The times-herald. [volume] (Burns, Harney County, Or.) 1896-1929, 1915-07-03
g immunity, piace of payment, ana


the city when delivered to the purchas
or shall thereafter be ineontestible, and
neither their legality nor the levy,
assessment, or collection of taxes for
the payment OF either the interest on
or the principal OF, said bonds shall be
open to contest by said city or by any
person or persons, corporation or cor
porations, for any reason or reasons
whatever.
In and by the ordinance authorizing
the issuance and sale OF any bonds for
waterworks. sewers or light plant the
common council shall levy direct annual
ad valorem taxes, In addition To all
other taxes, and particularly in addition
I, the 10 mills provided in subdivision
2 of Section 30 and in Section l02 o,
this charter and without submitting
such ordinance or levy to the vote oi
the owners of taxable property in said
city or to the vote Of other taxpayers or
voters therein, upon all taxable property
ofthe city, sufficient to pay the interest
on said bonds promptly when and ms
IN. sam. b.eomss due and IN cyco,e n
.;,t;rg fund to d;scboYoe the ,rirc;,oI
thereof nj maturity and soid council
shall include such levy In the annual
general tax levy OF the city. Said coun-
eli ,hal oIso ,couir. tina coIl.c,;o, or such
,nxes NV the nro,er eitv nnd county
officials nu,boriyed bv law IN make
sucb collections. and the taxes so levied
assessed and collected shall Inc kent in
separa,e fund. for eoeh kind of bond.
respectivelv. and eaeb of said fund. shall
he used solely in the pnvment of the In.
terest and priuc;pol of It's respectiye
bonds and the said priucipnI and inter.
est sball be maid ont of snid fund. NJ the
time or times provided aooordinp 10 law
and the tenor of such bonds and coupons.
and such ordinance authorizing the is.
suance and sale of suoh bonds and levy
inc such taxes shnll. upon payment of
the purchase price of any of said bonds.
he ;,repeoIabl.. and the classes kinds or
amount of property subisot TO to.e.. or
tho method or manner of lew. ASSESS.
men, or oollectiou of taxes thereon. pro.
yided bv law at ,be time of massage and
approval Of such ordinance, shall not he
chauyed in anv manner so ms 10 rcduc,
or Jiminisb the securitv for such bonds
or any of them. or lessen the mower.
authoritv or ability of snid eitv Ia raise
funds sufficient to nay the interest on
said bonds promptly when and as the
same becomes due. and 20 discharge the
priucipal thereof nj maturity. as sproyid.
ed In the ordidauee issuing such bonds
Or any OF them, so long as any of said
bonds or any of the interest thereon re.
mains unpaid,
In the event of the refusal. neplpct or
iailurs Of the city, of the said council
or any or aIi of ,he official. Of the CITY |
having todo with the levy. nsssssm.nt |
or collection of the tn.s, provided in this
section, or the payment of the moneys
thereby derived Ia the holder ar hold,,s
of said bonds or the roupops appcrtnin.
ing thereto, TO perform their several
duties relative TO such levy, assessment,
collection or payment. NJ the time or
times provided according to law and
the tenor Of suid bonds and coupons.
whereby any default occurs ia the nav.
ment Of the interest upon any of said
bonds, or apy part Of such interest or
the principal of said bonds or onv pnrt
thereof nj the time. plase mr. man,e, ofl
of said nripc,onI AR i,,.r,.t
and by reason of such default anv .ui,
or proceeding is brought by the holder
or holders OF any such bond or bonds
coupon or eoupons, to recover any such
principaI or interest, due and unpaid,
then in that case the said city shalt be
liable for aud shall pay. not only the
principal or interest, or both. which may
be due to such holder or holders, but
shall also DO liable for and shall pay all
sosts and expenses OF such suit or pro.
seeding. and also reasonable attorneys
res amounting to the sum OF ten [lol
pcr gent of ths amount OF the principal
,r ipterest, or principal and interest,
~ the ease may be. Tor which any such
'pit or proceeding IS brought, and all
'peh costs ana stpenses OF such suit or
Observation-Disclosures attorneys iees,
'baii be,apd the same are hereby declared,
10 much additional Indebtedness Of the
my winch sha' Do included IN any
Judgment obtained against such city.
.nd inc payment OF which shall be en-
oreed In the same manner and by the
'ame means as the payment OF said
'Tfeipaf ana interest
l.. A. IL. | y