HomeMy WebLinkAbout008 - 09/28/1951 - AMENDING SECTION 6 OF ORDINANCE NO. 005, 1951, AND THE FORM OF INTEREST COUPON SET FORTH IN SECTION ORDINANCE NO 1951
AN ORDINANCE TO AMEND SECTION 6 OF ORDINANCE NO 5 1951, AND THE
FORM OF INTEREST COUPON SET FORTH IN SECTION 8 OF SAID ORDINANCE NO 5
RELATING TO CONSOLIDATED STORM SLYER IMPROVBM T DISTRICT NO 10 IN
FORT COLLINS, COLORADO, AND DECLARING AN EMERGENCY
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
COLLINSY
Section 1, That Section 6 of Ordinance No 5, 1951,
adopted and approved on the 17th day of August, 1951, be and the same
is hereby amended to read as folloast
Section 6 The said bonds shall be dated November 1, 1951,
shall bear the name of the District improved, shall be payable to
the bearer ten (10) years from and after the date thereof, subject
to call and prior payment as by law provided, shall be subscribed
by thb Mayor, countersigned by the City Treasurer, and
attested by the City Clerk under the seal of the City, shall be
payable out of the moneys collected on account of the assessments
to be made for said improvements, and shall bear interest at the
rate of five per cent (5%) per annum, payable semi"onnually.
Said coupons shall be signed with the facsimile signature of the
City Clerk. Said bonds shall be in the denomination of One
Thousand Dollars ($1000.00) each and shall be numbered
consecutively from one upvard The principal of and interest on
said bonds shall be payable at the office of the City Treamwer.
Said bonds shall be callable and payable in their regular
numerical order, both before and after maturity.
Section Z That the f(Zrm of interest coupon set forth in
Section 8 of said Ordinance No, 5, 1951 be and the same is hereby
amended to road as follovst
(form of Coupon)
No $25.00
May
On the first day of November, A D 19_, the City of
Fort Collins, Colorado, will pay to the bearer
TWENTY-FIVE and N01100 DOLLARS
in lawful money of the United States of America, at the office of the
City Treasurer, in Fort Collins, Colorado, being six monthst interest
on its local improvement bond issued for the construction of local
improvements in Consolidated Storm Sewer Improvement District No. 10,
in said City, provided the bond to which this coupon is attached
shall not have been theretofore paid. Attached to bond dated
November 1, 1951s bearing
No
(Facsimile Sieaature)
City Clerk
r
Section 3 In the opinion of the City Council an emergency
exists for the preservation of public health► peace and safety, and
this ordinance shall take effect upon its passage under and by virtue
of the authority contained in Sections 6 and 7 of Article IV of the
City Charter
Introduced, read at length, and adopted by the unanimous
vote of all the members of the City Council this 28th day of
September. A. D 1951
(SEAL) O-Lz
Cidmissioner of Safety and
Ex-officio Mayor
ATTEST
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City Clerk
STATE OF COLORADO )
Be
COUNTY OF LARIMER )
I, MILES F HOUSL, City Clerk of the City of Fort Collins,
do hereby certify and declare that the aforesaid Ordinance, consisting
of three Sections, was duly proposed and read at length at a regular
meeting of the City Council, held on the 28th day of September, A. D.
1951, and was duly adopted and ordered published in the Fort Collins
Coloradoan, a daily newspaper and official newspaper of the City of
Fort Collins, by the unanimous vote of all members of the City
Council, as an Emergency Ordinance, in accordance with the provisions
of Sections 6 and 7 of Article IV of the City Charter= and thereafter
and on to—wits the 2nd day of October, A.D. 1951, said Ordinance
No 6 was duly published in the Fort Collins Coloradoan, a daily
newspaper in the City of Fort Collins, Colorado
IN WITNESS VHZ=F, I have hereunto set my hand and
affixed the seal of said City, this 2nd day of October, A D 1951
City Clerk
I