HomeMy WebLinkAbout1965 Ordinance No. 017"44 .
Introduced aa a Bill by Councilman Rice
BY AU'l'RORI'l'Y
ORDillARCB llO. 17, DID" OP 1965
All ORDillARCB MD1DDIG ORDillAllCB llO. 21, •m& 1951, RBLATIRG TO THE AU-
lfBOUZATIC. Alm I88UARCB OP $500,000 OP RBPUllDDIG WATBR BOllDS, SERIES 1951,
OP TBB CITY OP B8QLINOOD, DATii> DBCBllBBR 1, 1951 • .
1111BRBAS, th• City of Bnglewood, Colorado, by Ordinance Bo. 21, Series 1951,
finally adopted and approved on or about th• 10th day of December, 1951, has
previoualy authorized th• iaauance of $500,000 of bonda, designated as "Refunding
Water Bonda, Seri•• 1951•, for the purpoae of refunding and paying valid and
outatanding Water Bxtenaion Bonda of aaid City, auch bond• being dated December
l, 1951, .. turing in varioua allOUnta in each of the year• 1953 to 1978, inclusive,
and bearing intereat at rate• 110re particularly ••t forth in said Ordinance: and
1111BRBAS, the City of Bn9lewood did on or about the 27th day of December, 1951,
.. 11 iaaue and deliver $200,000 of aaid bond•, varioualy nUllberedr and
WBBRBAS, the City of Bn9lewood did on or about the 8th day of April, 1952,
••11, iaaue and deliver $200,000 of said bonds, variously numbered: and
1111BRBAS, •aid Ordinance Bo. 21, Serie• 1951, provide• that bonds maturing
in the year• 1966 and thereafter, are rede .. able at the option of the city at
variou• till•• on and after December 1, 1961, in inverse numerical order: and
1111BRBAS, said City ha• refunded or will shortly refund the $217,000 of said
bond• which are preaently outatanding by iaauing Refunding Water Bonds, Series
1965, dated Septellber 1, 1965, in accordance with the proviaiona of Chapter 70,
Section 3, Session Law• of the State of Colorado, 19641 and
llHBRBAS, becauae of the call provision aa set forth in said Ordinance No.
21, Seri•• 1951, and becauae of the fact that it would be to the disadvantage of
the purahaaer of the RefundiftCJ Water Bonda, Serie• 1965, dated September 1, 1965,
for the r ... inin9 $100,000 of aaid authorization to be iaaued or sold by the
City of Bnglewood, and further becauae of the fact that the outstanding bonds
being refunded auat be paid and redemned according to the provisions of the
Ordinance authorizing auch Refunding Water Bonda, Serie• 1965, which may be impos-
aihle if the $100,000 of bonda, dated December 1, 1951, were ever issued or sold,
it ia the deaire of the City Council not to iaaue or cause to be sold the
$100,000 of bond• which are authorized, but uniaauedr
TBBRBPORB, BB IT ORDADIBD BY TBB CITY COUllCIL OP TllB CITY OP ERGLBWOOD,
COLORAD01
Section 1. '!'hat Ordinance Bo. 21, Serie• 1951, finally adopted and approved
on or about the 10th day of December, 1951, be amended by the addition of
Section• Bo. 23 and 24, which sections are a• followa1
•section 23. That in ccnaideration of the purchase of Refunding
Water Bonda, Serie• 1965, dated September 1, 1965, in the principal
11110unt of $4,845,000, which bonds were iaaued, in part, for the pur-
poae of refunding and paying the outstanding $217,000 of Refunding
Water Bonda, Serie• 1951, dated December 1, 1951, the City of Enqlewood,
Colorado, ahall not hereafter iaaue or sell the $100,000 of Refundinq
Water Bonda, Serie• 1951, numbered 341 to 346, 357 to 371, 382 to 396,
407 to 422, 433, to 448, 459 to 474 and 485 to 500, all numbers
incluaive, maturing in the years 1972 to 1978, inclusive, which are
authorized but remain unisaued.
•section 24. '!'hat the printed bond• in the amount of $100,000,
deaiqnated •Refunding Water Bonda, Serie• 1951•, dated December 1,
1951, nUllbered 341 to 346, 357 to 371, 382 to 396, 407 to 422, 433
to 448, 459 to 474 and 485 to 500, all nUllbera inclusive, and all
attached intereat coupons, be cancelled and deatroyed, and the City
Treaaurer i• hereby inatructed to acccmpliah the provisions of this
Section.•
Dl'l'RODUCBD thia 7th day of September, 1965.
Finally adopted and approved this 20th day of September, 1965.
ATTBSTI t Mayor
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