The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-12-18

In ~,P,,I vuccA..~ss - 49, s.-> ...
,a v,,sars h.iam Id " snO 80 Sno, . upon
~ ,ho sareah ,."rus, oS ~ sa.~ assa 'c~'u.cs %
hords s." S.,II sa.u
ne order =, ~. no,n..ns oo,,r.1 ~
sa,d ns,w ~ ,,s.X nsn,,,.s'.,. % =.
% shn ,rrnoo vy ~ - ~ h,,s,s,a ss.,svy asH l0I
reiirnoS ,.,,.Sss nn w .s..S.n Spp.nns
horraa,,.a - .hn .s 80 .uH .n "a.
"nd ,,an 80 - az % ~ ,.... ~ .ne .|s Ienes
nS amS snr Sne ,sae. " ."S e.. .a.s .su e..n .nereU
% ansd nn,Is I'n.. vH. .scs .ms purcn.ssrn s oI
nani, nn ~, ' ssa nousr
% omn,,oo,,n ~ - nv"sse - ,, ,as ospos'D ~ Ut .ne
sp ~ said HnrS. a. 'hv hv pS ~, ia " .a .ns sa,e
"ornr,"r - u "n,'n. ~ - 'nS 'au an easurer. a%ns
~ saST Ito, "a - " .a.s yes hncSn
" W smw - ,a. v.,y u nsn nsau 'a,u ss ovnas.
,,a,,aay,I @ p",s 's, uny'ev san- sa .ss. .s M Deen
.hnr"as,ar .,va - s",u a..as, pu.cnas .ney snan
,n.a,,au aAm " .n.oh.es.auIe ~. s w anu tneII
hs"w h,, an,, .an, snau ~. " ops" " son.est
~ ny,as,n y p..sHn VI pe'pOs, ~. eo'p"ra'i"n ~. M
onr .ap.n. ao'. @ vi y. e lily ior
'."noI y. ie"So"" ""'cver
Section 8. The interest falling due
on said bonds on June ! and Decem-
per i. A: ID. 1917. shall be and the
same IL hereby ordered appropriated
ana paid by the city treasurer from
the general fund. or out OF any
moneys IN mis- hands belonging to said
city, ana Tor the purpose OF repaying
tne amount or amounts 30 borrowed
ana also TO create a fund sumcient 10
pay the interest accruing on said
bonds subsequent to December !, A.
ID. 1917 promptly when and as the
same becomes due and TO establish
sinking fund with which TO discharge
tne pr1ncipa! thereon at maturity,
there shali be and there Is hereby
levied upon all OF the taxable prop.
erty OF SAID city, IN ADDITION TO all
other taxes. In each OF the years 1917
10 1860, inclusive, direct annual ad
vaI0rem TAX sumcient 10 create and
MAINTAIN a iund 10 pay said interest
ana principal AZ the same become due
and payable; and said tax, when col.
lected. snail De turned over to and by
the city treasurer kept IN separate
iund to De known as ana DESIGNATED
haiiroad bonds, dated december i.
1915. BOND interest ana sinking fund.
which shall be irrevocably pledged to-
ana used solely Tor the payment OF
the interest on ana principal OF the
said bonds hereby authorized when
due. 20 long as any OF said bonds or
the interest coupons tnereto apper'
tanning remain outstanding and un-
paid; ana Tor greater certainty. tho
common council OF said city shall IN
each or SAID years 1917 10 1868, inclu-
sive, lnciude the Dond TAX nereinaDove
levied Tor such year IN the annual es.
innate Tor said city Tor such year ana
said BOND tax snail IN each OF said
wears at the lawlul time ana by the
said common council ana the omcers
OF SAID city, De duly certlned 10 the
county omcers having 70 90 with the
extending OF the taxes upon the tax
rolls, and 1t snail pc the duty OF the
proper county ana city omcers. ana
they are hereby required annually at
the time ana IN the manner PROVIDED
Dy law Tor the Ievyins ana collectine
OF other taxes. to ratify ana carry out
the provisions OF this ordinance, with
reference TO the levying ana collect'
ing OF taxes. ana requiring the omcers
OF and Tor said county 70 levy, extend
and collect such taxes IN the manner
provided by law, Tor the purpose OF
creating fund Tor the payment OF
the interest upon and the principal OF
the said bonds hereby authorized:
ana the SAID taxes. when 30 coiiecteo
shall be turned over to ana by the
city treasurer Kept Tor and applied
slly to the pa. r'eEf CT said interest
md principal 81 said ronds as mere
inabove specined. out nothing herein
contained shall be 80 construed as 10
prevent said city from applying any
funds that may be IN the treasury ana
available Tor that purpose 70 the pay
ment q said interest or pr1ncipei aa
the same respectively mature. ana the
levy or ievies hereinaDove provided
for may thereupon TO tnat extent oe
diminished. and upon payment OF tne
principal OF any OF the bonds issued
hereunder In said manner. or oy the
use OF the sinking fund herein pro
vided for. the levy or ievfes herein
provided for the payment OF interest
may to the extent OF the INTEREST on
tn bonds so paid be Diminished.
Section 9. That on the 15tn DAY OF
May and November, respectively. IN
each Year. SO long as any OF the IN
terest coupons appertainih! 10 ,ne
bonds hereby authorized 70 be Issued
G. main Outs,t rdtng ana uNpa'u, IN :