Imperial Valley press., 1908-10-31


 Bonds of the City of Ei csntro in the
 Amount of Forty Thousand Dollars
 (e40,ooo) for the Purpose of Construct
 Ing by Said City a Septic Sewer System
 for the Collection and Disposal of the
 Sewage of Said City.
 The Board of Trustees of the City of B Centro do ordain as follows:
 Section l. Whereas, The Board of Trustees of the City of El Centro at a meeting thereof held on the Sth day of September, 1908, by a vote of two thirds of all it's members, duly passed and adopted resolution determining that the public interest and necessity demanded the construction by the City of El Centro of certain municipal improvement, to- wit: septic sewer system for the col lection and disposal of the sewage of said city, and that the estimated cost Of said municipal improvement was For ty Thousand Dollars ($40. and such cost was and will be too great to be paid out of the ordinary, annual income and revenue of said city, and said resolution was approved by the executive of said city, to-wit the President of said Board of Trustees on said 8th day of Septem- Der, 1908, at said meeting of said Board, and was duly published on the 18th day of September, 1908, in the Imperial Val ley Press, a. weekly newspaper of gen eral circulation, printed and published in said City of El Centro
 And Whereas, The Board of Trustees of the City of El Centro did thereafter at it's meeting on the 22nd day of Sep tember, 1908, by a vote of thirds of all it's members, duly pass and adopt an ordinance calling a special election to be held on the 18th day of October, 1908, submitting to the qualified voters of said city the proposition of mourning a debt for the sum of Forty Thousand Dollars ($40,000) for the purpose of construct ing septic sewer system for the col lection and disposal of the sewage of said city, and said ordinance was ap- proved by the executive of said city on the 22nd day of September, 1908, and said ordinance was thereupon duly published once a week for two succeeding weeks prior to the 18th day of October, 1908, in the Imperial Valley Press, weekly newspaper of general circulation, printed and published in said city;
 And Whereas. Such special election was duly held on the 18th day of October, 1908, as provided by said ordinance call ing the same and by law for holding municipal elections in said city, and the proposition of mourning a bonded indebt- edness of Forty Tho dsand Dollars ($40,- e00) for the purpose Of constructing by said city of Fl Centro a septic sewer system for the collection and disposal of the sewage of said city, received more than two thirds of the votes of all the voters voting at such election, the said votes standing as follows:
 For said bonds. ..... ITO votes
 Against said bonds.
 And Whereas, All and singular the provisions of the act of the Legislature of the State of California entitled "An Act authorizing the mourning of indebt- edness by cities, towns and municipal corporations for municipal improvements and regulating the acquisition, construc tion completion thereof" becoming a law February 25 1901; and the law and ordinances of said city have been fully complied with so as to authorize the issue of said bonds.
 Now Therefore The Board of Trustees of the City of Fl Centro do ordain: That bonds of the City of El Centro for the sum of Forty Thousand Dollars ($40,0 ,000) be issued in accordance with the pro- visions of the Act of the Legislature of the State of California. entitled "An Act authorizing the mourning of indebtedness by cities, towns and municipal corpora tions for municipal improvements and regulating the acquisition, construction or completion thereof" which said Act be- came a law February 25, 19O1 and with the law and ordinances of said city for the purpose of constructing a septic sewer system for the collection and dis posal of the sewage of said city; that said bonds shall be forty (4O) in number. They shall be designated Septic Sewer Bonds" and shall be issued in the denomination of One Thousand Dollars ($1000) each, and the principal and interest thereon shall be payable in lawful money of the United States; that they shall be dated the first day of November 1908, and bear interest at the rate of five per cent G per cenD per annum, payable semi annually on the first day of May and the first day of November .of each and every year thereafter. Said forty (40) bonds shall be payable in the manner follow ing: Two CD of said bonds on the first day of November, 1909, and two CD of said bonds on the same day and date of each and every year thereafter at the City Treasury of said city, together with interest on all sums unpaid at such date; and said bonds shall be substantially in the following form, to-wit-