Imperial Valley press., 1924-04-10

twentieth part of the principal of
said bonds. shall be paid each and
I every year at the office Of the City
+, Treasurer of the City of FL Centre
at said City in the County of I'm
4 perial, State of California, on q day
and date to be hereafter fixed in
said bonds until the whole princi-
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 semilannual pay
ments in each year being made at
the date of the payment of the am
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-
tlvely 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 a
sum III the Treasury of said city set
apart for that purpose to meet all
sums coming due for principal and
E 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
, by the issue of the bonds be made
to begin more than one year afte !
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
y and also to constitute sinking
! fund for the payment of the prin
, cipal thereof on or before maturity
T Said tax shall be in addition TO al,
y ether taxes levied for municipal
r purposes, and shall be collected al
: the same time and in the same man
! ner as other municipal taxes are col
f lected, and be used for no othel
n purpose than the payment of said
= bonds and accruing interest.
t SECTION VII. The proposed in
: debtedness of Two Hundred Thous
and $500, 0,0o0.00) Dollars, includ
9 ing all other indebtedness already
|, incurred by said City for municipa
= improvements, will not in the ag
e gregate exceed fifteen per cen
l. (15%) of the assessed value of al
o real and personal property Of The
o said city of Ell Centre.
SECTION VII. That for th,
r purpose of such election the election
n precinct, polling place, and Officers
d of election Hereinafter provided
n for) shall be the same as those Sc
: forth in Resolution No. 275, EMIT
! led:
: ga resolution Of the Board O.
J, Trustees of the City of Ell Ceatr,
: establishing the voting precinct ant
g polling place and appointing elec
n tion officers for the municipal elec
Y tion to be held in said City on thu
:, 14th day of April, 1924" adopted
f heretofore, to-wit, on the 18th day
S of March, 1924, by said Board.
e The polls of said election Gas pro
l. vided by ordinance calling the gen
I eral municipal election to be helt
{; at the same time) shall be opened
d at o'clock a. IN. of the day O.
o said election and shall be kept opel
until O'Clock p. m. of the sam,
e day, when the polls shall be closed
: provided, however, that if at tn
e hour of closing there are any othe
G voters at the polling place or il
e line at the door who are qualifie,
d to vote and have not been able f.
d do so since appearing the poll
It shall be kept open sufficient tim
S to allow them to vote. But no on
l, who shall arrive at the polls afte
e G O'Clock in the afternoon shall b
e entitled to vote although the poll
5. may be open when he arrives.
Il SECTION TX. The ballots to b
f used at said election shall be print
y ed in the manner and form pres
c cribed by law and upon said ballot
c the said proposition of incurrin,
d said bonded debt shall be printe,
r in the following form: