HomeMy WebLinkAbout1935 Ordinance No. 002B Y A U '!' H 0 E. 1 T X
u R D I N A d C E NO. 2 S E R I E 2 0 F 1935.
N ORD IJAd CE ?hO VI DI JG FO R :He CO ~STRUCTION AND ACQU IS IT ION OF A
G.H CI?AL v.A T i~Rv.o :-:K .s SYS 'I'ET1 FO ":.i ':'HI; CITY OF E i~GLE\\OO D, COLORADO; AUTHOR-
IZii'lG A.{D ,i'WVIDLJG 1' 0 ~ 'l'l IE I SSULlCE OF $410, 000. 00 \'i ATE RW ORKS R E VE~.JUE
BONDS OF THE CITY OF E1~G L EWOOD F OR TfIE PUR POSE OF DEFRAYING TIIE COST OF
SUCII C01~STRUCTION AND AC:.uISITION; ?RES CRIBING THE FORM A1'iD OTHLR DETAILS OF
SAID BONDS ; PROVIDI!'.JG F OR THE COLLECTI 01{ AND DI SPOSITIOi.J OF 'I'HE REVENUES
70 o E DERIVED FR OM SUCH WAT ERWO RKS SYSTEM; MAKING OTHER PROVISIONS V\ITH RE-
SP ECT T0 ':dE AC QUIS ITI ON AND CJ P ERA TI O ~ OF S.A ID WA T F~RWO RKS SYSTEM .AND THE
ISSUA~CE OF SAID BO NDS; PROVIDL.JG FO R TH E PAYMEL{T OF SAID BuNDS; AND DECLAR-
ING AND EMERG E.-IC Y.
,IIERE AS , the City (f orm e rly the Town) of Ene lewood is a p ubli~ municipal
corpor a t ion organi ze d a n d e xisting under e nd by virtue of Chapter CIX of the
General Sta tutes of t h e St a te of Color ndo, 1 8 8 3 ,.a nd all amendments thereto
(Chapter CLXXIII, Compiled Laws of Colorado, 1921) and h a s so existed since the
12th day of ~ay , A. D. 1903, ~nd 11ow possesses and exercises all of the
rig h ts, powers a nd orivileg es belong ing t o cities of the s econd class in the
Sta te of Color a do ; a nd
·,,HEREAS , the ter ritor y '11-it nin the cor oor a te l imits of s aid City lies
south of a n o is contiguous to t he boundaries of that public or municipal corp-
oraticn in the S t [te of Co lorado known as the City and County of Denver, organ-
ized under ~he provisions of Article XX of the Constitution of the State of
Co lorado , nnd is partially supplied with wa ter for fire, domestic r nd other uses
by said City a nd County of Denver tnr ou gh a d istribution system owned by the
City of Englewood ; and
:HERE AS, the City of En glev .. oou c..nd the inhabitant s thereof are now supplied
wi t h electricity for l i ght, h e a t and c ower ~ur o oses by means of a dl s t rlbution
syste m, c on sistia ~ uf oole s , ~ir es a nd other appurtenonces, owned by Colorado
Central Power Compa ny, a Delaware corpor a tion, onera ting under a twenty-five
year fr anc his e g ranted b y Ordina nce ~o. 5, Series of 1920, passed a nd approved
t h e 11th day of October, A. D. 192 0 ; the City in sa id franchise reserving the
right to ~urchase or c o nd e m.~ the pla nt or s ystem of the g rantee wi thin the city
limits, n t its a ctual v a lue and a t a price excluding a ll v a lue of the franchise
or r i~hts -of -w ay t h r o ugh t he stree ts , r venue .s , alleys a nd public place s of the
City; a n d
iII EREAS, the General Assembly of the Stri te of Colorado, by an Act approved
a nd in force Febru a r y 18, 1935, being Chap ter 180 of the Laws of 1935, Senate
Bill No. 275, rel a tin6 t o the ~c q uisition, construction, oper a tion, maintenance
and fin an cing of publi~ "orks, has decl a red it to b e the policy of the General
Assembly , i n d efense of the State, to re l iev e t he .1e edy and destitute citizens
of the S t a te fr om wa nt a nd p riv a t i ~1 1, b y authori z int the oolitical subdivisions
or 0 ove r nmental t~ge11cles of the S t a te , inc l uli1 n 6 cities, to undertake programs
of work relief by t he ~c q uisition, construction, extension, repa ir and improve-
ment of any JUblic ~orks o r oroj ect s not or oh ibited b y the constitution of Colo-
r ado ; a n d hes a ut h oriz ed such publ ic coroor <1 ti ons, including cities, a cting by
their re spective ~overniab bou ies or legislative a uthorities, to contract for
t he ac iuis i ti on or c on structi on of a ny ~ublic utility a nd to evid ence a ny bor-
r 0wing in c 0nnec ti 0n therew itn by the issuance of revenue bonds to be paid solely
fr om :.ne e a r .lings u f t.he uroject , and to secure s uc h revenue bonds by a oledge
f s uc h ear,1in~s , the i s~un nce of suc h revenue bonds in no even t to be deem~d
the incurrint, uf a n inde bt ed ne '3 s within t he te rms of the constitution o f the
State of Color nd o , and to fix , l e v:r a nd c o llec t fe es, rents, tolls or other
c:ia rge .3 for the use of or in c onnection with E"iny s uc h publi c utility a nd to pledge
all o r any ~a rt of ~uc h fees, rents, toll s o r other cha rges t o the punctual
pa yment of nny o bli c~a ti c ns , issued to evi d ence a borrowing for s uc h public utility
ld the in terest t !'lc r eun; a nd
WHEREA S, it ts Llov, deemed :u vis P bl e :nd to the best intere J ts of the City of
En g l ewood , to a c q uire , own r·nd ooer n te its own wa ter s ystem for fire, do mestic and
a ll e ther la~ful u ses , in or d er th ~t the ent i re territory withi n the corporate
limi ts o f the City may be furnished wi th nn adeq uo te s u pply of v;a ter; and
wdIEREA S, the acq u.!.s it ion and oµer[-i.tl un of a s uit ci ble wa terw o rks sys t em for
the City of Enbl e v:ood vlill re <1 uir e t he ac qui s ition, c onstruction, ownership and
~e r a ti o n uy ~he City of a pla nt for t h e 0 e n c r a ti 0n of e lectric energy for pumping
nd other nece~sa r y ':Ju wc r pur oo9es , \' n ich >l 1-1 11t will be suitable f or the genera-
tion of electr i c e nerc;y for sa l e t v the Ci ty ·n d its l nha bitDnts for municipal
and _eneral d wmest ic ~u r~ose s; a nd
\rHEREAS , it is c c.mte m Jl n t cd thn t l a the .1eE •r future the city may acquire the
above de~c ri oed e xi siting e lectric d i str i butlon system, or c on struct or acquire
a 3imila r system , a nd , in c:onjuncti on \.it i the ..,ower ·Jlant to be acq uired a nd con-
struc t ed ~' s n pa rt o f its v.n ter sys tern , own a nd ope r in:e t h e whol e a s a c ombined
wat erw orks and e lectr i c li 0 h t a nd )O\"er :>l a nt a ad system ; a nd
;,IfEREAS , in Jurs ua nce o f the g eaernl ola n a n d purpose of. the City of Engle-
ood , as hereinbefore reci t ed, i t is no w d eemed advis e ble 6nd to the best interests
o f ~he e;ity t o c uns t ruct nnd a c q ul r e n ni unic i al water wor ks 2ys Lem for said city
s o n s to ~r ovi de <.H td a d eq u n te s u only of' wn ter for s n id cl ty [.~1d its L1h a ui tan ts
t .::eflsona ble r a tes , sa id s yste n. to c on q ist of' v.ells , nu r i f ic.:a t i on pl a nts, aerating
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units, mixin.; and coae;ul o tint.. basins, filtr a ti on units, res ervo irs, pump-
ing stvti uns, d ischarge mains, elevated tanks, d istribution supply mains
and n 11 equipmC'.1.t :and app urtenances usetl or u qeful in connecti on there-
with or us e ful 1...1 supp 2.ying water to said city o:id its inhabi tnnts; and
~IIBREAS, in the c xe r clse of ~he n ut nu rity conferred u pon said city
by the c < .... nsti tu ti on vnd l av1s uf Lhe St n te of Color a do, and par ticularly
by sa id Act of the General Assembly of the Stvte of Colora do approved and
in f orce Febru'ry 18, 193 5 , hereinbefore r eferred to, it is deemed a dvis-
able for said city t o issue its reve nue bonds ln \..h e cigg regate a mu unt of
410,0 00 ,00 for the pur pose aforesaid:
OW , THE ~EFORE , Be It Ordained by the City Counc i l of the City of
Englewood, Arapaho e Count y , Color ci do:
SECTION 1. That for the pur p ose of a ttaining the objects hereinbefore
recited t h e City of Englew o od construct vnd a c quire a municipa l waterworks
system for said City pursuant t o the ?r evisions of Senate Bill No. 275,
being Chapter 18 0 of the Acts of the General Assembly of Colorado, 1935,
and that for the ~urpose of d efrayine; the c ost of suc h construction and
acquisition there shall be ar id there are h ereby authorized to be issued,
410 bonds of said City, to be known a s "Waterworks Revenue Bonds," in the
total ~riac io al amo un t of $410,000.00, which bonds s h all bea r date of
July 1, 1935, s h all be in the u en uml nation of $1,0 00.00 each~ shall be ·
numbered consecutively from 1 to 410, inc l usive, sha ll be ar inte rest at
the r r te of five per cent. (5%) pe r annurr., paya ble July 1, 1936, und semi-
a nnually t herev fter on Januar y 1 and July l of each year, shall be sub-
jec~ to redem 0tion as her eina fte r provided, a nd sha ll mature serially in
numerical order on July 1 of each year, as follows:
1 938
1939
1 940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
19 51
1952
1953
1 9 54
195 5
1956
1957
1958
1959
1960
. $ 7 ,oo o. s,ooo.
9,00 0.
11,000.
12,000.
1 3 ,000.
14,000.
15,000.
16,ooo.
17,000.
17,000.
19,000.
20,000.
21,000.
22,000.
23,000.
24,000.
25,000.
26,000.
27,000.
27,000.
28,000.
9,000.
Said Vrn t ri r·v,o rks Rever1ue Bonds shall be redeemr.ble, cl t the o pt ion of
tne city , in ~h e r eve rse order of t neir number, on the first d ay of July,
A. D. 1945, or on eny inter es t oayment d a te thereafter or i or to ma turity,
upon not l es s thar1 thirty (30) d ays ' p r io r notice to the holders the r eof,
at a price e c;ual t u the principal amoun t there of plus interest e.c crued there-.
on to '\.h e rede mpt i o.1 d at e. Notice of redemption s ha ll be gi ve Ll by the City
Tre a surer in the n Rm e of the city, by pu bl ication o f such n ot ice a t least
once in e: c h c alenda r v;e ek, on a ny da y of t!le we ek, for a t le a st four suc-
cessiv e wee ~s nrio r to the redem otl 0n d~t e, in A ~Aily ne~spaper oublished
and of ~en eral circulation in t he City a nd County of Denver, State of Colo-
r adc , suc h .ublicntion to be made not less than thirty (30) days prior to
the redem'>tion date . Such notice s hall specify t he numbers of the bonds
s o t o be redeemed (if less tnau al: are to be redeemed) and the d8t e fixed
for redem p tion, and shall f urther sta Le that on such date there will be-
c 0 me due a nd 9aya ble u pon e a c h bond so to be redee med, a t the b ankin 6 house
of The Color a do National Bank of Denver, in t he City a nd Co unty of Denver,
St nte of Color r d o , the 9rincipal thereof to g ether with accru e d interest
to s uc11 d ci te, and th&t f r om a!ld after such date interest thereon will cease
to acc rue. In tne event tha t the city shall e ~ercise its rig h t to redeem
any of the b onds of this issue , it wil l, prior to the r e demption d ate , de-
posit wi t '1 The Colorado Nationn l Ba nk of Denver, a sum of money s ufficient
'>C'J t he b on d s so called for redem ot ion. Notice ha vini:, been g iven in
t he rr.anner ne reinbefore ·1rovided, the bonds so called for redem p tion s ha ll
ec Lme ~ue :nd pa yable 0n the re dem ~tion da te so designated, and upon
pre s entD tiun the!·eof t: t the bank int; house of The Colorad o National Bank of
Denver, to b ether with al l aopurtenvnt coupons, if any, maturing subsequent
~o ~he redem pt i~n dat e, the city will pa y t he bonds so called for redemption.
