HomeMy WebLinkAbout1948 Ordinance No. 018.. r,·,
BY ~UT H Q.R!'l'Y.
0 R D I N A ~r c E No. ---------Mh. S E R I E S ot 1948. ---------
" AN ORDINmC E PROVIDil!G FOR TIDi: IS.5lJA?;c B BY THE CI'l"f OF ENGLEWOO D, ARAPAHOE
comm, CCLORADO, OF I TS w-...:GO TIA1 LL COt flON Bemus Di m . PRDlCIPAL .AllOUNT
Oll' .)2 • 000 • 000, TO BE D::lTCT .l INAT lID "RE'roNDDfG .'/A.T ER BO?TOO 1 " FOR 'IEE PUR-
POSE OF REFUNDmG A LI EE AI :OUlIT' OJ' OUTSTAlIDING, B0:'1)r:o n m:l3 TE::.tmss OF SAID
Crr'l, PRESCR IBDm THE FOR .1 OF SAID REFUND ING BONDS AND PROVIDDTG FOR THE
lEVY A.L~D COLLECTIO?-T Qli' .£UT AIDlUAL TAX AND '!'HE APPLICA'l'IGN OF NET REVENUES
FRCl.1 SAID SYSTU ~ TO PAY TII ~ SA!.IE , PRDTCIPAL AND IN'l'mm!l'
.'HEREAS , on the 8th day of October, U>48, a majority ot the taxpaying electors or the
Cit ~· ot Englewood, Arapahoe County, Colorado, voting at an election held for that purpose,
authorized the erection of a municipally own ed waterworka eyetem, and ap p~Ted Ordin111ce No.
12 of sai d Cit y adop ting a plan for t h e acquisition ot a municipally owned waterworks
syatem; and
.lHEREAS, such Ordinance providea for t t.c issua nce ot general oblleation bonds or the
City tor the purpose or acquiring such system; and
;-mru::AS , the Cit y Council has introduced an ordinance authorizing the issuance, trom
time to time as funds are required, .r ater Bond s of the City in a prbcipal BX!lount or ~2,000,
000 1 dated December 1, 194 8, Illllturine December 1, 1963, and redeemable any time atter
t hei r date; and
./HERI:AS, said Ordinance No. l2 adopting the plan tor the acquiai ti on or auoh ay11tem
proTides that said l/ater Bon d s will be refunded in order to extend :·the maturity thereof ,and
to reduce annual requirements for interest and principal; and
~IHEREAS, after this Ordinance is in efrect the City will have issued and there will be
outstandin~ a part of the total issue od said bonds; and
IBERF.A.S , it is deemed advisable to authorize the issuance of Refunding Donds to be ex-
chan ~ed tor such ori g intl .l ater J onds as may be iasued; and
REAS , b y a resolution duly adopted on the 22nd day or lfovembP-r, 1948 The City ,· ·
Council de t ermined to issue suc h Refun d ing Bonde and a certi:icate of such a determination
wa s duly made and entered in a n d upon th e r ecords or said City as required by law;
=~ IT OR DA.r :-:n ff{ TH CITY COill1C IL OF n r:: CITY OF ENGLZdO OD,
COLOM.JO :
SECTION 1. That by wirtue and in pursuance of' Chapter 237, Session Lawa of Colorado, 1921,
there shall be issued ne e oti able coupon bond s or said City, each to be denaninated "Refund-
ing .l at e r Bond'', i .-: th e principal anoun t or ~2 ,000,000, for the purpose of ref:.inding a
like emount of said .later Bonds of sai d City, vr hich bonds may be issued froo time to time a11
the needs or the ~i t y re qui re.
SECTilN 2. That the ii ayor and Cit y Clerk be and they are hereby authorized and directed to
haTe prepared negotiab le cou oon Refundinr: .later B onds of aaid City in such amounts aa may be
necessary to r efunJ .lat e r .J onds issued or to b e issued.
