The evening herald. (Klamath Falls, Or.) 1906-1942, 1917-03-22
LEGAL NOTICES
Az ORDINANCE No. 40

Wv VBeSSSsVNSS" sNNss Wv
Providing for the Issuance OF $780,
900 Of fundins bonds of the City Of
os klamath Falls. providin. for
the levy. assessment aud coiicc-
tion of . direct annual advaiorcm
tsx TO create and maintain q sink
tug fund tor the payment Of the
pFincipAi aud interest of such
bonds and declaring an emergency.
Whereas tho city of klamath Falls,
Oregon. has certain outsi andih.
indcbl~dneas In the sum 0f $780,
600. heretofore legally Incurred
under sathorlty OF subdivision ~ of
section ~ of article ~ of thc charter
Of said city. which Ia hereby declared
and determined To bc an existing.
valid and bindink obligation Of said
city. and
Whereas Il appears To the common
rouuci, of said city to be for the
bcst interest OF said city to fund aud
extend the time of payment of said
indebtedness, therefore:
Tho City Of klamath Falls ordains
"a follows:
Section THAT. for the purpose
nj funding and extending tho time III
payment of tho Indebtedness OF tue
city Of Klamath Falls. described In
the preamble hereof IN the said sum
OF $500. 900. there shnli bc isSucd the
bonds NJ said city In the sald sum o'
$500, 900, ns hereinafter provided. :.
Section ?.--That said bonds shall
bc OF the denomination OF $1,000
each, shall b. numbered consecutive
~ from No. I 10 No. 800. inclusive.
shail bear date of March I. 1917.
shall become due and payable Ia
thirty years after said date. shall
bear interest nj the rate of six per
cent pcr snnum from their date
until the princtplc sum shall b. paid,
psyablr semiannuaily on the LIST day
Of Heplc mber aud March In each year :
that tho several instnilments OF IN
eerest whail BE- evidenced BY coupons
attached 10 said bonds. and that both
nrinciplc and Interest thereof shall be-
uayabie as they become due ut the
0scal agency cf the State ot oregon
in tho city and State Of New YORK
IU, 8, A.; provided, however. that the
city Of klamath Falls. reserves th'
optlon 10 redeem bonds of said series
before their maturity rs follows:
Ronda Nos. ! 70 10. both ih''u
siiye. on March l. 1897;
Bonds Nos, 10 10 80. both incla
siiye, on March !. ls3?'
Bouds Nos, 81 to %6. both inc'n
siiye. on March I. 1887;
Bonds Noa. &c 20 60. both Incl"
sivc. on March I. ls<s'
or At any Interest paying peru. ~.
after 9aid respective uates ~ ,"'
option of said city. upon sara I..
giving written notice nt said pas'
OF payment aud at the once OF spi.ae' ,...
Rorick u company. New sork Wv!
Of Its intention 70 30 redeem: "
lesst s,xtv dsys before tho time "S''
eor ss,d redemrt'on. .,
Hection g. That said bonds sna'
hc s'sncd by the mayor ana pone'
fudge of said city and sha'l nav
smxed thereto the corporate sea-
:siS City. and that interest coupon
- hs Attached 10 said bonds shall n'
sisnod BY tho police Judge OF SAT-
ciSv: proylded, however. that tn'
sisnature OF tho police Judge mn!
IA nrinted or autographed upon sa''
Section I.-That tho mayor an!
coiicc fudge OF the city OF kiamaNl
Fails. be and hereby are authorize. ...
and directed TO prepare and se., sxec"., =,
said bonds and coInons ama a,vSr"% w"n !, ~
ma nmrchasers thereof ON payment o
thS nurchase price to the treasure
~ said city, That said bonds end tn'
intercst IN - coupons to be thereto at at
|tached shall be executed IN Tue .,t tora :"
ana shsll contain provisions an" 10
citsl9 substantially IN fo''ows'
limited States Of America !,
atate of Oregon, County OF k'amat'
"~ City OF. Klamath Falls
REFUNDIN0 BOND am n,
know al men by these presents
~" ciIv or Klamath Falls. u
tSs % county Of Klamath: state Of orr .ss
nowlsdoss itaslt indebted =! 70 ana n.,r pro .
I miscs 20 pay the bsarsr the s.,x ss% so;' =
IN Thounend Dollars ln Gole ool'
Gv~0TnA nfaiAa OF AmoplCe v