Imperial Valley press., 1913-06-26
ISSUED FOR WATER WORKS
AND WATER SYSTEM CON
STRUCTION PURPOSES.
0Enn m

ISSUED FOR WATER WORKS
AND WATER SYSTEM CON-
STRUCTION PURPOSES.
$500.0O.
Principal due July 2, 49,.
Interest payable on the 2nd days OF
January and July Of each year, princi-
pal and interest payable at the Office
Of the City Treasurer Of the City OF
Ell CentrO.
That there shall be attached to said
bonds interest coupons, authenticated
by the lithOgraphic facsimile signature
! OF the treasurer of the City Of Ell Cen
trO for each installment of interest
due upon each of said bonds. which
coupons attached to each bond shall
be numbered consecutively according
to the order of maturity, commencing
with No. 1. which coupon SHAH be sub
stantially in the following form, with
the exceptions of the date Of payment
and number, tO-wit:
On the 2nd Of.
A. d. 10. the City of Ell Centro
will pay to bearer at the office of the
City Treasurer of the City Of Ell Centro,
State of California, the sum of Thirteen
& 75-1OO Dollars. lawful money of the
United States, being semi-annual in
tcrest due on municipal bond No.
tenn construction purposes.
Dated July 2nd, 1913.
Treasurer of the City of Ell CentrO.
That before the delivery of said
bonds the numbers and dates of pay
ment of all bonds and coupons shall
be inserted therein. That the Presi-
dent of the Board of Trustees and
Treasurer of said City of Ell Centre
ap hnpnhv oI1thnpznH and Iipaofnd ia
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 treas
urcr of said City of Ell Centro is hereby
authorized and directed. upon the sale
of said bonds. to deliver said bonds
and coupons to the purchaser or pur-
chasers thereof upon the payment to
him of the amount of the purchase
price thereof and accrued interest
Section D. 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
FL Centre shall at The times of fixing
the general tax levy, and in the manner
for such general tax levy provided, levy
and collect annually every year until
each of. said bonds is paid, or until
tlltIt Sndll Dc Il sum III lHt treasury III
said ity. set apart for such purposes.
sufficient to meet all sums coming due
for principal and interest on said bonds
respectively. taxes sufficient 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. Such taxes shall he levied and
collected at the time and in the man
ner aforesaid annually each year. suf-
ficent to pay the interest on such in
debiedness as it falls due. and also to
constitute a sinking fund for the pay
ment of the principal thereof on or
before maturity. 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 be used for no other
purpose than the payment of said bond,
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 i'll
full the interest and principal of said
bonded Indebtedness as the same shall
fall due. and hereby contracts, repre-
sentS. and promises that such levy
shall he made as aforesaid. and 50 far
a. ii has the power to make such
levy ii hereby makes the same.
Section 6. There shall be and is
hereby created a fund to be designated
as Municipal Improvement Bond Fund
Of 1913, TO be carried in such name
upon the books of said City: the pro-
ceedS of the levy above mentioned shall
be paid into such fund as soon as the
same are collected and shall remain
in said fund until required for The
respective demands of the principal and
interest to be made upon said bonds.
Thai when the respective payments of
principal and interest of said bonds
shall fall due the Treasurer of said
City is hereby authorized and directed.
and commanded, to pay out of said
money in said fund said respective
amounts of the interest and principal
of said bonds as the same shall fall
due. when demand shall be made there
for. as provided by law. and upon the
surrender Of said bonds and coupons
to said treasurer. ii shall become the
duty of said treasurer to cancel said
bonds and coupons Immediately after
such surrender and payment.
1t is further ordained. promised and
agreed that none of said money paid
into said fund shall be used for any
other purpose than the payment of
said principal and interest on said
until the whole amount shall have been
paid.
Section !. That this Ordinance shall
be in force and effect from and after
thirty days after its passage and ap-
proval and the publication thereof, as
required by law.
Section 8. The City Clerk of said
City shall certify to the passage, adOp-
ton and approval Of this Ordinance, and
cause the same to be published in the
Imperial Valley Press, a newspaper of
general circulation. printed and pub
lished in said City.
Passed and adopted this 2iLh day
Of June, 1913.
JOHN NORTON,
President of the Board of Trustees OF
the City of Ell CentrO.
Attest:
(SEAL) LAVINIA NORTHCOTT,
City Clerk of said City Of Ell CentrO.
BY E. w. BURGER,
Deputy.