Said Waterworks Rev enue Bond s shall Le fully ne go tiable and shall have
al l t he qualitie s o f neguticible >Jape r, <:ind t he holder s thereof shall enjoy
all rig .YLs eL1j uyc.ble by the hold e r s of ne g otiable instruments under the
~r e visi o ns of the ~egotiable Instrument Lew . Both princi pa l Pnd interest of
said bonds shall be oatd i n l av.·ful r1o ne y o f the United StE•tes of America at
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The Co lor ado Na tiona l Bank of Denver in t he City and County of Denver,
S tat e of Colora do. Said bonds shl:ll l be signed by the Mayor of the
City of En g lewood , s ha ll be c ounters i gned by t he City Treasurer and shall
be a ttested by the Ci t y Clerk under 7he City s eal, a nd the interest
c oupons attached t o s aid bond s s hD ll be executed with t he f a csimile sig-
nature of the City T r e~s urer, which offici a l, by the e~ec ution of said
bonds , shn ll t•d o >t as ~ n J. for h l s uwn 1ro pe r ~i t,n u ture hi s facsimile
signature apoea ring on s a id coup.e ns. All of said bonos together with
the intere st t he re on s ha ll b e na ya ble ou t of the "W a t e rworks Revenue
Bond Sinking Fund " here ina fte r created, and out of the fixed amount
of the 5 ro ss revenues of s a id vrn terv.orks system pled g ed to said fund.
SECTION 2. Th a t u ou1 1 .Jresentu tion at the office of the City Treasurer
of t he City of Eng l ew ood of a ny of said bonds, such bonds may be registered
as to princi pa l in t he name of t he ow ner thereof un the books of the
Tr ea surer to ~e kep t for tha t Jur pus e in h i s office, which re g istra tion
shD ll be noted un t he r eve rs e side of the bonds by the Treasurer, and
the reafter the pri~~ipal of b onds so registered shall be payable only
to t he ree.~iste red holders, t h e i r le ~a l r epreqentn tives or assi gns. Bonds
so r e ~istered may oe t r ansfer re d to o ther registe r ed holders or trans-
ferre d to bea rer u po n p resentation to the City Treasurer with a legal
assignment uuly a cknowledged or proved. Re g is t r a tion of a ny of said
b onds as to 0rincipal shall not a ffect the negotiability of the cou pons
theret o a ttached and· said c ou ;ions s hall c ontinue to be transferable by
delivery.
SECTION 3. That s a id b onds a nd cou ,lOns, ond the re g istration
blcnk to appea r on the ba ck there o f, sha ll be i n substantially t he fol-
lowlng form:
~umber
(Form of Bond)
UNITED STATE S OF Al4ERICA
ST ATE OF' CO LORADO
COUNTY OF ARAPAHOE
CITY OF R~GLEIOOD
~ATER~OR K S RE VENUE BO ND.
$1,000.
Kl.'10W ALL MEN fil THE SE PRES ENTS , Tha t the Cit y of Englewood, in the
Co unty of Arapaho e 8nd State of Co lor a do, for value received, hereby
pr om ises to nay to bea rer or if this bond be registered, t o the registered
hold er hereof , in t h e manner her e inaf ter provided, t he sum of One Thousand
Dollars ($1,000) on t n e f ir s t d ay of July, 19~, And t o 9ay interest on
s~id sum f r om the da t e hereof until pa id n t the r a te of five pe r cent.
(5%) per a nnum, paya bl e July 1, 1 93 6 and sem i-annually there a fter on the
first days of J anuary nnd of Jul y in eA ch ye a r u po n 9resentati on and
s urrender of the anne ).ed interest cou oons as t h e same sev erally mature,
both princi pal a nd interes t being pa yable in l aw ful money of the United
Stbtes of Ameri c a , at The Color a do National Bank of Denver, in t he City
and Co un ty of Denver , St a te of Colorado.
This bill1d is issued by ~he City of En g lewood pursuant to ordinance
duly ena cted fo r the •)ur no se of def r ayin g the cost of constructing and
acqui ring n mun ici :J~l wa te r works system for said City under and in full
com ol iance with the Cons tituti on a nd Statutes of the Sta te of Colorado,
lnciuding among others Sena te Bill No. 275, bein g Chapter 180 of the ·
Acts of t h e Gene r al As sembly of Color c do, 19 3 5.
(To be inserted in ea c h b on d maturing July 1, 1945 a n d t hereafter:)
This boad is sub ject to redem pt i on , a t t he op t .ion of the City, on July
1 , 1945, or U)Ofi any i n ter e s t payme nt da te thereafter prior to maturity,
at a or ice e nual Lo the ~rinci )a l am0 unt thereof , plus a ccrued interest
to the redemption d a te, u ooD n o t less than thirty (30) days• prior no-
tice, by oublic a tton in a u aily newspaper publ ished tJnd· of gene r a l cir-
cull::i tlun in the City un d C.J un ty of Denver, S t ate of Color a do, in t he
manner £nd u oo n the t e rms <n d conditions orovided in t he ordinance au-
thor izing the issue of t h is bond.
This bvnd i s one of e n issue of b onds oa yab l e 0nly f r om a nd secured
by a n exclusive pled&e o f a fixed a mount of the gross inc ome a nd revenues
to be derived from t h e op era ti on of said waterw 0 rks system, whic h a mount
s h all be suffic ient to pay the principal of and i nterest on said bonds
as and whe n ea ch be comes due a nd payable vnd v.hic h is to be set aside as
a specinl fund f o r that ou rpose ri nd identified n s the "Waterworks Revenue
Bond Sinking Fund " of the City of En b lewo od , ri n d t h i s bond d oes not con-
stitute an indebtedness of t he City of En g lewood with in the meaning of
any constitutional or sta tut o ry J r ovisions or limita tions. Said City
has covena n ted ci nd d oes hereby c.;ovennnt thn t Lt will 'fix s uch rates for
the use uf "ate r and will collect a nd account for the income a nd revenues
to be received for the use of such wa ter s ufficient prom p tly to pay the
~rinci oal of a nd inte res t on this bond and the issue o f which it forms
a oart as each be c omes due.
This b ond is fully ne LJot i ab l e b ut may b e r e g istered as to 9rincipal
lr1 the nPme of thP ho lder on t he b o oks of the City Treasur e r of sa id City
in the office uf the Tr easurer, s uch registration to b e note d on the back
hereof by the Tre as urer, after whlc:1 no transfer hereof shall be valid
unless mad e on s aid books a nd s imila rly i1ot ed on the back hereof, but
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t h is b ond may be d i sc ha r ge d f r vm 1·e g istra tion by being transferred to
bea rer, after wh ich it s h a l l be t r a nsferable by delivery but may be
again regi s t ered as before. The regis t ration of this bond as to prin-
cipal s h all not res t r a i n the ne g otiability of' the cou po ns hereto
attached by d e l ivery merely.
