Imperial Valley press., 1914-02-13

Section 2. That all of the amounts
unpaid on said bonds shall bear inter
est at the rate of six per cent per an
mum until maturity, interest COM
mencing on the second day of July,
1919, and all accruing interest shall be
paid on the second day Of January and
on 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 banking house
of Crocker National Bank, in the
City of San Francisco, California,
which day and place shall be specified
in said bonds and the coupons thereto
attached.
Section 4. That said bonds shall
be substantially in the following form,
except the number of the bonds and
the date of maturity, to-wit:
FIVE HUNDRED (s5oo) DOLLARS
UNITED STATES OF AMERICA,
STATE OF CALIFORNIA,
CITY OF Ell CENTRIC
MUNICIPAL IMPROVEMENT BOND
ISSUED FOR WATER WORKS
AND WATER SYSTEM CON-
STRUCTION PURPOSES.
Ell Centre, California, July 2, 1918.
On the End day of July 10. 80, the
City of Ell Centro promises to pay to
the bearer, at the Banking house of
Crocker National Bank, in the City of
San Francisco, California, the sum of
Five Hundred ($500.00) Dollars, and
will pay interest thereon from the End
day of July, 1913, at the rate of 6
per cent per annum, payable seml-an-
nually on the End day of January and
the End day of July, at the banking
house of the Crocker National Bank,
in the City of San Francisco, Califor-
MIA, upon presentation and surrender
of the interest coupons hereto at
tached; principal and interest payable
in lawful money of the United States.
and for the payment of the principal
sum herein named and the interest ac-
cruing thereon, the said City Of Ell
Centre is held and firmly bound, by its
faith and credit, and all real and per-
sonal property of said City are hereby
pledged for the prompt payment OF
this bond and interest at maturity.
This bond is one of the series of
bonds of like date and effect, 100 in
number, and aggregating the sum of
Fifty Thousand 0,00000) Dollars,
and is issued in pursuance OF an Act
of the Legislature of the State of Cal
ifornia which became law February
25th, 1901, and Acts amendatory there
of and supplementary thereto, author
izing the mourning of Indebtedness by
cities for municipal improvements. 1t
is further certified that all the require
ments of the law and Ordinances OF
the City of Ell Centre have been COM
piled with by the proper officers in
the issuing of this bond. This issue
of bonds has been authorized by a
vote of more than two-thirds OF the
qualified voters of said City of El
Centre voting on the question of such
issue at special election duly and
regularly called and held in said
City on the 9th day of June,
1913, and that the total amount
of this issue, together with all
other indebtedness of said City, is
within the limits prescribed. by law.
This bond ceases to bear interest when
due unless presented for payment.
WITNESS the seal of the said City
and the signature of its President of
the Board of Trustees, Treasurer, and
City Clerk.
President of the Board of Trustees
of the City of Ell Centre.
Treasurer of the City of Ell Centro.
Countersiglled:
Clerk of the City of Ell Centre.
Corporate SeaD.
The said bonds, except the number
and their date, shall be endorsed as
follows:
CITY OF FL CENTRIC,
COUNTY OF IMPERIAL,
STATE OF CALIFORNIA
MUNICIPAL IMPROVEMENT BOND
ISSUED FOR WATER WORK AND
WATER SYSTEM CONSTRUC-
TION PURPOSES.
$4,000.
Principal due July 2, 19.....
Interest payable on the 2nd days of
January and July of each year, prin-
cipal and in terest payable at the bank,
ing house of .Crocker National
Bank, in the City of San Francisco,
California.
IndI IIleTS +Sildll DS dCIdSilSu w oe'i't
bonds interest coupons, authenticated
by the photographic facsimile sigma
ture of the Treasurer of the City of
Ell Centre for each installment of in
terest due upon each of said bonds,
which coupons attached to each bond
shall be Numbered consecutively ac-
cording to the order of maturity, com
mencing with No. I. which coupon
shall be Substantially in the following
torn, wit N the exceptions OF the date
of payne Int and number, to-wit:
S. Il. No.
On th9 End day of A. d., 49,.
the CitN of Ell Centre will pay to
bearer al the banking house of Crock
er Natiohal Bank in the City of San
Francisco, California, the sum of
Fifteen dollars, lawful money of the
United States, being semi,annual in
terest Hue on municipal bond No
Il issued for water works ana
water ystem construction purposes,
Dated, July 2nd, 1913.
4. ...'.'
TreasIlrer of the CITY of Ell Centric.