The Winslow mail., 1922-09-01
ORDINANCE NO. 1O9.


ORDINANCE NO. 1oe
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF BONDS OF
THE TOWN OF WINSLOW, IN
THE AGGREGATE SUM OF
EIGHT THOUSAND (sS,OOO) DOL
LARS, THE PROCEEDS THERE
OF TO BE USED FOR THE PUR-
POSE OF BUILDING AND CON
STRUGGLING A CITY HALL. IN
CLUDING A JAIL AND GARAGE
ON LOT SEVEN (O BLOCK
EIGHT (8) OF THE TOWN OF
WINSLOW, NOW OWNED BY
SAID TOWN AND THE CALLING
OF A SPECIAL ELECTION OF
THE PROPERTY TAX PAYERS
OF THE TOWN OF WINSIDW,
WHO SHALL IN ALL OTHER
RESPECTS BE QUALIFIED Ell
ECTORS IN SAID TOWN, FOR
THE PURPOSE OF DETERMINE
ING WHETHER SUCH INDEBT-
EDNESS SHALL BE AUTHOR
lied.
BE IT ORDAINED BY THE MAY
OR AND COMMON COUNCIL OF
THE TOWN OF WINSLOW:
Sec. l. That the public interest
demands the builGing and construc-
ton of City Hall including a Jail
and garage, and furniture and equip
ment for same, on lot seven Cd
block eight 81 of the Town of
Winslow, now owned by said Town
of Winslow: that to provide funds
said City Hall it is necessary that
an issuance of bonds of the Town
of Winslow, in the aggregate
amount of Eight Thousand (SS,000)
Dollars, be made, with the assent of
majority of said property tax
payei of said Town, who are in all
other respects qualified electors of
said Town as by law provided.
Sec. 2. That with the assent of
said property taxpayers as herein
after provided, bonds of the Town
of Winslow shall be issued in the
aggregate amount of Eight Thous-
and ($S,OOO) Dollars, and the pro-
ceeds of the sale thereof shall be
used for the purpose of building
and constructing said City Hall. to
be owned by said Town, on Lot
Seven CO, Block Eight (S) of the
Town of Winslow: that said bonds
shall bear the date of their issu-
ance and be due and payable ten
10) years after date: they shall be
in denominations of One Thousand
($1000) Dollars each, and shall bear
interest at the rate of six per cent
per annum, payable semi annually
on the first days of July and Jan
uary respectively of each year: said
bonds shall be numbered consecu-
lively from one to eight inclusive,
and shall be signed and attested by
the Mayor and Town Clerk; said
bonds shall be payable to bearer
and coupons for the ir<erest shall
be attached to each of said bonds
so that the same may be removed
bonds, and each of said coupons
shall bear a facsimile of the sigma
lures of the Mayor and Town Clerk
as said signatures appear on said
bonds.
Sec. 8. That the interest falling
due on said bonds in the year 1923
shall be and same is hereby order
ed to be appropriated out of the
general fund tax levied by said
Town in the year 1922: and for the
purpose of reimbursing said general
fund for the amount so taken from
it, and of providing sufficient funds
to meet the interest falling due on
said bonds, subsequently, to the year
1928, promptly when and as the
same accrues, and also of creating
and maintaining a sinking fund fol
the discharge of the principal
of said bonds at the date of
their maturity, there shall be
and there is hereby levied upon all
taxable property in said Town of
Winslow, in addition to all other
taxes, the following annual tax, to-
wit:
For the year 1923 tax sufficient
to produce the sum of Thirteen
Hundred Eighty Dollars, same being
Four Hundred Eighty Dollars for
the interest and Nine Hundred Dol
lars for principal; for each of the
years 1922 to 1882, both inclusive,
a tax sufficient to prodnce the sum
CT Twelve HIndred Eighty Dollars
same being Four Hundred Eighty
Dollars for interest and Nine Hun
dred Dollars for principal.
Said annual tax shall, in each of |
said years, be extended on the tax |
rolls, and collected by the same Of
f1cers, in the same manner and at |
the same time as the taxes for gen
eral town purposes for said town in
that year are extended and collect |
ed; and all funds therefrom shall be |
placed in seperate fund to be de-
signated City Hall Bonds of 1922
Fund which shall be irreyOcably |