Imperial Valley press., 1908-10-10

te0e and Submitting to the Qualified
 Voters of Said City the Proposition of
 lncurrne Debt In the Sum of Forty
 Thousand Dollars (s40ooo.oo) for the
 Purpose or Constructing a Septic Sewer
 System for the Collection and Disposal
 of the Sewage of Said City, Providing
 for the Issue of Bonds for Said Purpose
 and for the Levy of the Tax for the
 Payment of Said Bonds Designating
 the election Precinct and Polling 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 8th, 1908, by a vote of thirds of all it's mem- bers, duly passed and adopted a reso- lution determining that the public in- terest and necessity demands the con struction by said city of 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- lished 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 s40,0O0 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 2. Now, therefore, a special election is hereby called to be held in the said City of IGl Centro, on the 18th day of October, 1908, for the purpose of submitting to the qualified electors of said city, the proposition of mourning 8 debt for the purposes set forth in said resolution and herenbefore and herein- after stated.
 Section 8. That the object and pur-
 
 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- timate cost of which municipal improve ment will De $4OOOO; that it is the in- tention of said Board of Trustees of said city to submit to the qualified elec- tors of said city on the date mentioned in Section 2 hereof, the proposition of incurring a bonded indebtedness of $40,- 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 Fl Centro on the 12th 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 mourning bonded Indebtedness in the sum of $40,000, prin- cipal, and from the sale of said bonds to pay the cost of building and con- structing the said Septic Sewer System, and said election shall be held on the 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
 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 quail fled voters voting at said election in said city then in that event, bonds of said amount of $4000O 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 ($1, ,000.00) each and they shall be serial in character, one-twentieth 120th) part Of the principal of which shall be paid each year. All of said bonds shall be dated the 1st day of November, 1908, and bear interest at the rate of Five per cent 6 per cenD per annum, interest payable semi-annually on the 1st day of May, and the first day of November of each and every year after their issue until paid, principal and interest pay able in Gold Coin of the United States