Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1922-04-28
NOTICE OF SPECIAL ELECTION.

Notice is hereby given tha. a spec.
ial election viii, be held in the CITY |
of Toledo en- the 9th day of May, 1922. !
between the legal voting hours on
said date as in the following resoiu-
tion provided:
Thereupon the following resolution
was duly offered, seconded and unan-
inously adopted:
RESOLUTION.
Be it resolved by the ccunci! Of the
city of Toledo, Lincoln county, Ore
gon, that the following proposed am
endments 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-
ton at special election to be held
On the 9th day Of May, 1922, as here
in provided, to-wit:
Charter Amendments Submitted to
the Voters by the City Council.
An act to amend an act entitled
"An act to incorporate the City O.
Toledo, Lincoln county, Oregon"
filed in the oifice Of the Secretary
of State February 1S, 1905, as subse.
Quently amended BY certain propos.
ed charter amendments submitted to
and adopted by the lega. voters of
said city at a special city election
held therGin 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 a special city election held
therein on June "a, 1919, and as sub
sequently amended by certain rro-
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 It enacted by the people Of the
city of Toledo that an act entitled
"An act to incorporate the city Of
Toledo, Lincoln County, Oregon, fill.
ed in the office Of the secretary Of
state February IS, 1905, as subse.
Quently amended by certain propos-
ed charter amendments submitted
to ard adopted by the legal voter
vi bt.lu Ally dl q bpINle-l Wy piVN-i
held therein on August 13, 1917, and
as ame7l led by certain proposed
charter amendments submitted to
and adopted by the lega. voters Of
said city at a special city election
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 act adopted by
the legislative assembly or by vote
OF the people" be and the same here
by Is amended by adding thereto Sec
ton so to read as follows:
Section so (a) For the purpose OF
procuring the necessary funds 10
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 a sun
not to exceed twenty-five Thousand
five hundred dollars ($22,50O), said
bonds to be in denominations of five
hundred dollars (s500) or one thou
sand dollars $4,000 each duly signed
by the Mayor and countersigned by
the Recorder, whereby the city Of To
ledo she'll be held in substance ano
effect to undertake and promise tc
pay the bearer of each OF said bandf
at maturity thereof the sum named
therein in god 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 (6Te)
per annum, payat.e semi-annuaIiy
each of said bonds to BE direct ger
eral obligation Of the city OF Toledo
Oregon, said bonds to be dated at a
convenient time to be fixed by the
council, maturity or maturities 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
said bonds she'll be known ac city
Of Toledo WaterworHs Betterment
Bonds"
(b) The debt limitations contain
ed in the charter or said CITY snall
not apply to the bonds hereby auth
orized.
(c) The council shall each year at
the time Of making the annual tax
levy for city purposes, incluce in
such levy q sum sufficient to pay IN
terest on the outstanding bonds OF
this issue, and to retire the principa,
thereof at maturity
Resolved further, that this resolu'
tion for proposed charter amend
ments submitted to the voters by the
council be filed with the recorder OF
the city Of Toledo for submission to
the legal voters Of said city for their
adoption or rejection, to beI voted
upon at a special election to be held
as herein provided.
Resolved further, that the council
of the city OF Toledo deem it advis-
able and does hereby and herein ca'l
a special election to be held on the
9Th day of May, 1922, at the city
hall in said city between the legal
voting hours on said date and at said
time and place for holding said spec.
ial election, and the following named
persons be and they are designated
as and for the judges and clerks of
said special election, tp-wft: ldh
Derrick and Ethel o Ross, judges;
Albert Waugh, Edna Andrews and