HomeMy WebLinkAbout1962 Ordinance No. 027~1
ii .
Introduced a• a Bill by council.Mn Braun
ft AUl&>Uft
ORDDIAllCB m. 27, ••1• or 1962
A ULL IOa -ODDMC• to CXJn'lllCT -DODI' .... cm _, .. or .. Clft rw •111 r1DOD. coumaao. AllD VIC* ms m•n 1•1 uor • 188U1m...,. or UID cur D .. ftDCUAL 8111 or fl, 750, 000 Im .. mno,,...., AllD __ l'! ___ _
um a. na • ·. · ·· nn•1i ••acunm.,.. to• or MID.,.,., AllD
l90VIDD8 .oa .... L8W OP !'ADS to PAT .. m AllD .. ~ .......
I •MW. tbe City of Snglnood, Arapahoe Coanty, COlorlldo, now owna,
operate• and -int:aina a ayatem of wa~rka for tbe purpo•• of aupplyin9
•id City and ita inb9bitaata with water for fire an4 clomeatic purpoH•r ....
I .... it i• awaaary to extend aacl illproft Aid watenlork• ayatem
in o&'dK to •apply U.. •id City an4 th• iababit:ant• thereof with a proper
and 9111-te -ly of vat.err and
I 'NIAi, tiler• are not auffici•t fmda in the tr••ury of Aid City .
to prowide for tbe neceaaary ateaaion• and illprov••nta to Aid water-
timrb ayaua and tbe City Coanail de•• it .. viaabl• and •ce•aary to '-c
i• ... n1gotiabl• ilaad• of Aid City in tbe amount of fl,750,000 for tbat
mmw•rand
I 1 188, •id •llO\lnt of l»onda, after public notice of Ale. ha• lie••
.arded to United california •u, of Lo• Angel••· and other•, the hi9heat.
aaid i.at bidder, for caah at not l••• than par and accrued intereatr
u n mmnm> •ms c1n coumc1L or ms cm or •11t.m10CD, COLOaAD01
8ection 1. '!bat for the parpoH of providin9 fund• for the utenaion
and 111fcow•mt of tbe ... lM:1ao4 watuworka ayaua, tbe City •hall i••u•
ne1e»tt.ble ooapoa ilaad• in tbe principal -of fl,750,000, .. ab to be
deai.-ted ••••ral Obliption water ~ion 9oad, leri•• 1962•, elated
u of lla•11ra.r 1, 1962, conaiatinv of 1750 llollllla in tbe ••••lnation of
fl,000 •ala, n•Phered 1 to 1750, incluaive, Marint intenat payable -i-
•-lly on tbe lat day of .. Y and tbe lat day of lloYWAtier •ch year, a•
ewldenaed by int.r••t coupona att:acW to Aid l»onda, and -turiDCJ on
lloY b • 1, u followaa
'??•' Mtgrity lpt;trMt Mt.I
f50,000 1963 4 1/2
50,000 1964 4 1/2
35,000 1965 4 1/2
J0,000 1966 4 1/2
25,000 1967 4 1/2
20,000 1968 4 1/2
20,000 1961 4 1/2
15,000 1970 4 1/2 ---1971
40,000 1972 3 3/4
40,000 1973 3
40,000 1974 3 ·
40,000 1975 3 .
45,000 1976 3
45,000 1977 3
75,000 1978 3
t0,000 1979 3
90,000 1•• 3.10
125,000 1981 3.10
lJ0,000 1982 3.20
115,000 1983 3.20
145,000 1984 3 1/4
150,000 1985 3 1/4
115i 000 1986 3 1/4
160,000 1987 3 1/4
90B4a -tariag in th• year• 1963 to 1972, inclui,,., to be red••ule
at tbe option of tbe City •ix montba prior to their r .. pecti•• -turity
date. at par, acm ... intereat, plu a preai• of •ix month•' inter••t at
t:be rate epeaif iel in tbe aoapona att:aabed to tbe band or bond• bein9 called
for nd1 t~ion. 90B4a -tarin9 in tbe y.ra 1973 an4 tberMfter to be
red••nltl• at tbe option of tbe City on Ila•• a.r 1, 1972, and on any inter .. t
paJ11•'t date tber•fter in in•erH nwrioal order at par and accrued
int:seat •
.. id boeda and tbe aoapona thereto attached alaall be payable in lawfal
___, of tbe Vlllted 8tate• of America at tbe office of tbe City 'fnaRrer,
1a ... 1-aod, Colondo, aball be •iCJD84 by tbe llayor •f Aid City, atteat.ed
ud aoantsaitned by tbe City Clerk and 'h-warer, under the official Hal
of Aid Ci~, and aball be recorded in a !look to be kept by Aid City Clerk
for t:Mt parpo••· All ooapona aball bear tbe faaaillil• •i9Mtur• of tbe
T&1anrer of •M City. Aoald any officer~-•ipature or facaillil•
•19natare an••• on Aid llaada, or the coapona thereto attaabed. aeaH to
be 81lab officer before delivery of the bonda to th• parabaaer, aucb •19na-
tllre or fao•illil.• •19Daaare aball ~-· be walid and ••f ficient for
all .......
~ iAPt .. ..
-----... -...
