Ordinance 1915-226 - Laserfiche WebLink

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and to secure the principal and interest , the full faith, credit , re- sources and all taxable property of the said Town of Louisville are hereby irrevocably pledged. The said Town of Louisville hereby ex- pressly reserves the right to redeem this bond and the other bonds of , this series prior to their maturity in the following order and on the following conditions: The Town of Louisville reserves the right to redeem all or part of said bonds prior to their maturity and in event any bond or bonds are call redeemed, then the called redemption shall be 'in the order that the then outstanding uncalled bond with the lowest number shall be call rddeemed first , provided however, that sixty days before any such call redemption shall be made, written notice shall be mailed by regis- tered mail to the holder and owner of such bond' at his last'.known address as shown by the records of the Town Clerk of Louisville, The Town Clerk of Louisville at the time of the sale of the bonds herein shall make a list of the name and admess of the purchaser of each bond to- gr with the number of the bond or bonds owned by each purchaser and any person who may thereafter -become the legal holder and owner of such bond may file with the Town Clerk of Louisville his name and address as the holder and owner of any bond or bonds and the notice for call redemption of any bond called before due shall be sent to the person who is shown by the records of the Town Clerk of Louisville to be the present holder and owner of the bond to be call redeemed1 t the time the notice is sent , and notice sent - by registered mail addressed to the last person shown to be the holder and owner by the records of the Town Clerk of Louisville at the address shown by the records of the Town Clerk of Louisville, shall be sufficient notice to mature said bond and stop the running of interest sixty days after call notice is mailed, whether such person is the actual holder and owner at the time of such maturity or receives mail at the address shown by the records of the Town Clerk of Louisville, or not, the burden being upon the holder and owner of the bond to inform the Town Clerk of his ownership and address, This bond is one of a series of thirty bonds of like tenor and date, maturing as follows: Bonds No. 1 and 2 shall mature on December 1, 1948 Bonds No. 3 and 4 shall mature on December 1, 1949 Bonds No. 5 and 6 shall mature on December 1, 1950 Bonds No. 7 and $ shall mature on December 1, 1951 . , . -' .Bonds Nb. 9 and 10 shall mature on :December 1, 1952 Bonds No. 11 and 12 shall mature on Ddcember 1, 1953 Bonds No. 13 and 14 shall mature on December 1, 1954 Bonds N0. 15 and 16 shall mature on December 1, 1955 Bonds No. 17 and 18 shall mature on December 1, 1956 Bonds No. 19 and 20 shall mature on December 1, 1957 Bonds No, 21 and 22 shall mature on December 1, 1958' ' Bonds No. 23 and 24 shall mature on December 1, 1959 Bonds No. 25, 26, 27, 28, 29, and 30 shall mature on December 1, 1960 The total amount of the bonds of this series is Fifteen Thousand Dollars (445, 000) , issued for the purpose of raising funds for the purpose of paying the purchase price of water rights and prosecution of appropirate legal action seeking a change of point of diversion of any water rights purchased, so as to make the same usable through the