The evening herald. (Klamath Falls, Or.) 1906-1942, 1917-03-22

with the extending Of taxes upon the
l,ax rolls, and II shall BE- the duty oi
,he county and city officers annually
at the time and In the manner pro
vided by law for the icvying and
collection Of other taxes 10 rntify and
carry ont the provisions of this Ordi.
nance with reference. TO the Ievyins
and collection Of taxes and requiring
the officers Of and for said county "a
levy, extend and collect such taxes
IN tho manner provided by law for
tor the purpose 0f creating such
funds for the pnytneh, Of the Interest
upon and the principal of said bonds
hereby authorized. ana tho said taxes
when NO collected shall BE- turned
over to the city treasurer and by him
placed In said separate fund and kept
for and applied only 10 the payment
lof said interest and principal Of said
bonds nm hcrcinbcfOre specified.
| Section G.--That. nj the proper
tim. or times In each year. No Ions
M nny Of tho interest coupons appcr-
taining 10 said bonds remain out.
i standing and unpaid. the city trca.
;surcr shall. ~ and In the manncr. pro.
vided by law. remit. out 0f any
moneys In his hands belonging u
said city. In the form OF check OF
draft payable In New York City to
fiscal agency Of the State Of Oregon
In said city Of New York. = sum
sufhcicnt 10 pay the semi.unnusl
interest accruing on said bonds on
the nrst day OF September and March
respectively In each year and any and
nil escrow charges made by said fiscal
agency for handling said coupons:
and. at the proper time In the several
years In which the principle OF any
OF said bonds shalt become due. the
said treasurer shat. and he IL hereby
directed. ms an In the manner pro-
vided by law. out Of the sinking fund
created under the provisions OF this
ordinance. to remit BY check or draft
| payable In New York. to said fiscal
lagency. y sum sufhcieut to pay the
prinripal amount Of said bonds 20
maturing and any and all escrow
charges made by said hscai agency
for handling the same.
Section THAT the sale and
Inward of snid bonds shalt be made BY
the mayor and common council OF
said city upon the best terms at which
,said bonds can be sold to the highest
and best bidders therefor. at private
sale ut not less than pnr and accrued
interest. and the acts Of the mayoI
and common council In the premises
be and the same hereby are ratified
Improved and con6rmed.
Section S.---That the mayor. the
treasurer aud police Judge respective
ily, all, any or either Of them. are
hereby authorised. ordered and d.
,rected to furnish the purchaser ol
said bonds with . complete certified
copy Of the charter OF said city show
Ing all amendments made thereto
and with such certificates. Transcript
and other documeuts ~ will full!
levidence tho proceedings had prell
minary TO and In the issuance OF said
bonds. the regularity and milicienc,
thereof and the acts OF nny one or nj
Of said officers In the premises ar'
hereby authorized ratified. approved
and confirmed.
Section 8. That II be and Is here
by certified and warranted that al
conditions. acts and things necessar!
and essential to the validity Of tn
bonds hereby authorized and reQuiret
by law to be done. have been full!
done and performed.
Section lO.-That this ordinance
shall be irrepealable until the indebt
iedncas thereby authorised. both NJ 4
principle and interest. shall be full!
paid aud discharged. and the pr0vi
sions thereof shall constitute and tn,
same are hereby declared to be
, binding aud irrevocablc contract be
tween said city and the holders o
said bonds. and after said bonds o
, any OF thcm shall have been sold
paid for and delivered to the pur
chnscr they shall be incontestable b.
said city or any person or body 70
any reason or on any ground what
ever.
Section li.-That said ordinanc
being for the purpose of carrying Int
effect the objects authorised an,
ordered by u majority vote Of tn
qualified electors Of said city as 81
prcssed At the special election he'll
therein Nov. ~, A. D.. 1916. for tn
, purpose of amending the charter o
the city. more particularly by amend
Ing section 81 OF said charter b
, adding thereto subdivision a II
, necessary for the Immediate preser'
, walton OF the public peace. health an
/. safety of the city. that Il shall becom
: effective nj once. and on emergenc
exists and said ordinance shall b
therefore In full force and effect fror
aud after Its passage and apprOvs
and the same shall not be subject I
referendum.
= Passed by the common council thl
: 10th day OF March. A. D.. 1917.
SIGNED:
}. c. h. CRISLER.
Mayor OF the City
y Of klamath Fall,
4 Attest: SIGNED:
= A. l.. LEAVITT.
Police Judge OF the
n city Of klamath Fall
ORDINANCE NO. 100
o An Ordinance providing for the lisa,
h ance OF negotiable warrants OF tn
/ City Of klamath Falls In III
q amount OF &300,0O0.O0 to rails
Q means to build and equip a railrOa
n within and without said citv: prt
= v'dinR for the levy and collectio