Imperial Valley press., 1908-09-26

Incurring a Debt in the Sum of Forty
 Thousand Dollars (S4o,ooo.oo) for the
 Purpose or Constructing a Septic Sewer
 System for the Collection and DlsposaI
 of the Sewage of Said City, Provldino
 for the Issue Of Bonds for Said Purpose
 and for the Levy of the Tax for the
 Payment of Said Bonds, Desianatlno
 the election Precinct and Polina Place
 and Appointing Election Officers for
 This Election.
 The Board of Trustees of the City of El Centro do ordain as follows:
 Section 1. Whereas the Board of Trustees of the City of El Centro at a meeting thereof on September Sth, 1908 by a vote of two thirds of all it's mem- bers, duly passed and adopted a reso- luton determining that the public in- terest and necessity demands the con- struction by said city of a certain muni- cipal improvement to- wit: a Septic Sewer System for the collection and disposal of the sewage of said City; and
 Whereas said resolution was approved by the executive of said city to-wit: the President of said Board of Trustees. on the Sth day of September 1908 at said meeting of the said Board. and
 Whereas said resolution was duly pub lshed on the 18th day of September, 1908, in the Imperial Valley Press a weekly newspaper of general circulation, published in said City of El Centro, and
 Whereas the estimated cost of the construction of the said Septic Sewer system is $4O,000 and such cost is and will be too great to be paid out of the ordinary annual income and revenue of said city, and
 Whereas the public interest and public necessity of the City of Fl Centro and of the people thereof demands the con struction of a Septic Sewer System in said City, the cost of which municipal improvement will be too great to be paid out of the ordinary annual income and revenue of said city,
 Section ?. Now therefore, a special election Is hereby called to be held in the said City of Fl Centro, on the 18th day of October, 1908, for the purpose of submitting to the qualified electors of said city, the proposition of incurrng debt for the purposes set forth in said resolution and hereinbefore and herein after stated.
 Section 3. That the object and pur- poses of said municipal improvement and construction of said Septic Sewer System for said city is determined and declared by the Board of Trustees of said city to be for the purpose of collection and dis posing of the sewage of said city and Of the inhabitants thereof and to i'm prove the health of said city and to fur nish the people of said city with proper and sanitary sewage system, the es- tim1ta n yUbioh ment will ne $40O0O; that it is the in tention of said Board of Trustees of said city to submit to the qualified cleo tors of said city on the date mentioned in Section ? hereof, the proposition of mourning a bonded indebtedness of $4O,- 900, and with the money derived from the sale of the bonds pay the cost of said municipal improvement.
 That a special election shall be held in the City of El Centro on the 18th day of october, 1908, as aforesaid, and is hereby called on that day for the purpose of submitting to the qualified voters of said city the proposition of incurring a bonded indebtedness in the sum of $40,0OO prin- cipal, and from the sale of said bonds to pay the cost of building and con structing the said Septic Sewer System
 
 18th day of October 1908, in said City of Fl Centro, California, in all particulars not recited in this ordinance in the man ner provided for by the laws of the State of California and ordinances of said city for such election in said city. That the object and purpose for which said in debtedness is supposed to be incurred is for the construction by said City of El Centro of the aforesaid Septic Sewer System at the estimated cost of $40. .OOO
 Section 4. If the said proposition of issuing Septic Sewer Bonds for the pur- pose herein mentioned be accepted and approved by two-thirds of all the quali- fled voters voting at said election in said city. then in that event, bonds of said City of Fl Centro, California, to the amount of $40,OOO principal shall be is sued and sold for the payment of the cost of said public improvement. Said bonds shall be 40 in number and shall be for the sum of One Thousand Dol lars (S1 O00,0O) each and they shall be serial in character one-twentieth Q-20th) part of the principal of which shall be paid each year An of said bonds shall be dated the 1st day of November. 1908. and bear interest at the rate of Five per