Imperial Valley press., 1913-06-26
WHEREAS said Board OF Trustees

WHEREAS, Sa10 B0arQ OF trustees
at subsequent regular meeting there
Of held on the 9th day Of May, 1913,
by vote Of twO-thirds Of all its MEM
election to be held on June 9th, 1913.
in said City, submitting to the qualified
voters of said City the proposition Of
mourning a debt in the sum Of Fifty
Thousand (S5O, ,0OO.0O) Dollars for the
purposes set forth in said resolution,
and said ordinance was duly passed,
adopted. and duly signed and approved
by the President of the Board of TruS-
tees; and said Ordinance,-No.9 Ga
provided. in the last eight consecutive
issues of the said Imperial Valley
Press prior to the said 9th day of
June, 1913: and
WHEREAS, said special election was
regularly held on said 9th day of June,
1913, as called, and
WHEREAS, more than two-thirds of
the qualified voters voting at said spe-
cial election voted to incur a bonded
debt of Fifty Thousand $3.50, 100000
Dollars for the acquiring, constructing
and completing of the aforesaid reve-
nue. producing municipal improve
ment: and
WHEREAS. said Board of Trustees
dl dill duIOtIutu oit opt'i"i
meeting. held for such purpose, there
after on the nth day of June, 1913,
did canvass the returns of said special
election. and did then and there find
and declare by resolution thai
said special election had been regularly
held: that at said special election one
hundred and sixteen (116) votes. and
no more. We're cast: that one hundred
and fourteen (114) of said votes We're
foxnp of ippupripo said honNpu
indebtedness in the sum of Fifty
Thousand $3.50, ,O0O.OO) Dollars: thai
two ~ of said votes We're cast against
mourning said bonded indebtedness:
and thai more than two-thirdS OF all
the voters voting at said special cleo
lion voted to authorize the lncurrmS
Of said bonded indenbtedness, and
WHEREAS the total amount of Fifty
Thousand (S50,000.00) Dollars, to.
gether with all the Indebtedness or
said City, is within the limits provid-
ed hy the laws of the State of Cali
Tnrnia. and it becomes the duty of SAID
Roard of Trustees to direct the issu-
ance of said bonds in the manner pro-
yided by law. and said Ordinance
No. 81:
NOW. THEREFORE,. the Board of
Trustees of the City of FL Centre do
ordain as follows:
Section 1. That the bonds of the
City of Ell Cenlro in the amount OF
Fifty Thousand $3.50, 100000 Dollars
be issued in accordance with the pro.
visions of the Act of the Legislature OF
the State of California, which became
a law under constitutional provision.
without the Governors approval. Feb
rrary 25th. 1901. and all acts or parts
of acts amendatOry thereof and supple
mentary thereto. and i'll accordance
with the Ordinances Of said City ana
the laws of the State of California.
Said hondS.-to be one hundred III
number of the denomination OF rive
Hundred (S50O.00) Dollars EACH
shall be issued on the 2nd day OF July.
1913. and sold for not less than tnelr hr
par value. to provide money Tor the
ACQUISITION. construction and compile
lion of said municipal improvements;
hat said bonds shall he numbered con
secutively to 100. both inclusive.
according to their date of maturity.
commencing with the ones of earliest
maturity: that the earliest maturity oi
anv of said bonds is hereby postponed
until the second day of July. i?23:
and that on said second day ol July,
1928. five of said bonds, beng 'ne
bonds numbered 1, 2. 3. 4. ana >:
shall mature. and thereafter i've OF
said bonds shall mature on the src"hh
day of July of each succeeding year,
mill the second DAY Of July. 1912:
when the last five of said bonds shall
mature.
Section ?. That all of the amounts
unpaid on said bonds shall pear IN
terest at the rate of five and one.hail
per cent per annum until maturity;
interest commencing on the second day
of .July. 1913. and all accrulng interest
shall be paid on the second day OF
January and the second day of July OF
each succeeding year,
Section 3. That all sums due upon
said bonds. whether principal or IN
terest. shall be payable at the times
herein provided at the office or the
City Treasurer of the City Of FL Cen
tro. County Of Imperial. state OF Ian
specified in said bonds ana the coupons
thereto attached.
SECTION 4. That said bonds shall
he substantially in the following, form;
except the number of the bonds and
the date of maturity. to-wit;
FIVE HtrNDRED (s5OOOO) DOLLARS.
UNITED STATES OF AMERICA.
STATE OF CALIFORNIA.
CITY OF Ell CENTRIC.
MI 'NICIPAL IMPROVEMENT BOND
SISTED FOR WATER WORKS
AND WATER SYSTEM CON
STRUCTION PURPOSES.
Ell Centro. Ca Cslfcrnia, for, a. July 1miy z 1915
the CITY of EI Centre promises to pay
to the bearer, at the Office of the City
Treasurer. of the City of FL Cenlro,
State of California, the sum OF FIVE rive
Hundred (S500.00) Dollars. and VIII
nav interest thereon from the 2nd day
of July. 1913, at the rate of ) Y per
cent per annum, PAYABLE seml1annusIiE md nm sni
day of July. at the office Of the City
Treasurer of the City of Ell Cenlro,
state of California. upon presentation
and surrender of the interest coupons
hereto attached. Principal and inter
est payable in lawful money of the
United States: and for the payment of
the principal sum herein named and
the interest accruing thereon the SAID
City of Ell Centre is held and firmly
bound, by its faith and credit, and all
real and personal property of the said