El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-03-18

payment of the principal and interest
of said bonds, until the same are fully
paid, satisfied and discharged
Sec. 6. That there shall be, and
| there is hereby, against and levied an
nually upon each dollar advalorem
valuation of the taxable property, real
and personal in the city of FL Paso the
sum of one mill or as much thereof as
may be necessary, requisite and suffi-
cient to fully make, create, constitute,
raise and produce the said moneys re-
quired far the said sinking fund and
Interest land should the sam be INSULT
cient, then the proper assessing, levy
ing and collecting officers of said city
shall, and it is hereby made their duty
to, annually in due time. form ard
manner, and at the same time the other
city taxes are assessed and levied to
compute, asce tain. est mate and de-
clare the sum of money required to be
LEVIED, assessed, taxed aud collected
upon, of and from said taxable property
to fully and completely raise and con-
stitute said sinking and interest fund
and it shall be their duty TO assess, levy
and collect the sum of money required
to be raised, when so ascertained, AZ
nually, and to see that the same is
collected and applied to the said
fund. And it is hereby made the
spec al duty of the mayor, city council,
city tax assess or and collector and the
city treas urer of the said city of Ell
Paso, and of all the other officers
and assassin g and collecting the sam
and with the custody thereof, to see
that this ordinance is carried into
effect and enforced in respect to the
Great on of the aforesaid fund and the
ASS ssment, levying and collection OF
the taxes and revenues designed to
create aud maintain said fund; aud il
shall also be their duty to see that the
said take ard revenues, when collect
3D.. are paid into the city treasury
applied in accordance with the
provisions of this ordinance and the
| CONSTITUTION and laws of the state Of
Texas. And in the event of the
neglect or refusal of said city, or if its
proper officers, to Jmpute, ascertain,
ssess and levy said taxes as required
by this ordinance, and the statutes in
| such cases made and provided and to
make the provision for the aforesaid
fund and its maintenance, the state
comptroller of public accounts shall
act to that end, as required by section
90 of the charter of said city, and he ii
hereby auth orized to do so in &C
| cordance with the provisions of said
section 81.
Sec. I. The taxes levied by this or.
dinance shall be levied annually and
collected until said bonds and interes,
are fully paid and discharged; aud
when collected shall be PAID into the
city treasury and applied to the pay.
ment of interest and to the creation
of the sinking fund above provided
| for. Whenever there are one thous
aud dollars in the city hall fund, the
same may be used in the redemption
of the bonds Issued under this ordi.
nance or invested in good interest
bearing securities, as the city council
may direct; provided, however, tina,
such securities shall mature prior to
the maturity of the bonds in this Or
dinance provided for, and that any
and all SUI h Investments shall only be
made on the approval of the state
comptroiler.s
Sec. 8. The city treasurer shall
make to the ely council quarterly Sc
parate reports as to the status and
condition of the said city hall fund.
| Sec. 9. This ordinance shall take
| effect aud be in force when the same
| has been ratified by majority of the
| qualified voters of the city of Ell Paso
who paid taxes on property in said
city, as shown by the last assessment
roll, voting at an election held for the
purpose of determining whether or
not the bonds specified and provided
| for in thus ordinances shall be issued
1t was then moved and passed that a
special election be called on the 26th
day of April for the public vote on the
| bond issue.
| The pay roll of the sewer department
amounting t. 81 and the pay roll of $40
for extra help IN The engine er's office.
| were ordered paid.
Attorney Hawklr S, representing G.
b. Eddy, then placed his two ordiu-
ances before the council for fran
| chise on several sire cts and alleys lead
ing to the proposed levee, and right
| of way along that levee.
1t was then suggested that it be re-
ferred to the ordinance commit ee I'M
til Monday night, when special ses-
sion should be called, but as Alderman
Coldwell objected to such hasty action.
1T was carried over until next regular
meeting.
Whereupon Mr.. Hawkins, address,
, ed the council in behalf of the petition
IN part as follows:
I'VE do not desire to hurry this &C.
tion," said he, 'but The mayor and
property OWL erss have impressed us
with the gr eat necessity of finishing
this levee b, fl re the sprirg foods, and
as We have spared neither money nor
work in pr recurring the deeds to land
along the proposed levee site, we beg
that council after due consideration,
NAV grant our petition, that cOnstruc-