8eaUon 2. t'bat the Aid bond• and tbe ooupona attached thereto ahall be
ill ..-t:antially tbe followilMJ foraa
UDBD ftA'l'D 01' .-1CA
•w• 0. CDLmADO CX>U8'l'I' OP AIAPAIK>S
llO •. _____ _
Clft 01' llmaZJOOD
mmi. o•.anm aswa mm1011 ...,
aaia ltu
,l,000
fte City of 8D91..aod, in tbe county of Ar..U•• and State of
Color.SO, aalmowl ..... iuelf indebted and hereby prolliw to pay to the
...__. hereof tile -of
OU ..UM• D011MS
• tbe lat day of 11Dw1.i.r, 11.,..-• with int••t thereon at tb• rate of
per cent• '-") per m•, pa)'Ul• -i-annually -o-n-aae--1-.-t-L_y_oll!l!!f-..... Y and tbe lat Ly of 11ow11111er •ch yMr, botb princi-
pal aad intereat payal»l• in lawfal ~ of tbe United 8t:atea of America,
at tbe office of tbe City ft•••••· in 8ft9l..aod, Oolorlldo, upon preaa-
tation and aarnnder of Aid ooapona and thi• 9ond u they HVerally be-
aa•• dae.
9onda of tbi• i .. • -tarincJ in tbe yMra 1963 to 1972, incluaive, are
red•••ltl• at tbe option of tbe City •ix llODtha prior to tbeir reapective
-aarity datea at par, accrued int.eat, plu a ' pr-i-of •ix 110nth•'
intereat at t:be rate apec:if ied in the aoapona att.aabecl to the bond or bond•
bein9 oalled for redJ rtion. ..... of thi• i••• -turinv in th• year•
1973 and thereafter are r.Sernl• at tile option of tbe City on 11ov.-r 1,
1972, and on any inter•t pay111nt date tbereafter, in inverM numerical
_._. at par and aocra.t intereat.
"'1• 9oad i• ila...S by the City Council of Sn91..aod, Color.SO, for
tba pupoM of aupplyift9 tba City and ita inbabitanta with wter by extend-
ing and illprowing it• •t9n0rk• ayaaa aDller tbe authority of and in full
mnforaity with tbe CODatitution of tbe State of Color.SO, th• proviaiona
of Cbaptez' 139, Article 32, Color.SO 118wiMd St:atutea 1953, th• Cbartes. ·
of •id City, and paraaant to an Ozdinanae du1I ..SOptad, pablilbed and ..Se
a law of •id City prior to tbe i••uanoe of tb • 9ond.
It i• hereby certified and recited tbat all t:be requirr1nt1 of law
have l»een cluly GC91lied with by the proper officer• of Aid City in the
iamnoe of thi• 8ondr tbat tbe total debt of tba City, inclUlling that
of tlai• 8ond, doe• not exceed any lillit of lndebt.Mn••• prwrlW by th•
CDnatitution or 1m of tbe State of Color.SO or tb• c:barter of Aid Cityr
and tbat prcwiaion baa Ileen .... for tbe 1eYy and collection of an annual
ta on all tbe taxaltl• property in Aid City aufficient to pay the lnter••t
• and principal of thi• 8ond wben the -beco•• ••·
'!be fall faitb and credit of the City of Sngl..aod, COlorado, are
bermy pledged for the punctual payment of th• principal of and int••t
on tbi• 8ond.
D BSTJllCml 1 •..,r, the City Council of tbe City of SnglMnOCI,
C»lor..SO, baa caued thi• 9ond to be •ifJDed by the .. yor of Hid City,
atteated and counter•i91*1 by th• City Cl•k and lfr•Rrer, ••led with
tbe -1 of the City, and the coupltna hen• attached to lie aiped with
tbe faoaillil• •i91lAtare of the City ft'eaaar•, aa of tbe lat day of
... tw, 1962.
lDo not aicm)
( 8 S A L )
Mayor
&llWIW AllD CX'IUlllml•m1
fDo not aian)
C:Ttj CJ:erkliiiil tr-ar•
(l'ora of Coupon)
11o _____ _ ·---On the lat day of-~· 19 , ml•• the llond to which thi•
oowpon i• att.aobed baa dror1ed for prior nd1 1tion, tb• City of
-1a11aad, i.n tll9 Comaty o~ ar...-. aa4 8tau o~ C01or-.lo, will pay to
~
D0''MI ------------------------i.n l• ~al moa.y o~ the VDJ.te4 8taua o~ Ameriaa, at tm o~~ioe o~ the City
1'1•Rr•, in 9Dgl..aa.S, color.SO, lleiag •ix 80Dtba' intereat on ita ''
8-.ral Cl»liption water actmaion mond, leri•• 1162, dat.111 11ov-.r 1,
1961, bearing
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I
--·
• ~11J.04 . . .
rmun ADOl'l'D Am u•aovao naa 15th day of October, 1962.
( 8 S A L )
llayor
&llW1
I, a. O. -mng, City Clerk-lfr_ar_., City of SnfJl..aod, comq-··of
Arapaboe, 8tat:e of COlor-.lo, do hereby certify tbat the ai.o.e an4 foregoing
ordiMnce i• a trae and correct copy of the ordinance intro4uced at the
rega1ar wting beld on th• lat day of Octolter, 1962, u a 1:»111, rad in
fall, pu..S on firat r...SiDfJ, pal»li•W in fall in th• llnglnood Berald
amt .. t.spciM on t:be 4th day of Octoller, 1H2, and relld a aecond time,
fiMlly .,. ..... -'opted and approved on the 15th day of October, 1962, ••
OrdiMDce llo. 27, leri•• of 1H2, of Aid City.
Allma
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