The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1910-10-28

thousand dollars, the said system of water
works to be constructed for the purpose OF fur
habitants thereof and any other persons with
an ample supply OF water for all uses and pur-
poses
SECTION .. The place of voting at said cleo
ton shall be in the Peerless hall, in the Peer
less hotel building, in the said town of Orc
vile, and the polls at said election shall be
open from eight O'Clock in the morning until
eight O'Clock in the afternoon. and the said
election shall be conducted in all respects ac-
cording to the law governing elections in the
state of Washington, and in accordance with
the ordinances of the said town of Orovlle re-
lating to elections.
SECTION 3. All voters in favor of the adoption
OF the before and within mentioned system and
plan, and in favor of authorizing the issuance
OF bonds of the said town of Oroville for the
sum of ten thousand dollars and authorizing
the said town OF Oroville to become indebted
in that amount, to pay for the construction and
equipment of said system of water works rs
hereinbefore described and set forth, shall
make cross on his ballot opposite the follow
ing words, towit: "In favor of the system and
plan submitted, and the issuance and sale of
bonds OF the town of Oroville and authorizing
the said town of Oroville to become indebted
in the sum of ten thousa nd dollars to pay for
the construction and equipment of the system
OF water works as set forth In Ordinance No. AZ
OF the said town of Oroville." All voters not
in favor of said system and plan proposed q nd
submitted and the issuance of the bonds of the
SAID town OF Orovilie. and authorizing the said
town OF Oroville to become indebted as afore
said shall make cross on his ballot onnosite
the following words towit: Against the sys.
TEN ana plan submitted, and the issuance and
rizing the said town of Oroyille TO become in
debted in the sum of ten thousand dollars to
pay ior me constructio and equipment OF the
system OF water works as set forth In Ordinances
No. AZ OF the said town of Oroyille.U
SECTION a. That the clerk OF the town of Orc
vile be and he hereby is ordered TO have pre.
pa id ana printed and to furnish the ballots for
salu electlon IN accordance with the laws OF
the state OF Washington, relating to elections
and also with this ordinance and the ordi''
nances OF the town of Oroville relating To eIec
tions and here Is hereby further or5ered to
cause notice of said election to be published for
zen days prior to said election in each issue OF
rmg Ur of weekly Gazette weekly news
paper OF general circulation printed and pub.
lished in the said town of Oroville and the Off
cial newspaper of said town, and to cause no.
ia ces VI oh sala eecton to be posted according to
vile, which notice shall state the object of the
election and the time and place of holding the
eaeciion nerein called and specifically call at
the purpose OF adopting Il system and pian of
water works in the town OF Oroville, and for the
P urP9ose OF aathorizing the issuance and sale of
bonds OF the town OF Oroville and authorizing
the said town to become indebted in the sum
OF ten thousand dollars to pay for the construc.
u ,ln ana equipment Of the system of water
ing the title OF the ordinance and the date of
its passage and publication.
SECTION 3. That If three-ifths of the quail.
heu voters OF the said town of Oroville voting
at said election vote in favor of adopting the
system and plan submitted. and authorize the
issuance ana sale OF bonds of said town and in.
curing the Indebtedness of the sum of ten
thousand dollars, the proceeds of which are to
be expended in the manner and for l. he pu rpose
provided by this ordinance, the council shall
AT once order the clerk of the said town to have
printed and engraved bonds of the said town
IN the aggregate amount of ten thousand dol
iars TO be known and designated as "Oroville
Water Works Bonds" Said bonds shall be paw
able on or before twenty years after they are
issued TO ---- or bearer, at the Office of
the treasurer of the said town of OrOville and
snail bear interest at the rate of six () per cen
tum per annum, interest payable semi an nual.
ly, and have attached thereto semi annual in.
terest coupons payable at the Office of the treas
urer OF the town of Oroville on the first day of
January and July, respectively in each year
during the life of said bond. Said bonds shall
be registered bonds and issued under the seal
OF the said town of Orovile, and be of the de-
nomination of one hundred SlOO) dollars each
Said bonds and the attached interest coupons
shall be signed by the mayor and attested by
the seal thereof, and shall be numbered con.
secutively from number one upward as issued,
shall bear the date of their issue md shall be
to be kept by him for that purpose, which reg.
lister shall show the number, date, amount, in.
terest, to whom delivered, the name of the
payee. and when and where payable. of each
and every bond issued or sold under rhe pro
visions OF this ordinance. Said bonds shall be
sold under the authority and with the approx.
II.
SECTION 6. To provide for the payment of the
interest on said b 'nds the council of the town
OF Oroville shall each year levy, set apart and
specially appropriate an annual tax upon the
real and personal property within the corpor-
ate limits of the town of Oroville, not exempt
from taxation by the constitution and laws Of
the state OF Washington, in sufficient rate or
amount to pay the principal and interest on
said bonds us in this ordinance provided such
taxes, whenever assessed, to become due and
payable annually at the same time and in the
manner pOllppfp1 10
county of Okanogan, state of Washington, and
in accordance with the ordinances Of the said
town OF Oroville, until both principal and in
terest of said bonds are fully paid Provided:
In the event the said town of Oroville shall de-
rive sufficient revenue from retail liquor licen-
ses, other licenses or other revenue not other.
wise appropriated, the council may, in lieu of
the levy and tax hereinbefore provided set
apart and specially appropriate for the purpose
OF paying the principal and interest on said
bonds, II sufficient sum to pay such principal
and interest us in this ordinance provided. Be
fore seven years prior to the maturity of said
bonds an annual sinking fund sufficient for
the payment of said bonds at their maturity
shall be levied and collected as other taxes are
levied and collected for general municipal pur.
Oroville shall derive sufficient revenue from
retail liquor licenses, other licenses, or other
revenues,not otherwise appropriated, the coun.
ell may, in lieu OF the levy and tax for said
sinking fund set apart and specially appro-
pirate for the purpose of said sinking fund n
annual sum of money sufficient for the pay
SECTION 7. 1t shall be the duty OF the treas
urer OF the town of Oroville to place all mon
e,s collected and received for the purpose OF
paying the principal and interest on said
bonds to the credit OF the bond fund of said
town, which said fund is hereby established
and ordered.
SECTION 8. The council OF the town of Orovile
may at any time they deem it advisable, trans.
fer to the bond fund from the general fund of
said town OF Oroville, any moneys in said gen.
eral fund which are not needed for the pur-
pose :of paying the general expenses of said
come part of the bond fund and shall be used
only for the purpose of paying the interest or
principal of said bonds
SECTION o. Whenever the funds in Ill Bond
dred dollars over and above the amount neces
sary to make the next semi-annual interest
payment one of said bonds shall be taken up
paid and cancelled, which bonds shall be taken
up and paid consecutively in the order they
are issued beginning with number one.
SECTION TO- The said bond fund is hereby
made special fund for the special purposes
herein named, and shall be discussed only ior
the purposes for which it is specially created
and no warrants or orders for payment OF mon
ey out of said bond fund on the treasurer for
any other purpose shall be accepted or paid by
him.
SSECTIoN H. The mayor and clerk of the town
of Oroville are hereby authorized to negotiate
the sale OF said bonds, subject to the approval
and confirmation of the council. and none of
the proceeds of the same used for any purpose
other than that prescribed by this ordinance
SECTION H. The treasurer OF the town of Orc
vile shall during the months of January and
July in each year, and not later than ten days
after the same is due, pay to the holders OF said
ent to pay the interest due on said bonds, and
whenever he shall have in said bond fund one