It is h ereby ce r t i fied, r e cited r.nd d eclared tha t all acts, con-
diti on s a n d t hing s r eo ui r e d t o exls t, ha n pen a nd b e 9erf o rmed precedent ·
to a n d in t h e i s s uanc e of t h i s b und, h a ve exist e d, have happened and
h a v e been pe r fo rmed in d ue t ime, f orm and ma nner as required by law;
t h at the a mount of this bond , tog e t he r with t h e issue of wh ic h it forms
a pa rt 0 oes n ot e xc e ed a ny limi t at i on pre s cribed by the Constitution
or the S tatutes of the St a t e of Co lor a d o , a nd t hB t an amount of the in-
c ome a n d r e venue s t o be d erived fr om t he wat erw orks system of said City
h n s b een p l edg ed a n d will b e se t a side into a s pecial f und by said City
sufficient for the o r o m ~t pa yment of the ~rinci p al of and inte r est on
this b ond a n d t h e i s sue or whic h i t f orms a pa rt.
IN TE STIM ONY \';HEREOF, the Ci t y of Englewood, Colorado has caused
this bond to oe signed by it s Ma yor, countersigned by its City Treasurer,
and a tte sted by i ts City Clerk , under the corpora te se a l of said City,
and h a s c a used t he int e rest c ou po ns h eret o a tta c n ed to be executed with
the f a c si mi l e s igna t ure of s aid City Treasurer, wh ich official, by the
executi on o f thi s bon d , d oes a do o t a s r.nd f or his own proper si gnature
his f a csimile s igna tur e ap pe a r i n g on s a id cou pons, all a s of this First
day of July, 1 93 5.
Mayor
Coun te rs igne d :
City Treasurer
At t es t:
City Clerk
(F or m of Coup un)
umbe r ------$ 25.00
On t he Fir st d a y of , 19 , the City of
En g lew0 od , Ar apa h oe County, Color a do, will pa y to bearer Twenty-five-
--------Dolla rs { $25.00 ) in the manner a nd out of the
fund de s c r ib ed in "'.h e bon d to wh ic h t h is coupon is attach ed, in lawful
money of the Uni t e d St a tes of America, at The Colorado National Bank of Denver
i n the City a nd County of Denver , Sta te of Colora do for inte r est due that
day vn it s Wate r wo rks Revenue Bond dated July 1, 1935, Number •
(Facsirr.11~ s i gna t ure)
City ·Treasurer
(F or m of Cou pon for Bon d s ma turing July 1, 1945 and thereafter):
Num b er $ 25.00
On the F irst day of , 19 , unl e ss the bond to which
t h is c ou oo11 is a tta c he d s h n l l hE.v e been called for previous redemption
a nd pa yme n ~ o t the r ed e m~ti on pri c e duly made or provided for, the City
of En g lewood , Ar a pa n o e County, Co lor a do, will p ay to b eorer Twenty-five -
---------Dollars (_~.00 ) in the manner and out of the
fund J escribed i n t h e bond to wh ich t his cou oon is atta ched, in lawful
money o f t he Unit e d St a tes o f Ame r ica, at The Colorado National Bank of
Denver , in the City and County of Denver, Sta te of Color a do, for interest
due tho t d a y on i ts Wate r wor ks Re venue Bond dated July 1, 1935, Number
~~~~~~~~~~~~~~·
(F~_e_s_im11~-~i g nature}
City Treasurer
(F orm o f Re g i s tr a tion Ce rtificate)
: In Wh ose Na me : Si gn a ture of
Date of Re g is tration _;_ ___ Re gi stered. _ _t City Treasurer
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SECTION 4. Th at wh en said City shall have commenced the operation
of said ~' terwor ks s ystem it shall be thereafte r oper~ted for the purposes
of t h is ordinanc e on a f i s c al basis commen cing e n the first day of July
of e a c h ye a r a nd e nding on the l Pst day of June of the succeeding year.
Fr om and a fter the delivery of nny b onds issued pursuant to this ordinance
the inc ome a nd revenues o f s a id wa terworks system of the City of Engle-
wood shall be s et <.~side i nto a s epn r a te a nd specia l fund to be used for
the reti rement of the a fores aid bonds a nd in maintaining said waterworks
system a nd in providing ·~ depreci a tion fund as follows, to-wit:
The re shall be £nd there is h ereby created an account or fund to be
known P S the "Wat erworks Revenue Bond Sinking Fund" into which there
s ha ll be set r·side from the g ross income a nd revenues of said waterworks
system suc h a moun t thereof ~1.s wil l be sufficient to pay the interest on
and principal of the bonds herein a uthorized R S each falls due, and it
is h er eby de termined tha t the amounts necessary so to be set aside into
said fund s h all Le n s follows:
For the fiscal ye ar ending June 30,
Year
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
Principal and
Interest Payments
$ 20,500.
20,500.
27,500.
28,150.
28,750.
30,300.
30,750.
31,150.
31,500.
31,800.
32,050.
32,250.
31,40 0.
32,550.
32,600.
32,600.
32,550.
32,450.
32,300.
32,100.
31,850.
31,550.
30,200.
29,850.
9,450.
Th e amount by which a ny suc h _c>a yment in any f iscal ye a r exceeds
tne a ggreg a te amo unt of intere st on and principal of said bonds be-
c omin~ due in su ~h ye ar s ha ll be held in said redemption fund i~s a
re s erve for contingenci es and s h all be used solely as hereinafter
provided, provided, howe v e r, tha t n o further payments need be ma de
into sa i d sinkint, fund C1 ft e r suc h am ount of the bonds issued pursuant
· ereto shall have b een retired , that the a mount then held in said fund
includ i n g the rese r ve f or c oatin;encies is e qual to t h e entire a mount
of the interest :,nd pri n ci pc.l that will be payable at the time of the
maturity of each a nd c•ll of the bonds then remaining outstanding.
If l n &uy fiscul ye n r l he City sha ll for a ny reason f 8i l to pay
into s aid s i nk in& fund Lhe full amount 8 bo ve stipu lated, then an amount
e quivalent to such d ef i ciency shall be set apart and paid into the said
fund from the first available gros s revenues of the followin b fiscal
year or ye n rs, a nd s a id a moun t s sha ll be in a d dition to the am ount other-
wis e herein ·equired to be so set apar t and na id into such fund during
such succeeding year or years.
If, for a ny reason, the City shall f ail to ma ke any such payment
into s aid sinkinG f und a s a fores aid d urin5 a ny fiscal year, any sums then
h eld ~s ~ reser v e f or contingencies s ha ll be used for the payment of any
~ortion of the i nt e nes t on Lr principal of aaid bonds becoming due in
suc h fi s c a l year on which u unds there would other wise be default, but
such reserve sha ll be reimbursed therefor from the first av8ilRble pay-
ments mc d e i nt o the s i 11k in0 fund in t he following year or ye a rs in excess
of t h e re q uired payment for the then current fiscal year.
