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544 'TOWN OF THOS ORDINANCES YEAR: � 9 NUIMBER: 5 SAY 4 1 j�� • I • 4 � } t I { TOWN OF TAOS, NEW MEXICO AIRPORT REVENUE BONDS SERIES APRIL 1, 1966 $100, 000. 00` I I i I i I 9 I i STANDLEY.KEGEL AND CAMPOS ATTORNEYS AT LAW PICTROLCUM BUILDING P.O.DRAWER A GANTA Fe. New Mexico 903—j46 1 STATE OF NEW MEXICO ) COUNTY OF .TAOS ) SS. TOWN OF TAOS ) The Board of Trustees of the, Town of Taos, Taos County, New Mexico, met in:session in full conformity with law and the ordinances and rules of said Town, at the Town Hall in said Town, being the special meeting place of said Board, on the 4th day of March, 1966, at the hour of 1:00 P:M. Upon roll call, the following were found to be present: Mayor: • Jesse Virgil Trustees: Palemon R. Martinez Margaret Beutler Sam V. Martinez i John W. Himes Town Attorney: Eliu E. Romero Town Clerk: Molly O. Rivera Absent: None Thereupon, there was introduced, ,read and considered, the follow- ing Ordinance, .to-wit: , N J ORDINANCE NO. 544 ' AN ORDINANCE PROVIDING FOR THE ISSUANCE OF BONDS PURSUANT TO THE PROVISIONS OF SECTION 14-40-6, ET SEQ. , N. M. S. A. , 1953 (P. S. ) TO ENABLE THE TOWN OF t: TAOS TO PREPARE, ACQUIRE, CONSTRUCT OR IMPROVE ITS AIRPORT FACILITY I i'E IT ORDAINED BY THE BOARD O1, 'TRUSTEES OF TIIE TOWN OF TAOS, NEW MEXICO, as follows: Section 1. That in order to provide for the purpose of preparing, acquiring, constructing and improving its airport facility, thy: Board of Trustees of the Town of Taos, New Mexico, on behalf of said Town, shall issue and sell the negotiable coupon bonds of said Town in the aggregate; principal amount of $100, 000. 00, Series April 1, 1966, constituting all of the negotiable coupon revenue bonds. Section 2. . The bonds issued and sold shall be payable both as to principal and interest from the net income of the facilities located at the Taos Municipal Airport, whether or not financed in whole or in part with the proceeds of this bond issue. The net income from the facilities operated by the Town of Taos, New Mexico, at the Taos Municipal Airport shall be placed in a special fund, identified as the "Airport Revenue Bond Fund", and the Town of Taos shall pay from said fund, after provision for all reason- ' able expenses of operation and maintenance, the principal of and interest on said bonds. Said bonds are additionally secured by a pledge of revenl(Cs derived from gasoline taxes fixed and collected under the authority of Sections 14-38-1 through 14-38-4, N. M. S. A. , 1953 Compilation (as amended by Laws 1965, Chapter .300) to the: extent permitted by Section 14-10-10, N. M. S. A. , 1953 Compilation (Po;kct Supplement). Nothing in this Ordinance shall be construed to prevent the Town of Taos from applying to the payment of this bond or the interest thereon, any moneys of the Town of Taos which may . s7rANDLEY.KEGEL AND CANI.M; o ATTORNCY.3 AT LAW PCTROLCUTA BUILDING - - P.O.URAWGR A 2 SANTA Fr. Ncw 14txtcb 003.4346 I , be legally available for that purpose. Section 3. The bonds of said series shall bear date as of April 1, 1966, consist of twenty (20) boilLls in the denomination of $5, 000. 00 each, numbered from 1 to 20, both inclusive, and maturing in regular numerical order, $5, 000. 00 on the 1st day of April in each of the years 1967 through 1976, inclusive, and $10, 000. 00 on the 1st clay of April in each of the years 1977 through 1981, inclusive, and bearing interest at the rate of per cent ( o) per annum, payable October 1, 1966, and semi-annually there- after on the first days of April and October of each year, both principal and interest payable in lawful money of the United States of America, at the office of the Town Clerk of the Town of Taos, New Mexico. Bonds maturing n on and after April 1, 1977, are subject to prior redemption in inverse; numerical order on April 1, 1976, and on any interest payment date thereafter at par plus a premium of five per cent (5T.) of principal. Notice of redemption shall 1)c punlishecl i!, a newspaper of general circulation in the Town of Taos at least thirty (30) days prior to the date of redemption. Section 4. Said bonds shall bear the signature of the Mayor of the Town of Taos, New Mexico, and shall be attested by the signature of the Town Clerk under the seal of said Town. The coupons attached to said bonds shall bear the facsimile signature of the Treasurer of the Town of. Taos, New Mexico, Section 5. No member of the Board of Trustees of the Town of Tads or any person executing the bonds authorized to be issued hcreundc;r shall be personally liable on said bonds and all bonds are payable solely from the sources hereinabove designated. No bond is a debt, liability or general ob- ligation of the Town of Taos, New ;Mexico. Section 6. The said bonds and coupons thereto attached shall be in s*rANDL:Y.IXG�L ANO CAMP 0G .substantially the following form: AT TORN;YS AT L.A%V '.TROLL'UNI.OUILDING Y.O.OitA%Vz*R A SANTA F::. NLW MEXICO - 3 - OU3-4346 v (Form of Bond) UNITED STATES OF AMERICA STATE OF NEW MEXICO TOWN OF TAOS,' NEW MEXICO 1 AIRPORT REVENUE BONDS SERIES APRIL 1, 1966 No. $5, 000. 