The Athena press. [volume] (Athena, Umatilla County, Or.) 18??-1942, 1922-10-27

and advantageous by the City Coun-
ell. the purchaser shall not be re.
ouired to see to the application OF
the proceeds.
Section 6. No bonds issued under
the provisions of this charter shall
be sold or exchanged at less than
their par value, and all moneys de-
rived from the sale of such bonds
shall be Immediately deposited in a
special fund and shall not be ex-
pended for any other purpose than
that for which such bonds were auth.
orized and issued. !,
Section 7. There shall be levied
each year tax upon the taxable pro-
perty within the City sufficient to
paw the interest on bonds outstand-
ing, as the same accrues, and the
principal of said bonds from time to
time, at the maturity thereof, which
taxes shall become due and collect oil
An act to make charter provision
for the issuance Of bonds of the City
of Athena by refunding outstanding
indebtedness and to amend an act of
the legislature of the State of Ore
gon. filed with the Secretary of State
January 27, 1905, by adding thereto
Article XII for the issuance OF bonds
and validating indebtedness and pro,
viding for tax levy. to pay principal
and interest thereon.
Nos. 412-413
ARTICLE XII
FUNDING BONDS FOR THE
PURPOSE OF PROVIDING FUNDS
WITH WHICH TO REDEEM THE
PRESENT OUTSTANDING IN
DEBTEDNESS OF THE CITY.
Section /. The City Council is here
by authorized and empowered to IS
sue and negotiate general obligation
coupon bonds of the said City in the
principal sum of Twenty Thousand
($2O. .OO0.0O) Dollars, said bonds to be
of such denomination and to bear
such date and rate of interest and to
run for such length of time as may
be determined by the City Council.
Said bonds, when issued, both as to
principal and interest, shall be ex-
empt from all taxation and shall be
a valid binding and subsisting gen.
eral obligation of the said City, ana
neither the said bonds nor the indebt-
edness funded thereby shall ever be
open to contest by the City or any
of it's officers, or by any. person, cor
poration or association for or on lts
or their behalf, for any reason what
soever.
Section 2. The said bonds to be
issued are for the payment OF indebts
edness heretofore incurred as follows: |:
Upon a Judgment in damage SUIT
against the City of Athena; for addi-
ton to the lighting plant of the City,
accrued salary; general expenses;
for municipal water system, and other
incidental expenses of the said CIty
heretofore incurred, and the said in
debtedness for each of said purposes
for which moneys have been actually
expended is hereby ratified and con-
firmed as legal. binding obligation
of the City of Athena.
An act to make charter provision
governing claims against the City OF
Athena, and to amend an act OF the
legislature of the State of Oregon,
filed with the Secretary of State
January 81. 1905, by adding thereto
Article XIII.
Nos. 414-415
ARTICLE XIII.
CLAIMS AGAINST THE CITY
Section /. All claims or demands
against the City of Athena shall be
presented to and audited by the
Council in accordance with such re-
gulations as they may by ordinance
prescribe, and upon the allowance OF
such claims or demands, the Recor-
der shall draw warrant upon the
Treasurer for the amount allowed,
which said warrant shall be counter
signed bv the May,r and shall spec
ify the purpose for which the same IS
drawn.
Section 2. No claim against the
City shall be paid until it is audited
and allowed by the Council. and then
only by warrant drawn on the Treas
urer by the Recorder, countersigned
by the Mayor.
The said time and place is the time
and place of the general election of
the State of Oregon on said date and
the said measures will be submitted
at the said general election.
Witness the hands of the Recorder
and Mayor of the City of Athena, to-
gether with the Seal of said City, on
the 23rd day of October, 1922.
B. B. RICHARDS. Recorder.
II: A. BARRETT, Mayor.
IT e. =