All mua ey ne ld i n s a id si11 ~in b fund s h2 ll b e de 9osi ted in The Colo-
rado 1-la tional Bank o f Denver or in s o me other bank of equa l standing
and ra tin0 , r.nd a ll suc h de '.)OSi ts shall be c ontinuously secured by a valid
oledge of direc t o b liga ti ons of the Uni t 2d St a tes Government having an
e q uivalent market value or snall b e invested in such direct obligations
of the Unit ed State s Government, or sha ll b e secured by surety bond
written b y a s o lvent s urety com~a ny of recognized standing , provided,
h owever, tha t in Lh c e v e nt a l l o r pn rt of said s i nking f und is i nvested
in Un ited Sta t e = Government obli5 a ti on s t he City Council s hal l .make sale
of a sufficient a mount of s uc h obl i ga t ions i~ the event t ha t it shall prove
nec e ss a ry t o dr a~ u pun said ~eserv e.
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267 ~267
The oayments he r ein a bove re q uired to b e made into the sinking fund
snall b e me de in eoual monthly installments on the first day of each
month , except tha t wh en the first d ay of any month shall be a Sunday,
or a legal holida y, then s uch payme nt s s hall be ma de on the next suc-
ceeding secular day, and t he balance then remaining shall be set aside
for operation , ma i ntenance i n d depreciation as hereinafter provided.
In the event the income a nd revenues during any month are inadequate
to ma ke the requi red ;>aym ent into said sinkinb fund, 1 he deficiency shall
be ma d e uo a nd 1e:.iid n.s a fores aid :·r o rn ~he f ir st iucume a nd revenues there-
a ft e r received in addition Lo payment s otherwise p r ovided to be made in
suc h succ eeding ~o n t~ or mont h s . The "Wate rwo rks Revenue Bond Sinking
Fund" shall be used solely a nd only , a nd is hereby exp ressly Pnd exclusive-
ly p l edged fo r t he purpose o f paying princi r1'll of and i nt erest o n the
bonds he rein Authorized to be issued . Int eres t on said bonds e ccruing
prior to the com pl ete cons true tiot1 of s a id waterworks sys tern s hall be
paid from the proceeds of the sa l e of said revenue bonds to the extent
s uc h inter es t is not a v ai l a ble from f und s received a s a ccrued interest,
a nd u ·1 n the del iv e r y of said b o n ds , Rnd the re cei 9 t of t he p roceeds,
t he s '.lm of rn ... t le ~s tnnn $ 2 0 1 5 0 0 ,00 , including the a cc r u e d in-
ter c:-:;t r e c.:e ived, s tw ll be withdr n •n.1 f r om sr ld ~n·oceeds CJ nd p l:ic e d in
t !1 ° sinkin .:-fu1 1J to 9 ti j. s.:•id :nte rf'•1t . Y\h enever, a nd as a s ufficient
sur 1l u s s h81 1 tw v e been ~ ccumulP ted L1 the o oer n ti o n nrn.l ma in teua n c e
fwiJ hereim:.ft e r cre ci !..ed t o b[.. l r:i nce the n rncwit of the p r oce ed s o f
s ;1 l d oon·l 1 s o u sed ~ o ni y s ri id inte res t, .!"e lm b ursement from s n i d 09er-
ti o n r a d cr..; L 1tctw 11 cp :·u11 11 Lo t he s iakiac.i funJ s hrill b e mnde.
oer c er1t o f the b<i l n nce uf the 6 ro ss inc o me· e nd
f r 1..m 1 he 00er<1 tl tJ n of s P i d wn t erwork s system re-
n f oresalJ ?1 yments ~nto the s i nki a ~ fund ha ve been
as i de e ac n ye n r n n d u sed f or the prope r operA ti on
Ll .!U :.ait1tenr nce o f s a l J '"a te rw ... ,rh s system, the City Co unci l her eby
finJ ine;; r ~1 d det e :-rr:i11L1t, th£1t sP i d ninety-three per c ent is neces s a ry
for the ~r o p e r ma ln tenfnce of ~ald wa terw o rks system, Any s ur plus re-
ma Ln l.'1.L lci ·h e 1,,. 1e r 2 ti o n a nd ma intenr111c e fund ot the end o f a ny year
flni iWt i1eeled fo r u .F ·r.:it i ..... n r.n d m:1 intem 1 nc e 1 ur ~1us i:>s mv y in t he
dlsc r e Li un v f the Ci t y Cu Wl.ci L be us e d to )u rc hnse in t ne open market
s u c ~1 o·· t he re v en u e bonds h e rein nu t lwr l z cd r· s mC1 y be s o pur ch ~ sed.
The rem ~ini.n5 seven 0er cent of t he b ~l R nce of the g ro s s
inc ome n a d re v e11 u es of s<:•i d w <-1 t erwo r!~-> system : ft 0 r re q uir e d f)ay me nts
a ve been rn nd e int c t he si:1ki11b fund in e:: ch ye ar shc-·11 'be s e t as ide
as a depreci :.: ti c n f u11d e nd s oci ll be expended in mokinb good a ny de-
reci e tiun in sa id ~a terwork s s ystem aad in mak i n 6 such ~xt e nsions, ad -
di ti otL<; u r Lm,)ro v e ment :; to S C:'h i. wn terw 0 rks systerr.: s the Ci ty Council
ma y fr0m ye n r tu y c~r consider Dd visable . Any a ccumulations in said
epreciati un fund m;::y ue inve ~t e d in Uni t ed Stat es Gov ernment or Colo-
rnJo 'l unic l pc>l Bo n ds n u t in l cf n ult , ri s ci c ~l g n ntP d by the City Councll,
n n d if i nve ~t cd the inc u mt-fr om s ucn lnve ;;tment s s 1rn ll Le '.)l [lc ed in
tne d e oreLlnt i o n fund f or u se · s he rein p rovided.