00 The Town of Taos, in the County of Taos, State of New Mexico, hereby acknowledges its indebtedness, and for value received, promises to pay to the bearer on the 1st day of April, A. D. 19 the sum of FIVE THOUSAND DOLLARS in lawful money of the United States of America, with interest thereon as evidenced by coupons, from the date hereof at the rate of per cent ( 70) per annum, payable semi-annually on the 1st day of April and October in each year, both principal and interest being payable upon presenta- tion and surrender of this bond, or the proper coupon, without deduction for exchange or collection charges, at the office of the Town Treasurer, Taos, New Mexico. *(This bond is subject to prior t edumption on April 1, 1976, and on any interest payment date thereafter at par plus a premium of five per cent (5%) of principal. ) Payment of this bond and interest thereon shall be made solely from, and as security for such payment there is pledged, a special fund, identified as the "Airport Revenue Bond Fund", into which Town of Taos covenants to pay from the revenues to be derived from the operation of its airport facilities, after provision for all reasonable expenses of operation and maintenance, sums sufficient to discharge, when due, the principal of and SYANOLEY.NrGEL AIJO CAMFOG AITONNCYG At LAY! PCTttOLCUM CUIL13INC P.O,DI:AWLR A SANTA F::. - 4 Nrw Mmico 383.4346 f S interest on the bonds of the series of which this is one. Said bonds are additionally secured by a pledge of revenues derived from gasoline taxes fixed and collected under the authority ol. Sections 14-38-1 through 14-38-4, N. M. S. A. , 1953 Compilation (as amended by Laws 1965, Chapter 300) to the extent permitted by Section 14-40-10, N. M. S. A. , 1953 Compilation (Pocket Supplement). Nothing herein contained shall be construed to prevent the Town from applying to the payment of this bond or the interest thereon, any moneys of the Town which may be legally availahle for that purpose. The Town of Taos, New Mexico, agrees with the holder of this bond and with each and every person who may become the holder hereof, that it will keep and perform all the covenants of the ordinance authorizing the issuance of this bond. It is expressly agreed that this bond is payable and collectible solely from the net income of the Taos Airport facilities, whether or not said facilities are financed in whole or in part from the proceeds of the Town of Taos Airport Revenue Bonds, Series April 1, 1966. Said bond is additionally secured by a pledge of revenues derived from gasoline taxes fired and collected Linder the authority of Sections 14-38-1 through 14-38-4, N. M. S. A. , 1953 Compilation (as amended by Laws 1965, Chapter 300) to the extent permitted by Section 14-40-10, N. M. S.A. , 1953 Compilation (Pocket Supplement). The holder of this bond may not look to any general or other funds of said Town for the payment of the principal of or interest on this obligation, other than the "Airport Revenue Bond Fund", and the additional security herein stated. This bond is issued for the purpose of preparing, acquiring, construct- ing and improving Airport Facilities of the Town of Taos, New Mexico, and is issued in strict compliance with the Constitution and laws of the State of New Mexico. STANDLEY.KtGGL AND CAMPOS A7T0i114::Yf.AT LAW PCTROLCUTA UUILDING P.O.DRAWC11 A - - SANTA FC. NrW Mrxlco 983.4346 n p : It is hereby certified that all conditions, acts and things required by the Constitution and laws of the State of New Mexico to exist, to have happened and to have been performed, precedent to and in the issuance of this bond, exist, have happened, and have been performed, and that the issue of bonds t of which this is one is within every limitation prescribed by the Constitution s i and laws of said Statc . IN WITNESS WHEREOF, the Town of Taos, New Mexico, has caused this bond to be signed by its Mayor, sealed with its corporate seal, attested by its Clerk, and the coupons hereto annexed to be signed with the facsimile signature of the Town Treasurer, as of the 1st day of April, 1966. i (Do not sign) (S E A Q Mayor ATTEST: (Do not sign) Town Clerk *(Insert in bonds maturing on and after April 1, 1977) 1. i 1 i I i STA.,:DLEY.KEGEL AND CAMPOS . I ATTORNEYS AT LAW � PETROLEUM BUILDING P.O.DRAWER A 6 SANTA FC. NEW MExlco 988.4946 i (Form of Coupon) Coupon No. $ Series April;l, 1966 i April On the 1st day of October, A.;D. 19 (** unless this bond has been called for prior redemption), the Town of Taos, in the County of i Taos and State of