HomeMy WebLinkAboutMINUTES Town Board 1940-09-19239
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Minutes of a..,.sp.e.cial ...rric.)oting of the Board of Trustees of the 'town of Estes Park, Larimer
County, Colorado,. Meeting held in the Town Hall in said Town of Estes Park on the .19
130 otclock P.M.
day of. Septerrthei A„ D, 19,4.0_ at rIQX :ig.V4 hour,
Meeting called to order by Mayor_ C N 1-14QXWeja
present: pyllorC.N.. Rockwell Trustees: Guy W. Albright,
B.C. Brodie, G.E. Casey, R.H. Lindley, Glen H,
Preston, George H. Watson,
Clerk: Verne H. Fanton
Absent; None
Trustee Albright introduced a resolution with reference to
the refunding of the outstanding bonded indebtedness of
the town in the aggreate amount of Seventy -Five Thousand
Dollars, described as follows:
Seventy -Five Thousand Dollars ($75,000.00) Town
of Estes Park, Colorado, Water Extension. Bond, dated
September 15, 1940, due September 15, 1950, redeemable at
any time prior to maturity, bearing interest at the rate
of Two and Three -Quarters Per Centum (2 3/4%) per annum,
payable semi-annually, and consisting of one (1) bond.
in the denomination of Seventy -Five Thousand Dollars
($75,000.00), numbered One (1);
which resolution was thereupon read irfull, and is inwords
and figures as follows, to -wit:
RESOLUTI 0 N
WHEREAS, The Town of Estes Park has outstanding
and unpaid a bonded indebtedness tothe amount of Seventy
-
Five Thousand Dollars ($751000.00)
AND WHEREAS Said. bond may be refunded under the
laws of the State of Colorado, and. thus the time for the
payment of the plym ' . said indebtedness extended.; and
Whereas, There are nofunds in the treasury of
said Town available for the redemption of said bond; and
WHEREAS, The. Board. of Trustees is of the opinion,
and so finds, orders, certifies and determines, that said
indebtedness may and should be refunded and the time of
payment thereof extended by the issuance of refunding bonds
of said Town, in pursuance of the provisions of an Act of
the General Assemblyof the State of Colorado, entitled:
"An Act to enable cities and towns to refund their bonded
indebtedness", approved March 16, 1921, and appearing as
Sections 259 to 267 inclusive, Chapter 163, Colorado Statutes
Annotated, 1935, and all acts amendatorythereof and
supplemental thereto,
NOW, THEREFORE, BE IT RESOLVED by the Board of
Trustees of the Town of Estes Park, that the said Town of
Estes Park shall issue and cause to be exchanged dollar for
dollar for the bond to be refunded under the provisions of
the Act hereinbefore referred to, new bonds of the. Town to.
be denominated "Refunding Water Extension Bonds", in the
aggregate principal amount of Seventy -Five Thousand Dollars
bearing date October 1, 1940, bearing interest at the rate of
Two and. Three -Quarters Per Centum per annum, which rate of
interest does not exceed the rate upon the bond to be
refunded, payable semi-annually on the First day of April
and the first day of October in each year, said bonds
maturing as follows:
240
nof 119aVt., &mer County, Colorado, , 19
Minutes of a, meeting of the Board of Trustees of the Town of Estes Park, Lorimer
County, Colorado, Meeting held in the Town Hall in said Town of Estes Park on the
day of. A. D, 19 at regular meeting hour.
Meeting called to order by Mayor.
Present: Mayor Trustees:
Two Thousand Five Hundred Dollars thereof in
consecutive order on the First day of October in each of
the years 1942 to 1959, inclusive; and Five Thousand
Dollars thereof in consecutive order on the First day of
October in each of the years 1960 to 1965, inclusive;
said Refunding Water Extension Bonds to be exchanged dollar
for dollar .for the bond to be refunded, as provided by the
Act authorizing the issuance of the same; and
BE IT FURTHER RESOLVED, That said Board of
Trustees of the Town of Estes Park determine and it doe
r hereby detemine, that the amount of the said Refunding
Water Extension Bonds to be issued as aforesaid shall be
Seventy -Five Thousand Dollars and that a Certificate of
Determination be made and entered upon the records of
the Town prior to the issuance of said Refunding Water
Extension Bonds, as provided by law.
It was thereupon rnoved by Trustee Preston and
seconded by Trustee Lindley that said resolution as read be
adopted.
The question being upon the adoption of said
resolution as read, the roll was called with the following
results: Those voting Aye: Albright, Brodie, Casey, Lindley,
Preston, Watson. Those voting Nay: None.
The Mayor, as presiding officXer, thereupon
declared the resolution adopted.
Thereupon Trustee Watson introduced an ordinance
entitled:
"An Ordinance providing for the issuance by the
Town of Estes Park, in the State of Colorado, of its
negotiable coupon bonds in the aggregate amount of Seventy
Five Thousand Dollars to be disignated 'Refunding Water
Extension Bonds', for the purpose of refunding W like amount
of the outstanding bonded indebtedness of said Town, prescrib-
ing the form of said Refunding Water Extension Bonds, providing
for the, levy and collection of an annual tax and the pledge of
water revenues to pay the same, principal and interest; repealing
all ordinances, resolutions, or parts thereof, in conflict here-
with and declaring an emergency";
which ordinance was thereupon read in full.
It was then moved by Trustee Casey and seconded
by Trustee Lindley that all rules of this Board which might
prevent, unless suspended, the final passage and adoption
of this ordinance at this meeting, be and the same are hereby
suspended for the purpose of permitting the final passing and
adopting of said ordinance at this meeting.
The question being upon the adoption of said
motion and suspension of the rules, the roll was called with
the following result: Those voting Aye: Albright, Brodie,
Casey, Lindley, Preston, Watson. Those voting Nay; None.
Six members of the Board of Trustees having
voted in favor of said motion, the presiding offiaer
declared said motion carried and the rules suspended.
n of Coteo Peak, Larimer County, Colorado,. . , 19 .
Minutes of a meeting of the Board of Trustees of the Town of Estes Park, Larimer
County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the
day of , A. D. 19 at regular meeting hour.
Meeting called to order by Mayor
Present: Mayor Trustees:
Trustee Lindley then moved that said ordinance
heretofore introduced and read in full at this meeting,
be now placed upon its passage. Trustee Watson seconded
the motion, and the question being upon the placing of
said ordinance upon its passage, the roll was called
with the following result:
Those voting Aye: Albright, Brodie, Casey, Lindley,
Preston, Watson.
Those voting Nay: None
The presiding officer declared the motion carried
and the prdinance placed upon its passage.
Trustee Preston then moved that said ordinance
be passed and adopted as read.
Trustee Albright seconded the motion.
The question being upon the passage and adoption
of said ordinance, the roll was called with the following
result:
Those voting Aye: Albright, Brodie Casey,
Lindley, Preston, Watson.
Those voting iay: Lone
ie presiding officer thereupon declared that
three -fourths of all the Trustees elected having voted in
favor thereof, the said motion was carried and the said
ordinance duly passed and adopted.
On motion duly adopted, it was ordered that said
ordinance be numbered 9.1 and after approval by the Mayor,
be published as in said ordinance provided, and be recorded
according to law.
There being no further business to come before the
meeting, it was regularly moved, seconded and carried
that the meeting adjorn.
Mayor
Attest:
0 O O if 0 0 fie