It ls hereby rep r e s ent e d tu a nd covenanted ~i th the holders· of
t h,e r evenu e bohds he ein n u t!10rl /.ed t hcit reference to the g ro s s income
and ce v e~ues of s c id wat e rworks system r s made in t his ordinance is
intended e nd s tm ll Le c o nstrue d to l11clu·t e al l re ve ~1 ue s re cei ve d by
t~e Ci tJ of En~l n wo o J or ~ny munic i9Rl cor~oration succeedint to the
ri~i1t s o f s a iJ Cit) 0 f En~l ewu o d fr0 m the ope r a tion of the wa terworks
s ystem of s a id Cit.Y anti from t he sa le of wP t er to the inhcibit o nts of
v .. 1.:1 t is n v:. the Ci t y of F.n~lew o o d ( including :=t ll t erritori a l a n~1e .xations
wh ic h ma .,, t e m<..-l e vd1iL e ;ti ld re '\i c 11ue Lond s ~r e uuts t and ing), or fr o m
"i e s ei l e of v:n ter d i~tr i bu te d t i1ruut, h the \,:::i ter dis tri but ion system pres-
catly in p lace in the City of En~l e~ooJ ~s t he s a me now exi sts o r may
be hereafter extended ·nd inc ""i..udin.::., e>:t ens ions whic h ma y be here a fter
mad e to serve co.1sum 1 r s o ut s iue :,he ci 1..y .: i mt ts , it b eine; t he intenti o n
11rr eof tnut ti ny future c.:n u n ge in t h e sv urc e 0 1' v.Atcr supply for s a id
City or a ny futur e mer5er or c uns u lidl:.<t i o n o f said City with a ny other
nici ~a1. coro 1...r : ti n shfl ll in u u wise : ffec-t the lien of s a i d revenue
l>oads o n <.J 11 .. <.· t Pr rev e .aue s o f s u i J City .
If a t · ny time 1e1·ep ft e r \,n l le «a y of thP. bon ds he rein a uthorized
remain 0 utstendir1g the City of Englewood , u r nny s uccessor municipality,
shn ll :ic qu ir e .~n r l ect r ic d i st r Lb utlun s ystem o nd sha ll op e r a te sa id
sys t em ln c o njW1ct ion with t ~1 e power /lu.nt uni t of the City's water-
w o r~s sy st e~, e it he r r it h o r ~it h 0 ut the a d dition of supp lemen tal power
units , r;c; u com bined wa ter cind electric lit.ht acid powe r plant ~nd system,
t h en l :i suc !"l :.=vent t he s ur~~u s rev e nue s d erived f rom the sa le of elec-
tricity so prod u ced o nd d i s~r i.buteci , nft c r fir~t mak ing n ::>c essary pro-
visi on r'or ~h e pc-1yment of t:1e nec ec;;sary cost o f main taining a nd operating
s~i d system rnd the pa yment of principe l of a nd i nterest on a ny bonds
~h ich mcy be i n i t i a lly i ss u ed to pay the c ost of ~cqui ring or constructing
suc n elec Lric li6ht ?.n d ?ov:er '1la nt a nd system , sha ll be p l ace d in the
"l\aterworks Rs ve nue Bund SinkiJ.16 F und " herein created, n nd used in the
manner a nd for the pur pos es herein pr ovid ed fo r t h e us e of other monies
in s ai d fund , a nd suc.:h sur ~lus r c ve~ues n re hereby expre s sly pledged e nd
d e di c a ted to s uc h our pos e.
SEC TI ON 5 . V~hi le Uw i..i o nd s : ut 10 ri zed h e ".:'e in c..,r a ny c;f them remain
u t s tc.1di11e; r 11d un p ol l the r ates fur ;-1 1 serv lees Y-endered by the s o id
vm t e rv.or n s system to Sc!i d City and to its citiz e ns , ci nd to all consumers
witnin or ·:.ithu ut the b u und a r ics o f the said City, sha ll be !'ea sonable
and just, tcik inb int o a ccouat n 1d consider 11 ti 0 n the cost a nd value of
-6 -
I
I
I
ii
ii
said w"terv10rks sy stem r>nd the co st of maintalning nnd operatine said
system, nn d the pr oper a nd necess8ry ~llowance s for the depreciation
thereof and the c.mount s necessary for the retirement of all b onds, and
the accruing int e rest on :.11 s uc h bonds es J'Tlay be issued hereuflder, and
the re s hal l be ch~rg e d ~~a inst a ll u s ers of said water, including said
City, such rates a nd a~ounts for ~a ter service as shall be adequate to
meet the requirements of thi s a nd t he precedinc; sections hereof, and
v.i t J~out (]ualifyine; or ~ff e ctin t; the for egui ng t>rovision it is hereby
ex~r cs sly agre ed by 1.he City o .:· Ent,l ev:ood tha t it will pay a nnua lly
fr u m i t '3 ._,eaer::. l fund L1to the ·.-.-tcl'v.orks fU!ld the sum of' Forty Dollars
($4 0 .00) per fire hydro.1t , tut in n o nvent less t han :ir,2,520 .00, in
pa1ment f or fire hydrant reI1t &ls , which s um s hall b e subject to dis-
:-ibutl o n to the sink in5 fund, m r!lL1~J'1Ynce e nd o'1erntion fund a nd de-
preci c: ti on funri , in :he c;c:me manner o s the othe r rev e nues of said
wr~erw o rk -svstem nre d istri buted.
SECTI ON 6 . Th At t~e City of Enblewood hereby covenants a nd agrees
~it n e £c h 'nd e verv h o l der of the bo nds issued hereunder:
(a) Thr t the City ·,.ill m:1 l11tai11 snld wa t c rw o rks system
l~ 6 ood c ondition ~nd ooer a te t he same in r n eff icient manner
at1d a t reasonabl P cost;
(b) Th< t : .. s 1 0.i.g :i s any of t he bonds issue d under the
r ov!sions or this ord innnce remGin out ~ten d ing the City ~ill
maintain insur anc e on s a id w ate r ~o rks system for the benefit
of the ho lder or hold e rs of said bond s of o kind a nd in a n
nmuunt t·hich r.ou l .1 normeilly be c c r ri ed by r>riv a te c omrrn ni cs
c ng ne,ed i.n a simi lur typ e u l' uu slacs s. T11e pr oceeds or any
s u c h insurvnce received b y said City by r e n son of the destruc-
1<.u or pa rtial !e s truction of a 11y part of s o id \\atcrworks
system s h all ~e used to re~lace t he pr rt or ,r.rt s of s a id
syste ~ so d e stroyed, or if not s o used s hal l be olaced ln t he
sink inh fund '' bove cr ea ted;
(c) Theit a oth lnc; it1 :..his ord lnnace s lrn ll b e construed
us re q uirinc; the City t o expen d &ny f unds which a re derived
from sources ether than the ope r a ti on of said utility ( except
frc.im ~h e sur Jlus r e ve.1ue :-= ···hi c h ma y b e derived from the sa le
of electri city under the conditions re cited i.a Section 4 above,
:: .1d e : cept for ~:i e ag ree m e ~1t mc:de in Se ction 5 ab ov e to pay
f r om 1 ts 6enera:!. fund the f r·ir v alue o f ~11 i':n ter service fur-
nished the City, ~nc:udln 5 t h e cos t of f ire hydrant rent al s,)
Lut a uth L~c... herein containe d .:>hR 11 be c::on~trucd to prevent the
City of Enble~oo d from so d o ine ;
(d ) Th~t the City of En~le~uod wi ll k e e ? proner
books , records and accow1ts se_)arrit e from e ll other records
nLld ac counts, in v:hich complete e.nd correct entries s h all
be oade of a ll t r ansc.c ti c a rela tint t c the waterworks system.
