Imperial Valley press., 1912-09-19

tWO-tn1r0S OF the VOTERS OF
the City of Ell Centro, voting on the
question of such issue at Special
Election, duly and regularly called and
held in said city on the 26th day OF
of this issue, together with all other
indebtedness of said city, Is within
the limits prescribed by law. This bond
less presented for payment
Witness the seal of the said city and
the signature of its President of the
Clerk.
President, Board Of Trustees Of the
City of Ell Centre.
Treasurer of the City of FL Centro.
Countersigned:
Clerk Of the City Of I'll centro.
Corporate Seal.
The said bonds, except the number
and their date shall be indorsed as fol-
CITY OF Ell CENTRo.
COUNTY OF IMPERTAL.
STATE OF CALIFoRNIA.
IMPROVEMENT BOND
ISSUED FOR
ExTEbs1SN 1Eb %ArEE GF WATER WATER WSRKs SoN
sTRUCTIoN PURPosEs.
100000
Principal due September 1, 19....
March and September Of each wear.
principal and interest payable at the
office Of the City Treasurer of the City
of FL Centro.
That there shall be attached to said
bonds interest coupons, authenticated
by the photographic facsimile signature
S or the Treasurer Of the City of Ell
Centro for each installment of interest
due upon each of said bonds, which
coupons attached to each bond shall
be numbered consecutively according
nf 10 trit
with Number 1, which coupons shall
be substantially in the following form.
with the exceptions Of the date of
ssy%en' ss75o' ana No. 70 Tl5; NJ
On the first day of INSTRUMENTATION,
A. d. 10. ....., the City of Ell Cen
tro will pay to bearer, at the office
Ell Centro. State of California, the sum
of twenty-seven and 5O-1OOths dollars
lawful money of the United States, be-
ing semi-annual interest due on NUM-
extension ha of Water works anG asSgeG Wafer for
system and construction purposes.
Dated September 1st 1912
Treasurer Of the City of Fl Centre.
That before the delivery of said
bonds, the numbers and dates of pay
ment Of all bonds and coupons shall
dent of the Board of Trustees and
Treasurer of said City of Ell Centre
are hereby authorized and directed to
sign said bonds, and the Clerk of said
city is hereby authorized and directed
TO countersign the same, and attach
the seal of said city thereto, and the
Treasurer of said City of Ell Centre is
hereby. authorized and directed, upon
the sale of said bonds, to deliver said
bonds and coupons to the purchaser or
purchasers thereof upon the payment
price thereof and accrued interest
Section 5. That for the purpose Of
paying the principal and interest on
each and every one of said bonds, by
this ordinance directed, to be issued,
the Board of Trustees of the City of
Ell Centro, shall at the times of fixing
the general tax levy, and in the man
ner for such general tax levy, provide,
levy and collect annually every year
until each of said bonds is paid, or
until there shall be a sum in the treas
ury of said city set apart for such
purposes sufficient to meet all sums
coming due for principal and interest
on said bonds respectively, taxes suffi-
cient to pay the annual interest on
such bonds and also such part of the
respective principals thereof as shall
become due before the time for fixing
the next general tax levy. Said taxes
shall be in addition to all other taxes
levied for municipal purposes and shall
be collected at the same time and In
the same manner as other municipal
taxes are collected, and to be used for
no other purpose than the payment OF
said bonds and accrued interest. Said
Board of Trustees hereby makes pro-
vision for the levy and collection of
all sums that shall or may be ne
| cessary to pay in full all the interest
and principal of said bonded indebt-
edneSs as the same shall fall due, and
hereby contracts, represents, and prom
fses that such levy shall be made as
aforesaid, and so far as it has the
power to make such levy, it hereby
makes the same.
Section 6. That there shall be, and
! is, hereby created fund to be desig
mated as Municipal Improvement Bond
/ Fund of 1912, to be carried in such
| name upon the books of said city, the
| proceeds of the levy above mentioned
shall be paid into said fund as soon as
| main in said fund until required for
the respective payments of the princi-
pal and interest to be made upon said
bonds. That when the respective pay
ments of principal and interest of said
bonds shall fall due. the Treasurer OF
| said city is hereby authorized and di
| rected and commanded to pay out of
said money in said fund said respec-
| tive amounts of the interest and prin-
| cipal of said bonds as the same shall
| fall due, when demand shall be made
| the surrender of said bonds and cou-
pons to said Treasurer, it shall become
the duty of said Treasurer to cancel
said bonds and coupons imm ediately
| after such surrender and payment.
And it is further ordained, promised
and agreed that none of said money
any other purpose than the payment
of said principal and interest on said
| bonds as in this ordinance specified.
| until the whole amount shall have
been paid.
! Section I. That this ordinance shall
be in full force and effect from and
after thirty days after its passage, and
approval, and the publication thereof,
/ as required by law.
Section s. The City Clerk of said
city shall certify the passage, adoption,
nrd inc oln n
cause the same to be published in the
Imperial Valley Press, newspaper of
general circulation, printed and pub
iShed in said city.
Passed and adopted this 18th day
of September, 1912.
=; A. w. SWANSON.
| Acting President of the Board of Trus-
tees of the City of Ell Centre.
Attest:
(sEAL) LAvINIA NoRTHCoTT,
City Clerk of said City of Ell Centre.
By E. w. Burger, Deputy.
| 1 hereby approve the foregoing Ordi-
nance No. 81, this nth day of Septem-
Der, 1912.
A. w. SWANSON,
Acting President of the Board of Trus-
tees of the City of Ell Centro.
STATE OF CALIFORNIA, }
COUNTY OF IMPERIAL, IS.
CITY OF Ell CENTRIC.
| /, Lavinia Northcott, City Clerk OF
the City Of Ell Centro. do hereby Ger
tify that the whole number of mem
bers of the Board of Trustees of the
City of Ell Centre is five, and that the
foregoing is full, true, and correct
of Ell Centre, and that the same was
passed and adopted by a vote of two
thirds of all the members of said Board
on the 18th day of September, 1912, by
the following vote. to wit:
Ayes-Swanson, Sprouse, Egerer,
Burger;