consecutive order on the
First day OF May In each OF the
years A. d. 1928. to A. ID. lS+S
sand Eight Hundred Ul.S00.-
oo Dollars on the First day OF
May A. d. lS%7."
Section 2. The question so sub
imitted shall be voted on nj said cleo
tion by the voters qualified ~
Aforesaid. at the polling place In the
City Hall In said city. The vote
shall bs taken by ballot on the form
AAA oil
ton shall be In all respects as near
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 be prepared and
furnished BY the City Clerk TO the
Judges OF Election to be by them
furnished to the voters and shall be
IN the following printed form. aud
shall he deposited In = ballot box
provided by the City Clerk for such
purpose:
OFFICIAL BAILDr
City OF Monte Vista. Colorado.
FUNDING BOND ELECTION
Tuesday. the LIST day Of May. A. d.
1923.
QUEsTlON SUBMITTED
''Shall the City Council OF the
City OF Monte Vista. Colorado.
be authorised 20 Issue the nego-
liable coupon bonds Of the City
II the aggregate pTieeipal
amount Of Twsnty-Four Thou.
sand Six Hundred Dollars
(e3%.eo0.eO for the purpose
Of fuadisg the legal floating In.
Asbtednsss of said City; said
] bonls 70 beas Interest st the
rate Of five pr centum ts%)
~ saas@. payabls ssmi-an.
'bually. and 70 becoms due and
> payable ssTtatly % follows. to-
VT:
"Ona Theueand Two Hun.
drsd. (el 10000 Dollars there
Of. In consecutive order on the