The Arvada enterprise., 1923-06-07
ORDINANCE NO. II

AN ORDINANCE TO CONTRACT
AN INDEBTEDNESS on Be
HALF OF TIE TOWN OF AR.
VADA, COLORADO. AND UPON
THE CREDIT THEREOF, BY IS
SUING BONDS OF SAID TOWN
TO THE AMOUNT OF TWENTY
THOUSAND DOLLARS $50
O0O. .OO). FOR THE CONSTRUC-
TION OF SANITARY SEWERS
WITHIN AND FOR SAID
TOWN. PRESCRIBING THE
FORM OF SAID BONDS, AND
PROVIDING FOR THE LEVY
ING OF TAXES TO PAY THE
SAME.
WHEREAS, ! majority of the
qualified taxpaying electors of the
Town of Arvada, voting on the ques-
ton at the regular municipal cleo
ton held April 3, 1928, at the town
hall in the Town of Arvada, APPROX
ed the construction by said town oil
sanitary sewers and the issuance OF
bonds therefor in the sum of twenty
thousand dollars $50, 0,O0O.0O) and
WHEREAS, the Board of Trus-
tees of said town does now deem II
necessary to proceed to construct
said sanitary sewers and TO issue
the necessary bonds to provide funds
therefor:
NOW THEREFORE, BE 1T OR
DAINED BY THE BOARD OF
TRUSTEES OF THE TOWN OF
ARVADA. COLORADO:
Section /. That system Of san
itary sewers be constructed by the
Board of Trustees Of the Town Of
Arvada, of such capacity, extent and
magnitude as to said board may
seem Necessary for the needs of the
inhabitants of said town. said sys-
tenn to be owned, managed and op-
Grated by the town.
Section 2. That suitable ard
necessary ground, rights of way,
or any other property, be ac-
uuired by said town by pur-
ciase. donation, condemnation or
otherwise, for the proper construc..
tion, operation and maintenance OF
said system Of sanitary sewers.
Section 3. That for the purpose
of providing funds for the construc-
ton of system Of sanitary sew
ers, the town shall issue the negoti-
able coupon bonds thereof in the ag-
grevate amount of twenty thousand
dollars f$2O, 100000, consisting of
twenty bonds in the denomination of
one thousand dollars each, payable
in lawful money of the United
States and bearing interest Srom and
after the first day of June, A. d.
1923. at the rate Of five per centum
per annum, payable semi-annually,
on the first day of June and the
first da" of December in each year,
and evidenced bv coupons attached
to said bonds. Said bonds shall be
numbered in REGULAR and consecutive
order. commencin~ with number one.
a"d shal' be absolutely due and pay
able in the order Of their number on
the first day Of June. A. d. 1888.
Snii hords mud courons thereto a'-
tnrhod -hnll he nayable at the bank
ing house OF Kountze Brothers -
the Ci,- c' New York. U. s. A. Said
bonds shall bear date the first dav
of June. A. u. 1923. and shall he
signed by the Mayor. attested h.
the official seal of said town. cour-
tersigned by the Town Treasurer,
and shall be recorded in book t y"
kept by the said Town Clerk for that
purpose: all coupons shall bear the
original or fncsi-'ile signature of tNc
Treasurer of said town.
1. Said bonds and the
courous thereto attached shall be in
substantially the following form:
UNITED STATES OF AMERICA
State of Colorado
County of jefferson,
Town of Avada
Sewer Bond
The Town of Arvada. in the Coun-
ty of jefferson and State of Colo
rado. acknowledges itself indebted
and hereby promises to pay to bear
ONE THOUSAND DOLLARS
in lawful money of the united
States of America, for value rcceiv-
ed, on the first day of June, a. u.
1898. With interest thereon at the
rate of five per centum per annum'
rnyahlc scmi-annually, on the FIRST
day of June and the first day of De-
cembvr IN each year, upon presenta-
tion and Nrrendcr Of the annexed
coupons rs they scverally become
due, hOth principal ana interest pe
ing payable at the banking house of
kountse Brothers. in the City OF
New York. U. 5. A.
This bond is issued by the Board
Of Trustees of the Town of Arvada
for the purpose Of constructing sani.
tary sewers within and for said
town. under the authority OF and in
full conformity wNn ne Constitu
tion of the State of Colorado, N"
provisions of Chapter CNI.Nll of
'ro Revised Statutes Of Colorado,
1905, Chapter 200, Colorado Session
Laws. 1919. and an acts ameuiatory
and supplemental thereto. and IN
rgtsuurru Of an ordinance Of sgij
town duly adopted. published and
made law of said town prior 10 the
issuance of this bond. and 1t Is here
by certified and rccited that the is
suancp of this boud has been author