New Mexico, will pay to the bearer, at the office of the i Town Treasurer, Town of Taos, New Mexico, the amount shown hereon in lawful money of the United States of America, solely from the fund , designated in the bond to which this coupon is attached, being the semi- . annual interest due on its Airport Revenue Bond, dated April 4, A. D. 1966, bearing No. (Facsimile Signature) Town Treasurer (** Insert in.coupons maturing October 1, 1976, and thereafter) STANDLEY.KEGEL AND CAMPO ATTORNCYS AT LAW PETROLEUM DUILDING P.O.DRAWGR A 7 SANTA FE. NEW MExlco 983.4346 � I O Section 7. For the purpose of additionally securing the payment of such bonds the Town pledges the receipts of gasoline taxes fixed and collected under the authority of Sections 14-38-1 to 14-38-4, inclusive, N. M. S. A. , 193 Compilation (as amended by Chapter 300, Laws 1965). Said receipts shall be placed into a sinking .fund, held separate and apart from other municipal funds. When said fund equals 1250 of the principal and interest requirements for the fiscal year any additional revenues from gasoline taxes during that year may be transferred to the general fund to be expended as the Board of Trustees may direct. Moneys in the sinking fund shall be transferred semi-annually to the Airport Revenue Bond Fund. Section 8. Moneys in the Airport Revenue Bond Fund shall be first used to pay principal and interest on the bonds herein issued according to their terms. Any moneys remaining in s'.Lid fund shall be transferred annually to a separate fund to be known as "Airport Revenue Bond, Series April 1, 1966, Reserve Fund". When the reserve fund reaches an amount equal to the maximum amount for one yea`s principal and interest requirements on the bonds herein issued, no more deposits need be made into the Reserve Fund unless it is depleted. Moneys in the Reserve Fund shall be used to make up any deficiency in the Airport Revenue Bond Fund. Moneys in the Reserve Fund may be invested in direct obligations of the United States. Section 9. No bonds having a lien superior to the bonds herein issued shall be issued while any of the bonds herein issued are outstanding.' Bonds havinb a lien equal to the bonds herein issued may be issued at any time that the receipts from the municipal gasoline tax of the Town for the preceding twelve months are equal to 150 , of the maximum principal, and interest require- ments of the outstanding bonds and the bonds proposed to be issued. Bonds having a lien inferior to the bonds herein issued may be issued at any time the STAN OLEY.1.LGEL AND CAMPOS A:TORNCYG AT LAW f GTROLEULI DUILDING Y.O.DRAWER A - O - 'iTA Fr, 8 .N.vl MLXICO 963-4346 Town is not in default in the payment of principal of and interest on the bonds herein issued. Section 10. That if, any one or more sections or parts of thi!; Ordinance shall be adjudged unenforceable or invalid, such judgment shall not affect, impair or invalidate the remaining provisions of this Ordinance, it being the intention that the various provisions hereof are severable. Section 11. All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 12. This Ordinance is hereby declared to be an emergency ordinance and it shall be and remain irrepealable until the said Airport Revenue Bonds, Series April 1, 1966, and the interest thereon, have been fully paid, satisfied and discharged as herein provided. IN WITNESS WHEREOF, this Ordinance was adopted by the affix native vote of three-fourths of all the members of the Board of Trustees of the Town of Taos, New Mexico, and after due examination, approved by the Mayor of said Town and attested by the Clerk, and the corporate seal of said Town affixed, on tL.is <f day of March, 1966. APPROVED c2 (S E A Q Mayor ATTEST: s Town rk STAN DLCY.KEGEL AND CAMPOS ATTORNEYS AT LAW PETROLEUM DU1LDING - (� - P.O.DRAWZR A 7 SANTA Fe. n Nrw Mexico 983.43.36 v' r It was then moved by Trustee John W. Himes and seconded by Trustee Sam V. Martinez that all rules of this Board which, unless suspended, might prevent the final passage and adoption of this Ordinance at this meeting, be and the same are hereby suspended. The question being upon the adoption of ,laid motion and the suspension of the rules, the roll was called with the following result: Those voting AYE: A Trustees: Palemon R. Martinez Sam_+V. Martine z Margaret Beutler John W. Himes Those voting NAY: None Four ( 4 ) members of the Board having voted in favor of said motion, the presiding offices declared said motion carried and the rules suspended. Trustee John W. Himes then moved that said Ordinance be passed and adopted as read. Trustee Sam V. Martinez 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: Trustees: Palemon R. Martinez Safn V. Martinez 1 Matirgaret Beutler John W. Himes Those voting NAY: None`. STANDLEY.KEGEL AND CAMPOS i I ATTORNEYS AT LAW PETROLEUM BUILDING I P.O.DRAWER A 10 SANTA FE. NEW Maxico ' 983.4346 The presiding officer thereupon declared that Four ( 4 ) members of the Board 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 published and recorded according to law. 1 Thereupon, there was introduced, read and considered, the following Resolution, to-wit: RESOLUTION WHEREAS, the Town of Taos has adopted an ordinance providing r for the issuance of airport revenue bonds in the principal amount of $100, 000. 