HomeMy WebLinkAbout1961 Ordinance No. 027I
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IDtrodaaed aa a Bill by Councilman Braun
-AU&W&lft
oum111c:s m. 27, m1• o. 1961
A BILL 10& u OllDDlllC:S to aanuC'f u • , ·, · . · ' · -o• •-L• OI' .. cnr OI' mn.s1DOD, coLCUDO, AllD mm m m•n •• .,,. n 1aauDG..,. ow MID cur D ... •19CIPAL ... 01' f275,000 IOa m .. .,.,..., AllD .., .. aim OI' ns • · . • • -• ..,., naca1um m to• ow MID ..,. AllD novm-
im JOa BS r.svr a. mm '° PU m m AmD ms lll'ID8ft m-....
1 --·· ~ Cj,Q ·~ -1•-a•. Ac ..... _ CD--· ODl.oc•'llo. DGW 0 •••
G11Ilt11 • 1111t11n1 1 1J1t11 or 11tnn1 rar t11 lll!llDll or 1111IY111G
-id Ciq and it:• inbmbit:ant:• with water for fir• and clolle•t:ic parpo-•r and
1 PW, i.t i.• --•aary to 9XteD4 aad u+zo.e aai.cl wat:erla•b .,.a. in order to -.ply tbe Aid City and tbe inhaMtant• thereof with •
... .w. and ...,._te aapply of wterr and ·
1 MW, tiler• are not aufficient fanda in tbe treaaary of -id City
to proyide for tbe ..WNry atenaiona amt illpzo.-nt• of .. 1c1 wt.ezwork•
ayatm amt tbe City Coancil de•• it .S.iaable amt weaaary to 1••• negotiable
lloala of .. id City in tbe 1mD11Dt of f275,000 for tbat parpoMr and
17 MW, .. id PPOmlt of llonda, after pal:tlic notiae of aale, ha• 11••
~ to tbe J. K. llall• lnftam1nt CrAlpPDy of Dea.er, COlor..to, et al, tbe
la111a••t amt 1-at bidder, for caab at not l .. • than par amt acaraed intereatr
u n m-1 e• n ms czn COlmCIL or ms Crl'r or •aLSKX>D, COLmADOa
lectiQll 1. ftat for the parpo• of pny141ng famla for tbe ateuion
..S illpzow•1nt of tbe Snglnood wt.erwrb ayatm, tbe City •ball 1•-..-
tlabl• aoapon bond• in th• principal •-of f275,000, eaob to 1-de•ivnated
·a-ral C*liption water sxtwion Jland•, dated u of 11oY1 lier 1, 1961, oon-
auti.1119 of 275 llomla in tbe denamlnation of fl,000 eeeb, • .._... 1 to 275,
1Dclu1w, 1-u'iDg inter .. t payable -1-annaally on tbe lat day of llay an4 tbe
lat day of llow11t.-eeeb year, u nidenced by inter•t coapona attaab.S to
.. id llomla, amt •taring on llo9rm1Mr 1, aa followaa
1 Mt Mtaritv IRSR .. t ...
f20,000 1963 3
20,000 1964 3
25,000 1965 3
25,000 1966 3
30,000 1967 3
30,000 1968 3
35,000 1969 3 1/8
40,000 1970 3 1/8
50,000 1971 3 1/8
All of .. id llon4a to lie rede•abl• at tb• option of the City •ix
-tba prior to tbeir reapectift -tarity date• at par, ac:craed intereat, plu
a pr•i-of •ix 110Dtha 1 inter .. t at tbe rate apecified in the ooapona atteched
to the llolld or bond• 1-ilMJ aall.S for red1 stion.
&aid llanda and tbe coapona thereto attacbed •hall lie payable in law-
ftal ---., of tbe united Stetea of ~lea at tbe office of tbe City -rreaaarer,
in ... 1Mma4, COlorlldo, •hall 1-a1pe4 by tbe •,or .. 1c1 City, att .. t.ed an4
coanteraip.S by tbe City Clerk an4 'ITeenrer, ander tbe official -1 of •id
City, ,.. aball 1-recorded in a !look to be kept by .. id City Clerk for tbat
parpoae. All caapona ahall lieu' tbe facaillil• •if)Dature of tile -.arer of
.. id City. 8boald eny officer wboM •iCJDat_. or facaillil• •iCJDatur• appear•
on .. id llanda, or tile coapona tbereto att.aabe4, oeaM to lie aach officer llefore
dell..-y of tbe bonlta to tbe parchaaer, aacb •iCJD&tare or facaillil• •iCJD&tare
aball -..rtbel••• be yalid aad ••ffiaient for all parpoMa.
Section 2. '!bat tile .. id bon4• and tile coapona attached thereto
ahall be in aabetentially the followinv forlla
~~ •ww o. •-zca -·-·-ow CGS.mftDO !WftfBIMB
~ OBLXGATXOll 11am m•sxo• BC:mD
llo •. ____ _ fl,000
lfbe City of Bn9l9UOOCI, in tbe COWlty of Arapahoe and Stet• of
Co1or..SO, acJmowledge8 it-lf indebte4 ...S hereby prOIU.-• to pay to th•
bearer bereo~ the •-of
om BIOUUllD DQl'"U
on the lat day of llow~, 19_, with int.eat th•eon at the rate of~---
per a.aaa C •> per enn .. , payable -1-maally on tbe &at day of llay
end the lat day of llo91llt• eedl year, lloth principal an4 int.er•t Mint pay-
ebl• in lawfal money of the united Statea of America, at tb• of flee of tb•
City 'fz••nr•, in Sngl...aod, Color.to, apon prewtation an4 •arrender of
Aid coapona and thi• Bond aa they ..._.ally lleca•• ••·
... _~ " ' • • .. . . ......
e.t-s.~ ••••
Bonda of tbi• i••• are red••ll1'1• at the option of the City •ix
90Dtha prior to their reapectift •tarity date• at par, accraed intereat,
plaa a pr-iam of •ix 110ntha' inter••t at th• rate apecified in th• coupon•
attacbed to the bond or bond• being called for red 1111 tion.
tbia Bond i• iaaaed by the City CO•cil of 8n91.Mfood, COlorado, for
tbe parpoH of •applying the City and it• inbal»it••ta• with watm.:by extend-
ing and illprovin9 ita watuwork• ayaua aader the aatbority of and in fall
coafozaity with the conatitation of tbe State of COlorlMlo, the proviaiona
of Cbapter 139, Article 32, COlorlldo ..,,iaed Stata-. 1953, the c:barter of
Aid City, and paraaant to an Ordinance claly adopted, pabliabed and ••de a
law of Aid City prior to tbe i••aance of thi• Bond.
It i• hereby certified and recited that all the r9f111ir-.ata of l•
ba .. II•• duly CCM11lied with by tbe proper officer• of •id City in tbe
iaaunce of thi• 9oadr tbat the total debt of tbe City, inclwlin9 that of
tbia 9cmd, *-• not aoeed any liait of indeJ:>tedne•• pnacriW by tbe con-
•titation Ol' 1m of the State of COlorador and that proyiaion hu 11•• •NI•
for tbe lny and collection of an annul tax on all the taabl• property in
Aid c.t.ty •affici•t to pay the inter••t on and principal .of thi• 9oad when
the ••• beaa•• due.
'Ille fall faith and credit of th• City of ..._1..aall, COlorldo, an
hereby pledged for th• panctul pay.•t of the principal of and inter•t on
thi• Bond.
D BftDIOft • ..., ... the City COancil of the City of .... 1..-od,
COlorado, bu cauaed thia Bond to be aiped by the •yor ea •id City,
atte•ted and coanter•iped by the City Clerk and fteanrer, -led with the
-1 of tbe City, and tbe coupon• hereto attached to be •iped with tbe
fwillil• •ignature of the City 'lrea•arer, a• of tbe lat day of llovrber, 1961.
( S • A L ) llllyor
~11•~• AllD COm'l'miummn
CllY-Clerk iDil 'l'reaaarer
(JO• 01' C01Jl'Cm)
llo •:-------
.. ___ _
On the lat day of ll¥mber, 19 , -1••• the bond to which thi•
coupon ia attached bu been called for prior red1 ption, the City of
Snglauood, in the Coanty of Arapmboe an4 State of Colorado, will pay to
i.arer
DC)IJ.Q8
in 1-fal llDD9Y of the United State• of America, at the office of the City
'l'rwanr, in 81MJl..aall, COlorldo, being •ix 110Dtba 1 intereat on ita General
Obliption water s.tm•ion Bond dated llov1111ber 1, 1961, Marin9
llo •. ____ _
City !Teaaarer
Section 3. 11ben Aid llond• haft Ileen duly aecated, the City
'ITeaArer i• hereby directed to deliver Aid llonda to th• parchaaer thereof
on receipt of the ap-eed purchaH price therefor. 'Ille proc:ee4• of Aid llonll•
alaall be ued for tbe parpoH of aten4iDCJ and illpzoving the watenork• ayaam
of Aid City, and for no other parpoH whatever, llat neither tbe parchaHr of
Hid laolMI• nor tbe •ab9ef111ent bolder of any of tbm •ball be reaponaible for
tbe ••lication or diapo•l by the City, or any of ita offiaen, of •Y of
tbe f1ID4a deri...S fro• th• •l• thereof.
