The Ordway new era., 1922-05-05

(Fac-simile signature)
-----------------
Treasurer.
Section 4. That said bonds, when
executed shall be delivered to the
purchaser thereof. and said bonds and
the funds raised thereby shall be ap-
piled solely and exclusively for the
purpose aforesaid, the erection of a
public building. to-wit, a town hall
within and for said town. and for no
other purpose whatsoever. but the
purchaser of said bonds shall in no
manner be responsible for the appli-
cation or disposal by said town or any
OF its officers of any of the funds de-
rived from the sale thereof.
Section S. That the interest fall
ing due on said bonds on November l .
1922. shall be paid out of the general
revenue fund OF the town. and for
the purpose of reimbursing said gem
eral revenue fund for said installment
of interest and to meet the interest
accruing on said bonds after Novem-
ber 1, 1922. and for the purpose of
raising sinking fund for the ulti-
mate redemption of said bonds. there
shall be levied on all of the taxable
property in said town. in addition to
all other taxes, direct annual taxes, as
follows:
In the year 1922, tax suf-
fcIent to produce the sum OF
$500. being 5000 for interest
and $1,000 for principal.
In each of the years 1928 to
1890, both inclusive. tax suf-
ficient to produce the sum of
$1,000, being $500 for interest
and 900 for principal.
In the year 1881. tax suf-
flcient to produce the sum of
$1,000, being $500 for interest
and 81 900 for principal.
Said taxes when collected shall be
applied solely to the purpose of the
payment of the said interest and the
principal of said bonds, respectively,
and for no other purpose whatever
until Indebtedness so contracted. un-
der this ordinance. both principal ana
interest, shall have been fully paid,
satisfied and discharged. hut nothing
herein contained shall be so construed
as to prevent said town from applying
any other funds that may be in the
town treasury and available for that
purpose to the payment of said inter-
est or principal. as the same respect
lively mature. and the levy or levies
herein provided for may thereupon 10
that extent he diminished. and upon
the payment of the principal OF any OF
the bonds issued hereunder in said
manner, or by the use of the sinking
fund herein provided for. the levy or
leyIes herein provided for the pay
ment of interest may to the extent OF
the interest on the bonds so paid pe
diminished,
And the sums hereinhefore proVia-
ed for to meet the interest on saia
bonds and to discharge the principai
thereof when due. are hereby approp-
rIated for that purpose ana saiu
amount for each year shall also be IN
cluded In the annual appropriatlon
bills passed by the hoard OF trustees
of said town In each year respectively
Section 6. 1t shall be the duty OF
the board of trustees Of said town
annually, at the time and in the man
.ner provided by law for. leyying other
town taxes. If such action shall pe
necessary to effectuate the provisions
Of this ordinance, to ratify and carry
out the provisiQps hereof with refer
ence TO the levying and collection Of
taxes; ana shall require the officers o.
and for said town to levy. extend ano
collect such taHes IN the manner pro
vided by law for the purpose OF ere
ating fund for the payment OF 'pe
principal Of said hends, and tnteres'
|thsrson. end such taxes. when col,
| lsotud, sh4il - kept for and applieso
only 70 ths payment Of the infsree'
: -