00, for the purpose of preparing, acquiring, ;constructing and improving an airport facility in said Town; and . WHEREAS, in accordance with the statutes of the State of New Mexico, it is permissible that said bonds be sold at public sale after advertisement; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF TAOS, NEW MEXICO: Section 1. That the Mayor and Town Clerk be, and they hereby are, authorized and directed to have published a notice of sale of said bonds in the aggregate principal amount of $100, 000. 00 in Santa Fe iv New Mexico a newspaper published in and having general circulation in Tr_ the State of New Mexico, five (5) days prior to the date of sale, said notice to be in substantially the following form, to-wit: STANDLEY,KEGE•L AND CAMPOS ATTORNEYS AY LAW PCTROLEl1M DVILDING P.O.DRAWZR A 11 SANTA FE, _ Ncw Mwco 983.4346 OFFICIAL NOTIC L OF SALE TOWN OF TAOS, NEW 1\,,1EXIC0 AIRPORT REVENUE L'ONDS APRIL 1, 1966 -- $100, 000. 00 PUBLIC NOTICE IS HEREBY GIVILEN that tihe Board of Trusix:es of ti u Tcw.,ln of Taos, New Mexico, will, on Saturday the 12th ?;,y of March 1966, at the hour of 9:00 A. M. , Mountain Standard '11111', at tlhc Office of the Town Clerk, Town Hall, Taos, New Mexico, receive si al, l bR s and publicly open the samc '!.'or th;; purchase of Town of Taos 1ir;�ort R�venuc Bonds, in the: at L. gatc principal amount of X100, 000. 00. SaL! will b:;ar date: as of thc: first ,iay of April, 1966, will be in the Jenoj�,i:nation of S5, 000. 00 each, will bua r interest at a rate not excc din- cent per annum, payable Octobur 1, 1966, and sun-ii-annually thcrcal'-,cr on the first days of April and October in each year, a1nJ will mature 5cric:ll�� in regular numerical order as ,'o11ovis: X000. 00 on the first clay of April in the years 1967 to 1976, ine!usive:`, a.id 10, 000. O% on tln: ;'ii•st Jay oi' April in the years 1977 to 1951, inclusive% notln principal and interest are, payable in lawful moinoy of tine U;hit(.'ci StL', k)l I Ai nerica at tlhe Officc o:t the 'Town Treasurer of the 'Town (;i' Taos. n Nciv. :v uxicl). Said bonds are for th;, nurpose of securing fUlhdS ioi ;:,L do:,, LicCUlsitlon, constluction anal linnp:'OVtlhnetnt of an Airport :-Licil'i-Ly. S:tlli bonds will not constitute adc--br, liability or general oil)ii-;-:-ioih i , of t:ice: To\;-in of Taos, M2,,v \ oxico, and <;hall be payable sololy 1ronn t:'.o net incotnne o. tln� Taos Air-ncrt f'acilit'ies, w.1--cther or not sa'.,-i aciliti:s are fii,,--ncL,l in w ii o1e or in part from the, proce-ods of said bonds. S_ by a plc.clg': of revenues derived from L-01soliiic lfiX,2S EXU(I and Coll: creel under the aut:Horny of Sections 1=1-35-1 through 1-1-138-4, N. 1\4. S. A. , AND ATTORN Z%%;AT,LAW YL7.:G L_U:I GU ILD IN 0.O.U::Av_N A `.AN-I.F.:• NLW.'....% - 1? - t 1953 Compilai�ion (as amended by Laws 1965, Chapter 300) to the extent provii-k:; by Ordinance No. 544 of the Town of Taos. it i:, pci-i-nissible to bid diifei-ent or split rates of interest, provided, ;o.xk2,rc.::-, ti:at (1) no MCI shall snccif} mere than one interest rate for each (2) said interest shall 10e evid.mcc.`d by only one scat of coupons; (3) S..id coupon rates shall be etnly in mLlltiples of one-eighth of one per cent (1/8", or one-t%%vntik:thj of one l)--:r cent (l '20�JO); (4) no more than four separate coupon rates may be bid for thy.; entire: issuo. i)icICiers are roquosted to sulDmit a pica specifying (a) the lowest rata of i,lt�r-est and premium, if airy, above par at w1hich such bidder will purchase 1 such boilc.iS; or (h) the lowest rate of interest at which the bidder will purchase; 1 said; bonds at par. Proposals should be enclosed in a sealed envelope !Harked on r L; outside "Proposals for Purchasc of Airport Revenue Bonds, Town of i� TL,o.-;, l—x Nlc\ico", and adelresseu to Molly O. Rivera F,)wn t Clerk? Tov n of Taos, Nc w Mexico. Sald bonds. will be awarded to the highest and best bidder considering thu i Eoces: rate; or rates specified and premium offered, if any, and su:�ject .o the right of the board of 1-rusoc cs to reject any and all bads and I The highest bid %-ill by de:CiLICLing tiie ufiloL;nt G'; ti:e: pl-LIIiiul» bid, if any, from the Loral amount of interest regLl to 1K t'rom, the elate of the bonds to the respective maturity dates nt ti:�` coul)oiz rate or ;-arcs specified in the f.roposal, and said bonds will be ,,%vnrcic.