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Home My WebLink About1950 Ordinance No. 0228 By A U T H 0 R I T Y. --------- .Q. .!! 12, 1 ! ,! N C E ~· ~ S E R I E S Ot 1950 • ~------- " AN ORDilU'"CE AI~ll!DI1'!G AND SUPPW.:r:NTn;G ORDINANCE BO. 18, SERIFS 1948, OF THE CITY OF FlrGLE'v7C OD, COL ORADO, .AU'mORI ZING THE ISSUANCE OF REFUNDING ilATF.R BONDS OF SAID CITY, AJID DECLARING AN lllERGJi:NCY. WHEREA.I, on t he 13th day of December, 1948, the City Council ot the City ot F.nglewood ·, Co lorado , adopted, and t h e : .. ayor of said City approved , Ordinance No. 18, series 1948, authorizing the i eauance ot )2 ,000,000 of neeotiable coupon refundine water bonds of said City, which bonds were to be e x- c hanged for .7ater Bonds or the said City in a like principal amount authorized by Ordinance No. 17 , Series 1948, ot said Cit y ; and ./HERE AS, t he Cit y has h eretofore issuf'd ~909,000 of e a id Refunding Bonds dated December 1,1948, in exc h ange for a like amount of .i ater 13 onds; and WHF.REAS, the City Council of said City has determined to iaaue an additicnal ~l,000,000 ot Re- t'unding ·;t ater Bonds of said City to be ec•hanged tor a like amount ot Water Bonds authorized by •aid Ordinance 1~o. 17, Series 1948; and ./1-:EREAS, the City Council has been able to ne gotiate an agreement under which the additi on al l,000,000 of Refunding 1:l ater Donds may be issued at l cwer rates of interest than those designated in said Ordin81lce No. 18, Series 1948; SEC'rI ON l. TH E:-lEFORE 3E IT ORDAThTED BY THF. CITY COUNC IL OF 'lllF CITY OF ErTGLF.WOOD, ARAPAHOE COUNTY , COL CRA.D O: That Ordinance No. 18, Series 1948, of the City or F.nglewood, Colorado, be and the same is h ere- by amended and supplemented to provide that ~1,000,000 ot the Refunding Water Bonds authorized by eaid Ordinance s hall be dated December 1, 1950, shall conei et ot l,000 bonds in the denomination or ~l,000 each, nwnbered l to 1,000, inclusive, shall bear inter est payable eemi-annualy on the let d a y s ot June and December in each year, and shall mature on December l ae tollow e : Intereet Year Amount Rate ~ 1952 .)23,000.00 1 3/4~ 1953 24,000.00 l 3/4~ 1954 24,000.00 l 3/4~ 1955 26,000.00 1 3/4% 1956 27,000.00 1 3/4~ 1957 20,000.00 l 3/4fo 1958 29,000.00 2 l/~ 1959 30,ooo.oo 2 1/4:' 1960 31,000.00 2 1/4% 1961 32,ooo.oo 2 1/4% 1962 34,000;00 2 1/4% 1963 34,000.00 2 1/4% 196~ 35,000.00 2 1/4% 1965 36,000.00 2 1/2% 1966 37,000.00 2 1/21' 1967 38,000.00 2 1/2% 1968 39,000.00 2 1/21, 1969 41,000.00 2 1/2% 1970 42,000.00 2 1/2% 1971 44,000.00 2 1/21' 1972 45,000.00 2 3/4% 1973 46,000.00 2 3/41' 1974 48,000.00 2 3/41' 1975 49,000.00 2 3/4% 1976 51,000.00 2 3/4% 1977 53,000.00 2 3/41' 1978 54 ,000.00 2 3/4% Said bonda oaturing in the years 1966 to 1971, inclua1Te, shall be redeemable at the opt ion ot the City on Decemb er l, 1965, and on any intereet payr ent dste thereafter in inverse numeric a l order; bonds maturing in the years 1972 to 1978, inclusive, ehall be redeemable at the option ot the Cit7 on December l, 1960, and on any interest payment 6ate tbereatter in inverse numerical order. Not ic e ot redemption prior to maturity shall be publish ed in a newepaper ot g9neral circulation in Denver, Colorado, t hirty (30) days prior to the date of call, and a copy or auch notice ehall be maile d to Peter •, ~riter & Ch ristensen, Inc., an d to J oettcher & Company, or Denver, Colorado. 