HomeMy WebLinkAbout009 - 09/02/1948 - AMENDING SECTIONS 5, 6 AND 7 OF ORDINANCE NO 007, 1948 RELATING TO CONSOLIDATED IMPROVEMENT DISTRCT ORDINANCE NO. a __SERIES OF 1948 259
N vRWN..NC6 To aiAND LECT14Ns 5 6 G'd 7 UP URDIUbXE NU. 7
Ir2kUYaYEiiI GIiTRICT N0. 48, IS PuRf CJLLIXS CU 1948, REL.TING TO CJKfiULIDLTE
LCR6D0 AND DE61.'F.IUG AN BURRO-Nay.
BE IT Oh"INED BY ThE Ciuf COUNCIL UP TriE CITY OF PORT COLLINS:
Sectian 1. That Cection 5 of Ordinance So. 7, 1948, ado ,ted and approved on the
12th day of 6ueust, 1948, be and the same is hereby amended to read as follows:
.:ectiun 5. Par the purpose of paying ti.e cost Of seld,,improvements, including
oil s,rracir-, cure @nd gutter and semer and water main connections, bonds of the City
of Port Collins In the ag reg to principal amount of j77,000.00 are here;,y authorized
to be issued by the COAaIssJ3nar of Finance and Ex-Officio Cit; Treasurer of the City
fort Collins, shich said bonds shall near date of Sep•.ember 1, 1946, and in each form
as may be approved b, the City Council after submission by the Commissioner of Finance:
said bonds shall Dear the nL.cs of Consolidated Improvement Listrict ::o. 46, of the
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City of Port Cline, and shall bear interest st Lila r_ts of 6% per annam, payable
semi-annually, said interest to as evidenced by ablDbne . tteched to the
principal
bond and attested jy ti,e fbcsimile signature of the C1t;Clerk. 'each of the interest
coupons attacned to bonds numbered 1 to 20, inclusive, 53 to 77, inclusive, shell
evidence the seal-enrual interest at the rLte of 6% per annum. The interest on bons
nu..be. ed cl to 52,lncluzive shell be evidenced by two sets of semi-ennaal coupons,
one set to evidence Inter at at the rate of 4,4 per annu:a, numbered from 1 to 20,
Inclusive, and the other set to evidence interest at the rate of 2% per an;,uA, numbered
le to 20t., inclusive. :.aid bonds shall be subscribed by the Commissioner of defety
and E.-Uffieio _,yor, counteralE ed by tine Co:aaissioner of Financs and Ex-Jfflclo
City Treasurer, and Lt,ested by the Cit, Clark with the corporate seal of tide City,
and registered with tLe City Treasurer and shell be sold to pay the costs of such Im-
provemants in cash, as provided in vrdlnence No. 7, 1921, as Lmended. Said b nds
shell me re eem: ule out of t:.'0 monies collected on account of the eseeesmects made
for said I:aprovesenta, including oil curfLelna, curb and Eutter and s-wer Lnd water
Arlin connections; L11 monies collected from acid assessments or from the sale of
_onds for said improvements shall be credited to ConsolldatedImprovement District
..a. 46, and trio rands so collected shall be used only for the payment of the work
Of construction of said improvements and for the prls-cipal of and the interest on said
bonds and for collection costs. SLid bonds shall as numbered from 1 to 77, inclusive,
and shell Ue paid :.nd redesned In regular numerical order. The City Treasurer shall
preserve the records of said ponds in a suitable jook kept for that purpose. All
of acid bonds shall as absolutely due and payecle ten (10) years from the date of
Issue, but shall be subject to call end payment Lt bny time prior thereto, to provided
1n said ordlnance:,o. 7, 13z1, Ls Lmended. :-11 assessments made in pursuance of this
ordinance, together with ell Interest thereon, and penalties for default In payment
tnereof, Lnd all costa In collecting the same, shall, from the date of the final
publication of the assessing ordinance hereafter to Le Ldopte", e,nstltuts a perpetual
lion on a parity with the tax lien for generLl ZtLte, County, City, Town or School
taxes, and no sale of such property to enforce any general LtLte, County, City, Town _
or :school Tax, or other lien, shall extinguish the rerpetuLl lien of such assessments
herein provided to be made.
260
ORDINANCE NO 9 SERIES OP 1948
. ection c That Section 6 of said Ordinance o 7 1948 be and the some is
Mreb amended to rend an follows
Section 6 Said bonds and coupons attached thereto shall oe substL tially the
followint, form
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UNITED SToTES OF 6d6RIC6 `
SToT 0 COLJRaDO CITY OF PORT COLLINS
CJti..JLID^TED IMPROVEY_tT DISTRICT 140 46
BOND
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Ao $10000 00
The City of Port Collins, in the County of Larimer and State of rolorodo for
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value received acknowledbes itself indented and hereby promised to pay to the nearer nersof
the sum of 4
ONE THOUSsi D DOLL.PS
in lawful money of the nited otates of ..merits at tre office of the City Treasurer of
Subject to call and payment however, at any td
said City on tre let dby of . eptember 1958/ �s provided in tine amendment to Section 1
of ,rtiole 1,YII of the pity Charter passed and adopted pril 6 1920 End Ordinance do !
