HomeMy WebLinkAbout1953 Ordinance No. 014BY AUTH O !!ITY
0 R D I N A N C E NO . J4 S ~ ,!! _! § S OF 1953
AN ORDINftlJCE TO ~TRJ.C T AN INDEBTEDNESS ON BF.HA LF OF TH S CITY OF ENGIEWOOD, COLORADO, AND
CREDIT THEa!:OF BY ISS UING smms OF SAID CITY IN TH E PRINCIPAL SUM OF $150,000,, FOR
T /'!D EXTEtrSION OF ITS WA TE n\·.'ORKS SYSTEM , PP.ESC r IBING THE FOR M OF SAID BONDS,
PR OVIDlJ.TG FOR TITE LEVY OF TAXES TO PAY THE RONDS AND TH 'S lNTERFST THEREON, AND DECLARDJG
Af~ E~·:r'l1Ci!.~:cy .
\•:HE'1EAS • the City :=:n c l c oo ci hrr; constructed and nm: owns, oper'1 tc s a nd ma intains a system
of wat e rworks for thn nurpose of SU "'p lying the City and its inhabitants with water for .fire
nd domestic nurposes ; "nd
inc r ease the water s:upply anrl. extend and improve said waterworks
:;y stem in orde r t o supply the s aid C~ty and the inha bjta nts thereof with a proper and ad.equate
supply of water; and
\ re not s uff ic ient fun<l s in t h 0 trens ury of said City to provide for said
water supply and t he necessa ry extensjons and improvements to s a id waterworks system, a nd
the City Council deems it ndvi s nble and n e ces sary to issue negotiatable bonds of said City
for tr.at purposeJ
:::EFJRE , BE .f..Il~D R t CIT Y COUNCI L OF THE CITY OF ENGLEFOO D, IN TH E COUNTY OF
n.R.AP:d !0S , S'JL Cl RA'!:>O a
ection 1. hat for the puruo se " rovidine funds for supplying water and the extension
and imoroveme nt of the EnglPvood watPrworks system, th e City i:;hall issue ne e otiable coupon
bonds in the ~rincipal sum of $150 ,000 , d8 ted June 1, 1953, p ayable in lawful money of the
nited States of Americn , c onsistin r, of 150 bonds i n the denomin a t i on of $1,000 e a ch,
numbered 1 to 1 50 , inclusive, b~nrin g inter ~st payable semi-a nnually on the 1st day of June
ana the 1st rlay of De cember each y ear, a s ~v id enced by interest coupons attached to said
bon1s . Said bonds sh:ill be a r date d June 1, 1953, and s h all m.::tur e on December 1 s t, as follows:
Amount
15,,000
16 ,ooo
18,,000
15 ,,ooo
12 ,000
10,000
8,ooo
,ooo
5,ooo
4,ooo
Ma turity
1 954 a nd 1955
1956 and 1957
1958
1959
1960 -
1961
1 962
1963
1 964 to 1966 inclusive
1967 "
Bonds mc:.turine in the years 1954 to 1960, i n clus ive, shall bear interest at the rate of
3% pe-annum , anrl bonis maturin e in the years 1961 to 19f7, inclusive , shall bear interest
at the r at 0 of 3 1/4% per annum , int~r es t being payG ble J un e 1st and Decemb er 1st of e a ch
year . 5311 bon i s aP1 the coup ons thereto att~che d shall be payable at the office of the
City Clerk and Ex-officio City Tre a surer in En glewood , ~olor ~d o, sh a ll be siBn e d by the
or of ty and a ttested a ni co untersicned b.; the City Cle rk a nd Ex-off i cio City
reasurcr , under thf" of fici&l seal of sai d City, and shall be recorded i n a book to be
ke ~t by sai~ City Cl~rk for th at purpose . All Coapons sha ll b ear t he facsimile signa ture
of the City Cl e rl~ and Ex -officio 1,,ity Tre.:i.s11rer of said City .
l ~~L t~P. s a id bonds a n d the coupons a ttached thereto shall be in substantially
he f oll :)wi.n r form:
/Z/
UNIT ED STA TE OF AME 11 ICA
STATE OF COLORADO COUNTY OF ARAPAH OE
o .
CIT Y OF ENG LE"h'0 8D
·::, 1'ER EX TEUS I ON BON D
$1,000
The Cit:,· of En e l ew oo d , i n the County of Arapahoe and State of Colorado 1 acknowledges
i ts elf inde b t ed ai d h ereby promis e s to pay to the bearer hereof the sum of
ONE THOUSAND DOL L!~RS
on the 1 st ,r or December , A .D . 19_, with intere st the r e on at
Three-----------·---per centum (3%)
the rate of Three a'l d on e -qua rter per centum (3 l /L%) per annum, p ayable semi-annually on
the 1.st aay o c a nd the 1 st day of Decemb er e ach year , b oth principal an d interest
befru: naya.ble j r lnvfu1 Money of the Unit e d Stat es of Am eric a , at the office of the City
lerk and Ex -officio City Tr easurer j n Enc le wood, Co l orado .
This bond j s issued by the City Council of the City of ~I'{' l ew ood, Colorado, for the
ose or s unDlying the City and it s inha b itants with wa ter and extending and improving
its waterworks s _rnteJT1 unde r· the authorit y of o.nd in f •. 11 conformity with the Constitution
or the State of Colorado, the prov i sions of Chapter 163 1 Colora do Statutes Annotated, 1935,
ana all o ther l .::.ws thereunto enablin r:, and pur suan t t o an ordinance of said City duly
.'.l dooted , pub l ished and made a l ai,.; of s aid City p rior to the issuance of this bond.
It is hereby c ertifie d a nd rec i t e d tha t a ll the requirements of law have been fully
coir.Dlied with bv the proper officers of said Cit y in the is s uance of this bond; that the
total debt of th~ City, incladinc that of t his bond , does not excee d any limit of
indebte dn e ss pr escribed by t he Co nstitu tion or l aws of the State of Colorado, and that
r ovision ha s been ma.de f or t he l evy and collec tion of a n a nn ua l tax sufficient to pay the
inter est on and oricina l of this bond whe n the sume b ecomes due.
The faith and credit of t h e City of En gl e wood, Colorado , are herebypledged for
the punctual payment of th~ p rinc jpal of and interest on this bond.
' Ts.5TTI!,ONY WHEP.EOF , t h e City Counc il of the City of ~g lewood 1 Colorado, has
caused this bond to l·c sipned by th e Ma y or o f said City, sealed with the seal of the City,
a tte sted and c ountersigned by the City Cl erk an~ Ex -of ficio City Treasurer , and the coupons
hereto attached to be si ~n cd wi th the f a c simi le s i e nature of the City Clerk an d Ex-offi~io
City Treasurer , a s of the 1st day of June , A.D. 1953.
(SEA L)
ATTBSTED At!n COUNTERSIGNE D:
City clerk and -EX.::-oITTc i o
City Treasure r
Mayor
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