2. t'orm: Said bonds and the coupons to be attached thereto ehell be aubste.ntically in the following ST /ll'F. OF COLOR No. UNrr ED SUTF.S OF AhimICA CITY OF ENGV E'.7COD REFU NDING WATER BOND SERIES OF l.9t50 CCUNTY OF ARAPAHOE ~l,000 ~ I I :1 The Cit y ot Englewood, in th e Count7 ot A.rapaboe and State of Color ado, tor value received, berebf acknowledge• itaelt indebte J an d promise• to pay to bearer the aum ot TP.OOSAKO DOLLARS in lawtul money or the United State• ot Amerioa, on the lat day ot December, A. o. 19 , with in- tereat thereon trca the date bereot at t he rate ot per centum ( -~) per annum, payable aemi-annuall7 in like medium on the tirat daye ot June and DecembeJ" in each ;year, u eTidenoed by intereat ooupona hereto attaobecl, both prinoipal and intereat being payable at the ottice ot the City Treasurer, in Englewoo d , Colorado, upon preaentation ot a aid coupons and th ia bond, re- apectively. (The fol l owing clause to be inaerted in bond• maturing in the years 1966 to 1971, inclusive.) Thia bond ia redeemable at the option ot the City on December 1, 1965 and on any int ereat pQment date tbereatter in it• inverse nwnerioal order in the ieaue ot which it is one. (The following clause to be inserted in bond• maturing in the years 1972 to 1978, inclusive.) Thia bond i• redeemable at the option ot the CitJ on December l, 1960 and on any interest payment date thereafter in it• inverae numerical order in the iasue ot which it is one. Thi s bond is issued by the City or Englewood , Colorado, tor the purpose ot paying water bonds ot said City, under, by virtue ot and in full conformity with the provision• ot an Aot ·ot the General .laaembly ot the State ot Colorado, entitled: "AD Act to enable cities and towns to refund their bonded indebtedneaa," approved March 16, lgal, being Chapter 237, Seaaion Laws of Colorado, 1911, and pursu- ant to ordinances adopted by the City Council of said City at lawful meetings thereof, held prior to the issuance of this bond. It 1• hereby certitied and recited t ah t all acta and things required to be done and condition• and things required to exist precedent to and in the iaauance ot this bond to render the same and valid, have happened, been properly done and performed, and did exist in regular and due time, torm and manner, as required by law, and th at the total debt of said City, including that ot this bond, exceeda neither the atatutory nor the constitutiona l limitations ot the State of Colorado; that said total debt is not increaaed by the issuance hereof, mid that provision has been made tor the levy and collection ot a direct an11ual tax on all the taxable property in said City and tor the application ot !let water reve- nue• of the waterwork• aystem ot said City auttioteilt to pay the interest on and the principal ot this bond a• t he s "Une reapectively cane due. The full taith and cred it or the City of Eng lewood are hereby pledged for the punctual payment or the principal ot an d the interest on thi [ bond. IN ~'i l'l'NES S mIERE OF, the City ot Englewood, Arapahoe County, Colorado, has caused this bond to be aigned by ita ~ayor, countersigned by it• City Treaaurer, sealed with its corporate seal, attested by ita City Clerk, and baa caused the annexed intereat coupons to be executed with the facsimile aigna- ture ot it• City Treasurer, aa of the lst day or December, A. D. 1950. (S E A L ) A'ITESl': Ko. City Clerk. June, (ronn of Coup on ) Mayor COUNTF..RSIGNPD: Cit y Trea ~urer. *------ On the tir•t day at December, A.. D. 19__. •(unless the bond to which this coupon i• attached has been called tor prior redeq>tion) t he City ot F.nglewood, in the Count;v ot Arapahoe and State ot Colorado, promises to p Ry to the be arer. ~------~----------~DOLLAHS in lawful money ot the Uni ted States or America, at the office of the City Treasurer, in Englewood, Colorado, being aix months ' interest on it• Refunding .. ater Bond, seriea ot 1950, dated December l, 1950, bearing o. ____ _ (Faoeimile Signature) City Treasurer *( Thia clause to be inserted in coupons due June 1, 1Q6l and thereatter attached to bonda maturing in the years 1972 to 1978, inclusive, and This clause to be inserted in coupons du e June l, lQ&& and thereafter attached to bonds maturing in the year• 1966 to 1971, inclusive.) SECTia. 