The Delta independent., 1914-01-30
Commissioner Of Finance and Sup
plies and Ex-officio City Clerk.

Commissioner of Finance and Sup
plies and Ex-officio City Clerk.
SEC. 4: That the said bonds shall
be sold according to law, and the pro-
ceeds thereof applied solely to the col
struction of water works to supply
said city with water for fire and DOM
estic purposes, and that the purchas-
ers of said bonds shall in no manner
be responsible for the application or
disposal by said city or any of its
officers. of any of the funds derived
from the sale thereof
SEC. 5: That there be, and hereby
is, levied upon each and every dollar
of valuation of taxable property with
in said city, annually, in addition to
all other taxes of said city, a tax suf-
ficient to produce the sum of four
thousand five hundred dollars (s4,50O.
o0) in each and every year during the
time said bonds shall be outstanding,
for the payment of the interest accru-
ing upon said bonds, as it shall fall
due, until said bonds and the interest
thereon are fully paid and discharged;
and there is hereby also levied upon
each and every dollar of valuation of
taxable property within said city,
sufficient tax to produce the sum of
fifteen thousand dollars in each of
the years 1924, 1925, 1926, 1927, and
1928, for the purpose of extinguishing
and paying the principal OF said bonds
when the same shall become due and
payable. and the taxing and collect
ing officers OF said city are hereby
authorized and required TO levy, ex-
tend and collect such taxes annually
as shall become necessary and due
under this ordinance; and the said tax,
when collected, shall be applied solely
to the payment OF said interest and
principal of said bonds, respectively,
and for no other purpose whatsoever,
until the Indebtedness contracted un-
der the ordinance, both principal and
interest, be fully paid, satisfied and
discharged. This section, however,
shall not be so construed as to prevent
the said city from applying all other
funds that may be in its treasury and
available for that purpose, to the pay
ment of interest on or principal Of
said bonds. as the same may respect
lively become due and payable.
SEC. 6: That it shall be the duty
of the City Council of the City of Delta
to annually, at the time and in the
manner provided by law for the levy
ing of other city taxes, II such action
shall be necessary to effectuate the
provisions of this ordinance. ratify
and carry out the provisions thereof
in full with reference to the levying
of taxes and to require the officers
OF and for the City of Delta to levy,
extend and collect such taxes in the
manner provided by law. for the pur-
pose of creating a fund for the pay
ment of the interest upon and the prin-
cipal of said bonds. and said taxes,
when collected. shall be kept for and
applied only to the payment of said
interest and principal of said bonds, as
hereinbefore provided.
SEC. Z. This ordinance shall be
irrepealable until the debt herein pro
vided shall be fully paid, satisfied and
discharged.
SEC. S: All ordinances and resolu-
tions and parts OF ordinances and reso-
lutions in conflict herewith are hereby
repealed.
SEC. 9: This ordinance shall be in
full force and effect from and after
its adoption and publication, as re-
Quired by law.
Read and ordered published this
18th day of January, A. d. 1914.
WATSON II. STEWART,
Commissioner of Public Affairs and
Ex-Officio Mayor.
Attest:
LIONEL r. wIGRAM.
Commissioner of Finance and Sup
plies and Ex-officio City Clerk.
Passed by the City Council this 27th
day of January, A. d. 1914.
WATSON H. STEWART,
Commissioner of Public Affairs and
EN-Officio Mayor.
Attest:
LIONEL r. WIGRAM.
Commissioner of Finance and Sup