Imperial Valley press., 1910-03-26

sitiou. construction and completion of said municipal Improvements, that said bonds shall be numbered consecutively 1 to So, both inclusive according to their date of maturity. commencing with the ones of earliest maturity; that the earliest ma turity of any of said bonds is hereby postponed until the first day of March, 1920 and that on said first day of March 1920. three of said bonds. being bonds numbered 1. 2, and 3, shall mature, and thereafter three of said bonds shall ma ture on the first day of March of each succeeding year until the first day of March. 1942. when the last three of said bonds shall mature.
 Section 2. That all of the amounts unpaid on said bonds shall bear interest at the rate of Five and one-half per cent per annum until maturity. Interest commencing on, the first day of March, 1910 and all accruing interest shall be paid on the First day of March, and the first day of September, of each year, commencing with the first day of March, 19iO
 Section 8. That all sums due upon said bonds whether principal or inter- est shall be payable at the times herein provided at the Office of the City Treas urer of the City of El Centro, County of Imperial, State of California, which day and place shall be specified in said bonds and the coupons thereto attached.
 Section 4. That said bonds shall be substantially in the following form. ex- cept the Number of the Bonds and the date of maturity, to-wit:
 No....... ONE THOUSAND (S10O0)
 DOLLARS
 UNITED STATES OF AMERICA
 STATE OF CALIFORNIA
 CITY OF FL CENTRIC
 MUNICIPAL IMPROVEMENT
 BOND
 ISSUED FOR
 WATER WORKS AND WATER SYSTEM AND CONSTRUCTION PURPOSES Fl Centro, California, Narch 10, 1910 On the First day of March, 19. the City of Fl Centro promises to pay to the bearer at the Office of the City Treasurer of the City of Fl Centro, State of California. the sum of One Thousand ($l000) Dollars and will pay interest there on from the First day of -1arch, 1910. at the rate of Five and one-half per cent per annum, payable semi annually on the First day of March and the First day of September at the Office of the City Treasurer of the City of Fl Centro. State of California. upon presentation and sur render of the interest coupons hereto at tached Principal and interest payable in lawful money of the United States; and for the payment of the principal sum herein named and the interest accruing thereon, the said City of Fl Centro is held and firmly bound by it's faith and credit and all real and personal proper ty of the said City are hereby pledged for the prompt payment of this bond and interest at maturity.
 This bona is one of the series of bonds of like date and effect, 69 in num- Der and aggregating the sum of Sixty nine Thousand ($69, ,O0O) Dollars and is issued in pursuance of an Act of the Legislature of the State of California which became the Law February 25, 1901 and Acts amendatory thereof and sup plementary thereto, authorizing the in- curing of indebtedness by Cities for Municipal improvements.
 It is further certified that all the re- quirements of the Law and Ordinances or the City of Fl Centro have been con- piled with by .he proper Officers in the issuing of this bond This this issue of bonds has been authorized by a vote of more than two thirds of the qualified voters of said City of Fl Centro voting on the question of such issue at a Spe- cial Election duly and regularly called and held in said City on the 14th day of February, 1910, and that the total amount of this issue together with all other in- debtedness of said City is within the limits prescribed by Law. This bond ceases to bear interest when due unless presented for payment.
 Witness the seal of the salu City and the signature of it's President of the Board of Trustees. Treasurer and City Clerk.
 ..................... .................... President Board of Trustees of the City of Fl Centro.
 ......'........... ............ ........
 Treasurer of the City of Fl Centro. Countersigned Clerk of City of Fl Centro.
 Corporate Seal.
 The said bonds except the number and their date shall be endorsed as follows:
 NO.............
 CITY OF FL CENTRO
 COUNTY OF IMPERIAL
 STATE OF CALIFORNIA
 MUNICIPAL.
 IMPRONE EMENT BOND ................
 ISSUED FOR
 WATER WORKS AND WATER SYS- ITEM CONSTRUCTION PURPOSES
 $1000.00
 Principal due March 1, h.. Interest payable on the First days of March and September of each year, principal and in- terest payable at the Office of the City Treasurer at the City of Fl Centro. That there shall be attached to said Bonds interest coupons, authenticated by the Photographic facsimile signature oi the Treasurer of the City of El Centro fol l each installment of interest lue upon eact