Ordinance 1910-74 - Laserfiche WebLink

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332 __-2-- r Section 4. That said bonds shall be No. 74 delivered by the Town Treasurer to the — purchaser thereof and the proceeds thereof shall be used solely for the pur- AE ORDINANCE ANINDEBTED-AUTHORIZING pose or improving and increasing the NESSTHE CREATION ' Sectioncouponi capacity of the water works system, AND THEE ISSUANCEE TE OFF 3. The said bonds and S BONDS FOR THE PURPOSE OF CON- shall be in substantially the following and in payment for work, material, and STRUCTING ADDITIONS TO AND for :— machinery, and all indebtedness in- ENLARGING THE PRESENT WA- Nm o• $100 tared inthe improving and enlarging TER SYSTEM OF THE TOWN OF THE TOWN OF LOUISVILLE. of said water works system. LOUISVILLE, COLORADO. County STATE rSection 5. That there be, and hereby WHEREAS, in conformity with an of WATER BOND of is, levied upon each and every dollar of ordinance duly passed by the Town( Boulder, COLORADO. valuation of the taxable property with- CouncilThe Town of Louisville, in the County in said town, annually. in addition to all theh dayo the Town of Lou, entitled en of Boulder and State of Colorado, for other taxes, a tax sufficient to pay the' • Ordinance to u A.i to.the191 an pay- semi-annual interest on all of the said "An to submit tax pay- value received acknowledges itself in- ere of the Town of Louisville Colorado, at debted, and hereby promises to pay to bonds outstanding,•and also a tax suf-', the bearer One Hundred Dollars in Gold ficient to produce $3,333 4-3 in each of the the regular April 1910 election, the prop- coin lawful money of the United States tier as to their approval of the prop- years 1922, and 1924, for the purpose osition to issue bonds of the said town of America and of Chess presentes th standard equivalent of of extinguishing the principal of said to the extent of ten thousand dollarsbonds within fifteen years from the date ($10,000) for the purpose of constructing thereof on the First day of July, 1925 1 of said bonds, and the taxing and col- additions to and enlarging the present with the interest thereon in like gold letting officers of said town ,are hereby water system of said town," there wab coin or the eqivalent thereof at the rate authorized and required to levy and submitted to such of the qualified elec- of Seven Per cent per annum payable cause to be extended and collected such tors of said Town of Louisville as had semi-annually on the First day of Janu- taxes annually as become necessary for in the year 1909 paid a property tax in ary and the First day of July, both the purpose aforesaid, and due under said town, the question of incurring an Principal and interest payable at the this ordinance, and the said taxes when i indebtedness on behalf of said town and office of the Town Treasurer in the said collected shall be applied only to the k issuing its bonds, for the purpose of I Town of Louisville, Colorado, upon the payment of said interest and the prin- constructing additions to and enlarging presentation and surrender of this bond cipal of said bonds respectively, and for the present water system of said town; or the annexed coupons respectively as no other purpose whatever until the said which question was so submitted to they severally become due. indebtedness so contracted unoer this , such electors at the r egular annual This bond is one of a series of bonds ordinance, both principal and interest, election of officers of said town held' of like tenor and date which the said shall be Lilly paid,_satisfied and dis- on Tuesday, the 5th day of April, A. D. Town of Louisville has isued for the f charged,' ovided, ho•VWer, and it is 1910: and purpose of constructing additions to and hbreb y so ordered and directed that the - a WHEREAS, a majority of those vet- enlarging the present water system of earnings from the water works System ing on said question at said election said town in pursuance of an ordinance of Said town Over and above the cost voted in favor of the creation of such of the said town of Louisville duly and of operating, maintaining and improv- indebtedness, in due time, form and manner adopted, ing the same shall be placed in the bond- BE IT ORDAINED BY THE BOARD published and made a law of said town ing fund hereby and by other ordinances OF TRUSTEES OF THE TOWN OF and under, by virtue of and in full and i of the town created, to be applied to LOUISVILLE; I strict compliance with the provisions of,' the payment of the interest and the Section 1. That the system of water I an act of the General Assembly of the principal of the bonds hereby autho- works for fire and domestic purposes State of Colorado entitled "An Act in rized; and provided, also, that in case now owned and managed and operated Relation to Municipal Corporations." of the payment In any one year into said by the Town of Louisville, be improved'I approved April 4, A. D. 1877, and all bond fund of any of ,the net revenues and extended and the capacity thereof' amendatory and supplemental acts there of the water works system of said town increased in accordance with the report of and thereto and by virtue of the appacable to the payment of the bonds of the water commissioner of said town authortiy of th vote of the qualified herein provided for the interest and'and the necessities of said town; and t being authorized thereto by the vote of electors of said o an and vet- I evin t as aforesaid, then and roin id d the duly qualified tax payers of said ing on the question at an election regu- event