That a.Cd bonds hereby au~1 o ri zed ah a ll be neg otiable in form, payable to bearer,
b e dated ilcccn.ber 1, 1 048 , sh a ll oonsi at of 2,000 bond• in the deaanination of
l,t ~O ..mi, numbered 1 to 2 ,000 , inclusi v e , sbAll bear interest pa.va bl e semi-annually ·
on t he lat days of June anl Drcanbcr in eaok ye ar, an d sha ll cature on Decembe r lat a• fol-
l ow s:
Ye ar Amount Int erest rate
1 951 ~ 45 ,ooo. 00 2 3/41'
1 0G2 '16,000.00 2 3/4
1 1353 48 ,000 .00 2 3/4,J
1 '354 49 ,000 .00 2 3/4 i .
l 'J55 51 ,000 .00 2 3 /4 '!,
1 0 5() 53 ,000 .00 2 3 /4
1 957 54,000.00 2 3/4
1 958 5a ,oo o.o o 3 . .,
1 '3 59 58 ,000 .00 3,1,
1 960 so,o ·o.oo 3 ·' F'
1 961 ~.000 .00 3 !
1 962 65 ,000 .00 3,~
1 9 63 66, 000.00 3f,
1 9 64 68,000.00 3 ~
1 9 65 70,000.00 3 1/4
1 966 72 ,000.00 3 1/4 ·
1 9 67 74 ,000.00 3 1/4/'0
1 0 68 77,000 .00 3 1/4%
1 9 69 00,000.00 3 1/4 ~
1970 82,000.00 3 1/4
1971 85,000.00 3 1/4
~
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1972 ) sa.000.00 3 l/2fo
1973 00.000.00 3 1/2%
1974 94,000.00 3 1/2%
1075 97.ooo.oo 3 l/2fa
19 76 l00,000.00 3 1/2%
1977 103 .ooo.oo 3 l/Z'J,
1978 107 ,000 .00 3 1/2%
Bonda maturing i n the years 19 65 to 19 71, i nclusive, aball be redeemable at th e option ot
the Cit:,r on December 1, 1963 , and on any int ere st payment date thereafter in inverse numer-
ical order; bonds maturing in th e yeara 1972 to 1978, inclusive, aball be redeemable at -
the o ption ot t he City on Dec ember l, 1958 , and on sny interest payment date thereafter in
iDT erae nume ric a l order. Notice of redemtion prior to maturity aball be published in a ne••-
paper ot general circulation in Den v Pr, Colorado 30 days prior to the date of call, and a
cop y or such notic e ahall be ma ileJ to Peters, •,/riter &. Chrietenaen, Inc., an to Boettcher
&. Caapany, of De nver, Colorado .
The principal of s a id bonds 8Jld the intere st accruing thereon shall be payable in lawful
money ot the United St Rtea or America, at the office ot the City Treasurer. in Englewood, Colo-
rado. and said bonda ah&ll be signed by the t :ayor, Countersigned by the City Treasurer, with
the eeal of s aid Ci ty atfixed thereto, and attested by the City Clerk of said City. The inter-
est aoo ruins on s a id bond s sh a ll b e c videnO Pd by int erest coupons thereto attached, bearing
th e fac simile signa ture of t he City Treasurer, and when ao executed suoh coupons shall be the
bindi~ obli gations ot the City according to their import.
SE<n'ION 4.
tollowing
Said bon ds and the coupons to be attached thereto aball be in substantially the
rorm, to-wit:
mrIT·J) srAT :T..S OF Al.:En ICA
STATE OF COLORA:l) COUN11Y OF ARAPAHOE
CITY OF ::T GLr. ·, lCX)D
R:..FmIDDTG ,/A.TLn OOND
""o . 0 1,000
The City or '!!.'nglewood , in the Coun ty of Ar1'>aho e and State ot Color a<k>, for value
reo e iTe d, hereby acknooledge s itself ind 0bted and promise• to pay to beare r the sum ot
ONE TII011'SAND DOLLARS
in lawful money ot t he United States of Amer ica, on the lat day at De cembe 1·, A. D. 19 ,
with interest thereon f rom the date hereof at the rate ot per centum (__::J'f
per annum, payab le semi-annually in like medium on the tirat days of J~e and December in eaoh
year. aa evi denced by interest coupons hereto attached, both principal and interest being pay-
able at the office of the City Treasurer, in-Eng lewood, Coler ado, upon presentation ot said
coupons and this bond. respectively.