Snid books r nd a ccounts sh~ll be k e pt ~s · nearly as may be
in n ccord;:ince ·:·i th the r ul es ond reg ula tion s es t n b .:i shed by
the Color Fd o State Public Utility Commission fo r privately
o~ned utilities . The City will furnish t o a n y holde~ o f any of
the bonds issued ~1 er eunder U!)O n \~ritten re -~uest after the
close of e~ c n f i scC11 ye C1 r com plete 0'1er;, tlnf; : ad income state-
ments of the wn t e r\\c.·rk ·> s~ stem la r·r->ns ... nl1bl e de tail covering such
fiscsl y en r;
(e) TnAt tne nolder 0 r ho l d ers c f t~ent y-flv e per cent
_....,r e6· te pr lnci t)C: 1 n mow1t of bonds issued hereunder at
!.-lme outstanding sna ll have the r i ght at" n ll reas on a ble
tirr.es to ins9ect the \\at erw crk:> sys tem, r nd C!ll recor ci s, accounts
ml data or the City of En t;lewood relHtint; the r e t o , a nd thrt
est t he City of Engleftood will furnish to twenty-five
per cen t of such hol.I er.s suc n fi n nn cl ~.l s tatement s o nd other
·nr~rm :tiu~ ~e l : tiab to tne City of En ~lew ood Pnd the we terw orks
system ns such holder or hol~ers mc:.y 1·r om time t o time re ci son-
bl v re~uir e.
SECTIOt' 7. Tnc t the C.i ty of Enc,l ewuod hereby covena nts ri nd
abr c es ~ith tne h0lder or h o lder s of the bonds herein nuthorized, or
ny of t h em , ':h?.t it will fr;it '.1fu.l.ly ·n d p unctur-lly perform all duties
, i t i1 r ef ~!'ence to s r-id vw terw o rks sys te rn re ~ulred by t he Cons ti tu ti on
:-i nd l m.s o f t h e S t u te of Color n d 0 , inc lua int.> the me king ;:.nd collecting
o f re asonable and sufficient r ~tes for s e rv i ces rendered by said sys-
tem Ds &b0ve nro vided , and will sec r eg: te the r e venU PS of said system
r•nd &;>·>ly s a id r ~venu e s to t he res9ec:ti ve funds c re at ed uy t h is o rdin-
r i d Cl ty herebj· irrev oc:·bly cuv e n n11ts, binds and ob ligates
ot to sell , le Gse, mo rt 5 ~g e , o r in any manner di s pos e of said
?:r-+:err·:o rk= c;;ystem , o r any p~!~t thPreo f, including a n y nnd al l e:x-
ensi ons D.Ll d addi ti ons t ha t mo y be mri d e thereto, until all the bonds
hereln <:ut!'l.c rized to be issued shall have been nn id ln f ull, both
rlncl;>al r nd inte r e st , o nd thP City further covenr nts Pnd agrees con-
inu1...usly -o oper· te s :: l ei '.n terv.u rks .3 ystem ~n d t o chc.rge enc collect
r r te s ~nd c h~rges for services rendered the r eby so tha t the gross
revenue s will be suff icient at all time3 to provide for the payment
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269 269
J ' ..
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0
, •.. ,(,
v i the c1e r o ti ~n and m&inten ance ther e o f a n d t o ma intain the depre-
ci a ti on fund nnd the c; lnr:ine, fund n s prov i d ed h erein. Any hold er of
said bonds o r a ny o.:· .. h e cou pons rep re sent1n6 in teres t there on ma y
e i t11er at ln"v o r in e <1 uity , b y s u it , n cti on,manda mus o r other pro-
ceedL15s, in ri ny court of c om;Jet ::nt jur isuic ti o a, prot e ct the lien
cre&ted by t lrls o r di~anc e 0n the revenues of s aid wat e rwo rks system,
d reay by suit , ~ cti on mandamus o r other n9p r o9 riate pr oceeding or
or~ceedin 5 s enforce and c ora~el performanc e of a ll d uties im )osed
)un said Cit~' by t he Cl!'Ovis lon s of this u.r d Lnr nee, i ncludin5 Lh e
msking a nd coll e cting of sufficient r r>te s , a nd the se g reg 2 tion of
the l11corue n na revnue s 0f s<l i d vw terw0rks sys tern c~nd t h e pro 9er
pplic Ltion thereof .
The City f ur t h e r c uv enr-nts P nd cg r e e s t lrn t if ;:;,.~1 y cl e fnul t
be ma de L1 the p c: ym e nL of 1rinci 9;.l of o r int eres t e n n .. 'l y o f s aid
bou js , ~~en uoo_1 'he filinc uf s ui t b y a ny h olct er o f s aid bonds or
c ou'1ons ~n~,. c ou.rt ht ving juri sdict i on of the r.cti on may a ppoint a
rec ei ver to r dmiu i ~ter 3a i d wrterw u r k s system in b eh&lf of t he City
wit h ?O~er to chPrge and co l lec t rate s s u f ficient t o 9rovide for the
payment o:' t"' 1 1 uonJs -.nd o bli 6 a ti ons c u t s tat1d illg a gainst said water-
urK s system <·nd for ~he payment o f oper a ting ex pe n s es, and to a pply
t :1e L1c:om e · n d reveL1ue :; "t hereof in c unfurm i ty wit h the pr ovisions
of this ord i nance .
SECTI Oa 8. Tha t the bond s Puthorized to be is sued hereunder
and fr vm tirr.e to ti me v uts t nndin~ shall n ot b e en t itled t o any
pri o rity on e uver t he 0 t her in the enp lic a tion of t he revenues
o f said ~a ter%0 rks system , r eg c rdless of the time o r time s of their
issua nce , it bein6 the intention o f the Ci t y Council that there
s ha ll be no priority amonb the b 0n ds ~u thor ized to be issued pur-
suant to thin ordinc nce reg ~rd less of the f~ct thn t they may be
· ctually i s sued rind del ive red a t d ifferent times.
SE CTION 9 . That i !l ord er to insure the co mpl et i on of said
v.aterw o rk s s ystem c.n d to prot e ct the ho l d er or ho lders o f the bonds
o be issu~d h ereunder , t he City o f Eng lew o od sha ll require the perso
or pers on s who a re b iven the contr a ct s f o r the construction of said
wate rw u rk ~ s ystem to s u pply ~ c om?l e ti on bond or bonds satisfactory
o the origl i1Rl purchas er o r p urc h~sers of sa id r e v e nue bonds, a nd
h·1 t n n y sums de ri ved f r om c:;aid comple ti on b ond o r bonds s ha 11 be
used 7 ithin ·ix months for t he cow)l0 tion o f the construction of
s aid system, e nd if no t so use cl v-.i t h in such period shall be olr.ced
in 'he s i:ikinb fund f or said r e venue bonds nnd used solely for the
purpose u f pa yin5 sR id bonds .
