The Delta independent., 1911-05-05
City Clerk
fir,t publication
Last publication

SECTION I. That when i.su.d tn. funding
bonds hereby authorized shall be duly re.is,sr-a
by the city clerk in book kept for that purpo>-.
therein noting the date. optional and maturity
dates, interest paying periods. and tho rrapcc-
tive interest aud princinai amounts. And the
city ir~asurer shall keep like register. and
shail enter th-r-in the hoatirg indebtedness and
outstanding legal warrants OF the city Of D-lta
hereby nuihorizsd Said bonds hereby author
iz-d shall be- executed and dslivered from time
70 time any No iAra nas,n s prnaae'p a .mSGn,
legal warrants of tn" city Of Delta IL presented
for payment or rcdemption. and IN such manner
that increase In the debt of the city Of Delta
shall Mt any time result ther.from. and aid in
J-btedness ar leg Il warrants shall thcr"upon he
mmrsiistely cancelled In an amount equal to
or in excess OF the bonds 80 issued, and n report
or rcporfs Of the proceedings In the execution
and delivery OF the funding bonds hereby
authorized and the cont-mpornneou- payment
and cancellation OF the indebtedness thus
funde shall be made to the city council by the
SUCTION For the half yearly interest ac-
crung on each bond actually i.sncd and
deli vered hereunder the city council .hall levy
annually a cause to he collected a .ufhci.nt TAI
upon all OF the taxable property in said city q,
fully di-'harge said interest; aud for the ulti
mate redemption OF such bonds, III. city council
shall annually levy. beginning four years from
the date OF 'uch issuance and cause To b. col
ected such tax upon all Of the taxable prop
erty in said city Ms will create n yearly fund
sufficient in the aggregate with all the ancumti-
n,l9ns ihereot, 20 pay the PRINCIPAL Of such
which fund shall be- called the REDEEM ption fend
and said taxes, when collected shall bo kept for
and only applied 10 the payment OF such interest
end principal. respectively, as the came become
due. and for no other purpose whatsoever
SETTIoS Q, IL shall ba thu duty ~ tho ri,v
treasurer frum III. commencement Of III. oarI,s-,
maturity period Of said bond- aud when Their,
are sufficient fund- In his ha, ds 20 the ct-iit OF
the redemption fund To pay In full the principal
and interest Of any such bonds, Immediately 10
call In and pay as many Of said bonds with
accrued interest, ms the funds on hand will
liquidate. Such b nds shall he cal ed in and
PAID IN the order their number. and when any
bonds or coupons issued hereunder are taken up.
such bonds and coupons paid and to certify
his action 10 the city council and transmit there
with such bonds and coupons. and said city
council shall thcreupon forthwith cancel the
same. SO that they can be plainly identified as
made Of such action; and whom IL 4. desired 10
redeem any such bonds the city treasurer shall
cause to be published for ten days in the oniclal
newspaper OF the city of Delta n notice that
certain Of such funding bonds-giving tho mum.
ber and amount OF each-will be paid upon pre-
days such bonds shall cease to bear interest
Skorios 10. This ordinance shall be irrcpcai-
able until the indebtedness herein provided for
and the bonds issued as herein provided, shall
have hecn fully paid.
sscrIos y. This ordinance. after its intro
duction and reading shall be published In full
In the Delta Independent. a newspaper Of gen
eral ci culation. published In the city OF Delta,
final passage. shall be recorded in book kcpt
M ior that purpose. be authenticated by the sigma.
iahcd In said Delta independent '" w pun,
and shall take effect and be In force Ave DAYS
after II has been no published.
Introduced. read and ordered publisbcd the
End day OF May. A. ID. 1911
Adopted and approved this day of
....- ..,....... A. ID. 1911.
G. J. LIPPERT,
ATHEIST Mayor,
CAMILLA SANDERS,
City Clerk.
II In hereby certified that the foregoing
ordinance was duly introduced and read at 4
regular meeting Of the city council OF the city of
Delta, duly held on the 400. day Of .,,,'..
A. ID. 1911; was published In full In ....,.......
"A newspaper Of general
circulation published In the city OF Delta In Its
i..uc .s.....4...., A. ID,
1911; and was finally adopted at lawful meet
ing OF SAID city council on the ..,..... day OF
...t,,.'.:., 4. ID. lnii, and thereafter
A. ID. 1911.
sss.sts ssssssst ....sss....-
City Clerk.