Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1892-05-05

suspce al bonds, and each certiflcate snail
he signed hy each of the inspectors,
iu,ires and clerks of such election, slaii
be sealed up BY the inspector and IN,
,torSea Election returns" and deposited
with the city clerk, who shall, together
with the city council, within two days
thereafter. canvass such returns and de-
rl.rs the result OF the election.
&c. Q. II three-fiiths OF the legal
hslln,s cast on said question of issuing
bnnsis be in favor Of "Bonds Yes, said
city shall he deemed authorized to borrow
TIE said SUN OF $40. 10000 and issue its
negotiable bonds therefor, and no portion
If the money 50 borrowed shall be used
fw other than strictly municipal pur-
poses.
SEc. 10. All bonds issued in pursu-
snce of the special election herein pre-
yided for, shall be issued in denomina-
tons of one thousand dollars; shall be
numbered from one up, consecutlvely,
shall be payable twenty years from date !;
provided, that any or all OF said bonds
NAV be paid at the option OF said city at
any time after ten years from date, and
shall bear interest at the rate of six per
cent. per annum, payable semi-annually,
with interest coupons attached, and the
PRINCIPAL and interest shall be payable at
the Office of the city treasurer OF said city
or at the Chemical National Bank in the
city Of New York, at the option OF the
holder. and shall bear date on the first
day OF July, 1892. The bonds and each
coupon shall be signed by the mayor,
and attested by the clerk under the seal
Of the said city Of Aberdeen, and the said
MAYOR aud clerk are hereby authorized
50 TO execute said bonds.
SEC. IL. Said bonds shall be printed
or engraved or autographed on good bond
paper Each Of said bonds shall have
printed on the back thereof a duly
authenticated copy Of the said act Of the
legislature, mentioned and referred TO in
Section One OF this ordinance, together
with y copy Of this ordinance. with a
statement signed by the mayor and clerk
Of said city, showing the result OF such
srecizl election.
Sac. 12. The mayor OF said city and
the committee OF finance Of said city
Council are hereby authorized and en-
powered to negotiate and sell the bonds
authorized TO be issued in pursuance OF
this ordinance and such election.
SEC. l3- The treasurer of said city
shall keep a register OF all bonds, issued
in pursuance thereof. which register shall
show the number, date, amount, interest,
name of payee, and when and where
Iayable of each and every bond executed,
issued or sold hereunder.
SEC II. There shall be levied each
year upun the taxable property Of sail
city OF Aberdeen, in addition to the tax
fnr other purposes in said city. tax suffi-
Gent 10 pay the interest on such bonds as
the same accrues. and before
seven years prior to the maturity
thereof, an annual sinking fund
tax sufficient for the payment
of said bonds at maturity, which
taAes shall become due and payable as
other taxes.
SEC. Is. II shall be the duty of the
city clerk to certify upon each bond the
date OF its registration. and to note in the
bond register the number of the bond and
the date Of It's registration.
SEC. Is. THIS ordinance shall be in
force from and after It's passage and pub
LEGATION.
Passed April %, 1892, ard approved by
the mayor April 50, 1892
J. NJ. WEATHERwAx,
Attest: Mayor.
o. ]. LAWRENCE,
City Clerk
Data ri fsrSt qualification, Mav 1000