SECTIOJ 10 . Tha t the pro v ision s o f thi s ordinPnc e sha ll con-
stitute a contract bet~e e ~ t he City of Eng lew oo d a n d the holder or
elder s of the bond s h e rein a uthor i z ed to be issued, and thc:it after
he issuance of eny of s uc h bor~s no chang e, v a riation or a ltera tion
of 0 ny kind in ~h e :-iro vl sions uf t hi s ordinonc e shall be ma de in
manner except c:-s he rei.1 ~r l v i d ej until s uc h t ime a s a ll of' said
on d;:; issued he reund er and inter est d ue thereon have been paid in full.
SECT i uN 11 . Tri<• t., the ci t~r recog niz es t he n e cessity of a n a de-
u ~ te sup~ly of veter o f Jro~c r quality t o as sur e the exi st ence of
r e ven ue c:u fficie nt tu pny o pe r r ti c..n Ct nd mr>intennnc e costs a nd to.
pay ;>rincipa l of C:!ld inte r est on the bo11ds he rein :1 ut ho rized. Ac-
c o r d ingly , it is he reby pr ovided th~t t he total i s sue of said bonds
snall be d eliv e red only ii' < n d 'fte r t h e re s 11a ll have been furL1is h ed
t he city by its enbinee r o certific[te t lIBt the te st or "gu~r a nt e ed"
v1ell v:hic h i s to be sw1k i s !lroduc.:i n t:; v.c:.t e r <..t t h e minimum r a te of
0 gal lons per minu te , &n d th't the qua lity of wa ter so pro -uc ed is
suitabl e for d0mestL c use ond c on sump tion; provided, however, t ha t
shuul0 s a id "~u b rrnt c ed ~e ll" Le c0ru0l c teu bu t the ~a ter pr oduced
t i1 e refr om b e W1 fi t for Jc,mc ·tic us e and c onsumption, rev enue bonds
s 1.1all be issued in l"'J.l rrr.u un t suffic ient o nly t o cover the cost of s a i d
v.ell, i nclutlin6 9rop0rtiun:..:l sha re of ent;ineer• s fees, etc., and the
City of E~gle~oo d sh ~ll , peadinL the a c :uisition o r development of
i Ls 0;,.n v.ater s u pp ly, fu1·:1 i s·. i t s lnrw b l tan t s F n d wa te r us e r s wi th
suff i.l'ie n t wri t Pr se c u red' f r om tile C it~' of Denv er , c ha r g ing such r ate s
as au.~_y be n ~c ess2 r y tv :n'y the ~r~n c i9<·l o f and interes t on s a i d bonds
so issue d.
vL CTivN 12 . 1 i l~ t if :~u y s • (;ti.uil , pDrag r a :Jh , <:l a use or pro vision
t nis ord L1 [l i1Ce s h· 11 be held to be invali d or unenforceable for
rer.s ~t1 the L1 v 0 licli ty o r uneni'o rce a bili ty of such secti on, pa ra-
r A.?h , cl ~ u se o r 9rovlsiOLl s hal l not < ff e ct r ny of the rem a ining pro-
visions of thi s o r d ina nc e .
SECT I ON 13. Th ~t a ll or dine11ces , r eso lutions a n tl orders, or
p~rts thereof in conflict ~it h ~h e prov ision s of this ordina nce, a re,
t o the e~tent o1 s J ch conflict , he reby re pe a led .
SECTION 14. That os soon is m ~y be af ter i ts adoption this or-
inn .1ce shcil l oe a u the11ti c :~ted by the 3 i g n a ture s of the Mayor a nd City
Clerk , shall b e rec ord e d in o book kep t for tha t purpos e , a n d s ha ll be
fin a lly pu . .Jlisned i n the En6lewood Her a ld, a n e ws pn per p ublis h ed a nd
of ceneral c ircul i tion in the City of En g le~ood .
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SECTION 15. That by re&son of the f a ct th8 t the City of Engle-
v:ooa a nd it s inhabitants are not p rop e rly or r1 de q u a tely supplied with
~ate r at the pre~ent time , ~nd by r eason of the necessity of effectu-
ting without de l r y t he legislative ool i c y declered by the Act re-·
ferred to ln the ~r e amb l e to this o rdina11ce, a n emergency is hereby
dec l cred to exist , · nd it i ~ d e cl[1 r ed tha t t h is ordinance is necessary
o ~he immedi a te Jre se rvatiua uf tae pu blic neace, he a lth a n d safety,
&.1d t ~is o rdina nc e shnl l be in full f orce :,nd effect five dnys a fter
l t s f i1rnl }Ublic · tion .
Introd uced < £1d r end and o r dered J ubli shed July 19, 1935 .
Publishe d July 25 , 1935
d o pted td 1U .:-oved t~i s 7t h day of Auf;;u s t, 1935.
--Ma yor
Attest :
~.ft.
, OF CO LORi..I:J O l SS
COUNTY CF ARf ?h lIDE
I, Cha rles Smith, J o he re by cer tify tha t I a m the duly q u a lified
and acting City Cl e r !.;: 01' Lhe City of En5lewood in said County and St a te.
I further certify that the a bove n nd foregoing ordinance ~as intro-
duced a nd r e ad in full ci t the re g ul a r meeting o f the City Council
h eld on July 19 , 1935 , t :t<1 t it was pub lished in fu ll in the En5lewood
Herald , n leg a l ne\, s pc: pe r 1Ublis n ed a n d of general circulr.tion in
the City of Engle,~oou , o n July 2 5 , 1 93 5, a n d thc:;.t not less than ten
days [,ft er s uc h 1u ul icr t i o n, t o lt , o n the 7th day of Au g ust, 1935,
s&i<l orc.il!lanc:e v<1s f i 11c•ll.Y [du ~YLc d ~i nd <1p p roved, a ll a s set out in
the c:. bove ~ nd foreg oing .
Ii~ ~w IT .. ~l '.SS VdiEH EOF , I hC1 ve h e r e unto subscribed my off i cial signa -
ture ~11d f •l fix e d t h•? .s e<·' l uf' the Ci t~,r of Engle\\OOd this 7th dny of
... Ut,USt, 1935 . ~fl/~·
City C.Lerk
(/t h ;u1d l c..i s t)
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