(The followi n g clause to be inserted in bonds maturing in the years 1965 to 1971,
illcluaive.)
Thia bond is redeema ble at the option ot the City on December 1, 1963 and on any
intereat payment date thereafter in its inverse numeric a l order in the isaue ot which it i• one.
(The tollo~i n g clause to be inserted in b onds maturing in the years 1972 to 1978,
inclusive.)
This bond is redeemable at the option or the City on December lat, 1958 and on 8f11
interest payment date thereafter in its inverse numerical order in the issue of which it ia one,
This bond is ifEued by the City of I~ngler1ood, Colorado• for the purpose of paying
wat er bonds of sai d Ci t y , under, by virtue of and in full conformity with the provisions of' an
Act or the General Assemb ly of the State of Colar 11do, entitled: " An Act to enable cities and
towns to refund t he ir bonded indebtedness," approved Harch 16, 1921, being Chapter 237, Ses-
sion Laws ot Colorado, 1921, and pursuant to an ordinance adopted by the City Council of said
City at a lawfu l meeting thereof, held prior to the isauanoe ot this bond.
It is her 0 ~y certified and recited that all acts and thing s required to be done and
conditions and t hi ne a required to exist precedent to and in the issuance of this bond to render
the same l a7 ful an d valid , have happened, been properly done and performed, and did exist in reB
gular and due time, form and ma nner, as required by law, and that the total debt ot said City,
including that of t h is bond, exceeds neither the statutory nor the constitutional limitations
or the State of Colorado ; that said total debt is not inoreaaed by the issuanc e hereof, and that
proYiaion has been made for the l evy and collection of a direct annual tax on all the taxable
propert y in s aid City and for the application of net water revenues of the waterworks sysytem
ot said City sufficient t o pay t he int erest on an u the principal ot thta bond as the same re-
spectively come due .
he full faith and credit of th e Cit y or Englewood are hereby pledged for the
punotual payment of t he principal of and t he int erest on this bond.
m ~/ITN~S \llC R =c F , the City of : .. :nglewood, Arapahoe County, Colorado, has caused this
bond to be signed by its I.:ay or, count e rsign ed b y it• City Treasurer. sealed with the corporate
seal, attested by its City Cle r k , and has c a used the annexed inte rest coupons to be executed with
the facs im ile s if'J'lature of i ts Ci t :r Tr easurer, as 01' the lat day of Dec mib er, A. D. 1948.
(S :3 A L)
'l'l'E91':
Ci t y Cl er k
:u ayor
COIDTTJ 'RSIGWm ;
City Tre asurer.
~,-A r:s l . ,~·~ Wl "'.l .... l .•. P
:•1 /f.r-n .. ,,J
(Form ot Coupon )
o. -~--~~----$*'' ----6
June,
On the tirat day or December, A. D. 19 , •(unle•• the-bond to which this coupon is
attached he.a been called f or prior redempticaT the City of Englewood , in the County ot Aft-
pahoe and State or J olorado, promises to pa y to the bearer
--------------DOLLA.RS
in lawful mone y ot the Uni ted States or America, at the ottice ot the Cit y Treasurer, in Engle-
wood, Colorau, being six mo nths• intere st on it• ne tunding l'l ater Bond dat e d December 1,19'8,
bearing
1fo. -.. -
t.. (.Facsimile Signature )
City ~re .. urer •
•(Thia Clause to be inserted in cpupons due June l, 1959 and thereatter attached to bonds matur•
in in the years 1972 to 1978, inclusive, and
This clause to be inserted in coupons due June l, 1Q&4 and thereatter attached to bonds ma-
turing in the years 1965 to . 1971 , inclusive. )
SECTIOll 5. 'l'bat when iAued, the Refunding fh ter Bond• herebr authorized ahall be ia•ued to the
purchaaera or the original water bo nds in exchange, dollar tor dollar, tor the bonda to be re-
tunded and the Retunding Water Bonda ahall not be iaaued until outstanding ·wn ter Bonda in a like
