HomeMy WebLinkAbout015 - 10/26/1934 - AUTHORIZING THE ISSUANCE OF REGISTERED WARRANTS IN THE TOTAL AMOUNT NOT EXCEEDING $1500 AND BEARING ORDINANCE NO 15 , 1934 ,
BEING AN EMERGENCY ORDINANCE, AUTHORIZING THE ISSUANCE OF
REGISTERED WARRANTS IN THE TOTAL AMOUNT NOT EXCEEDING $1500 00
AND BEARING INTEREST NOT TO EXCEED 4%, ON ACCOUNT OF AN EMERGENCY
ARISING IN CONNECTION WITH THE PAYMENT OF SEMI-ANNUAL INTEREST
ON $75,000 00 FACE VALUE CONDUIT BONDS OF THE CITY OF FORT COLLINS
WHEREAS , since the adoption of the annual appro-
priation ordinance for the fiscal year ending December 31 ,
1934., an emergency and unforeseen contingency has arisen
whereby it has become and is necessary to expend not to exceed
the sum of $1500 00 for the payment of the semi-annual interest
due on $75,000 00 face value of conduit bonds of the City of
Fort Collins , which were authorized by a vote of the people
and issued by the City during the year of 1934, said interest
becoming due November 1, 1934, and
WHEREAS , no provision was made for the payment
of the interest on said bonds from any fund of the City what-
soever, or from the proceeds of the sale of said bonds
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF FORT COLLINS
Section 1 That there be and hereby is appro-
priated out of the general revenues of the City of Fort Collins
for the year 1935 and subsequent years , as may hereafter be
directed by the City Council, unless taken up prior thereto ,
the sum of $1500.00 on account of the payment of semi-annual
interest due November 1, 1934 on $75 ,000 00 face value of
conduit bonds of the City of Fort Collins, and registered
warrants bearing interest not to exceed 4% of the City shall
be issued to cover the amount required therefor , not to exceed
the sum of $1500.00 , the denomination and rate of interest of
-1-
said warrants to be as directed by the Commissioner of
Finance , which said sum, when this ordinance shall take
effect , shall be credited on the books of the City Clerk and
City Treasurer to Emergency Conduit Bond Interest Fund
Section 2 In the opinion of the City Council
an emergency exists for the preservation of the public health,
peace and safety, and this ordinance shall take effect upon
its passage and publication, 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 members of the City Council at a
regular meeting, held this 26th day of October, A D 1934
Commissioner of Safety and Ex- fficio
Mayor
ATTEST
City Clerk
STATE OF COLORADO , )
ss
County of Larimer )
I, A J ROSENOW, City Clerk of the
City of Fort Collins , do hereby certify and declare that the
foregoing Ordinance , consisting of two (2) sections , was duly
proposed and read at length at a regular meeting of the City
Council, held on the 26th day of October, A D 1934 , and was
duly adopted and ordered published- in the Fort Collins Express-
Courier, a daily newspaper and the 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-wit the 1st day of Novembep,
A D 1934, said Ordinance No 15 was duly published in The
Fort Collins Express-Courier, a daily newspaper published in the
City of Fort Collins , Colorado
IN WITNESS WHEREOF, I have hereunto set
my hand and affixed the seal of said City, this 1st day of
November, A D 1934
City Clerk