The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1909-10-05

Whereas, The taxable property in
the City OF Fargo, as determined by
the last preceding city assessment to-
wit: the assessment for the year 1908,
is the value OF $5,0Ss,e27o0 and
Whereas, the total outstanding un-
paid indebtedness Of the City of Far
go is the sum OF s124,00000, incurred
for the following purposes and pay
able els follows, to-wtt:
Water Works Bonds, due Mo-
vember list, 1911 .... $40, 100000
Refunding Bonds, due De-
cenber 1st, 1913 ..... 25,0O0.00
Water and Sewer Bonds, due
November 18th, 1915 49,. 100000
Refunding Bonds, due June
1sts 1874 .............. 100000
Water and Steam Company
Bonds, assumed, due jan
uaTy 1st, 1911 -. ....... 100000
Whereas. There IL now ON hand in
cash in the treasury OF the City Of
Fargo In the Sinking Fund, the sum
OF $47,00000 to apply on the payment
and discharge Of the above enumer-
ated outstanding Indebtedness when
the same shall become due. and
Whereas, Under and by virtue of
the provisions OF SUBJ division OF Sec
ton 267s Of Article Of Chapter so OF
the Revised Codes OF North Dakota
1905. the City OF Fargo, when author
lied by q majority vote at g. general
or special election at which the ques-
ton is submitted to the legal voters,
may become indebted in an amount
not exceeding four ca ~er cent of
such preceding last assessed value OF
the taxable property in the city, for
the purpose OF constructing water
works for furnishing q water supply
to the inhabitants Of the city, without
regard to the existing indebtedness OF
the city, and
Whereas. The proposed bond issue
for the special purpose OF building
and constructing a new combination
Water Works Pumping Station and
Filtration Plant is within the four 90
per cent limit on the value OF the tax
able property n the City OF Fargo, as
shown by the last preceding city as
sessment, to-wit: the assessment for
thA year 1908.
NOW THEREFORE,, BE TT RE-
SOLVED BY TFIE CITY COUNCIL
special election be called to be held
ON Tuesday, the Goth day OF October
A. D.. 1908, at which special election
there shall be submitted to the Legal
voters OF the City OF Fargo.
the question. whether or not SIXTY
FIVE THOUSAND DOLLARS, OF
bonds Of the city OF Fargo. to bear
| interest payable semi annually, and tC
mature as follows, to-wit:
$20,O00.O0 thereof in fve years from
date OF issue:
$26,O000O thereof In ten years from
date OF issue; and
$25,00O.00 residue thereon in fifteer
years from date OF issue. shall be is.
sued by the City OF Fargo for the spe.
ciai purpose Of paying the cost o.
building and constructing q new com.
bination Water Works Pumping sta.
ton ana Filtration Plant in the CITY
OF Fargo and installing therein al
necessary new pumps, machinery ant
appliances FOR operating the same ans
such portion of the cost OF constructing
q new water main OF SUFFICIENT capacity
TO connect the proposed new plan
with the present Water Works Sys
tenn Of the city, over and above sucl
part OF the cost OF suc1l new wate
naaAn as can be legally assessed agains
the property along the route Of sucl
proposed new water main special,
4 benefited by the construction thereoi
for furnishing 70 the inhabitants o
/ the City OF Fargo supply Of water
i That the City Auditor, be, and h
IL hereby directed TO give notice tina
such special election win be held 70
the rurpese OF submitting 10 the lega
1 weterH Of ere City OF Fargo the ques
j tion, whether or not bonds. In the sal,
amount cor the special purpose afore
said. shall be ISSUED. ~ the pubIica