,ount he.Te been called in and cancelled and all accrued interest on •aid bonds ahall be paid ·
bet9re such Refunding \l ater Bonds are issued in exchemce theretor •
• SZCTI C ~ e. ~or the purpose of paying the interest on and prinoipal of said bonds, as the aame be-
ccme due, there shall be levied on all the taxable property in aaid City in addition to all other
taxea, direct annual taxes in each of the years 1949 to 1977, inclusive, amounts which shall be
sufficient to pay one year•a intere st on all of aaid bonda ouDatanding and ~o pay the installment•
ot principal as they become due, respective l y, Said taxea, wh en collected shall be placed in a
tund to be called the " Hnter B ond Fund", and said taxe• ahall be ~plied solely for the pur-
pose or the paym Pnt of s 'l id interest and prioipal or said bonds, reapectively, and for no other
purpose whatever until the bond• authorized under this ordinance, principal and interest, •hall
baTe been tull.y paid, satisfied and discharged, but nothing herein cont s ined shall be so constru-
ed aa to prevent said City rroo applying water revenuea and any other funda that may be in the
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treasury ot the City and available fo r that purp ose to t h e payment or the ae.id interest or prin-11
cip 'l aa the &&le res pectively mature, and upon auoh application the levy or levies herein pro-,
Tided may thereupon to that extent be deminiahed. 1
Sl!X:TIO~ 7. Notwithatanding the provisi ons tor tax leviea, bereinbetore set forth, the net reT•-
nue• ot the waterworks system ot the City ahall be applied in the payment ot the interest on and
principal or the bonds authorized herein. Such net zieyenue is detined ae the income and revenue•
remaining atter paying the reasonable costa and expen••• or maintaining and operating said ay1tem.
Upon the applioation or such revenues, said tax levies ahall be reduced to the extent ot the re-
Tenuea s o applied. The gross income an d r • :venue a or e aid ay.,em ahall _ be placed in a separpe ·
tund to be known as the "Water Fund". Atter paying the ooeta and expen•e• ot the ecomical and ett1-
cient operation and maintenance of the system, all other income and revenues of said system alaall
be placed in said Nat er Bond F und and ahall be applied only •• in thi• Ordinance provided.
SECTIOJf 8 1 .A.t'ter proYiaion tor the payment in any ourrent tiaoal year ot the interest on and
principal or all bonds is s ued p\.irsuan t to this Ordinance, all remaining net revenues ot aaid ay8'em
ahall be placed in a seperate fund to be known aa the "''l ater Bond Reserve Fund"• 11ntil the •o11Jlt
therein 1• aut"tioient to pay the intereat on and principal ot eaid bon4• in th-; next ensuing tisoal •
year. Such Re•erve fund sb~ll be maintained until the amount therein is eufficient to pay all out-
st ~n d ing bonds authorized herein and the interest on such bond•. It it shall become necessary to
withdraw moneye trom aaid Re serve Fund to meet current inatall11um•• ot interest or prinQipal ot
said bonda, the amount • ao withdrawn ahall be reatored in the next ensuing fiscal year. Atter the
accumul ation ot said Rese l"Te Fun d, any net revenuea rrcm •aid •1•t1111 IUl7 be applied in the pay-
11e11t or intereat on or principal cit water or water refunding bonds hereatter authorized, tor tbe
purchase or redemp tion or bonda authorized herein or tor ~roving or extending such system, aa
determined by the City Council, All net revenues ot said •1•tem not immediately necessary to meet
ourrent installment• or interest and principal on outatanding bonda may be invested in d'rect ob-
ligation• or the United States of America, and any intere•t theretran ahall be placed in said Water
Bond Fund . .
