The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1908-02-21
Ordinsnce No. Sc.

An Ordinance authorizing the issu-
ance of refunding bonds to the amount
OF two thousand dollars for the payment
OF the present outstanding bonds of the
City OF Pembina, making an appropria-
ton therefor and levying tax for the
payment of interest thereon aad for the
creation of sinking fund for the final
redemption of-said bonds.
Be it ordained by the City Council of
the City of Pembina
Section l. The mayor and auditor of
the City of Pembina, Nor.h Dakota, are
hereby authorized to issue refunding
bonds of the City of Pemblna, North
Dakota, in the sum of Two Thousand
Dollars (s2,OOOOO), in denominations as
follows 7: Two ~ bonds for One Thou
sand Dollars each payable in Ten years
from the date thereof, said bonds to
bear date March LIST, 1908, and bear in
terest at the rate of four per cent. per
annum, payable annually at the office of
the State Treasurer in the City of Bis
marck, North Dakota. The interest on
each bond to be evidenced by interest
coupons attached thereto, and be signed
by the mayor and attested by the audi
tor and the seal of said city shall be
affixed to the bonds but not to the
coupons.
Section 2. The mayor and auditor of
the City of Pembina are hereby author
lied and empowered to sell said bonds
to the State of North Dakota at par and
from the proceeds arising from the sale
thereof to redeem and cancel the pres
ent outstanding and past due bonds of
the City of Pembina, which bonds bear
date March LIST, 1893, and were due and
payable March 1st, 1903, being bonds
numbered 8, 9, 10 and II, for the sum of
Five Hundred Dollars each, for the
redemption of which bonds the refund
ing bonds herein provided for are
issued.
Section 3. There is hereby appropri-
ated cut of the monies that shall come
into the city treasury of the City of
Pembina, from the levy of taxes herein
after to be made for that purpose, the
sum Of Eighty Dollars (SSO.OO) annually
for the payment of the interest on the
bonds to be issued as hereinbefore pro-
vided, and also the sum of Two Hun
dred Dollars annually to create sink
ing fund for the payment of the principal
amount of said bonds at maturity
thereof.
Section 4. Be it further ordained by
the City Coun Ill of the City of Pembina
that there be, and there is hereby levied
for the years 1903 to 1917 inclusive, an
annual tax upon all the taxable property
subject to taxation within the organized
boundaries of the City of Pembina as
follows /: Eighty Dollars $4,000 for the
payment of the annual interest, and Two
Hundred Dollars to create a sinking
fund to pay the principal when due of
Two Thousand Dollars (s2,OO0.OO), re-
funding bonds in this ordinance herein
provided for. And it shall be the duty
of the city auditor of the City of Penn
bina annually to certify said levy of
taxes to the county auditor of the
county of Pembina for the full period
for which said tax is levied at the time
and in the manner the certificate of tax
levy is made and filed by the city audi
tor of the City of Pembina for other
city purposes.
The foregoing Ordinance was read in
City Council on the third day of Feb
ruary, 1908, and passed by the following
vote Yeas, Aldermen Peterson, King,
Felson, Thompson and Short. Nays,
none.
The foregoing Ordinance was read in
City Council on the fourteenth day of
February, 1908, and passed on its second
reading by the following vote /: Yeas,
Aldermen Peterson, King, Felson, Shu-
maker, Thompson and Short. Nays,
none.
Approved this 18th day of February,
A. D. 1908.
M. H. MILLER,
Mayor.
Attest, F. A. WARDWELL,
Auditor.
Published in the Pioneer Express on
EoL,,,,.,, OA& 1910