The evening herald. (Klamath Falls, Or.) 1906-1942, 1921-10-24
CHAPTER AMENDMENTS
SUBMITTED TO THE VOTERS BY
THE COUNCIL
An Act

An Act
To amend the charter of the City
OF klamath Falls, Oregon, entitled
"A Bill proposed by Initiative petit
tion for an act to inact, provide and
adopt charter for the City of Klam-
ath Falls klamath County, Oregon,
to be submitted to the legal voters
OF the City of klamath Falls, Klam-
ath County, Oregon, for their approx
al or rejection at special election
to be held In said City on the 10th
day Of March, 1913." submitted to
and approved by the legal voters OF
said City on the 10th day OF March,
1918, as subsequently amended by
the legal voters OF said City at the
special election held therein on the
14th day OF November. 1915, and as
subsequently amended by the legal
voters Of said City at the special cleo
tion held therein on the 12th day Of
August, 1891, and to amend all other
amendments thereto.
BE 1T ENACTED BY THE PEO-
PIE OF THE CITY OF KLAMATH
FALLS that the charter OF the City
Of klamath Falls, same being an act
entitled "A Bill proposed by initia-
tive petition for an act to enact, pro-
vide and adopt charter for the
City of klamath Falls, klamath
County, Oregon, to be submitted to
the legal voters OF the City OF Klam-
ath Falls, klamath County. Oregon.
for their approval or rejection at q
special election to be held In said
City on the 10th day of March,
1s13," submitted to and approved by
the legal voters Of said City on the
10th day OF March, 1913, as subse-
quently amended by the legal voters
Of said City at the special election
held therein on the 14th day of
November, 1916, as subsequently
amended by the legal voters Of said
City at the special election held
therein on the 18th day Of August,
1921, and all other amendments
thereto. be and the same hereby Is
amended by adding thereto Section
$40 to read as follows:
SECTION $40. (a) For the pur-
pose OF providing additional funds
with which to pay and redeem the
$20,500 City OF klamath Falls I'm
provement Bonds, dated May /. 1911.
numbered to which
matured May 1, 1921, together with
the accrued interest thereon, and also
to pay and redeem the City of Klam-
ath Falls Improvement Bonds, dated
October I, 1911, which matured Oc-
tober /. 1921, numbered to
aggregating $36.658.51 to-
gether with accrued interest there
on, and also to pay and redeem the
City OF klamath Falls Improvement
Bonds dated April /. 1912 maturing
April /, 1922, numbered to
-- aggregating $12,501.56 to-
gether with accrued interest thereon,
the Council OF the City Of klamath
Falls, Oregon, Is hereby authorized
and empowered to issue and dispose
OF general obligation refunding bonds |
Of said city In the sum OF $65. 100000
In denominations OF $1,000 or $500
each. duly signed by the Mayor and |
by the Police Judge |
under. the corporate seal OF the City. |
having semi-annual interest coupons |
thereto attached bearing the engrav-
ed fac-simile signatures OF the Mayor
and Police Judge. whereby the City |
shall be held In substance and effect |
to undertake to pay the bearer Of
each OF said bonds at maturity there
OF the sum therein named In gold |
coin OF the United States of the pres
ent standard of value with interest
thereon In like gold coin at the rate
OF six per cent (6%) per annum.
payable semi-annually, said bonds to
be known as City of klamath Falls
Bonds. said bonds to be
dated November I, 1921. and to ma
ture In not to exceed twenty years
from date of issue. principal and in
terest to be payable at the Fiscal
Agency Of the State of Oregon In
New York City.
Cd The debt limitations contain
I'd In the charter OF said City shall
not apply to the bonds hereby au-
horized.
(c) Said bonds shall be sold by
he Council as In It's judgment may
De best, and the surplus, II any, over
he amount necessary to redeem the
Aforesaid Improvement bonds, deriv-
I'd from the sale thereof, shall be
oaid into the general fund of the
city.
(d) The purchaser or purchasers
II said bonds shall in no wise be
required to see to the application
y the purchase money therefor. !