Imperial Valley press., 1924-04-07

be paid semi-annually at the SAM
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'
cd 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
4 bonds shall be issued 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 he numbered consecu'
lively and signed by the Treasurer.
SECTIONVI. 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 a
sum in the Treasury of said city set
apart for that purpose to meet all
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.s
| the date of the issuance of such
bonds such tax shall be levied and
collected at the time and in the
manner aforesaid, annually each
year, sufficient to pay the interest
! on such Indebtedness as it falls due
| and also to constitute sinking
| fund for the payment of the prin-
cipal thereof ON or before maturity
/ Said tax shall be- in addition 10 all
ether taxes levied for municipal
! purposes, and shall be collected ut
the same time and in the same man
! ner as other municipal taxes are col
! lected, and be used for no other
! purpose than the payment of said
| bonds and accruing interest.
SECTION VII. The proposed in
debtedness of Two Hundred Thous
and, ($200,0 0,000.o0) Dollars, includ
ing all other indebtedness already
incurred by said City for municipal
improvements, will not in the ag
gregate exceed fifteen per cent
| (15%) of~the assessed value of al
real and personal property of the
said city of Ell Centre.
:, SECTION VII. That for tbt
purpose of such election the election
precinct, polling place, and officer:
of election Hereinafter provided
\ for) shall be the same as those sci
forth in Resolution No. 275, EMIT
led:
ga resolution of the Board o.
Trustees of the City of FL Centre
establishing the voting precinct an(
polling place and appointing elec
ton officers for the municipal elec
ton to be held in said City on thu
14th day of April, 1924" adopted
bnrnfnfnrn hn 1nt
of March, 1924, by said Board.
The polls of said election. (as pro
vided by ordinance calling the gen
eral municipal election to be helt
at the same time) shall be opened
at 6 clock a. m. of the day OF
said election and shall be kept oper
until 6 O'Clock p. m. of the same
day, when the polls shall be closed
provided, however, that if at tn,
hour of closing there are any Other
voters at the polling place or il
!. line at the door who are qualified
to vote and have not been able tc
do so since appearing the poll
shall be kept open sufficient tins
to allow them to vote. But no ont
who shall arrive at the polls aftc
/, 6 o'clock in the afternoon shall b.
entitled to vote although the poll
may be open when he arrives.
SECTION TX. The ballots to b.
used at said election shall be print
ed in the manner and form pres
, cribed by law and upon said ballot
, the said proposition of incurrin,
said bonded debt shall be printe,
! in the following form: