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<br />ORDINANCE NO. 40.3/ <br /> <br />i\N ORDINANCE ~['O CONTRACT AN INDEBTEDNESS ON <br />BEHALF OF THE CITY OF LOUISVILLE, COLORADO, <br />AND UPON THE CREDIT THEREOF BY ISSUING GENERAL <br />OBLIGATION RECREATION BONDS OF THE CITY IN THE <br />PRINCIPAL AHOUNT OF S:"OO,OCO FOR THE PURPOSE <br />OF CONSTRUCTING AND EQUIPPING A SWIMMING POOL <br />AND RELATED Fl\CILITIES IN ':'HE CITY; PRESCRIBING <br />THE FORM OF SJ\ID BONDS AND PROVIDING FOR THE <br />LEVY OF TAXES TO PAY THE BONDS AND ~HE INTEREST <br />THEREON; AND DECLARING k'l EMERGENCY. <br /> <br />WHEREAS, at a special municipal election duly called <br /> <br />and neld 1n the City of Louisville, Colorado, on Tuesday, November <br /> <br />28, 1972, a majority of the registered, qualified electors voting <br /> <br />tnereat, approved the question of issuing general obligation bonds <br /> <br />of the City iL the princ:ipal amount not exceeding $100,000, for <br /> <br />tr.. purpose of construct:ing and equipping a swimming pool and <br /> <br />:=elated facilities to bE~ located next to the community buildin<; <br />J <br />on the west side of Grant Avenue between Spruce and Walnut Streets, <br /> <br />in t.~e City, and <br /> <br />WHEREAS, the ]~esults of said election have been duly <br /> <br />canvc.ssed and certified., as required by law; and <br /> <br />rlHEREAS, the City Council has determined it is <br /> <br />necessary and advisable at this time to authorize the issuance of <br /> <br />the JOnds in the amount of $100,000 for said purpose: <br /> <br />BE 17 ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br /> <br />LOUISVILLE, BOULDER COUNTY, COLORADO: <br /> <br />Section 1. Bond Details. That for the purpose of <br /> <br />constructing and equipping a swimming pool and related fa~ilities <br /> <br />to te located next to the community building on the west side of <br /> <br />Grant Avenue between Spruce and ~'lalnut Streets, in the .Ci ty, the <br /> <br />Ci~v shall issue its general obligation negotiable coupon bonds in <br /> <br />Y..e principal amount of $100,000, each to be designated "General <br /> <br />OOJ...:...gatior. Recreation Bond." The .::londs shall be dated January 1, <br /> <br />1973 and consist of 5 bonds in the den9mination of $1,000 each, <br /> <br />.1umbered :.. to 5, inclusive, and 19 bonds in the denominat.ion (jf <br /> <br />$5,C:0 each, numbered 6 to 24, inclusive, bearing interest at thL' <br /> <br />- 29 - <br />