Imperial Valley press., 1910-03-19

annually, and all sums due thereon he payable at the once of the City Treasur- CT of the City of El Centro, County of Imperial State of California, said notes shall he in the usual and ordinary form of promissory notes. and the President of the Board of Trustees and Treasurer of said City of El Centre are hereby au- thorized and directed to sign said notes. and the Clerk of said City is authorized and directed to countersign the same and attach the seal of said City thereto. and the Treasurer of said City of El Cen tro is hereby authorized and directed to deliver said notes as before stated and as may hereafter be ordered and directed by the Board of Trustees of said City. but only upon receiving the full prin- cipal sum named in each of said notes upon such delivery. such sum to be kept and used for the purpose aforesaid.
 Section 2 That for the purpose of pay ing the principal and interest on each and everyone of said notes. by this Ordi- nance directed to be issued, the Board of Trustees of the City of El Centro, shall a, the time of fixing the General Tax levy. and in the manner for such General Tax Levy. provide, levy and collect an nualy every year until each of said notes is paid, or until there shall be sum in the Treasury of said City set apart for the purpose. sufficient to meet all sums coming due for principal and interest on said notes. respectively, taxes suf- ficient to pay the annual interest on such notes and also such part of the respective principal therefor. as shall become due before the time for fixing the next Gen. eral Tax levy. Said taxes shall be in addition to all other taxes levied for Mu- nicipal purposes. and shall be collected at the same time and in the same manner as other Municipal taxes are collected and are to be used for no other purpose than for the payment of said notes and accrued interest.
 Said Board of Trustees hereby makes provision for the levy and collection of all sums that shall or may be necessary to pay in full all interest and principal of the said indebtedness as the same shall fall due and hereby contract rep resent and promise that such levy shall be made as aforesaid.
 Section 3. That there shall be and is hereby created a fund to be designated as Artesian Well Fund and to be carried on in such name upon the books in said City, proceeds of the levy above men, toned shall be paid into said fund as soon as the same shall be collected, and shall remain in said fund until required for the respective payments of the prin- cipal and interest to be made upon said note.
 That when the respective payment of the principal and interest of said note, shall fall due the Treasurer of said City is hereby authorized and directed to pay out of said money in said fund, respective amount of the principal and interest of said note as the same shall fall due when demand shall be made therefor as by law provided, and upon the surrender of said note, it shall become the duty of said Treasurer to cancel said notes immediately after said surrender and pay ment.
 Section 4. That this Ordinance shall be in full force and effect from and after the passage and approval
 Section 5. That the City Clerk of said City shall certify the passage, adoption and approval of this Ordinance and cause the same to be published in the Imperial Valley Press. a newspaper printed and published in said City.
 Passed and adopted this 16th day of March, 1910.
 H. B. PEARSON.
 President of the Board of Trustees of the City of Fl Centro.
 Attest:
 F. G. RAVENS,
 City Clerk of the City of Fl Centro
 l hereby approve the foregoing Ordi- nance No. 4S this the 16th day of March. 1910.
 H. B. PEARSON.
 President of the Board of Trustees of the City of Fl Centro.
 STATE OF CALIFORNIA COUNTY OF IMPERIAL )ss. CITY OF FL CENTRO )
 l, F. G. Havens, City Clerk of the City of Fl Centro, do hereby certify that the whole number of members cf the Board of Trustees of the City of Fl Centro is five, and that the foregoing is a fuii, true and correct copy of Ordinance No. 4S of the City of Ei Centro. and that 'ae sane was T.Gssed and adopted by 9 vote of two rnrds of all the members oe sni,i Board of Trustees at a regular meeting held on the 18th day of March, 1910. hv the following vote, to-wit
 Ayes. Brown, Hamilton, Pellet, BlacH- inton, Pearson
 Noes, None.
 Absent, None
 and that said Ordinance was introduced at a meeting held at least five days prior to its passage and was duly ap- proved by the President of the Board of Trustees on the 18th day of March, 1910.
 Witness my hand and the seal of Fl Centro this 18th day of March, 1910.
 F. G. RAVENS,
 City Clerk of the City of Fl Centro.