3. The Refunding Water Bonda hereby authorized ahall be issued to the purchasers or the original .. ater Bond• authorized by aaid Ordinance lo. 17, Serie• 1948, in exchange, dollar for dollar, tor the bond• to be retun.i ed, and auch Retunding ,·,•ater Bonds, Serie• ot 1950, shall not be issued until an outstanding 11 ater Bond or outstanding Water Bonda in a like amount have been called in and can- celled, and all accrued intereat on said Water Bonda shall be paid before auch Refunding Water Bonda are issued in exchange theretor. SECTICS 4. The tax levies apecitied in said Ordinance No. 18, Se rie• 1948, tor the payment ot the interest on the Retunding Wa t er Bond a ot said City shall be reduced ao that such levies will produce only the amounts required to pay the intere st on outstanding Refunding Water Bonda dated December l, 1948, end outatanding Water Refunding Bond a Serie• of 1950, authorized herein. SICTIC9 ~. Said Ordinance Wo. 18, serie• 1948, is amended and supplemented only as specifically provided herein. All ot the other provisions and covenants ot aaid Ordinanoe No. 18, Series 1948, shall appl.7 to the Retunding .l ater Bonda, 5erie• ot 1950, autborized herein, and all ordinance• or parts thereof in conflict herewith are hereby repealed to the extent ot euoh oontlict. SBC'l'IOW 6. That this Ordinence , after ite introduction and reading, be published in tull in The Englewood. !Zterpriee, a new•paper or general circulation published in the City ot Englewood, in ite issue• ot a.ember 30, 1950 and Decemb er 7, 1950, and after ita final passage be recorded in a book kept tor that purpos •, shell be authenticated by the aigaturea ot the hl ayor and City Clerk, shall be tinallJ publiahed in The Englewood Enterprise, a newspaper ot general circulation published in the City ot Englewood, and take eftect and be in force upon the expiration ot tiTe days alter it .baa been finally published. smrrow 1. That it ia nece•aary tor the refunding proceedings herein provided to be canpleted aa soon aa possible in order that the aaid City may take advantage ot a reduction in the rate ot intereat on authorized Refunding Sonde or said City, therefore it ia hereby declared that an emergency exiat1 and that this ordinance i• nece1aary tor the immediate preservation ot the public peace, health and eatety, and it shall becane ettectiTe tive (5) days af'ter its tinal publication. INTRODUCED, read and ordered published this 27th day or November, A. D. 1950. (S E * t ) Chae. R. Allen Mayor l.T'r'Fsr: E!lnderaon City Clerk. P'IlULLY ADCP'l'ED AND APPROVED This 26th day ot December, A. D. 1950. (S EA L ) .A.T'l'F.ST: El!:Anderson. City Clerk. Chas. R. Allen Mayor P aaaed on First Reading by the City Council ot the City ot Englewood, Colorado, this 27th dlO' ot NOTember, A. D. 1950, and ordere d published in the 'Englewood Enterprise. Paae.. on F inal Reading by the City Council ot the City ot Englew cod, Colorado, thia 26th day ot December, A. D. igso. and ordered publi shed in the Eiiglewood Enterpriae. A.TTEST: First Publication NoTe.mber 27th Final Publication Decemb er 28th srA.TE OF COLORADO ) COONTY OF .ARAP All OE ) SS: CITY OF ENGIZROOD ) 1950 lg50. Cl4f~ MQ"Or I, E. E • .ADderaon, City Clerk ot the City ot EnglewOOd, County ot Arapahoe, State ot Colorado, do hereby oertity '1\at ~e aboTe and foregoing Ordinance was introduced and Read in tull, and on Resolution was ordered pu b lished aa propoaed Ordinance tor the Meeting ot WOTember, 27th, l950. held by the City Council on ••id Date and same was published November, 30th, . eoemb_. 7th, 1950. in the Engl ewood Enterpriee an d tor more than Ten Daya thereatter and at a aubae- quent ?.!eeting or the Ci ty Co uncil held December 8&th, 19~0. " A1f ORDINANCE jMENOING AND SUPPUMER'l'I1'G ORDIIUNCE •o. 18, SERIF.S 1948, OF THE CITY OF ENGLEWOOD, COLmADO, AUTHORIZING THE ISSUANCE or REP'UNDING WATER BONDS o• SAID CITY, AND DECLARIBG AN J!iIBRGENCl" • waa duly paaeed and adopted and published in the Englewood Enterprise in ita iaaue ot December 28th, A. D. 1950. aa required by the Statutes ot the State ot Colorado. ~au?« Citi Clerk. ~ I " I.:'