HomeMy WebLinkAbout152aRESOLVED that Section eight (8) of the proposed ordinance
entitled "PROVIDING FOR THE SUBMISSION TO THE (;UALIFIED TAX-
PAYING ALErCTORS OF PUBLIC WATER WORKS DISTRICT NUMBER TWO 0. T1
I�UESTIGIT OF ISSUING BONDS FOR THE EXTENSION, IMPROVE.U&NT, $EPAIR
AN MAINTENANCE Oil THE WATER i'IORX.S SYSTEM OF SAID DISTRICT" on
this second reading be amended to read as follows:
Section 8. "If the qualified taxpaying electors within
said district shall authorize the issuance of said bonds, the
Board of Water Works shall by Resolution, fix the date of such
bonds, designate the denomination or denominations, rate of
interest, date of maturitLy, which shall not be more than twenty -
five years from the date of such bonds, and the place 'or places
of payment, within or without the State of Colorado of both
principal and interest as provided in this Ordinance and shall
prescribe the form of said bonds. Such bonds shall be negotialle
in form anck shall recite the title of the act under which they
are issued and shall be executed in the name of the City of
Pueblo and be signed by the President of the Council or other
presiding officer of the City Council and by the City Controller
and be countersigned by the officer then acting as the Treasurer
of said Oity and be attested and signed by the City Clerk and be
sealed with the seal of the City of Pueblo."
Section eleven of said proposed ordinance to be amended
so as to read as follows:
Section 11. "All bonds issued under the provision of this
Ordinance shall previous to the delivery thereof, be duly
registered by the City Treasurer and the City Controller of the
City of Pueblo in a book to be kept for that purpose in his
office."
BE IT FURTHER RESOLVED that the ordinance as amended be
placed on second reading and be read by the City Clerk on second
reading andthat the same be published once in full as amended at
least four days before its final passage.