|
ORDINANCENO: 188.
<br /> AN ORDINANCE TO CONTRACT AId INDEBTEDNESS ON BEHALF OF THE TOWN
<br /> QF LOUISVILLE,', COLORADO AND UPON THE CREDIT THEREOF, BY ISSUING BONDS
<br /> OF SAID TOYVN IN THE PRINCIPAL SUM OF TEN THOUSAND DOLLARS FOR THE IM-
<br /> PROVEJIENT ''AND EXTENSION OF WATER WORKS FOR FIRE AND DOMESTIC PURPOSES,
<br /> PRESCRIBING THE FORM OF SAID BONDS , AND PROVIDING FOR THE LEVYING OF
<br /> TAXES TO PAY' THE SAME.
<br /> Whereas, a majority of the voters of the Town of Louisville, who
<br /> were taxpayers under the law, voting on the question' at an election
<br /> held in and for the Town of Louisville , on the 8th clay of May, A.D.
<br /> 1894, by their vote approved and authorized the Town Board of Trustees
<br /> to erect a system of waterworks for fire and domestic purposes, the
<br /> same to 4e owned and ,operated by the Town, and
<br /> Whereas , the present water system is inadequate for the said
<br /> Town and the inhabitants thereof, and in order that the present and
<br /> future needs of the people may be met , it is necessary to erect and
<br /> construct additions , extensions and improvements to the said water-
<br /> works system in order to supply the said town and the inhabitants
<br /> thereof with a proper and adequate supply of water; and
<br /> Whereas, there are not sufficient funds in the treasury of said
<br /> town to provide for the necessary additions, extensions and improve-
<br /> " ' ments to said waterworks system, and the Board of Trustees deems it
<br /> advisable and necessary to issue additional coupon bonds of the said
<br /> town to supply the said town and its inhabitants with water, as here-
<br /> inafter set forth:
<br /> NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
<br /> TOWN OF LOUISVILLE, COLORADO:
<br /> Section 1. That for the purpose' of providing funds for the extension
<br /> and improvement of the Louisville waterworks system by the erection
<br /> of a filter, as originally contemplated and authorized by the Town
<br /> of Louisville, the town shall issue the negotiable coupon bonds
<br /> thereof, in the principal sum of Ten Thousand Dollars ($10,000) ,
<br /> consisting of twenty bonds in denominations of $500. 00 each, pay-
<br /> able in such funds as are , on the respective dates of payment of the
<br /> principal of and interest on the bonds , legal tender for debts due
<br /> the United States of America and bearing interest from and after
<br /> the, 1st day of June; A. D. 1936, at the rate of five per centum per
<br /> annum, payable semi-annually, on the 1st day of June and the 1st
<br /> day of December in each year, and evidenced by interest coupons
<br /> attached to said bonds. Said bonds shall be numbered in regular
<br /> and consecutive order, commencing with number one, and shall mature
<br /> in the order of their number, $500. 00 on the first day of June in
<br /> each of the years 1938 to 1947, inclusive , $1000.00 on the ,1st day
<br /> of June in each of the years 1948 to 1950, inclusive, and •$2000.90
<br /> on the first day of June in the year 1951,. Said bonds and the cou-
<br /> pons shall be payable at the office of the Town Treasurer, in the
<br /> Town of Louisville, Boulder County, Colorado. Said bonds shall bear
<br /> the date the 1st ,day of June, A. D. 1936, and shall be signed by
<br />
|