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HomeMy WebLinkAbout005 - 03/26/1921 - RELATING TO AN APPROPRIATION FOR THE PAYMENT OF OUTSTANDING WARRANTS AND INTEREST, HERETOFORE ISSUED ORDINANCE NO. �, 1921, BEING AN E2LERGFNCY ORDINANCE RELATING TO AN APPROPRIATION FOR THE PAY,AENT OF OUTSTANDING WARRANTS AND INTEREST , HERE- TOFORE ISSUED FOR THE LOWERING AND RE00?TSTRUCTION OF THE MUNICIPAL RAILWAY IN WEST 20UNTAIN AVENUE IT.PROMAENT DIS- TRICT NO. 8. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT COLLINS: Section 1. Whereas, pursuant to Ordinance No. 17, 1920 , a eating West ;fountain Avenue Improvement District No. 8, and providing for the construction of permanent paving therein, it became necessary to lower and reconstruct the municipal railway in said West ,ountain Avenue Improvement District No. 8, and to issue warrants in payment therefor, which said warrants are interest bearing warrants and out- standing at the date hereof , and it has become necessary by reason of the failure to make any appropriation in the annual appropriation ordinance for the fiscal year ending December 31st , 1921, to provide for the payment of said warrants with accrued interest thereon by a special appropriation for said purpose. Section 2. That there be and hereby is ar- pro- priated out of the revenues of the City of Fort Collins, and not otherwise appropriated, for the fiscal year ending Decem- ber 31st , 1°M , the sum of Fourteen Thousand Six Hundred Eighty- six and 34/100 Dollars (414 ,686.34) , for the purpose of paying the principal of the warrants already issued and outstanding and accrued interest thereon, for the lowering and reconstruc- tion of the municipal railway in West fountain Avenue Improve- ment District No. 8, which said appropriation shall be known and designated on the books of the City Clerk and of th City Treasurer as municipal railway .�t•I'�bf 4ammV , and all warrants issued and outstandin;; with interest accrued thereon to the date of payment shall be paid by the City Treasurer out of said appropriation. Section 6. This ordinance is hereby declared to be an e:.aergency ordinance under and by virtue of the pro- visions of Section 13 of Article XIX of the City Charter, as being; necessary for the preservation and safety of public property, and it is necessary for this ordinance to be passed finally upon the date when it is introduced, by reason of the emergency for the preservation of the public health and safe- ty and under and in pursuance of the authority contained in Sections 6 and 9 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 26th day of larch, A.U . 1S21 . o_..yieic,iar o a ty .na x PiC`is z '02 . ATTEST: City U.Lark. STATE OF COLORADO ) SS. COUNTY OF LARIMI,R I , A. J. ROSENOW, City Clerk of the City of Fort Collins, do hereby certify and declare that the fore- going ordinance consisting of three (3) sections was duly proposed and read at length at a regular meeting of the City Council held on the 26th day of March, A.D. 1'�21, and was duly adopted and ordered published in the Fort Collins Courier , a daily newspaper and the official newspaper of the City of Fort Collins, by the unanimous vote of all mem- bers of the Council, as an emergency ordinance, in accord- ance with the provisions of Sections 6 and 7 of Article IV of the City Charter; and thereafter, on towit : the 3 o day of �crc . , A.D. 1921 , said Ordinance No. S was ,duly published in the Fort Collins Courier , a daily news- paper published in the City of Fort Collins, Colorado. IN WITNFSS WHEREOF, I have hereunto set my hand and affixed the seal of said City this 3o day of A.D. 121. City Clerk.