Ordinance 1986-887 - Laserfiche WebLink

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[Back of Bond] ADDITIONAL PROVISIONS This Bond is one of a series aggregating Three Million Three Hundred Ten Thousand Dollars ($3,310,000) par value, all of like date, teno r , and effect except as to number, principal amoun t, interest rate, and date of ma t ur i t Y , issued by the City Counc il of the City of Louisville, in the Coun ty of Boulder and State of Colorado, for the purpose of refunding valid and outstanding bonds of the City, under the authority of and in full conformi ty with the Constitution of the State of Colorado: T i tl e 11, Article 56, C.R.S. : all other laws of the State of Color ado thereunto enabling: and pursuant to the duly adopted Ordinance authorizing the issuance of this Bond. Pursuant to Sect ion 11- 56-107(6), C.R.S. , such recital shall conclusively impart full compliance wi th all of the provisions of Article 56, and thi s Bond i s s ue d conta ining such recital is incontestable for any cause what soever after its del ivery for value. It is hereby recited, certified, and warranted that all of the requirements of law have been fully complied with by the proper officers in issui ng this Bond. It is hereby fur ther recited, certified, and warranted that the total indebtedness of the Ci ty, inc I udi ng that of this Bond, does not exceed any 1 imi t prescribed by the constitution or laws of the State of Colorado; that the issuance of this Bond was author ized by an Ordinance of the City duly adopted and approved prior to the issuance hereof; and that provision has been made for the levy and collection of an ad valorem tax on all of the taxable property within the City, without limitation of rate or amount, to the extent other funds are not made ava i1 able for such payments, sufficient to pay the principal of and interest on this Bond as the same respectively become due. The full faith and credit of the City are hereby pledged for the punct ual payment of the pr inci pal of and interest on this Bond. - 18 -