`J on rh,2 h:1s1:� GL Ln,,' iGw'l st n ;t interest cost. 'I lie purchaser must pay L Lle'cl )iltC::r- cast f1 cal 11 Ll:c elate of thee, bonds to the date of delivery. The bon,is will i,ot be sold for less than par and accrued interest, nor shall any discount or com- lnission b:: allowed or Maid on the salt: of such bonds. The Town o Tc:os re see v: s ti:e privil;:ge of waiting any irccgularity or informality of any bid. GTAN DLCY...C..;ZL A2:0C A...:OL: A^Gtr L'Y5 Al LAW YGT,:GLCU FS UU1L'J17:G P.J..:NAWtiII A SANTA Ft:. - 13 NCY,,TES C)::CO J:'.•.:3•:ti All bids shall be sealed and shall be accompanied by a deposit of five per cent, either cash or certified check, of the amount of the bid (pria:cipal amount plus premium) which shall be returned if the bid is not accepted; and if the successful bidder shall fail or neglect to complete the purchase of said bonds within forty-five (45) days following the acceptance of the hid (or within ten days after the bonds are offered for delivery, which- ever is later), the amount of the deposit shall be forfeited to the Town and in that event the Board of Trustees may accept the bid of the one making the next bid, or if all bids are rejected, the Board of Trustees shall re-advertise said bonds for sale in the same manner as herein provided for the original advcrtisement. If there be two or more equal bids and such bids are the best bids received and for not less than par and accrued interest, the Board of Trustees shall determine which bid shall be accepted. The Board of Trustees will take action awarding the bonds or rejecting all bids not later than twenty-four hours after the expiration of the time herein prescribed for the receipt of the b-.ds. Delivery of the bonds will be made to the successful bidder at some bank in Taos, New Mexico, or else- where at its request and at its expense, within forty-five days of the acceptance of the hid. if for any reason delivery cannot be made within forty-five days thk: successful bidder shall have the right to purchase said bonds during the succc:cding thirty days upon the same terms, or at the request of tine successt'ul during said succeeding thirty days, the good faith deposit will he re- turned land both the Town and said successful bidder will be relieved olf anv further obligation. The legality of the bonds will be approved by Messrs. Standlev. Kegel and Campos, Santa Fe, New Mexico, whose unqualified opinion, together \vith the printed bonds and a complete transcript of the legal proceedings, including STANDLEY.KEGEL AND CAMPOS ' ATTOIINCYL AT I kW YL7a0L£UM CUILDJNG - 14 A.O.Df2A'.YCIt A 6ANTA Fi:. NLW MCXICO oca.ns.:e a certificate stating that no litigation affecting the validity of the bonds is J pending will be furnished the purchaser without charge. BOARD Or TRUSTEES TOWN OT OS, NEW V T By s/ (S is A L,) Pv ayor ATTEST: s/ 11 Clerk w O n STANOLCY.KL CICL AND CAMPO3 ATTORNZYCAT LAW PLTROLCUM DUILDING P.O.Y7iAVe1:R A SANTA FC, IS — Ncw Ycxlco 943-4346 I It was then moved by Trustce John W. Himes and seconded by Trustou Sam V. Martinez , that all rules of this Board which, unless suspcn:11cd, might prevent the final passage; and adoption of this Resolution at this mcutin(y, b�. and the, same are hereby suspci.ded. Tile ciucstion being upon the adoption of said motion and the Suspension of the rules, the roll was called with the following result: Those; voting; AYE: Trustees: Palemon R. Martinez Sam V. Martinez Margaret Beutler John W. Himes Those voting NAY: None Four ( 4 ) memhcrs of tiic Board having voted in J:avor of said motion, tilt presiding officer declared said motion carried and tllc i'uiCS susn(2:dd. Trustee John W. Himes then movc,:l that said Resolution be passed and adopted as road. Trustee: Sam V. Martinez soconded the motion. The questi(_)tl being upon ti:c passage: and adoption of said Ze;solution, the roll was callod with Elio i-oliowing rusult: Thosu voting AYE: Trustees: Palemon R. Martinez Sam V. Martinez Margaret Beutler John W. Himes These voting NAY: Nona; 71-is presiding officer thereu-oon duclarcd that Four ( 4 ) STAN DLUY.;,'CG CL AND C;.MPO AT:On NLY+A:LAW P!:7ROU.UM BUILDING P.O.Oi At•:CnA SA117A PC. 1 i.