C153718 Paid in Full Contract

• Contract/PO #: C153718
• Contractor Name: Morgan County Quality Water District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

1' I 1LETUtSHO
IASU1NCTON COUNTY, COLORAUo
ELECTION TYPE: PRIMARY GENERAL E
ELECTION DATE: NovegbeLZ,.1995 CANVAS DATE:_ xoveabsr 8. X995
' MORGAN COUNTY QUAUTY
QUESTION 4 CLT TQTAI.HATES
SI TALL MORGAN COUNTY OUALftY
WATER DISTRICT DEBT OE
INCREASED BY NOT MORE THAN'
$3,000.000 IN PRINCIPAL AMOUNT.
WITH A REPAYMENT COST OF NOT
MORE THAN $5,663,578 TOTAL
PRINCIPAL AND INTEREST BY THE •
ISSUANCE OF WATER REVENUE
BONDS FOR THE PURPOSE OF 1110D
FINANCING AND/OR REFINANCING,
IF NECESSARY OR DESIRABLE.
THE ACQUISITION OF WATER!
RIGHTS AND RELATED LAND,; TAT
MINERALS AND MINERAL RIGHTS,'
SUCH BONDS TO BE PAYABLE
SOLELY FROM THE REVENUES OF
THE DISTRICTS WATER SYSTEM
AND EARNINGS FROM THE
INVESTMENT OF SUCH REVENUES
OR THE PROCEEDS OF SUCH
BONDS, TO BECOME DUE AND
PAYABLE WITHIN 20 YEARS OF
THE DATE OR RESPECTIVE DATES'
OF SUCH BONDS, TO BEAR,
INTEREST AT A NET EFFECTIVE.
INTEREST RATE NOT EXCEEDING:
7% PER ANNUM, AND TO BE'
CALLABLE FOR REDEMPTION
PRIOR TO MATURITY WITH On
WITHOUT A PREMIUM, AS MAY
LATER BE DETERMINED BY THE
BOARD OF DIRECTORS,AND IN
CONNECTION THEREWITH SHALL
MORGAN COUNTY QUALITY
WATER DIS1 RICT BE AUTHORIZED
TO RECEIVE AND EXPEND SUCH
REVENUES AND EARNINGS IN
AMOUNTS EQUAL TO SUCH
PRINCIPAL, INTEREST AND.
PREMIUM FOI1 TIlE PURPOSE
OF PAYING SUCH PRINCIPAL.
INTEREST AND PREMIUM,
NOTWITHSTANDING ANY
APPLICABLE LIMITATION ON
REVENUES AND EXPENDITURES,
INCLUDING THE LIMITATIONS
SET FORTH IN ARTICLE X.
SECTION 20 OF THE COLORADO • .
CONSTITUTION?
c i YES
10
o NO •
3
ALL JUDGES MUST SIGN:
We, the undorstgnod Canvas Judges of Election for above named elecdon, do
hereby certify that the Election Return Totals are a true and correct reconnlllaUon
of ballots for thissellecUon.
Sl aturo Signature 1