The Wahpeton times., 1914-08-27

Special Election held in and for
the said City on August 4th, 1914,
at which election the said Legal
voters of said City did by a ma
iority vote determine in favor of
issuing said bonds and at which
and in which said Special Elec-
tion there were 172 votes cast i'm
favor of issuing said bonds and
17 votes cast against the issuing
of said bonds.
Section (Two)
The Bonds authorized and de-
scribed in Section One of this
Ordinance shall be sold to the
person or persons who shall pay
the highest price therefor ana
shall not be sold for less than
their par value and the money
and funds arising from such sale
as the proceeds of said bonds
shall be used for the purpose for
which the said bonds were auth
orized by the legal voters of said
city at the aforesaid election,
namely, for the purpose of con-
structing water works for the
purpose of furnishing a supply
OF water to the inhabitants OF, the
said City of Wahpeton, North
Dakota.
Section (Three)
There is hereby levied upon all
OF the property subject to taxa
tlon in the said City of Wahpeton,
North Dakota. an annual tax of
One Thousand Two Hundred and
sixty Dollars ($1,26O.OO) each
year for the years 1915, 1916.
1917, 1918, 1919, 1920, 1921.
1922, 1923, 1924, 1925. 1926.
1927. 1923, 1929, 1890, 1891.
1882. 1888 and1934, respectively,
for the purpose of raising money
and funds to pay the annual in
terest on the bonds authorized
by this Ordinance as the same
shall become due and payable and
a further sum of OnA Thousand
and Fifty Dollars (S1,O5O.OO) is
hereby levied upon the said pro-
perty annually for each of the
said years herein specified to
create a sinking fund to pay the
principal of said bonds when the
same becomes due and payable.
and the said levies of taxes here
in provided for shall be annually
certified to the County Auditor at
the same time and in the same
manner as the annual lew - of
taxes for other City purposes is
certified to said County Auditor
and the said taxes hereby levied
snail be collected in the same
manner as other City taxes are
collected: but the monies and
funds accruing therefrom shall
be accounted for in special Funds
and applied solely and wholly for
the purpose Of paying the inter
est and principal of said bonds as
the same shall become due and
payable. o
-, Section (Four,
There is hereby annually an
Droprlated out of the monies and
funds that shall arise and come
into the City Treasury of the said
City from the levies of taxes made
and provided for by this Ordinance
the aforesaid sum of One Thou
sand Two Hundred and Sixty Dol
lars ($1, ,26O.OO), or as much
thereof ael as may be necessary. to
pay the annual interest on laid
bonds authorized by the aforesaid
election and this Ordinance and
the further sum of One Thousand
and Fifty Dollars (Si,O5O. .OOIs is
hereby annually appropriated out
OF the monies and funds accrl1.
ing from the said sinking fund
levy to be set aside as a Sinking
fund for the payment and dis
charge of the Principal on the
aforesaid bonds. as the same shall
become due and payable. ...
-, Section (Five)
This Ordinance shall he and
remain in full force and effect
from and after it's passage and
approval and publication and fhe
same shall be irrepealabie until
the said bonds and the interest
tnereon are fully paid and dis
charged. ~
First reading August 4th. 1914.
Second reading and final pass-
age Aug. 25th. '1
Approved AUGUST 25th. 19f4
LOUIS FLIGELMAN, y,
Attest: S. H. MURRAY mayor.
City Auditor.