Imperial Valley press., 1925-04-10
Legal Advertisement

ident Of the Board of Trustees an |
the Treasurer Of said CITY be. an
they are hereby authorized and al
rected to sign said bonds, ANA thI
City Clerk of said City is herehI
authorized and directed To rounte
sign the same and to attach th|
seal Of said City thereto. and thI
Treasurer of said City ia herebl
authorized and directed upon the sa
Of said bonds to deliver said bond
and coupons to the purchaser
purchasers thereof upon payment II
him of the amount Of the purehas|
price thereof and accrued interes
SECTION XIV. That for the pu |
pose of paying the principal and th'
interest on each and every one
said bonds by this ordinance al
rectcl to be issued the Board
Trustees of the City of III Centrl
shall at the time Of fixaug the gel
eral tax levy and in th1 manner I'd
such general tax levy provided, n
w and collect annually each yes
until said bonds are paid or unit
there shall be Il sum is the TreasurI
Of said City set apart for that pu
pose, to meet all sums coming al
j for the principal and interest
such bonds, a tax sufficient to pa
the annual interest on such bondI
and also such part of the princip
/ thereof as shall become due befo
the time for fixing the next ganer
j tax levy. Said taxes shah be
/ addition to all other taxes levil
for municipal purposes and shall
i collected at the same time and
/ the sama manner as other municiu
j taxes are collected, and be US
for no other purpose than the pa
ment of said bonds and aeeruing
/ terost. Said Board of Truste
hereby makes provision for the lie
and collection of all sums that sl:
or may be necessary to pay in fl
the interest and principal of sa
! bonded indebtedness as the sai
shall fail due, and hereby contrac
represents, and promises that su
I levy shall be made as aforesaid, a
50 far as it har the power to ma
such levy it ercby makes
same.
! SECTION Ky. That there Sd
be and are hereby created four 81
arate funds to be designated rcspe
lively rs, Municipal Main Stre
! Pavement Bond Fund of 1925. M
! icipai Fourth Street Pavement Bol
Fund of 1925, Municipal Len ID
! Avenue Pavement Bond Fund
1925. and Municipal Sandalwo|
Drive Pavement Bond Fund of 19
TO be carried in such respeeti
names upon the books of said iCit
that the proceeds of the levy Lbc
mentioned shall be paid into S;
funds respectively as soon as d
same are collected, and shall
main in said respective funds u11
required for the respective demaly
Of the principal and interest to
| paid upon said bonds. That wI
the respective payments of pril
pal and interest shall fall due,
Treasurer of said City is herd
authorized and directed and ec
! manded to pay out of the MOI
/ in said respective funds said
! peetivc amounts of principal
! interest of said bonds as the sa
i shall fall due when demand 81
be made therefor as provided
law, and, upon the surrender
said bonds and coupons to S
Treasurer, to cancel said bonds
coupons immediately after such
render and payment.
1t is further ordained, promi
and agreed that none of s.
money paid into said resi-
tive funds shall be used for
other purpose than the paym
of the principal and interest
said bonds respectively, as in
ordinance specified, until the wi
amount thereof shall have b
pail.
/ SECTION NVT. That this or,
ancc shall be in force and eff
from and after thirty days al
its passage, adoption, and appr
al and the publication thereof
required by law.
! SECTION XVII. The City CT
shall certify to the passage, ad
tion, and approval of this orr
ance and cause the Same to be =
liShcd once in the Imperial Va
: Press, newspaper of general
culation printed and published
said City.
Passed and adopted this Sth
of April, 1928.
/ GEO. W. ANDERSON,
President of the Board of Trus
of the City of FL Centre, Califor
Attest:
JAMES A SCHOFIELD,
city Clerk Of the City of i'll {
tro, California.
(ScaD
l hereby approve the foregC
ordinance No. 2S9 this Sth day
April, 1925,
GEO. w. ANDERSON
+ A'oiNtHN VI hIt bOdlu ol lFus
I of the City of I'll Centre, Califop
state Of CaIifornia,)
County of Imperial, } IS
City Of I'll CCutro. }
l, James A. Schofield, City c
of the City of Ell Ccutro, Califog
do hereby certify that tho "
number of members of the Board
Trustees of said City is five;
the foregoing Ordinance No.
was passed ana adopted by a
Of tWothirds Of all tho monl
uf sand Board Of Trustees at IN
jouuod regular meeting thereof
ON tho Nth day of April 1926,