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ORDINANCE NO. _~~~' <br />SERIES 1953 <br />AN ORDINANCE TO CREATE AN INDEBTEDNESS ON BEHALF <br />OF THE TOWN OF LOUISVILLE AND UPON THE CREDIT <br />THEREOF BY I~>SUING THE NEGOTIABLE CCXJPON WATER- <br />WORKS IMPROVEMENT BONDS, SERIES OF NOVEMBER 1, <br />1953, OF THE TOWN OF LOUISVILLE, IN THE AGGREGATE <br />PRINCIPAL ~uVI0U111T OF $75,000.00; PRESCRIBING THE <br />FORM OF SAID BONDS; PROVIDING FOR THE LEVY OF A <br />TAX TO PAY THE PRINCIPAL AND INTEREST THEREOF; <br />PRESCRIBINGa L-ETAILS IN CONNECTION THEREWITH; <br />AND DECLARINC'~ AN EMERGENCY. <br />~'VHEREAS, the Town of Louisville is a municipal corpora- <br />~tion duly organized and. existing as a town under the laws of the <br />State of Colorado; acid <br />tr1fHEREAS, the Board of Trustees of the Town of Louisville <br />'Ihas determined and does hereby determine that the bonds of said <br />town in the amount of $75,000.00 should be issued for the purpose <br />of improving and extending the municipal waterworks system. <br />NO6N, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES <br />OF THE TOWN OF LOUISVILLE: <br />Section 1. That all action heretofore taken by the <br />B©ard of Trus-tees of~the:Town of Louisville (not inconsistent with <br />the provisions of~thi.s ordinance) directed toward the improvement <br />and extension of the municipal waterworks system of the Town of <br />Louisville and the issuance of its general obligation Waterworks <br />Improvement Bonds, Se+ries November 1, 1953, for that purpose, be, <br />and the same is hereby, ratified, approved and confirmed, including <br />without limiting the generality of the foregoing, the acceptance of <br />the proposal for the purchase of said bonds submitted by Boswo th, <br />~_ <br />Sullivan & Company, and associates. <br />Section 2. That for the purpose of providing funds for <br />~'', <br />~J ---- <br />paying the cost of improvements and extensions to the waterworks <br />system of the Town of Louisville and for the necessary expenses <br />connected therewith, the Town of Touisville, on behalf of said Town <br />aridupon the credit thereof, shall issue the negotiable coupon bond <br />of said Town in the aggregate principal amount of $75,000.00, con- <br />sisting of 75 bonds in the denomination of $1,000.00 each, numbered <br />-2- <br />