Section 4. If neceaaary, the inter••t to lleoa•• da• on Aid boml•
on llay 1, 1H2, aball lie adftncecl fro11 tbe wter or other awila1»1• fan4 of
Aid City. Por tbe parpoH of ret•llara ..... •id ftand and of wting the intereat
acaraing on •id llond• promptly and u tbe ••• therMfter laeaa••• d•, and
for tbe parpoH Of providing for the ultimate payment and recll Ution Of •id
laand•, there 8ball lie levi.S on all the tmbl• property in •id City, in IMMi-
tion to all other tma, direct annul tm• in Mela of tbe year• 1961 to 1970,
incluift, Rfficient to Mk• aach r•imlNr•••nt and pay tbe intereat on a.I
principal of Aid laolMI• a• the -lleca•• d• and payal»le, rMpectiftly.
&aid tma, when collected, •ball be depoaited in a ..,.aial fand to
be JmCND a• •city of -laaaod Water bt:maion 9ond had, 1961•, and nob
l"8nd 8hall lie applied aolely to the parpoH of the pay111nt of the inter•t on
and principal of Aid llonda, and for no otber parpo8• whatever antil the in-
~a .. ao contracted ander thi• Ordinance, lloth principal and interMt,
aball haYe II••• fully paid, Ati•fied and di8Gbarfj8d, llat nothing herein
aantained aball be ao conau.ct aa to pr..-t tbe City fraa applyin9 any other
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f1lllda or renaae• that •Y i.. in the City 'lreanry ... nailUl• for that parpoM
to t:be p11JW1ant of Aid inter-t or principal, aa t:be -=•niYely -tare,
and apon any a1IGb paJW1nta, the levy or 19Yi• benia pcow •Y tbereapon to
tbat ..tent i.. dilliniabed. tbe w h••in pnyidell to wt tbe intereat on
.. id llo.S. and to tiaabaqe tbe principal t:ber•f -.. ._, an bermy appro-
priated for that parpoae, and .. id mounta for eaab ~ .Ull al• be incladed
ia tbe m•l INllcJet an4 t:be appzopriation bill• to • ....,._. an4 pa•~ by the
City Coancil of .. id City in each year, napeatiftly.
Section 5. It •ball be the daty of t:b• City CO..Oil of Aid City,
·-lly, at the time and in the m=nner prcwided by law for lnyintJ other City t•••· if aacb action •ball be neceaRry to effect•te tlle p&"OWiaiona of tbi•
Ordimoe, to ratify and carry oat the prcwiaiona llereof witla r•f•enoe to the
lnyiDg an4 collection of t••••r and .. id City allall lny, oertify and collect
nab tm• in tbe anner prcwided by law for tbe parpoM of ar•ti.. a fund
for tbe payment of the principal of Aid 1tonda an4 inter•t tbereoD, and aacb t•••· when collected, •ball be kept for and appli.S only to tbe paymnt of
tbe inter••t on and principal of .. id bon4a, u bereinabove apeoifi.S.
Section 6. All ordinance• and para tber•f in conflict with tbi•
Ordinance are hereby r•••l.S.
Section 7. After .. id llonh are i•a.S, t:bia Ordinance 8ball be
and r-in irrepealabl• mtil Aid bon4• and tb• inter••t .tbereon •ball have
been fally paid, Ati•fied and diacbaraed.
Section 8. '!bi• Ozdinance, t adiately on ita pa•-· •ball be
reaozded in tbe llooJc of Ordinance kept for that parpoM, aatheticated by th•
at.pat-of the llayor and Cleric, and •ball be pabliabed aa required by law.
Section 9. A pablic h.ring on the Ordinance will be held in the
Or:Mlncil Cbembera at tbe City Ball in 8D9l•ood, Colorado, on llonday tbe 2n4
day of October, 1961, at tbe boar of 8100 o•aloalc •·•·
Section 10. '!bi• Ordinance aball take effect tbirty day• after pab-
lication following final ..--.
Di&DUCD Aa a Bill thia 18tla day of 8eptwber, 1961.
~£.~.~ .. yor
Aiim'I
,Man AllD UPIOVD 'lbia 2n4 day of October, 1961.
AiiU!'1
~~.!£~4ir
1, a. o • ..-..9, City Clerk-'l'reaaarer, City of 8Dgl.-od, Coanty
of Anpaboe, State of Color.SO, do hereby certify that tbe above and fore90in9
ordi .. noe ._. introdaced, r-4, paaHd and ordered pabliahed •• a bill in the
-1.-.Jaad Berald an4 •terpz'iM at a regalar wtin9 of tbe City coancil beld
OD the 18tb day of 8ept11bu', A.D. 1961, and that at 1-t 7 day• after above
pablioation •• a bill tbe above ordinance ._. appzowed, ....,._. and ordered
pabliabed in .. id lepl ...,....,.r by tb• City Coancil at a regalar wting beld
on the 2n4 day of Octoi..r, A.D. 1961, ••Ordinance llo. 27, 8eri•• of 1961, of
Aid City.
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