�tr ttL-a,cu SEZ-.:946 Trustees having voted in favor thereof, the said motion was carried and the said Resolution duly passed and adopted. Thereupon, the meeting adjourned. S Mayor (S L A Q • ATTILST-. S/ _ ©. Town erk n STAN DLEY.1:EG EL AND CAMPO:', ATTORNCYG AT LAW 17 PCTROLCUM OUILDING P.O.ORAW::R A SANTA FC, New Mexleo 1 983-4346 4 STATE OF NEW MEXICO ) ss. COUNTY OF TAOS I, Molly O. Rivera the Town Clerk of the Town of Taos, New Mexico, do hereby certify that the foregoing copy of Ordinance No. 544 is a true and correct copy of said Ordinance, duly adopted at and appearing among the official minutes of a meeting of the Board of Trustees of the Town of Taos, New Mexico, held on the 4th day of March, 1966; that said Ordinance has been duly published as required by law, and has been duly recorded in a book keep for that purpose in my office, and that the foregoing copy of the minutes of said meeting is a true and correct copy of the minutes as the same appear in the official records of said Town. IN WITNESS WHEREOF, I have hereunto set my hand and the official seal of said Town, this 4th day of March, 1966. To , t;,lerk (SEAL) STANDL.EY.KEG= AND Ci.1.fPOS ATTORNLYL AT LAW PEf1:OLCUW DUILDING P.O.OnA%'!:R A 18 SANTA FE, HEW MEXICO 083-4340 STATE OF NEW MEXICO ) COUNTY OF TAOS ) ss. TOWN OF TAOS ) The Board of Trustees of the Town of Taos, Taos County, New Mexico, met in session in full conformity with law and the ordinances and rules of said Town, at the Town Hall in said Town, being the regular meet- June ing place of said Board, on the loth day of =X=4 1966, at the hour of 11:45 A. M. i Upon roll call, the following were found to be present: Mayor: Filemon Sanchez Trustees: J. B. Martinez Sam V. Martinez Jo Himes Town Attorney: Elieu Romero Town Clerk: _u�,,� Absent: Martin Vargas Thereupon, there was introduced, read and considered, the follow- , ing Ordinance, to-wit: STANDLEY.KEGEL ANO CAMPOS ATTORNEYS AT LAW PZTROLEUM DUILDING - 19 P.O.DRAWCR A SANTA F6. N¢W Mcxlcc, 988.4$46 ORDINANCE NO. 546 AN ORDINANCE AMENDING ORDINANCE NO. 544, RELATING TO THE ISSUANCE AND SALE OF TAOS AIRPORT REVENUE BONDS, SERIES APRIL 1, 1966 BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF i I TAOS, NEW MEXICO: Section 1. That Section 3 of Ordinance No. 544 is hereby amended to read: I "Section 3. The bonds of said series shall bear date as of April 1, i 1966, consist of twenty (20) bonds in the denomination of $5, 000. 00 each, , i Inumbered from 1 to 20, both inclusive, and maturing in regu'-.r numerical i order, $5, 000. 00 on the lst day of April ii, each of'the years 1967 through 1976, inclusive, and $10, 000. 00 on the 1st day of April in each of the years 1977 through 1981, inclusive, and bearing interest at the rate of five per cent (5%) per annum by coupons designated "A" on bonds maturing April 1, 1967, to and including April 1, 1976, and interest at the rate of five and one- quarter per cent (5-1/4%) on bonds maturing April 1, 1977, to and including April 1, 1981, plus additional interest by coupons designated "B", at the rate of one per cent. (1%) per annum for the period from April 1, 1966, to April 1, 1934, payable October 1; 1966, and semi-annually thereafter on the first days of April and October of each year, both principal and interest payable in lawful money of the United States of America, at the office of the Town Clerk- of the Town of Taos, New Mexico. Bonds maturing on and after April 1, 1977, are subject to prior redemption in inverse numerical order on April 1, 1976, and on any interest payment date thereafter at par plus a premium of five per cent (5%) of principal. Notice of redemption shall be published in a newspaper of general circulation in the Town of Taos at least thirty (30) clays prior to the date of redemption " STANDL-"Y.KEGEA- AND CAMPOS ATTORNEYS AT LAW PETROLCUM 4WLDIN0 P.O.DRAWCR A - 20 SANTA FC, Naw Mrxlco 003.4346 1 �i Section 2. That Section 6 of Ordinance No. 544 be amended to read: "Section 6. The said bonds and coupons thereto attached shall be in substantially the following form: i STANDLEY.KEGEL AND CAMPOS ATTnRNCYS AT LAW PETROLEUM DUILDING n1 P.O.DRAWER A 21 SANTA Ft. NEW MEXICO 983.4346 (Form of Bond) UNITED STATES OF AMERICA STATE OF NEW MEXICO TOWN OF TAOS, NEW MEXICO AIRPORT REVENUE BONDS t SERIES APRIL 1, 1966 No. $5, 000. 00 The Town of Taos, in the County of Taos, State of New Mexico, hereby acknowledges its indebtedness, and for value received, promises to pay to the bearer on the 1st day of April, A. D. 19 the sum of • t FIVE THOUSAND DOLLARS in lawful money of the United States of America, with interest thereon as evidenced by coupons designated "A", from the date hereof at the rate of per cent ( o) per annum, together with additional interest by coupons designated "B" at the rate of one per cent (1%) per annum for the period from April 1, lyvu, to April 1, 1976, payable semi-annually on the 1st day of April and October in each year, both principal and interest being payable upon presentation and surrender of this bond, or the proper coupon, without deduction for exchange or collection charges, at the office of the Town Treasurer, Taos, New Mexico. *(This bond is subject to prior redemption on April 1, 1976, and on any interest payment date thereafter at. par plus a premium of five per cent (570) of principal. ) Payment of this bond and interest thereon shall be made solely from, and as security for such payment there is pledged, a special fund, identified as the "Airport Revenue Bond Fund", into which the Town of Taos covenants to pay from the revenues to be derived from the operation of its airport facilities, after provision for all reasonable expenses of operation and maintenance, sums Sufficient to discharge, when due, the principal of and STANDLEY.ICEGEL AND CAMPOS ATTORNCYS AT LAW PCTn0LCU)4 DUILDING — 22 P.O.DRAWER A SANTA FC, N¢w Mr%ICO 903.4340 interest on the bonds of the series of which this is one. Said bonds are additionally secured by a pledge of revenues derived from gasoline taxes fixed and collected under the authority of Sections 14-38-1 through 14-38-4, N. M. S. A. , 1953 Compilation (as amended by Laws 1965, Chapter 300) to the extent permitted by Section 14-40-10, N. M. S. A. , 1953 Compilation (Pocket Supplement). Nothing herein contained shall be construed to prevent the Town from applying to the payment of this bond or the interest thereon, any moneys of the Town which may be legally available for that purpose. The Town of Taos, New Mexico, agrees with the holder of this bond and with each and every person who may become the holder hereof, that it will keep and perform all the covenants of the ordinance authorizing the issuance of this bond. It is expressly agreed that this bond is payable and collectible solely from the net income of the Taos Airport facilities, whether or not said facilities are financed in whole or in part from the proceeds of the Town of Taos Airport Revenue Bonds, Series April 1, 1966. Said bond is additionally secured by a pledge of revenues derived from gasoline taxes fixed and collected under the authority of Sections 14-38-1 through 14-38-4, N. M. S. A. , 1953 Compilation (as amended by Laws 1965, Chapter 300) to the extent permitted by Section 14-40-10, N. M. S.A. , 1953 Compilation (Pocket Supplement). The holder of this bond may not look to any general or other funds of said Town for the payment of the principal of or interest on this obligation, other than the "Airport Revenue Bond Fund", and the additional security herein stated. This bond is issued for the purpose of preparing, acquiring, construct- ing and improving Airport Facilities of the Town of Taos, New Mexico, and is issued in strict compliance with the Constitution and laws of the State of New Mexico. LTANDLEY.KEGEL ANO CAMPOS ATTONNCYS AT LAW PCTIZOLCUM OUILOING P.O.DRAWZR A _ 73 V SANTA F . Nrn Mrxlco 065.43•:6 It is hereby certified that all conditions, acts and things required by the Constitution and laws of the State of New Mexico to exist, to have happened and to have been performed, precedent to and in the issuance of this bond, exist, have happened, and have been performed, and that the issue of bonds of which this is one is within every limitation prescribed by the Constitution and laws of said State. IN WITNESS WHEREOF, the Town of Taos, New Mexico, has caused this bond to be signed by its Mayor, sealed wi,', its corporate seal, attested by its Clerk, and the coupons hereto annexed to be sigi,;d with the facsimile signature of the Town Treasurer, as of the 1st day of April, 1966. (Do not sign) (S E A L) Mayor ATTEST: (Do not sign) Town Clerk *(Insert in bonds maturing on and after April 1, 1977) £TANDLEY,KEGEL. AND CAMPOS ATTORNCYS AT LAW PCTlOLCU14 DUILDING P.O.DRAWCR A - 24 SANTA PC. NNW ML:XICO 983-4L46 i 1 (Form of"A" Coupon) Coupon No. $ Series April 1, 1966 April On the 1st day of October, A. D. 19 (** unless this bond has been called for prior redemption), the Town of Taos, in the County of Taos and State of New Mexico, will pay to the bearer, at the office of the Town Treasurer, Town of Taos, New Mexico, the amount shown hereon in lawful money of the United States of America, solely from the fund designated in the bond to which this coupon is attached, being the semi- annual interest due on its Airport Revenue Bond, dated April 1, A. D. 1966, bearing No. (Facsimile Signature) Town Treasurer (** Insert in coupons maturing October 1, 1976, and thereafter) STANDLEY.KEGEL AND CAMPOS ATTORNEYS AT LAW PETROLEUM BUILDING P.O.DRAWER A - 25 - SANTA Fe. New Mmeo 983.4346 (Form of "B" Coupon) Coupon No. $ Series April 1, 1966 On the 1st day of April , A. D. 19 the Town of Taos, in October the County of Taos and State of New Mexico, will pay to the bearer, at the office of the Town Treasurer, Town of Taos, New Mexico, the amount shown hereon in lawful money of the United States of America, solely from the fund designated in the bond to which this coupon is attached, being the sem'-annual additional interest due on its Airport Revenue Bond, dated April 1, A. D. 1966, bearing No. (Facsimile Signature) Town Treasurer " STANDLEY.KEGEL AND CAMPOS ATTORNCYS AT LAW PETROLEUM DUILDING 6 ` P.O.DRAWER A 2 L SANTA FE, New Mexico 989-4848 0 IN WITNESS WHEREOF, this Ordinance was adopted by the affirmative vote of three-fourths