Imperial Valley press., 1924-04-09

twentieth part OF the prlnclpal OF
said bonds shall be paid each and
every year Mt the office of the City
Treasurer of the City of El Centre
ut said City in the County of I'm
perial, State of California, on q day
and date to be hereafter fixed in
said bonds until the whole prinei-
pal has been paid. The earliest
maturity of the Indebtedness Great
ed by the issue of the bonds may be
made to begin more than one and
not more than ten years after the
date of the issuance of said bonds;
that the interest on said bonds shall
be paid semi-annually at the same
place, one of such semi-annual pay
ments in each year being made at
the date of the payment of the an
nual installment of the principal of
such Indebtedness as aforesaid; !;
said Indebtedness shall be evidenc-
ed by bonds and proper coupons at
tached thereto, separate coupons be-
| ing attached to each bond for each
semi-annual payment of interest to
become due on said bonds and such
! bonds shall be is3ued in such demo
limitations or denomination as the
Board of Trustees of said City shall
determine, in accordance with the
law; said bonds shall be signed by
| the President of the Board of Trus-
tees of said City and also by the
Treasurer of said City and shall be
countersigned by the City Clerk of
said City. The coupons of said
bonds shall be numbered consecu-
t1vely and signed by the Treasurer.
SECTION VI. That for the pur-
pose of paying the principal and
interest of said bonds the Board of
Trustees of said City shall at the
time of fixing the general tax levy
and in the manner for such general
! tax levy provided levy and collect
annually each year until said bonds
are paid or until there shall be q
sum in the Treasury of said city SET
apart for that purpose to meet al
| sums coming due for principal and
/ interest on such bonds, tax suffi
cient to pay the annual interest on
such bonds, and also such part OF
the principal thereof as shall be
come due before the time for fix
ing the next general tax levy; pro
vided, however, that if the ma
turity of the Indebtedness created
by the issue of the bonds be made
to begin more than one year aft.
the date Of the issuance of sucl
bonds such tax shall be levied ant
collected at the time and in TIL
manner aforesaid, annually eacl
year, sufficient to pay the interes
on such Indebtedness as it falls du
and also to constitute sinkin!
fund for the payment of the prin
cipal thereof on or before maturity
Said tax shall be in addition 20 al
, ether taxes levied for municipa
purposes, and shall be collected a
the same time and in the same man
ner as other municipal taxes are col
: lected, and be used for no othe
, purpose than the payment of sal
bonds and accruing interest.
SECTION VII. The proposed in
debtedness of Two Hundred Thous
and ($200,000.00) Dollars, inclut
9 ing all other Indebtedness alread
incurred by said City for municipa
: improvements, will not in the as
. gregate exceed fifteen per Ger
: (15%) of the assessed value of a
o real and personal property of tn
o.. said city of Ell Centro.
SECTION VIII. That for tn
r purpose of such election the electio
n precinct, polling place, and officer
I of election Hereinafter provide
\ for) shall be the same as those sc
: forth in Resolution No. 275, enti
! led:
: GA resolution of the Board c
+. Trustees of the City of FL Centr
: establishing the voting precinct an
2 polling place and appointing ele
n tion officers for the municipal ele,
Y tion to be held in said City on til
: 14th day of April, 1924" adopte
f heretofore, to-wit, on the 18th da
s of March, 1924, by said Board.
e The polls of said election Gas pr,
/ vided by ordinance calling the gel
: eral municipal election to be hel
at the same time) shall be opene
at 6 O'Clock a. m. of the day {
o said election and shall be kept ope
} until O'Clock p. m. of the san
e day, when the polls shall be closed
: provided, however, that if at IL
e hour of closing there are any otht
e voters at the polling place or
e line at the door who are qualifie
d to vote and have not been able |
d do SO since appearing the pol
It shall be kept open a sufficient tin
IS to allow them to vote. But no OF
1, who shall arrive at the polls aft
e 6 o o'clock in the afternoon shall |
e entitled to vote although the pol
5. may be open when he arrives.
Il SECTION TX. The ballots to |
f used at said election shall be prin
y ed in the manner and form pre-
e cribed by law and upon said ballo
e the said proposition of ineurriI
d said bonded debt shall be print,
II in the following form: