The Arvada enterprise., 1923-06-07

CITY of New York U. S. A., being
six months interest on Arvada Sew
err Bond, dated June /, 1928.
Fac-Simile signature)
Treasurer.
Section 5. That said bonds,
when executed, shall be delivered
to the purchaser thereof, the funds
raised thereby shall be applied solely
and exclusively for the purpose
aforesaid, the construction of SAN
itary sewers within and for said
town, and for no other purpose
whatsoever, but the purchaser of
said bonds shall in no manner be
responsible for the application or
disposal by said town. or any of lis
officers, Of any of the said funds.
Section 6. That the interest fall
ing Cue on said bonds on December
l, 1873, shall be paid Que % the
General revenue fund of the town,
and for the purpose of reimbursing
said general revenue fund for said
installment of interest and to meet
the interest accruing on said bonds
after December |, 1928, and for the
purpose Of raising sinking fund
for the ultimate redemption of said
bonds, there shall be levied on all of
the taxable property in said towr, IN
addition to all other taxes direCl an
uual taya. as follows:
Ir the year 1928 tax sufficient
to produce the sum of fifteen hun
dred dollars (Sl,5O0) for interest.
In each of the years 1924 to 1927
inclusive, a tax sufficient to pro-
duce the sum of one thousand dol
lars Is! Doc, ior IN est.
In eacn ot The years 1873 to l936,
J.. elusive. a tax suffi.iert to pro luc,
the sun of ,r"ee the l".ni dollars
(s3,OOO,. i ing one '.rusand dol
lars ,Sl.tJOl tor int,rcst ana two
thousand dollars $4,000 for prin-
cipal.
In the year 1887. tax sufficient
to produce the sum of twenty-five
hundred dollars ($2,500), being five
hundred dollars ($5O0) for interest
and two thousand dollars (S2,0OO)
TOR principal.
Said taxes, when collected, shall
be applied solely to the purpose OF
the payment of the said interest and
the principal Of said bonds, respec-
lively, and for no other purpose
whatever, until the Indebtedness So
conu ed. unaer this ordinance.
borh "r:rci-al and interest. shall
have been fully paid, satisfied and
discharged, but nothing herein con-
tained shall be so construed as to
prevent said town Ifrom applying
any other funds that may be in the
town treasury and available for that
purpose 70 me payment OF said IN
to'a 1i.ripal. las The same re-
spectively mature and upon any such
the levy or levies herein pro
weed Tor may tnercupon to that eX-
tent be diminished, and upon the
payment of the principal of any of
the bonds issued hereunder in said
manner, or by the use of the Striking
fund herein provided for, the leTv
or levies herein provided for the
payment Of interest may be dimin-
ished to the extent of the interest
on the bonds so paid.
And the sums hereinabove provid.
ed for to meet the interest on said
bonds and to discharge the principal
thereof when due, are hereby appro-
priated for that purpose. and said
amount for each year shall also be
included in the annual approximation
bills passed by the Board of Trus-
tees of said town in each year, re-
spcctively.
Section Z. II shall be the duty
OF the Board of Trustees of said
town. annually, at the time and in
the manner provided by law for levy
ing other town taxes, II such acton
shall be necessary to effectuate the
provisions of this ordinance, to rati-
fy and carry out the provisions
hereof with reference to the levying
and collection Of taxes: and shall re
quire the officers Of and for said
town TO levy, extend and collect such
taxes in the manner proved by law
Tor the purpose of creating 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 to the
payment of the interest and prin-
cipal of said bonds rs hercinbefore
specified.
Section 5. All ordinances. by
laws and regulations of the Town OF
Arvada, in conflict with this ordl-
nance, are hereby repealed.
Section .. After said bonds are
issued this ordinance shall be and
remain irrepealable until said bonds
and the interest thereon shall have
been fully paid. satisfied and dis
charged. as herein provided.
Section 10. BY reason of the fact
that said town is not properly or ad-
ouuately supplied with sanitary sew
ers. it is declared that an emergency
exists. and that this ordinance Is
necessary to the immediate preser.
vation cf the public peace. health
and safety, and shall be In full
force and effec. five days after pub
licatior.
Adopted and approved this 4th
day Of June, 4. d. 1928.
pIINN n CLARK