• ICJI 9. 'l'be Refunding .·later Bonda authorized hereby, both u to principal .and intereet,
aball constitute an irreYocable charge u po n and againat tbe net reTenuee of the waterworka system
or the City ot Englewood and shall constitute a tirat and exoluaive lien thereon. Nothi~g herein
contained ahall prevPnt the City or ~n glewood from iaauing sdditional bonds which may constitute
a charge or lien against the net revenuea or a a id waterworka ayatem; provided, however, that the
lien created tor t he payment or such bond a ah all alw&J"• be and remain subordinate to the lien
created against said net revenues tor the payment ot the bonda authorized by this Ordinance •
. SECTI01' 10. lbile any of )he bonds herein authorized remain• outa•anding, the City shall e•-·
tabllsh, maintain and enforce · rates and cbarnes tor all aenioe rendered by eaid syatem, which,
together with the ?roceeda of tax leTiea hereinbetore apeoitied, ah.all be autticient to pay the
costa and expenaes ot maintaining and operating aaid 1yatem, to pay th c int ere at on and princi-
pal or all bonds iaaued hereunder promptly when and u •be aame become due and payable and to
acoUJDUlate said Reaerve Fund .
:1
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SIO'l'IOI' ll. The City ahall render monthly or quarteraaual bill• to all oonsumers or water
trcm said system, and if not paid within 10 day• atter being rendered aaid bills shall beea11e
delinquent. U any bill be not paid in full within 30 dqa atter being rendered, service to the
delinquent property ahall be discontinued.
That the City ot Englewood hereb7 oovenanta and agrees with each and every hol-
bond iaaued hereunder:
(a) That ao long as any ot the bond.a iaaued hereunder remain .outstanding, the
City will maintain said waterw~rka ayat cm in good oondition and operate the same in an effici-
ent manner and at a reasonable cost.
(b) That so l ong as any or the boada 11aued hereunder remain outstanding, the
City •ill maintain insurance on said system tor the benetit of the holder or holders ot aaid
bond.a, o~ a kind and in an amount which would normally be oarried by private oorporationa en-
gaged in a similar type of busine••• The proceeds ot any auot lnau.ranoe received by th e Cit7
b7 reason or injury to or dratruction of or partial destruction ot said system, or any part
thereof, shall be used to re pair or re p l ~ce that part or parts ot said system so injured or
deatrored, or, i f not ao used, or if there ia a balance remaining at~er such use, such prooeeda
or the balance thereof sha l l be place d in and be aubJect to the provisions or the Englewood wa-
ter Bond Fund herein created.
{o) That the City of Englewood will keep proper booka, records and accounts,
aeperate trom a l l other records and account•, in which oomplete and correct entriea ahall be
made or all transactions relating to the waterworks system. SUoh booka and accounts shall be
kept aa nearly as may be in accordance with the rules and regulations established by the Colo-
rado State Pu blic Utilitiea Commission for privately owned utilit1ea. At least semi-annualiy
•bile any ot the b onds hereby authorized are outatend and unpaid, the City •ill furnish to P~ter•,
riter & Christensen, Inc. and 3 oettcher & CompaD)', ot Uenver, Colorado, a summary of the re-
ceipts and dis bursements of said system tor the preceding aemi-annual period, and at ~east OJlOe
a year ahall furnish said firms, or their aucceaaora, a copy ot an annual audit of the accounts
of said system, which audit shall be made by a competent accountant acceptable to · said firm8.
(d) That the owner or owners of twent1-tiTe p8l"cent in aggregate principal a-
lllOUJlt ot the bonds 1 osued hereunder and at any time outstanding or their duly authorized repre-
aentat1ve s h 1ll have the rieht at all reasonable time• 'o inspect the system and all recorcla,
aocounts and data of the City of Englewood relating ~ereto, and upon request, the City ot -1.e-
wood •ill furnish to such bondholder or bond.holder • auoh tinancial atatementa and other intor-
mation relating to the waterworks system aa such holder or bol4era may trom time to time reaaona-
Jly require.
