The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1911-04-07
$3.50 A YEAR.

f,t
uaNe prepared and printed and to furnish
the ballots for said election. ana II ,s
HSrvhE lurther ordered to cause d notlre
! VI StiIu cieclion To be published for Tin rIv
daSS prior to said election in each iss,1G
oi lhe OroVille Weekly Gazette the nili-
'ldi newspaper of said town of OroNille
ana To cause notices of said election tt nn
posted according to law which uotine
Siitll state the object of such election ami
the tllne OF holding the same, ana speCi-
} il'dIlN can attention to the fact that This
. lS an election to ratifY a contrarted in
/ dehtedness, and for the authorization of
/ the extension of the water works svstanI
| on Fourth street from Sutton 10 Stale
! street, and for the issuance and sale of
Dohds OF the town Oi OruVillc for the
! payment of said contracted indebtedness
ana the extension of said water system.
IN the sum of Ten Thousand Dollars
SECTION .. That if three dltls of the
| qualified voters of said town of Orovl e.
| voting at said election. vote in favor oi
/ rauIylnS said contracted Indebtedness ana
| the extension of said wafer system. and
! the issuance and sale of bonds in pay
! mGnt therefor, the council shall at once
order the clerk of said town to have
printed ana engraved bonds of the said
Town an the aggregate amount Of Zen
| Thousand Dollars, designated as DroviIir
Water Works Extension and FUNDING
bonds; said bonds shall be payable on or
before twenty years after they are issued
the office of the treasurer OF said town Of
OloNille, and shall bear interest at he
rate OF per cent per annum interest,"
payable semi annually, and have attarned
tlefeto semi annual interest coupOuS nav
abie at the office of the treasurer of i0,>
Town OF Olovlile on the first day Of Jan
uaiN and July, respectively in each venr
during the life of said bonds; said bonds
snail be registered bonds and issued undn,
the seal of said town of Oroville ana he
OF the denomination of One Hundred Dol
lars each; said bonds and attached inter
est coupons shall be signed by the maVor
ana atteSted by the clerk of said town of
OroVllle, under the seal thereof and shall
ne numbered consecutiVely from number
III I1fts oh.
OF their issue, and shall be registered by
lhe clerk of said town in IA book to be kent
pN nm FOR that purpose, which register
sidl SNOW tne number, date, amount, in
tereSt, to whom delivered, the name of the
paNee. and when and where payable of
each and every bond issued under the nro-
vision OF this ordinance: said bonds shan
ne sold under the authority and with the
'pPioWaI OF the council of the said town.
SECTION T. TO provide for the pay
iient OF interest of said bonds the town
OF Oroville shall each year levy. set apart
anu specially appropriate an annUal tax
upon the real and personal property with
IN the town Of OroNile not exempt from
taxation by the constitution ana laws of
lhe state or Washington, in sufficient rate
or amount to pay the principal and inter-
est ON SAID bonds as in this ordinance pro-
Vlded, such taxes, whenever assessed to
become due and payable annually at the
same tlmc and in the same manner as
taxes are collected in the county of Okan-
osan, state of Washington, until both
principal and interest of said bonds are
paiu; provided. in the event the said
town of Orovile shall derive sufficient
revenue from retail liquor license or other
revenue not otherwise appropriated, the
council may in lieu of the levy and tax
therein before provided set APART and sRe-
iilg Tie principal and interest of said
bonds Il sufficient sum of money to pay
Such principal and interest as in this or
dmante provided Before seven years
PRIOR t. the maturity of said bonds an an
nual sinking fund sufficient for the pay
nent OF said bonds at their maturity shall
pc Ieyled and collected as other taxes are
IeEl'd ana collected for general munich
pal purposes provided. in the event the
said town of Oroville shall derive sum
cent revenue from retail liquor licenses,
other licenses, or other revenues not oh
eIWs' appropriated, the council may m
leu OF the levy and tax for sa'd sinking
tund, set apart and specially apyropriatc
Tor the purpose of said sinking fund an
annual sum of money sufficient for the
paEI,nent Of said bonds at ther maturity
treasurer of the town of OroviIc to place
all money collected and received for the
purpose of paying the principal and m
terest of said bonds to the credit OF the
bond fund OF said town of OroVir which
sald Iund IS established and ordered es-
tahllShed ana ordered designated as Oru-
vile Water Works tiNtension and
funding bonds fund.
SECTION .. The council of the town
OF OroVille may at any time they deem Il
advisable, transfer from the general fund
OF said town of OrovIlle any moneys IN
said general fund which are not needed
iol the purpose of paying the general UX-
peuses OF said town. and as soon us trans
feIred they shall be ome - part of the
oroVille Water Works Extension and
tunding bonds fund. ana shall be used
only for the purpose of paying the inter
est 2r PRINCIPAL of said bonds.
SECTION TO- Whenever the funds iu
said Orovilc Water Works Extension and
Funding Bonds Fund shall amount to the
sum OF one Hundred Dollars or oVer and
above the amount necessary to make tile
next semi annual interest payment, one
OF Sajd bonds shHll he taken up paid can