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BE IT M O LVBD BY T IE CC UNC I L 02 R2 BL 0 :
That the offer of Boo worth -Chanute &- Company
for the exchange of Refand irg Bonds for Public Park
Impr ovem en:t Dis trict No. 1, copy of 'which is hereto
attached, be and the sane is hereby accepted, and
the President of the Council is hereby authorized
to affix his signature thereto, for and in behalf
of the City of Pueblo, and the City Clerk is hereby
authorized to attest the same; and all proceedings
and acts heretofore done in the premises are hereby
c onf it me d and approved.
INTRODUC M May ,1918,
By . �L L:,
o missioner.
BOSWORTH, CHANUTE & COMPANY
INVESTMENT BONDS
May 24, 1918.
Honorable City Council,
Pueblo, Colorado .
Gentlemen:
With regard to the proposed refunding of One Hundred Sixty -one Thousand Dollars
($161,000.00) 5% Bonds of Public Park Improvement District No. 1, of the City of Pueblo, Colorado,
consisting of the balance of two issues of Bonds now outstanding and amounting to $46, 000.00
and $115, 000.00, respectfully, we submit the following proposal:
In consideration of the exercise of your existing option to redeem said Bonds by calling for
payment and refunding, same,
We will secure exchange of said Bonds for an equal amount, dollar for dollar, of the
refunding Bonds so issued; we mill pay the accrued interest on the Refunding Bonds from their
date of issuance to the date that interest is made to cease upon the Bonds being refunded,
according to the duly authorized call for redemption of same , to be made by your City Treasurer.
We have found the proceedings you have so far taken to be correct and in proper form and
our attorneys will co- operate with your City Attorney in proper proceedings necessary to the
redemption, refunding, and exchange of said Bonds at the First National Bank of Pueblo. We also
undertake to perform everything necessary to be done to secure the approval of the Capital Issues
Committee of the Federal Reserve Board at Washington, D.C., if such approval is necessary.
Provided that the proposed Refunding Bonds bear 5% interest , payable semi - annually, be dated as
soon as legally possible, be due twenty years from their elate, payable at the option of the City of
Pueblo ten years from their date or at any time thereafter; said Refunding Bonds to be in the
denomination of One Thousand Dollars each, both principal and interest payable at the office of the
City Treasurer at Pueblo or The First National Bank o f Pueblo, or some bank in New York City,
N.Y., at the option of the holder, and provided that the proper City Officials promptly take such
steps and furnish us copies of such proceedings as our attorneys may request for the completion of
the records and the issuance o f valid and legal Refunding Bonds, we to furnish Bonds.