The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-12-15

States Of America at the hscal agency
Of the State of Oregon, In the city ant
State Of New York, Y. =. A.
Section 3. That each of said bonds
and each Of the interest coupons
thereto attached. except IA TO thei'
number. shall be In substantially the
following form. to-wit;
(Furm of Bond)
UNITED STATES OF AMERICA
Stat" Of Oregon County Of klamath
CITY OF KLAMATH FALLS
No. $1,000
RAILROAD BOND
Know Al Men by These Presents,
That the City Of klamath Falls,
Klamath County. Oregon. acknowl'
edges itself to owe and FOR value re-
ceived hereby promises to pay To the
bearer hereof the principal sum of one
thousand dollars on December !. A. ID.
1866, together with interest thereon
at the rate Of six per centum per an
mum. payable semi.annually on the
first day OF June and December. re-
spcctively. In each year. evidenced by
and upon the presentation and surren'
der of the interest coupons hereto at
tached as they severally become due.
both principal and interest hereby
made payable In lawful money OF the
United States Of America at the fiscal
agency OF the State Of Oregon, In the
City and State OF New York. Y. =. A.,
This bond Is issued by said city for
the purpose of borrowing money To
pay the cost of the construction and
equipment Of a railroad TO run within
and without said city for the benefit
and uses Of the inhabitants thereof
and for profit, under. by virtue OF and
In all respects in full and strict com.
pliarce with the constitution and laws
of the State OF Oregon and Subdivi.
sion a Of Section 81 OF the Charter
OF said city and an ordinance duly
adopted by the common council there
of prior to the issuance of this bond
II is hereby certified. recited and
warranted that said city has been for
many years past and is now n body
polite and corporate and a municipal
duly organized. existing
and operating a. a city under and by
virtue OF the constitution and general
laws Of the State OF Oregon.
And II Ia hereby further certified.
recited and warranted that all things.
acts and conditions required by the
and laws OF the State OF
Oregon and the charter and people Of
said city to exist and TO happen and
be done and performed precedent to
and in the issuance OF this bond, In
order to constitute the same the valid
and binding obligation OF said city.
Ia tsf hannannA N
lone and performed In regular and
iue form and time: that the total In
OF said city. including this
bond. does not exceed any constitu.
tional. statutory or charter limita.
ion: and that due provision has been
made for the levy. assessment and
of a direct annual ad valor.
IN tax on all OF the taxable property
" the city, in addition to all other |
aNes. sufficient to crea = fund TO /,
,Cy the interest acci aIng on this bond !
when and as the same becomes due !
md establish sinking Fund wiIh |
which 10 discharge the principal here. |
Il at maturiay.
The faith. credit and all OF the tax.
Ible property OF said city are hereby !
pledged for the punctual !
payment OF the principal and intereCt ,
II this bond. respectively. AS the same
,ecome due and are payable as afore.
aid
This bond Is redeemable nj the op-
Ion Of said city on and after Decem. |
'er !. A. ID. 1926.
~ TESTIMONY WHEREOF. The |
iiy OF klamath Falls. Klamath conn. |
y. Oregon, by It's common council.
'as caused this bond TO be signed by |
he mayor. attested by the police
udge and sealed with the corporate ,
cal Of said city and the attached in.
crest coupons to be signed with the
facsimile signature Of it's
aid officers. this first day OF Decem.
'er. A. ID. 1916.
............................. Mayor.
SeaD
Attest.
........................-......., Police Judge.
(FOrm Of Coupon)
On June !.
December ]. ...............A. d. 49,.
The City OF klamath Falls. klamath |
county. Oregon. for value received |
promises TO pay to the bearer hereof
he sum OF thirty dollars in lawful
,n4nar of tho Iy~gtaA Ctntao ~