SECTIOll 13. That the City or Englewood hereby coTenants and agreea •1th the holder or holder•
ot the bonds hereby authorize4, or any of them, that it will taithtully and punctually pertol"m
all dutiea with respect 'o said waterworks system required by the OOJlstitution and la•• ot the state
ot Colorado and the ordinances of the City or r~lewood 1 including the making, collecting and
enf'orcing ot rates for service rendered by ea.id sratem aa hereinbetore provided, and will se.-
regate the r evenues of said syst em and apply th~m to the reapeotive funda created by thia ~
dinance.
SECTION 14. The City covenants that it will not alienate aaid ayatem or my part thereat, or
any of the extensions or bettermmts thereof or adclitiona thereto, in aich manner or to such ex-
tent as might prejudice the aecvity tor t h e paymmt Ot aaid bonda, but the City may aell any por-
tion ot said syatem or property which shall have been replaoed by other property ot at leaat
equal value or which shall ceaae to be necessary tor the ettioient operation or aaid .,., ... pro-
vided, howev e r, that in the event of any sale aa atoreaaid, the oonaideration ahall be paid in-
to said Water 9 ond Fund, to be used for the purpose• ot aaid tun4. 'l'he City further coven.ta
and agree• that it will continuously operate aaid •Y•tem and will charge and oolleot renta, ratea
and charge a tor senice rendered thereby, so that the groaa rewnuea and the prooeeda ot tu leT1-
ea ahall at all timea be sufficient to provide tor the pa)'llalt ot the operation and maintenaoe
ot said ayat em, the principal or and intereat on aaid bond• and to maintain the Water Bond Re-
aerve Fund herein provided. Any holder ot any one or more ot •aid bonda or any ot the ooupcma
representing int e rest thereon, may, either at law or in equit7, by auit, action, mand.ama or t!ler
appropriate proceedings, in any court or competent juriadiotion, protect the l.t6n created b7 th1•
Ordinanoe upon the r f"venues of S 'id waterworks ayatem, and mq, by suit, action, mandamus or other
appropriate proceeding, entorce and compel the pertormuoe ot llD)' duty impoaed upon said Cit1 by
the proviaione of th1• Ordinance, including the making ad ool~oting ot sutfioient ratea and
charges and the segregation of the incane and rcvenuea ot aaid a7atem aad the proper applioaticm
thereof.
SECTIOlf 1.5. That the bonds authorized to be iaaued hereunder am trcm time to time outstanding•
ahall not be entitled to any priority one over the other in the application ·ot the reTenues ot
said waterworks ayetem, regardless of the time or time• ot their iaauanoe, it being the intention
ot the City Cou nc il of the City of Englewood ~at there 8ball be no priority among the bonds au-
thorized to be issued pursuent to this Ordinance, regardleaa ot ~e tact that they may be ac~uall7
iasued and J ellvered at different times.
Sl!Xn'IOW 16. Th a t the provisions of this Ordinano~ ahall oonatitute aD tirrevecable contract be-
tween the City . ot Englewood and the holder or holdera ot the bond• issued hereunder, and atter
the issuance or any ot the bonds hereby authorized, no obance, variation or alteration ot any kind
in the provisions or this Ordinance shall be mad e in any aanner until auob time aa all ot tile bond•
issued hereunder and th e interest ac cruing thereon ahall haTe been paid in full, except that the
City may fro m time to time adopt ordinance aupplementar:J Mnto, dealing with the management and
operation or t h e syatem; provided, however, that the proTi•iaaa hereot shall not be so altered or
changed as to affect adveraely th P. security hereby pledged to th~ payment of the bond• hereby au-
thorized to be issued.
SECT I<m __ 17. Tba t aai d bond• authorized as be rein proT14ed • when duly executed and dell Tared tor
the purpose ot refunding the outstanding bond• hereinbetore deacribed, shall constitute a warranty
by and on behalt ot th e City tor the benefit ot each mad eTery tuture holder ot any ot said bonds,
that said bonds have been issued tor a valuable consideration in full conformity with law. That
the ofticera of the City or Engle Hood be and they hereby are authorized to execute appropriate fi-
nal certific a t es , c ertifying as to the tacta and relating to the execution and delivery ot the
onda and the a bs ence or litigation, pending or threatened, attecting their valldit7 •
../
SECTIOI' lS. That if any section, parag raph, clause or proY1a1oa or thi• Ordinance ahall, for 8111
r eaaon, be held inv ~lid or unen:rorceable, the inTalidity or unentoroeability ot such section,
paragr-s»h. clause or provision shall not atf eot 8111 or the r•aining pro•iai ems ot this Ordi-
nanoe.
