The Glenwood post., 1924-02-07

sions and. Improvements to said water
works system, and the City Council
deems it advisable and necessary to
issue additional coupon bonds of the
said City to supply the said City and
its inhabitants with water, as herein.
after set forth; now, therefore,
BE IT ORDAINED BY THE CITY
COUNCIL OF THE CITY OF GLEN.
WOOD SPRINGS, COLORADO:
Section /. That for the purpose of
providing funds for the further con-
struction, and extension of its system
of water works, the City of Glenwood
Springs shall issue its negotiable coupon
bonds in the aggregate amount of Fif-
teen Thousand Dollars 5,O00.OO),
consisting of ten (10) bonds in the
denomination of One Thousand Dollars
$1,000.o0) each, and ten (10) bonds in
the denomination of Five Hundred
Dollars (500.00) each, payable in law
full money of the United States of
America and bearing interest from and
after the first day of January, A. D.
1924, at the rate of four and three
quarters per centum (4s4 1o) per annum,
payable semi-annually on the 1st day
of January and the 1st day of July, in
each year, as evidenced by coupons at
tached to said bonds The One Thous-
and Dollar ($1,00o.00) bonds shall be
numbered in regular and consecutive
order, commencing with number sew
enty-six (76) and the Five Hundred
Dollar ($500.00) bonds shall be number
ed in such order beginning with number
eighty-six 1867 and all said bonds shall
be absolutely due and payable on the
1st day of January, A. D. 1889; said
bonds and the coupons attached there
to shall be payable at the banking
house of Kountze Brothers, in the CITY
of New York, U. s. A., said bonds
shall bear date the LIST day of January,
A. d. 1924, and shall be signed by the
Mayor, attested by the City Clerk
under the official seal of said City,
countersigned by the City Treasurer,
and shall be recorded in book to be
kept by the said City Clerk for that
purpose; and the coupons attached to
said bonds shall bear the original or
facsimile signature of the Treasurer
of said City.
Section 2. Said bonds and the cou-
pons thereto attached shall be in sub
stantially the following form:
form of Bond.)
UNITED STATES OF AMERICA,
STATE OF COLORADO,
Garfield County
City Of Glenwood Springs
WATERWORKS EXTENSION BOND
SERIES OF 1924
No..... $...........
The City of Glenwood Springs, in the
County of Garfield and State Of Colo
rado, acknowledges itself indebted and
for value received hereby promises to
pay to bearer
.............D DOLLARS
in lawful money of the United States
of America, on the 1st day of January,
A. D. 1889, with interest thereon at the
rate of four and three-quarters per
centum (4A%) per annum, payable
semi-annually on the LIST day of Jan
uary and the LIST day of July in each
year, upon presentation and surrender
of the annexed coupons as they sever
ally become due, both principal hereof
and interest hereon being payable at
the banking house of Kountze Brothers,
in the City of New York, U. s. A.
This bond is issued by the City of
piNhNOOu iHBs lOI lHc DulpOSc VI
raising funds for the construction, i'm
provement and extension of Water
| Works in said City for fire and domes-
| tic purposes, under the authority of and
in full conformity with the Constitu-
tion of the State of Colorado, the pro-
visions of Chapter CLXXIII of the
Compiled Laws of Colorado, 1921, and
all acts amendatory thereof and sup
Elemental thereto, and in pursuance of
an ordinance of said City duly adopted,
| published and made law of said City
prior to the issuance of this bond.
1t is hereby certified and recited
that all the requirements of law have
been fully complied with by the proper
officers in the issue of this bond, and
that the total Indebtedness of the City
including that of this bond, does not
exceed any limit of Indebtedness pre-
scribed by the Constitution or laws of
the State of Colorado, and that pro-
vision has been made for the levy and
collection Of an annual tax sufficient
to pay the interest on this bond and
also discharge the principal thereof
when the same become due.
The faith and credit of the City of
Glenwood Springs are hereby pledged
for the punctual payment of the prin-
cipal of and interest on this bond.
IN TESTIMONY WHEREOF, the
City Council of the City of Glenwood
Springs has caused this bond to be
signed by the Mayor of said City, at
tested by the Clerk thereof, under the
seal of the City, and countersigned by
its Treasurer; and the interest coupons
hereto attached to be signed with the
engraved fac-simile signature of said
Treasurer the first day of January, A.
d. 1924.
Attest: Mayor.
City Clerk.