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Ordinance 1966-351
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Ordinance 1966-351
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Last modified
3/12/2021 9:52:10 AM
Creation date
8/15/2007 4:22:59 PM
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Template:
City Council Records
Doc Type
Ordinance
Signed Date
3/15/1966
Ord/Res - Year
1966
Ord/Res - Number
351
Original Hardcopy Storage
7E1
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ORD 1966-351
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<br />O?-:)INANCE NO. 3S! <br /> <br />A\ ORD:=~':^SCE PROV=:DING FOR TEE I:cc::'~ '2"CE <br />F>Y TT.-IE CIT'{ OF I,/OlTISVIIJIJS, cr:TIOR)<L~C; ~ ()i~ <br />I'l'S J\EGOTIABLE COUPON BONDS IN THE PRIN- <br />CIPA"L AvIClUNT OF $270,000, TO BE: DESIG- <br />NATED :'REFUNDING WATER BONDS", FOR TEE <br />FJ;::;'POS: C~:;' REFUNDIl'\G $270,000 OF OL'rSTA'\D- <br />ING BOKDED INDEBTEDNESS OF SAID CITY; PRE- <br />SCRIBING THE FORJ.'1 OF SAID REF"CNDING EO-;\JDS; <br />PROVIDING FOR THE LEVY A'\JD COLLECTION OF <br />P;..\ P..NNUAL TAJ( TO PAY SAID BONDS, PRINCI- <br />PAL A\fD INTEREST; A'\JD DECLARING ill'\! EMER- <br />GENCY. <br /> <br />WHEREAS, trle City of Louisville, Boulder County, Colo- <br /> <br />rado, has outstanding its negotiable coupon bonds, more particu- <br /> <br />larly descrioed in the Certificate of Determination and Resolu- <br /> <br />tion duly adopted on the <br /> <br />) !j <br />-nA/ <br /> <br />day of March, 1966, in a total <br /> <br />amount of $270,000; and <br /> <br />WHEREAS, sa~d bonds may be refunded a t this t iral: In a <br /> <br />legally proper and suZficient fashion, for the pur)ose of elimi- <br /> <br />na~.:::ing unduly restrictive covenants contained in the present bond <br /> <br />ordinance; and <br /> <br />WBEREAS, by a Res 01 ution duly adopted on the Ie-I. day <br /> <br />of March, 1966, the City COlfficil of the City of Louisville, Colo- <br /> <br />rado, determined to issue, in accordance with the Laws of the <br /> <br />State of Colorado, pa:rticularly Colora~o Revised Statutes 1963, <br /> <br />Chapter 139, Article Lj.4, new bonds, each to be designated tlRefund- <br /> <br />ing ~;'!a 'cer Bond tl, the same to be s old at not less than the ir par <br /> <br />val~~.e. anCi the proceeds thereof used for the p'...lrpose of refe"di_ng <br /> <br />and paYlng said outstanding bonds of the Series January 1, 1955, <br /> <br />the amount of said Refunding Bonds so to be issued being the SUill <br /> <br />of $270,000, and the Cer tif ica te of such de terrc;ina tion having been <br /> <br />heretofore duly made and entered In and upon the records of said <br /> <br />City, as required by law; <br /> <br />- 8 - <br />
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