Imperial Valley press., 1913-06-04

rurn'snIng ana supplying water to
the said City Of El Centro and the
INHABITANTS thereof, including the
acquisition Of Lands, Water Rights,
Flights Of Way, and the construc-
ton OF Aqueducts, bitches, Canals,
reservoirs, Distributing System,
Pumping and Publication Plants,
ana other Works necessary therefor,
providing for the Issue Of Bonds for
sald Purpose, and for the Levy of
a TAX for the Payment Of said Bonds,
DESIGNATING the Election Precinct and
the Polling Place, and appointing the
eiectson OHcers for said Election.
The r, Board Of Trustees Of the City
OF FL Centre do ordain as follows:
Section 4. Whereas, the Board Of
Trustees OF the City Of Ell Centre, at
an adjourned regular meeting Of said
Board, held on the itth day of April.
i913, by vote Of two thirds Of all
us members, duly passed and adopted
a resolution determining that the pub
nc interest and public necessity Of the
CITY OF Ell Centre, and the inhabitants
thereof, demand the acquisition, con
struction. and completion by the City
OF El Centro OF certain revenue pro-
1ucmg municipal improvement, name
ly: Municipal Water works and water
system OF said City for the purpose Of
OF furnishing and supplying water to
the City OF Ell Centro. and the inhabi-
tants thereof, including for such pur-
pose the acquisition OF lands, water
rights, rights OF way, and the con-
struction OF aqueducts, bitches, canals,
reservoirs, distributing system, pump
ing and publication plants, and other
works necessary therefor; that said
municipal improvements are necessary
and rnnyAnilnt IA ~ Il, 49,
purposes, and powers Of said munich
palty, and II is the intention Of said
Board OF Trustees OF the said City Of
Ell Centre to have said water works
and municipal improvements connected
Herewith acquired. constructed. and
completed and that the cost Of said
water works, water rights. and muni-
cipal improvements connected there
with and before mentioned is. and will
be. too great to be paid ont of the
ordinary annual income and revenue Of
said City; and said resolution was ap-
proved by the executive Of said City.
to wit: the President Of the Board Of
Trustees Of said City, on the nth day
| of April, 1913. and was thereafter duly
published on the 14th day Of April,
1913. in the Imperial Valley Press, a
| daily newspaper Of general circulation,
| printed and published in said City Of
III Centro. and.
WHEREAS. the public interest and
public necessity of the City. OF FL Cen
| tro. and the inhabitants thereof. dc
mand the acquisition, construction. and
| completion Of said municipal water
works and water system, with tile OBJ
iect and purpose Of supplying said City
ana its inhabitants with water for DO
me- tic use and for irrigation purposes
eXtin2ui5hing fires, flushing sewers
sprinkling streets, and for other pur-
poses, and it is the intention Of said
Board Of Trustees ct ilie City OF e.
Centro to have said walter works and
ments connected herewith acquired
WHEREAS The estimated cost OF
the acquisition. construction, and com
| pletion Of said water works, water
rights, and municipal improvements
| connected Herewith, is Fifty Thousand
Dollars $3.50 100000. and such cos
is, and will be. too great to he paid
out OF the ordinary annual income anJ
revenue Of said City;
Section 2. NOW, THEREFORE,, ThaI
a special election be, and the same IS
hereby called to be held in the sait
Iunc. 1913, for the object and purpose
hf submitting t. the qualified voters
of said City the proposition Of incur
ring a debt for the purpose set forth
| in said resolution, and hereinafter
stated
Section 3. That the objects anC
purposes for which said Indebtedness
is proposed to be incurred, are the fol
lowing, to wit: The acquisition, con
struction, and completion by the City
Of Ell Centr0 Of certain revenue pro
ducing municipal Improvement, to wit
Municipal water works, and water sys-
TEN Of said City, including the acqui-
sition Of lands, water rights, rights o.
way. and the construction OF aqueducts
bitches, canals. reservoirs, distributing
system. pumping and puritlcatiol
Iplants, and other works necessar!
therefor. for the purpose Of furnishing
and supplying the City Of Ell Centre
and the inhabitants thereof. with wa
ter for domestic use and irrigation
purposes, extinguishing fires, flushin;
sewers, sprinkling streets, and TO
other purposes: That The estimated
cost of said municipal Improvement
lis Fifty Thousand Dollars (s5O,OOO.OO)
and that said cost is, and will be
too great to be paid out Of the ordi
nary annual income and revenue Q
said City; that the amount Of the prin
cipal of the Indebtedness to be incurred
Therefor is Fifty Thousand Dollar:
1850, ,OOO.OOO, and that the maximum
rate Of interest to be paid on SAT-
Indebtedness is six per cent per annum
payable semi-annually, which ratt
shall not be exceeded in the issuance
Of the bonds for such Indebtedness.
Section 4. That a special election
shall be held in the City Of Ell Centre
on the 9th day Of June. 1913, as afore-
said and is hereby called on that da!
for the purpose Of submitting to TIT
qualified voters Of said City the prop
osition Of mourning a bonded indebt-
edness in the sum of Fifty Thousant
dollars, (s5O,OOOO0). principal, anC
| from the sale of said bonds to pay tht
cost Of acquiring, constructing. ant
completing said water works and wa.
ter system for supplying said City ant
/ its inhabitants with water for domestic
use and irrigation purposes, extinguish-
ling fires, flushing sewers, sprinklin3
said election shall be held on the saiC
9th day of June, 1913, in said City o
Ell Centro, California, in all particulars
not recited in this ordinance, as pro
vided by law for holding municipa
elections in said municipality.
Section s. That if the proposition
of mourning the said bonded indebted
ness for the aforesaid purpose so sub
mitted at such election, receives tht
requisite number of votes, to wit Two
thirds of the votes Of the qualified
voters voting at such election, bonds O.
said City in the amount Of Fifty Thou
sand Dollars (s5O,000.OO) shall be is
sued and sold for the purpose Of ac-
quiring, constructing, and completing
said public Improvement. They shall
bear interest at rate not exceeding
Six per centum per annum. payable
semi annually, and the principal anC
interest thereof shall be payable ir
lawful money Of the United States oI
America. One-twentieth part Of tht
principal Of said bonds shall be PAID
each and every year at the office OF
the City Treasurer Of the City Of e
Centre, at said City, in the County OF
Imperial. in the .State Of California
on a day and date to be hereafter fixed
in said bonds, until the whole prin-
cipal has been paid. The earliest ma
turity of the indebtedness created by
the issue OF the bonds may be made
to begin more than one, and not more