Ordinance 1910-73 - Laserfiche WebLink

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39. .11 J/ _`-__ - Section 3. The said bonds and coupons '" '"'� _ ______ �/ shall be in substantially the follpwing STATE OF COLORADO, No. 73. form:— Will pay the bearer Seventeen Dollars -- No. $500 and Fifty Cents at the office of the AN ORDINANCE AUTHORIZING THE TOWN OF LOUISVILLE. Town Treasurer of said Town of Louis- THE CREATION OF AN INDEBTED- { County STATE ,ville, being six months interest on NESS FOR THE PURPOSE OF CON- 1 of WATER BOND of Louisville Water Bond, Series of 1910, STRUCTING ADDITIONS TO AND , Boulder. COLORADO. .No. ENLARGING -THE PRESENT WA- The Town of Louisville. in the County This coupon is payable in Gold Coin TER SYSTEM OF THE TOWN OF of Boulder and State of Colorado, for of the Uniter States of America or its LOUISVILLE, COLORADO.., value received acknowledges itself in- equivalent at the holder's option. WHEREAS, in conformity with an debted, and hereby promises to pay to ordinance duly passed by, the Town the bearer Five Huriil'red Dollars in Gold TOWN TREASURER. Council of the Town of Louisville oi. coin lawful money of the Cnited States Section 4.• That sal$ bonds shall be — the 9th day of March, 1910, entitled, "An of America of the present standard of delivered by the Town Treasurer to the Ordinance to submit to the tax payers weight and fineness or the equivalent purchaser thereof and the proceeds of the Town of Louisville, eolorado, at I thereof on the First day of July, 1925 thereof shal be used"solely for the pur-1 ' the regular April 1910 election, the ques- with the interest thereon in like gold pose or improving and increasing the Lion as to their approval of the prop- coin or the eqivalent thereof at the rate capacity of the water works system, osition to issue bonds of the said town of Seven Per cent per annum payable and n payment for work, material, and, to the extent of ten thousand dollars semi-annually on the First day of Janu- machinery, and all indebtedness in- ($10,000) for the purpose of constructing ary and the First day of July, both curred in the improving and enlarging additions to and enlarging the present , principal and interest payable at the of said water works-system. water system of said town," there was office of the Town Treasurer in the said Section 5. That there be, and hereby submitted to such of the qualified elec- Town of Louisville, Colorado, upon the is, levied upon each and every dollar of tors 'of said Town of Louisville as had presentation and surrender of this bond valuation of the taxable property with- in the year 1909 paid a property tax in or the annexed coupons respectively as in said town, annually in addition to all said town, the question of incurring an they severally become due. other taxes, a tax sufficient tq pay the • indebtedness on behalf of said town and This bond is one of a series of bonds semi-annual interest on all of the said V. issuing its bonds, for the purpose of of like tenor and date which the said bonds outstanding, and also a tax suf- constructing additions to and enlarging Town of Louisv,Lile has isued for the ficient to produce $3,333 0-3 in each of the, ' the present water system of said town; purpose of constructing additions to and years 1922, 1923 and 1924, for the purpose • which question ,was so submitted to enlarging the present water system of of extinguishing the principal of said such electors at the regular biennial said town-inpursuance of an ordinance bonds within fifteen years from the date election of officers .of said town held of the said town of Louisville duly and of said bonds, and the taxing and col-,1 I on Tuesday, the 5th day of April, A. D. in due time, form and manner adopted, lecting officers of said town are hereby 1910. and published and made a law of said town authorized and required to levy , and f WHEREAS, a majority of those vot-I and under, by virtue of and in full and cause to be extended and collected such ing on said ,question at said election strict compliance with the provisions of 'taxes annually as become necessary for voted n favor of the creation of such an act of the General Assembly of the to .yy�pose afore�'aid, and due under indebtedness. 1 State of Colorado entitled "An Act in th'ts'Mdinanf5, and that said taxes when, BE IT ORDAINED BY THE BOARD Relation to Municipal Corporations." collected shall be applied only to the OF TRUSTEES OF THE TOWN OF approved •April .4 A. D. 1877, and all payment of said interest and the prin- LOUISVILLE; amendatory and supplemental acts there cipal of said bonds respectively, and for Section 1. That the system of water of and thereto, and by virtue of the no other purpose whatever until the,said works for fire and domestic purposes authortiy of the vote of the qualified indebtedness so contracted under(this now owned and managed and operated electors of said town present and vot- ordinance, both principal and interest, by the Town of Louisville,"be improved ing on the question at an election regu- shall be fuly paid, satisfied and dis- ' an extended and the capacity thereof larly called and duly held in said town charged, provided, however, and it is , increased in accordance with the report on the 5th day of April, A. D. 1910, at hereb y so ordered and directed that the of the water commissioner of said town which election a majority of the legal_ earnings from the water works system and the necessities of said town; and balots cast upon the question were in . 