of all the members of the Board of Trustees of the Town of Taos, New Mexico, and after due examination, approved by the Mayor of said Town and attested by the Clerk, and the corporate seal of said Town affixed, on this day of March, 1966. APPROVED: S dr.'AV4__X A-1- {S L A L) Mayor ATTEST: s/ v TQ n C lf erk i 1 S TAN DLEY.KEGEL AND CAMPOS ATTORNEYG AT LAW PETROLEUM BUILDING 27 P.O.ORAWCR A SANTA FE. NEW MExico 983.4348 It was then moved by Trustee Sam Martinez and seconded by Trustee J. B. Martinez , that all rules of this Board which, unless s.11spc;nded, might prevent the final passage and adoption of this Ordinance: at ':his mrscting, be and the same are hereby suspended. The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result: Those voting AYE: Trustees: J. B. Martinez ; Sam Martinez John Hime s Those voting NAY: None Three ( 3 ) members of the Board having voted in favor of said motion, the presiding officer declared said motion carried and the rules suspended. Trustee Sam Martinez then moved that said Ordinance be passed and adopted as read. Truster", J. B. Martinez 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: Trustees: J. B. Martinez Sam Martinez John Hime s Those voting NAY: None S':ANDLCY.:MGEL AND CAMPOS ATTORNEYS AT LAW PZTROLEUM 3UILDING :.O.URAWZ.R A 28 SANTA Fv. Nov:t.:=x.co Ua3-5346 The presiding officer thereupon declared that Three 3 ) members of the Board having votcLi 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 published and recorded according to law. Thereupon, there was introduced, read and considered, the following Resolution, to-wit: RESOLUTION WHEREAS, the Town of Taos has adopted an ordinance providing for the issuance of airport revenue bonds in the principal amount of $100, 000. 00, for the purpose of preparing, acquiring, constructing and improving an air- port facility in said Town; and WHEREAS, in accordance with the statutes of the State of New Mexico, it is permissible that said bonds be sold at public sale after advertisement; and WHEREAS, after due notice bids were opened for the sale of said bonds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF TAOS, NEW MEXICO: That the bid of Hanifen, Imhoff & Samford, Inc. be accepted, it being the lowest and best bid received. STANDLEY.KEGEL AND CAMP03 - 29 - ATTO,"iNEYS AT LAY! PLTIIOLCUM BUILDING T.O.DRAY14R A SANTA FL. NEW b"txlco 983-4346 i It was then moved by Trustee Sam Martinez and seconded by Trustee J. B. Martinez , that all rules of this Board which, unless suspended, might prevent the final passage and adoption of this Resolution at this meeting, be and the same are hereby suspended. The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result: Those voting AYE: Trustees: J. B. Martinez Sam Martinez _John Himes Those voting NAY: None Three ( 3 ) members of the Board having voted in favor of said motion, the presiding officer declared said motion carried and the rules suspended. Trustee Sam Martinez then moved that said Resolution be passed and adopted as read. Trustee J. B. Martinez seconded the me-tion. The question being upon the passage and adoption of said Resolution, the roll was called with the following result: Those voting AYE: Trustees: J. B. Martinez Sam Martinez John Hime s Those voting NAY: None The presiding officer thereupon declared that Three ( 3 ) 5TANDLEY,KCGEL AND CAMPOS ATTORNEYS AT LAW PCTROLCUM LUILOING P.O.DRA\'/ER A — 30 -. SANTA Fr. NEVI hlcxlco 983.4346 Trustees having voted in favor thereof, the said motion was carried and the said Resolution duly passed and adopted. Thereupon, the meeting adjourned. S/ ayor (S L A L) ATTEST: s Town/Clerk GTANDLEY.KCGEL AND CAMPOS ATTORNEYS AT LAW 31 PETROLEUM DUILDING P.O.DRAWER A SANTA FE. NEW MEXICO 983.4348 STATE OF NEW MEXICO ) ss. COUNTY OF TAOS ) 1, Carolyn Paar the Town Clerk of the Town of Taos, New Mexico, do hereby certify that the foregoing copy of Ordinance No. 546 is a true and correct copy of said Ordinance, duly adopted at and appearing among the official minutes of a meeting of the Board of Trustees of the Town of Taos, New Mexico, held on the 10th day of June Ala , 1966; that said Ordinance has been duly published as required by law, and has been duly recorded in a book keep for that purpose in my office, and that the foregoing copy of the minutes of said meeting is a true and correct copy of the minutes as the same appear in the official records of said Town. IN WITNESS WHEREOF, I have hereunto set my hand and the June official seal of said Town, this 10th day of Mamck, 1966. Tow,K Clerk (S E A L) STANDLEY.KEGEL AND CAMPOS ATTORNEYS AT LAW PETROLCUM 13UILDING �� _ P.O.DRAWL'R A SANTA FE, NEW MCX1CO 083.4346 0 J (Here insert Affidavit of Publication of Ordinance) a STANDLEY.KEGEL AND CAMPOS ATTORNEYS AT LAW PETROLEUM BUILDING - 33 - P.O.DRAWtR A SANTA Ft. NEW MEXICO 963.4346