SECTIOlf i.g. That all ordinances, reeolutiona and orcl9Pa, or part• thereof, in con:flict with
the proTisions or thia Oltdiname, are to th e extent ot auch oontlict hereby repelled•
SF.CTIOW 20. That this Ordinance. after its introduction and reading, be published in full in
Englewood Ent erprise, a newapaper of g e neral ciroulatioa published in the City or Englewood, in
ite issue or Decem.b et-2, 1948, and after ite final paAage ahall be recorded in a book kept
tor that purpose, ahall be authenticated by the aign ature a ot the L1ayor and City Clerk, ehall
be !'inally published in the En g lewood lmterpriae, a newapaper ot general circulation published
in t he ~tt y ot Eng lewo od, and take effect and be in torae upon the expiration ot f1Te da7a atter
it hae been tinall published.
------·· 21. That it is neceaaery for the refunding pl'OOH4inga h_.ein proTided to be OtBPleted
•• aoon aa poeeible in order thl!lt tile eaid City may extend the time ot paying it• outstanding
indebtedneaa, ther e fore it is hereby declare d that an emergeney exieta and that thie ordinence
1• neceaaary tor the immediate preservati on ot thP publia peaoe, health and safety, and it ahall
b eoome ettective five (5 ) days after its publication.
INTR OOOCED , read mid ordered published *hi• 22nd day or November, A. D. 1~8.
~£4LL
Mayor
(S E A L )
.l1'I'ESr :
l"INNALLY ~ AND APPROV:3D 1'h1• mJ! day ot December , A.D.1948.
{!_t_._ ~ dL4
M•or
(S E A L )
A~.m:
ir•t Publication Decem ber 2nd, 1948
Last Pub lic ation Decemb et-15th 1948.
Sl'UE OF COLORADO )
0001'TY OF ARAPAH OE ) SS
CI'l"l OP' ENQLS,'fOOD )
I, E. ~. Andereon, City Clerk and Recorder ot the City of Englewood.
County of Aftpaboe, State or Coloredo, do hereby certity Uu .. t the above and t'oregoing Ordiname
was introduced a nd read in t'ull, and on reaoluticm was ordered published as .a proposed or-
dinmoe tor the meeting or NoTember 22nd, 1948 Held by the Council on said date and aape waa
published. Dec emb er 2 n d, 1948 in the Englewood Enterpriae • and tor more than Ten Daya there-
atter and at a aubaequent meeting of the City C~uncil He ld December 13th, 1948.
"AN ORDINANCE PROVIDING FOR THE ISSUANC E BY 'l'HE CITY C. mfCU:WOCD • ARAPAHOE
COLO RADO ' OF rrs NEGOT IAB LE COUP ON BONDS m '!H E PRI1'CIPAL AMOUNT OP'
TO BE DENOL1ITI'A'f"'..J) "RF.FUNDING ~ATER B01'DS" ," l"OR THE PUHPOOE OF REFUNDING
LIKE Al !CUNT OF OUTS!'fJTDING , BONDED INDEB'l'EIJllJESS OP' SAID CITY• PRESCRIBING '!'HE 1"0114
OF SAI D R:s~~DING BCNDS A.1.'l u PROVIDING F OR 'IYI E U.Ti AN D OOLIECTION OF J.N ANNUAL TAX .l1fD
.A??LI CATIOlf OF ?f:~1' IL.pVJiWES FRC!tl SAID SYST~11 'l'O PAY THE SAUE, PRINCIPAL AND Ilfl'ERESl'.
irat Publication
Last Publicat i on
December 2nd •. 1948
Dec em ber 15th 1 948
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~"'01'11 Clerk-~---
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