Imperial Valley press., 1913-05-29
out Of the ordinary annual income and


Git! OF Ell Centre on the 9th day OF
June, 1913. for the object and purpose
of submitting to 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 anG
purposes for which said Indebtedness
is proposed to he incurred, are the fol-
| lowing. to wit: The acquisition, con-
struction. and completion by the City
of Ell Centre of certain revenue pro-
duclng municipal improvement, to wit
Municipal water works. and water sys.
tenn Of said City, including the acqui-
sition OF lands, water rights. rights OF
way. and the construction OF aqueducts
bitches, canals, reservoirs, distributing
system. pumping and purificatior
lplants, and other works necessary
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. flushins
| sewers, sprinkling streets, and foI
other purposes; that the estimated
cost of said municipal improvements
| is Fifty Thousand Dollars $3.50, ,OOO. .OO)
| and that said cost is, and will be
| too great to he paid out of the ordi-
nary annual income and revenue OF
said City: that the amount Of the prin-
cipal Of the Indebtedness to be incurred
therefor is Fifty Thousand Dollars
| $50, 100000, and that the maximum
rate Of interest to be paid on saiC
indebtedness is six per cent per annum
payable semi-annually. which rate
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 day
for the purpose Of submitting to the
qualified voters of said City the prop
osition of mourning a bonded indebt-
edness in the sum of Fifty Thousand
Dollars. (S50,000.00), principal. and
from the sale of said bonds to pay the
cost Of acquiring, constructing. and
completing said water works and wa
ter system for supplying said City and
its inhabitants with water for domestic
use and irrigation purposes. extinguish
ing fires, flushing sewers, sprinklina
streets, and for other purposes, and
said election shall be held on the said
9th day of June, 1913. in said City OF
Ell Centro. California. in all particulars
not recitcd in this ordinance. as pro-
vided by law for holding municipal
elections in said municipality.
Section 5. That if the proposition
of mourning the said bonded indebted
ness for the aforesaid purpose so sub
mitted al such election. receives the
requisite number Of votes. to wit: Two
thirds of the votes Of the qualified
voters voting at such election, bonds OF
said City in the amount Of Fifty Thou
sand Dollars fS5O.OOO.OO) shall be is
sued and sold for the purpose Of ac
quiring. constructing, and completing
said public Improvement. They shall
hear interest at a rate not exceeding
Six per centum per annum, payable
semi annually. and the principal and
interest thereof shall be payable in
lawful money Of the United States OF
America. One-twentieth part Of the
principal Of said bonds shall be palIl
each and every year at the office of
the City Treasurer Of the City Of El
Centre, at said City, in the County of
imperial, in the State of California.
on 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
than ten years after the date OF iSSu-
ance Of such bonds: that the interest
on said bonds shall be paid semi
nually at the same place. one of such
semi annual payments in each year
being made at the date OF the payment
Of the annual installment Of the prin-
cipal of such indebtedness as aforesaid
and provided further that said indebt
edness shall he evidenced by bonds
and proper coupons attached thereto. a
separate coupon being attached to each
bond for each Semi-annual payment OF
the interest to become due on said
bonds. and that such bonds shall be
issued in such denominations or de-
nomination as the Board OF Trustees
of said City shall determine in accord
ance with the law: said bonds shall be
signed by the President Of the Board OF
Trustees Of said City Of Ell Centre, and
also by the Treasurer Of said City, and
shall be countersigned by the City
said bonds shall be numbered consec-
utively and signed by the Treasurer
Section 6. That for the purpose Of
paying the principal and interest Of said
bonds, the Board Of Trustees Of said
City shall. at the time of fixing the
general tax levy> and in the manner for
such general tax levy provided, levy
and collect annually each year until
said bonds are paid or until there
shall be a sum in the Treasury Of
said City, set apart for that purpose,
TO meet all sums coming due for the
principal and interest on such bonds,
tax sufficient to pay the, annual in
terest on such bonds, and, also such
part of the principal thereof as shall
become due before the time for fixing
the next general tax levy: provided.
however, that if the maturity Of the
indebtedness created by the issue OF
the bonds be made to begin more than
ore year after the date OF issuance OF
such bonds, such tax shall be levied
and collected at the time and in the
manner aforesaid. annually each year.
sufficient to pay the interest on such
Indebtedness as it falls due, and also
to constitute a sinking fund for the
payment of the principal thereof on or
before maturity. Said taxes shall be
municipal purposes, and shall be col
lected 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 bonds
and accruing interest.
Section Z. That the proposed in
debtedness Of Fifty Thousand Dollars
$50, 900. .OO). including all other in
debtedness already incurred by said
City for municipal improvements, will
not in the aggregate exceed Fifteen per
cent Of the assessed value OF all real
and personal property Of the City Of
FL Centre.
Section s. The Polls Of said cleo
ton shall be opened at six (6) O'Clock
in The morning of the day of election,
and shall be kept open until six e.
o'clock in the afternoon Of said day
when the polls shall be closed: pro-
vided, however, that if at the hour of
closing there are any other voters in
the polling place, or in line at the
door who are qualified to vote and
have not been able to do so since ap-
pearing. the polls shall be kept open
a sufficient time to allow them to vote
But no one who shall arrive at the
polling-place after six (6) o'clock in
the afternoon. shall be entitled to vote,
although the polls may be open when
he arrives.
Section q The hallotS IN no luSad