1 of said town over and above the cost being authorized thereto by the vote of favor of the issuance of this bond. And of operating, maintaining and improv- the duly quailfied tax payers of said it is hereby certified and recited that ing the same shall he placed n the bond- town at the election held on the 5th day all acts, conditions and things required ing fund hereby and by other ordinancesI of April 1910. to be done precedent to and i n the issu- of the town' created, to be applied to Section 2. That .for the purpose of ing Of this bond to render the same law- the payment of the interest and the providing funds for the improvment of ful and valid have been properly done, I principal of the bonds hereby autho- said water works system as aforesaid, happened and performed in regular and rized; and provided, also, that in case the town shall issue its negotiable cou- due time, forret and maner as required of the payment of any one year into said - pon bonds in the aggregate amount of by law, and that the total indebtedness bond fund of any of the net revenues ' ' ten thousand dollars ($10,000) to be de- of the said town, including this bond, of the water works system of said town - signated "Water Works Bonds, Series exceeds neither the statutory nor the applicable to the payment of the bonds of 1910," consisting•.of twenty bonds in constitutional limitation of the State of herein provided for the interest andl the denomination, of five hundred doll- , Colorado. • principal as aforesaid, then and in that ars ($500 00 each, payable in gold coin The bonds comprised in this series event the tax levy hereinbefore provided of the United States, of the present shall be redeemed by the said town in for may for the next succedding year standard of weight and fineness, or the consecutive order beginning with bond be reduced so as to raise only such an. equivanlent thereof, bearing interest No. 1. amount as may be necessary to meet from and after the first day of July, In testimony whereof the said Town' the interest ion such bonds when and as 1910, at the rate of seven per cent per of Louisville has caused this bond to the same accrues, together with the sum nanum, payable semi-annually on the he signed;bv its Mayor, attested by its herein- provided for necessary to ex- first day of January and July in each t Clerk and Recorder, under the corpor-' 1 tinguish the principal of said bonds at year. Said bonds shall be numbered ate seal of the said town, and counter maturity. in regular and consecutive order corn- signed by the Treasurer of said Town And the sums hereinbefore provided mencing with No. 1, and shall be paya-{ of Louisv111, this first day of July, A. for to meet the interest on said bonds , ble in the order of their number on the D. 1910. and to discharge the principal thereo first day of July, A. D. 1925; said bonds when due,arehereby appropiatedfor tha the the coupons attached thereto shalt MAYOR. purpose, and the said amount for eac•, be payable at the office of the Town Attest: year shall also be included in the an Treasurer of said Town of Louisville; •• •• _ appropiation bills by the Towp Co said bonds shall bear date of the first, Clerk and Recorder. of said town in each of said y'et" day of July, A.D 1910;Nnd shall be signed •••• respectively. •._ by the Mayor and attested by the Town Town Treasurer. Secton 6. It shall be the duty of th_ '^-- Clerk, under the official seal of said (SEAL) Town Coucil of said town, annually, a town, counter signed by the Town Treas- FORM QF COUPON. , the time and in the manner provide. urer, and shall be recorded in a book $17.50 $17.50 by law for levying other town taxes. - to be kept by the Town Clerk for that On the day of ' A. D. • if such action shall be necessary to of • purpose; there shall be attached to'each THAT TOWN OF LOUISVILLE, fectuate the provisions of this ordinance,. bond, thirty cupons, numbered consecu- IN THE COUNTY OF BOULDER AND to ratify and carry out the provisions , tively from one to thirty, both numbers i i hereof with the reference to the levy- inclusive, each coupon representing a ing and collection of taxes, and shall semi-annual installment of interest on require the officers of and for said town'. said bond to which it is attached and to levy, extend and collect such taxes securing the payment, of interest as it in the manner provided by law for the ' 4 accrues, which said coupon shall bear purpose of creating a fund for the pay the original or fac-simile signature of- ment of the interest and the principa • tbbe treasurer • f said town, and the of said bonds, and said tax when col number of tic boltd,• to which it is lected shall be kept for and applied only attaollec aid •Wotioue ..when .so to the payment of the interest and prin- made, executed and`.d ilvered^as a' part cipal of said bonds as hereinbefore of said bond, shall be lawful obligations specified. of said town securing the payment of Section 7. This ordinance shall be and^ said interest in the hands of all parties remain irrepealable until said bonds and to whom they may_go e._.._-_ _� the interest thereon shall have been - fully paid, satisfied and discharged as herein provided. Section 8. This ordinance immediately- upon is passage, shall be recorded in the E book or ordinances of said town, kept for that purpose, authenticated by the' signature of the Mayor and Clerk, and shall be published in the Louisville News and Black Diamond World, andl shall be in full force and effect five days after such publication. Introduced, read and ordered published this 6th day of July, A. D. 1910. Wm. AUSTIN, Mayor. Attest: FRANK GUTFELDER, (SEAL) Town Clerk.