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<br />ORDINANCE NO. 124.
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<br />ANOIWDiANCEPRQVIDINiFOR.THEPAIMENT QF THE
<br />MuNICIPAtWATER WORKS BONDS, , THE 'INTEREST
<br />THEREON, THE' CREATION,CFnfEMllNICIPAL WA.TER
<br />WORKS"SINKING FUND, APPRQPRIATING mE REVENuE
<br />FROM THj!) SALE OF WATER FROM mE MUNICIPAL WATER
<br />WORKSSYSTEM,ANDPRWIDING THEMEmOD OFPA.'Y-
<br />MENTOF,SAtDMUNICIPAL WATER WORKS BONDS, 'AND
<br />T~INTEREsr THEREON.
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<br />',' ,WHEREAS,the Ttr>'/ll of'Ooal Cre.ek, Colorado, at a Speoia1 Election
<br />calledf'or thE! purpose. e.ndhela on the 18th 'da;y Of'Jla\v,A~D. 1939~ bY- a
<br />- majotit;yQf'the taxpaying vowrso/"said Tomi of'Coal Creek,Co1c:lrad\l;
<br />vOtedtopUrc;hilse andi.D.stall amuIi.ioipd water W'o,rks system; and. authoriz-
<br />edthe <Board of' l'rustees of, said Towntoex~Dd the SUIIl ot $4000.00 in
<br />tl~e a.cqu;sit~o,n 01' s ail! ~s~~ arid the :iniprov:eme uC, the re ot' , and
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<br />WHEREAs. 'the Said Boardof'Trustes4 by Ordinancies and other
<br />requisi tEt:;pr-,~e~d1ngs . aSt?liIpowe~d".ha~ aOqllired ,a Ii1lini:c:l.Palvnite,r worb '
<br />systelm~d; 'ha'~ issued t;he,nago:tJ.ablegEuJera1 obligationbon4s of said Town
<br />of,Ci\)alJfi'~ek;'Color.ado, ,inmtlleprincipa1 'sum of' $4000.00; and said Bonds
<br />wsrs'.'dat8diip.elstda,y of'June:'A. J>.1939,and Wil~ matUre on the 1st
<br />d~:ot'-'Jllfie;':A~:D.1948"", ancrwhicb,' said Bondsl}ear, ii:l'teres-ti':'aii '-tile' rate of
<br />Five (5%),PElr oent per s,nnum,c tUld '-bhe in:berest is payablesemi-annQa11y, ,
<br />eimd,. '~;t"ei.s a'l;~l1.tJ d,,' to '., s~~aBon~s, cOtl~on,! '~pI"e sei;1~iD,g'\;h~. ~tere~:J!~" ,~zu,i
<br />said Borids ?lere, J.ssuedSUbJec'l; to can:an,d ,se,r:l.al-1y~' ,and.;sai,d:IlOndsp;rOV:i.de
<br />that thePaymentuo:t' said ~ondsa:i1(t:'thB:intEirelrt thereon _sC'to 'be made out
<br />otthe revenue derlvedfrom lili.e saJa of. water to be delivered by said
<br />munI6ipai.' water works system.,
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<br />THEREIi'O@, BE IT ORDiUliED BY THE BOARD <P TRUSTEES -OF THE Tam
<br />CREEK, COLORADO: ' , , ,
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<br />...}~~~'rII'ir~~illii'I,....
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<br />",~h , rhave'lieen'f'l1lly,'luii! completEi1i:,:'~:ti:ige~e~<With aU interest "
<br />';.a!,o~r.p~i.:':~h,Sreon;andall o.r,' said,1'!o~<<l"" .'t?~ti:P'~r:\ir<'~9)~ "~J?allhave
<br />';l:lee:iij~Ei~e~-1iB.d:,arid"pli.id.oi':t',by said.TOivn'C)fgo;1Cl"eek.' '8!rlf! Bonds shai.1
<br />b$i{~e'de~1Iiea' iJitheli) nWjll3r:iotll.,order;'"1inat'ifj:tosayll , ReC1emption' lIltist
<br />'\'o~etioewith 'Bond'Iiumber'On~"'8.nd pro~ee'aiftg ht':regu1ar numadci1l'~r~er,
<br />aiidsi~id"B.Ohdsshall b~ - red.&emdat their par valUe d' One Hunired (tIOO.OO)
<br />:'P91,lars ;;e.ji~b,,-,":,:aJ!ld the accrlJe~ ji,n.-terest thereon~. ' ' ' ,
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<br />~cy~on '2. Tl:1ex-eVe1llJ.e 'thus. dedved frOm the sale of water by,
<br />t~T9!!ttC!~S;;Iloa];',Cr~~.kJ;'cqo~o~dO,lUld1hus set aside as in paragraph One
<br />(l'),ner~,~t',~oil.nnot ~eused for any other purpose tl).anj to..witi FirSk"
<br />,j!~:, ,~';~Cl.4:d1ttniclpari'1a.ter WorkS Bonds, 'and interest thereon aooi-ued~
<br />~~'- ,~or the maintenance of said ,system.. Third: For the expenseS" of
<br />oollect~g; the water,renta~;.
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