Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-05-05
NOTICE OF SPECIAL ELECTION.

Notice is hereby given tha. a spec.
fal election vii! be held in the city
OF Toledo on the 9th day of May, 1922.
between the leSal voting hours on
said date as in the following reso.u.
tion provided:
Thereupon the following resolution
was duly offered, seconded and unan-
imously adopted:
RESOLUTION.
Be it resolved by the counci! CT the
city of TOlado, Lincoln county, Ore
gon, THAT the following proposed am
endmcnts to the charter Of said city
be and the same are hereby proposed
for submission to the legal voters of
said city for their adoption or rejec-
tion at a special election 70 be held
on the Sth day of May, 1922, as here
in provided, towit:
Charter Amendments Submitted to
the Voters by the City Council.
An act to amend an act entitled
AN act to incorporate the City or
Toledo, Lincoln county, Oregon" I"
filed in the office Of the Secretary
OF State February 10, 1905, as sub8o.
quontly amended b! certain pr1pos.
ed charter amendments submitted 10
and adopted by the legl! voters Of
said city at a special city election
held therein on August 13, 1917. anu
as amended by certain proposed char
ter amendments submitted to and
adopted by the legal voters of said
city at special city election held
therein on June "a, 1919, and as sub
sequently amended by certain sro-
posed charter amendments. submitted
to and adopted by the legal voters Of
said city at a special city election
held therein on the 7th day of June,
1921, and to amend all other acts am
ending said act adopted by. tho .egis.
lative assembly or by vote Of the peo-
pie.
BE 1t enacted by tho people OF the
city Of Toledo that an act entitled
IAN act to incorporate the city OF
Toledo, Lincoln County, Oregon, I'll.
ed in the office OF the secretary of
state February 1S, 1905, az eubse-
Quently amended by certain propos-
ed charter amendments submitted
w aAN ouOpCSu W IilC lCbdl NOlcfo
OF sa.id city at q special city election
held therein on August 13, 1917, and
as amended by !, certain proposeo
charter amendments submitted to
and adopted by the lega. voters OF
said city at a special city electio..
held therein on June "a, 1919, and as
subsequently amended by certain
proposed charter amendments sub
mitted to and adopted by the legal
voters OF said city at special city
election held therein on the 7th day
OF June, 1921, and to amend all other
acts amending said net adopted by
the legislative assembly or by vote
Of the people" be and the same hero
by Is amended by adding thereto sec.
tion so to read es follows:
Section 80 (a) For tho purpose OF
procuring the necessary funds to
make improvements, be.terments, ad.
ditions and extensions to the city OF
Toledo water system, council OF said
city Is hereby authorized and EN-.
powered to issue and sell negotiabl.
coupon bonds OF the city in sum
not to exceed twenty-five thousand
five hundred dollars (s22,5O0) said
bonds to be in denominations OF five
hundred dollars (s500) or one thoc,
sand dollars (s1000) each duly signed
by the Mayor and countersigned by
the Recorder, whereby the city Of To-
ledo shrll be held in substance and
effect to undertake and promise to
pay the bearer OF each OF said bands
at maturity thereof the sum named
therein in cod coin Of the United
States Of the present standard of val
ue with interest thereon in like gold
coin at the rate OF six per cent (6To)
per annum, payable semi-annuaily,
each 0. said bonds to be a direct gen.
eral Obligation Of the city of Toledo,
Oregon, said bonds to be dated at q
convenient time to be fixed by the
council naturity or maturites to be
likewise fixed by the council, but not
to exceed twenty-five (25) years from
date. and the principal and interest
OF said bonds shall TO made payable
at the fiscal agency Of the state of
Oregon in New York CITY, which
safd bonds she'll be known ar "City
OF Toledo Waterworts Betterment
Bonds"
% The debt limitations contain
ed in the charter Of said city shall
not apply to the bonds hereby auth
orizad.
(c) The council shall e2ch year at
the time Of making the annual tax
levy for city purposes, incluce in
such levy a sum sufficient to pay in
terest on the outstanding bonds OF
this iFsue, and t. retire the princtpa.
thereof at maturity.
i iolved further, that this resolu-
tion for proposed charter amend.
ments submitted to Me voters by the
conrcil be filed with the recorder OF
the ~ of Toledo for submission to
the legal voters OF said city for their
adnDtion Or rejection. to be, voted
uron nj a special election to be held
as herein provided ..
Pesoved further that the council
Of the city OF Toledo deem it advis-
abb md does hereby and herein ca.l
a srrcial election to he held on the
9th day of May, 1922, at tie city
hal in said city between the legal
yctirr hours on said date and at seit
tiro- nd place for holding said spec
ia ra ton. and the following named
persons be md they are designated
as and for the judges and clerks Of
said snecial election, tp-wft: Ifr
De~,'ck and Ethel o Ross. judges;
AL 1T Waugh, Edna Andrews and