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7 1921 relating to local puolic improvements as amended with interest thereon from
date until payment payable semi-annually on the 1-t da of gurch and the let day of
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September at the office of tie City Treasurer of the City of Port Collins upon prespntation
and surrender of the an exed coupons as they severally become due
This bond is issued for the purpose of psyin. the cost of local improvements
I constructed in Consolidated Improvement District o 46 in said City for stre t oiling
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curb and gatter and sewer and water .vain connections by vir ue and in full conformity
with said Cnarter aaerdmert and aid Ordinance o 7 19a1 sa smerded
This bond is psyeole o"t of the oroceeds of special assessments to be levied
�r upon the real prop rty situate Ii said Consolidbted improvement District ho 46 especially
r( oenefitted by said inoravements and the amount of the assessments so to oe made upon the
J real esta a in said Cis rict for the payment thereof with accrued interest is a Iien upon
� the said real estate in the respective amounts to be s3portioned to said real estate and to
be assesse- oy an ordinarce of as d City and the lien created by said assessing ordinancq
togetner aitn all interest tnereon -nd penalties for default in tie payment thereof and all
costs In collecting the same shall from the date of the final publicction of the assessing i
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ordinance nereafter to be adopted corstit,ate a perpetual lien on a parit with the tax
lien for general -tote Co m y City or ..chool taxes and no sale of each property to en-
force any general -tate County city or chool tax or other lien shall pxtirgaish the
perpetual lien of sucn azsessme is herein provided to oe' made 1
It is hereby certified and recited that the total issue of oonds of said City
for said District including tzis bond does not exceed the estimate of the City Engineer
or the contract price for said imDrovements or the amauntiaathorized by lee and it is
fartner nereoy certifiea and recited tnat ev ry requirement of lar reletin_ to the creation
of said Corsolideted Improvement District o 46 the making of said local improvements
and the issuance of this oond has been fully complied with by the proper officers of said
Cit and that all cwnaitlone re .aired to exist and all tnings recalred to be done precedent
to and In tra iss,aen^e of tnis bond to ren. er tt•e sane 1Lrf.al and valid, have happened and
been properly done and performed and did exist in regular and due time form and mariner
YS
as required by law
Y
r
WON
261
ORDINANCE NO 9 _SERIES OF 1948
IN TESTIAONY 6HERSOF the said City of Port Collins has caused this bond to be
subscribed by Its Commissioner of Lfety and Ex-Officio -ayor countersigned by its
6ommiscWt er of Finance and H Officio Cit Treasurer and attested by its City Clerk
under the soul of said City and the interest coupons hereto attached to be attested by
the facs"lle aidntture of the City lark Ls of the 1st day of oeptember 1948
(b E A L Commissioner of Safety an
Ex Officio Mayor
� AITE..T
COUNTER. IrNED
Commissioner of Pinance and
y C ork Ex-Jfficio City Treasurer
(Form of Coupon)
\0 1 - 40 $30 00
1s - 20A EO 00
— 30 00
Perch
On the let day of -eptember 6 D 19 unless the bond to which this coupon
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is attached has been called for prior redemption the City of Port Collins will pay to
� bearer
1 TdIRTt AND NO/100 DOLLrRS)
MEATY LND 0/100 DOLLARS)
(TEN AND A0/100 DOLL.RQ)
In lawful money of the United states or am rice at the office of theCity Tre.. Is er of
Fort Collins Colorado being six months$ interest on its local improvement bore dated
September 1 1948 issued for the con truetion of local improvements in Consolidated Improve-
ment District o 46 attached to Bond
No --
(Paeaimile Signature)
City C er
oection 3 That Section 7 of said Ordinance too 7 1948 be and the same Is r
hereby amended to re-d as follows
z.ection 7 The Commissioner of Finance and Fx jfficio City Treasurer is hereby
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autnorized and irected to have Drinted the sufficient number of b,)nds of the
I denomination of J1 000 each numbered from 1 to 77 Inclusive as is required to mee t
the estimated cost of said imorovementa as herein Drovided and when said bonds shall
have oeen duly prepared tney shall be soli and delivered as hereinbefore provided
.eetion 4 In the opinion of the City Council en emergency exists for the preser-
vation of public realth peace and safety and this Ord nonce shell take effect upon its
pessaLe under and by virtue of the authority contained In oeetions 8 and 7 of Article IV
of the City Charter
I TRODUCED read at length and adopted by the uncnimous vote of all the members
of tie City Council this 2nd day of oeptember A D 1948
-__I Ld
Co ssiozer of barejry and
Ex Officio Layor
( S B A L )
ATTEST
1
City Clerk
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262
ORDINANCE NO 9 SERIES OF 1948
ST.f6 OF COLORaDO )
)
COUNTY OF LnRIY&R ae
CITY JF FORT COLLINS
I Yiles F nouse City Clerk of the City of Fort Collins do hereby certify and
declare that the foregoing ordinance consisting of four sections was duly proposed erd
read at length at b regular meeting of the City Council held on the 2nd day of
September o L 1948 and was duly adopted and ordered published in the Fort Collins
�,olorbooar a daily newspaper and the official rewspaper 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 8 and 7 of orticls IV of the City Cnarter
and tnereafter and on to wit the 7th day of September " D 1948 said Ordinance
\0 9 was duly published in the Fort Collins Coloradoen a daily newspaper published
In the City of Fort Collins Colorado
I SiI 35 WnEK OF I nave hereunto set ay hand and affix d the seal of said
City this 7th day of September 6 D 1948
( � B 6 L )
City Clerk
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