the tax levyh hereinbefore provided town at the election held on the 5th day larly called and duly held in said town for may for the next succeeding year of April 1910. on the 5th day of April, A. D. 1910, at be reduced so as to raise only such an Section 2. That for the purpose of which election a majority of the legal amount as may be necessary to meet providing funds for the improvmentepurpose o ballots cast upon the question were in the interest bn such bonds when and as said water works system as aforesaid, favor of the issuance of this bond. And the same accrues, together with the sum the town shall issue its negotiable cou- it is hereby certified and recited'that ' herein provided for necessary to ex- • the bonds in amount of all acts, conditions and 'things re uired i tinguish the principal of said bonds at 1 ten bon sa in the aggregatee) to n de-o to be done precedent to and i n the issu- maturity. enthousand h and dollars Works Bonds, be e- ing of this bond to render the same law- And the sums hereinbefore provi: ' signated consisting of one hundred bonds ful and valid have been properly done, for to meet the interest on said bonds of 9d1," consI ti of One Hundred happened and performed in regular and and to discharge the principal thereof inors no0.00) each payable in gold doll-coin due time, form and manner as required when due,are hereby appropiated for that of the United States, le the by law, and that the total indebtedness] purpose, and the said amount for each standardf of weight and offineness,presentor the of the said town; including this bond,, year shall also be included in the annual 1 equivalent thereof, n interest exceeds neither the statutory nor the' appropiation bills by the Town Council fromand after the first bearingday of July, constitutional limitation of the State of of said a dv town in each of said years 1910, at the rate of seven per cent per Colorado. $ 6. annum, payable semi-annually on the The bonds comprised in this pries Sector It shall be the, annually,u of that e first day of January and July In each shallsbeut redeemed by the said town in Town Coucil of said town, provided ed year. Said bonds shall be numbered consecutive order beginning with bond the time and in the manner provided in regular and consecutive order corn-: No.I1. b law for levying other townartaxes, with No. 1, and shall be paya-; In testimonyuiillwhereof the said Town ifsuch action shall necessary to ce- ble in the order of their number on the ofe signedgn by has caused this d bondby to ,fectuatei the provisionsof this ordinance first day of July, A. D. 1925; said bonds Cl by its Mayor, attested its ,hereoft ratify and carry out the provision: levy. and the coupons attached thereto shall Clerk and Recorder, under the corpor-e , with the reference taxes,toand levy be payable at the office of the Town ate seal of the Treasureraid town, ands counter ,require q aed ec officer of sad seal Treasurer of said To n t Louisville; signed sbyv the firstyo said Town tevthe officers of and for said tows R' '� bf Louisville, this first day of July, A. to levy, extend and collect such taxes raid 'bonds shall bear date of the first D. 1910. i in the manner provided by law for thk day of July, A.D.1910,and shall be signed 1 purpose of creating a fund for the pay by the Mayor and attested by the Town MAYOR. ment of the interest and the principe Clerk, under the official seal of said! Attest: of said bonds, and said tax when col Town,cOunfersigned by the Town Treat-' I lected shall be kept for and applied onl urer, and shall be recorded in a book Clerk and Recorder. to the payment of the interest and prlr to be'kept by the Town Clerk for that (SEAL) 'cipal of said bonds as hereinbefol purpose;"there shall be attached t0 each FORM OF COUPON. specified. bond, thirty capons, numbered consecu- $3.50 'I $3.50 Section 7. This ordinance shall be at tively from one to thirty, both numbers ! On hie day of ' A. D. . remain irrepealable until said bonds at inclusive, each coupon representing a, THE TOWN OF LOUISVILLE, the interest thereon shall have bee semi-annual installment of interest on' IN THE COUNTY OF BOULDER AND fully paid, satisfied and discharge said bond to which it is attached and' STATE OF COLORADO, as herein provided. 1 securing the payment of interest as it Will pay the bearer Three Dollars Section 8. All ordinances or parts of accrues, which said coupon 811al1 bear and Fifty Cents at the office of the ordinances in conflict with this or- the original or fac-simile signature of Town Treasurer of said Town of Louis- dinances, are hereby repealed.. the treasurer of said town, and the ville, being six months interest on 'Section 9. This ordinance immediately number of the bond to which it is Louisville Water Bond, Series of 1910, upon its passage, shalt be recorded in the attached, and said coupon when so No. book or ordinances of said town, kept made, executed and delivered as a part This coupon is payable in Gold Coin for that purpose, authenticated by the of said bond, shall be lawful obligations of the Uniter States of America or its signature of the Mayor and Clerk, and of said town securing the payment of equivalent at the holder's option. shall be published in the Louisville said interest in the hands of all parties News and Black Diamond World, and to whom they may come. TOWN TREASURER. shall be in full force and effect five days after such publication. Introduced, read, passed and ordered i published this 4th day of Oct. A. D. 1910. I Wm. AUSTIN, Mayor. Attest: FRANK GUTFELDER, Town Clerk. (SEAL)