Los Angeles herald., 1905-10-25
Treasurer of the city of Los Angeles.

Treasurer of the City or Los Angeles.
Sec. 2. That the Mayor and Treasurer
of said city are hereby authorized and
directed to sign all of said bonds, and
the City Clerk of said city is hereby
said bonds and to affix the corporate
seal of said city thereto. and the Treas
urer of said city is hereby authorized
and directed to sign the interest cou--
be delivered by said City Clerk to said
City Treasurer in such amounts as the
Council of said city may from time to
time determine; and said City Treas
to sign all of the interest coupons. of
said bonds as aforesaid by his litho-
graphed or engraved signature.
Sec. 8. That the proceeds of the sale
or said bonds snail pe placed III the
treasury of said city to the credit of
fund to be known as the Water Works
Bond 1905 Fund" and shall be applied
exclusively to the purpose mentioned in
this Ordinance. to wit: The purpose OF
ofway and other property, and of con-
other water works, necessary to provide
said City with a water supply in the
Owens River Valley in the County of
Inyo, State of California.
Sec 4. That for the purpose of Sc
curing and providing for the payment
of the principal and interest of said
to be known as Water Works Bonds
1906 Interest and Sinking Fund" That
all the money which from time to time
shall be placed in said fund shall be
and is hereby set apart exclusively for
the purpose of meeting all sums COM
ing due for principal and interest on all
of the aforesaid bonds which may be
issued under the proceedings hereinbe-
fore recited. That for the purpose of
paying the principal and interest of
said bonds, the City Council of said city
shall at the time of fixing the. general
tax levy, and in the manner for such
pnD tn lew l.
lect, annually, each year until such
bonds are paid or until there shall be
sum in the treasury of said city set
apart fo-' that purpose sufficient to
meet all sums coming due for principal
and interest on such bonds, a tax suf-
ficient to, pay the annual interest on
such bonds, and also such part of the
principal thereof as shall become due
before the time for fixing the next gen
eral tax levy. Said tax shall be in ad-
dition to all other taxes levied for mu--
at the same time and in the same man
ner as other municipal taxes are col
lected and forthwith, as collected,
shall be turned over to and paid into
and Sinking Fund" and be used for no
other purpose than the payment of said
bonds and accruing interest;
Sec D. This Ordinance is urgently
required for the immediate preserva-
ton of the public peace, health and
safety; and the city Clerk shall certify
to its passage by tWo-thlruS vote OF
the Council, and cause 1t to be pub
lished once in the Los Angeles Herald
and thereupon and thereafter 1t shall
take effect and be in force,
I hereby certify that the whole num-
ber of members of the City Council of
the City of Los Angeles is nine, and
that the foregoing Ordinance was
passed by a two-thirds vote of said
Council at it's meeting of October %,
1905, by the following vote, to wit:
Ayes-Messrs. Blanchard, Ford Ham,
mon, Healy, Houghton, Kern, Smith and
Summerland (S).
Noes-None.
H. ]. LELANDE,
City Clerk.
Approved this 23d day of October,
1905.
10-25 It Mayor,