Imperial Valley press., 1925-03-23
Legal advertisement

Book 2, pages 9, 21, 26 and 81, and
in Map Book 8, pages 20 and so,
records of Imperial County, Cali
fornia) extending from the south
property line of said Orange Avenue
to the south boundary line of said
City; that the estimated cost of
said municipal improvement is Eigh-
teen Thousand Dollars ($18, 8,O00.0O)
and said cost is, and will be TOO
great to be paid out of the ordina-
ry annual income and revenue of
said City; that the amount of the
principal of the indebtedness to be
incurred therefor is Eighteen thou
sand dollars ($18, 8,00O.00), and that
the maximum rate Of interest to be
paid on said Indebtedness is six per
ccntum (6%o) per annum, payable
semiannually, which rate shall not
be exceeded in the issuance of the
bonds for such indebtedness;
SECTION V. That the objects and
purposes for which the said indebt-
edness in the third proposition here
inabove mentioned is proposed to
be incurred are the following, to-
wit: The acquisition, construction
and completion by said City Of Ell
Centre of certain municipal i'm
provement, namely certain street
work, to-wit, pavement of the road
way of that portion of Lcnrey Ave
nue. in said City (shown by maps
recorded In Book 3 of maps at pages
l and 6, records of Imperial County,
California; extending from the
west curb line of Fifth Street to the
east curb line of Sixth Street; that
the estimated cost of said municipal
improvement is -Four thousand five
hundred dollars ($4 4,500.0O), and said
cost is, and will be too great to
be paid out of the ordinary annual
income and revenue Of said City;
that the amount of the principal
of the Indebtedness to be incurred,
therefor, is -Four thousand five
hundred dollars ($4,500.OO), and
that the maximum rate of interest
to be paid on said Indebtedness is
six per centum (6%) per annum,
payable semi-annually, which rate
shall not be exceeded in the is
suance of the bonds for such in
debtedness;
SECTION VI. That the objects
and purposes for which the said in
debtedness in the fourth PROPOSE
tion hereinabove mentioned is pro-
posed to be incurred, are the fol-
lowing, to wit: The acquisition,
construction and completion by said
City of Ell Centro of a certain mum
icipal Improvement, namely certain
street work, to wit, pavement of the
roadway of that portion of San
dalwood Drive in said City (shown
by map recorded in Book 3 of maps
at page so, records of Imperial
County, California; extending from
the west curb line of Fourth Street
to the east curb line of Fifth Street !;
that the estimated cost of said
municipal improvement is Three
thousand five hundred dollars ($3,-
500.00) and said cost is, and will
be too great to be paid out of the
ordinary annual income and revenue
of said City; that the amount of
the principal of the indebtedness
to be incurred therefor, is Three
thousand five hundred dollars ($3,-
500.00), and that the maximum rate
of interest to be paid on said in
deOtedness is six per centum (6Tc)
per annum, payable semi-annuallv,
which rate shall not be exceeded in
the issuance of the bonds for such
Indebtedness;
SECTION VII. That a special
! election shall be held in said City
of Ell Centro on Tuesday, the oath
day of March, 1925 as aforesaid,
and is hereby called on that day
for the purpose of submitting to
the qualified voters of said City,
separately, each of said respective
propositions hereinbefore mention
ed, towit:
l. The proposition of incurring
bonded debt by said City of Ell
Centro in the sum of Sixteen thou
sand dollars ($16,OoOOO) principal,
and from the sale of such bonds to
pay the cost of acquiring, construct
ing and completing certain muni-
cipal Improvement, namely, certain
street work, towit, pavement of the
roadway of that portion of Main
Street in said City (shown by maps
recorded in Book 3 of maps, at
pages 3S, 40 and 53, records of I'M
perial County, California; extend
ing from the west property line of
Ninth Street to the center line of
Imperial Avenue.
2. The proposition of mourning a
bonded debt by said City of Ell Cen
tro in the sum of Eighteen thou
sand dollars S,00000) principal,
and from the sale of such bonds to
pay the cost of acquiring, construt-
ing and completing a certain NUM-
cipal improvement, namely, certain
street work, towit, pavement of the
] entire roadway of that portion of
! Fourth Street in said City (shown
by map recorded in Map Book l,
page 10, records of Imperial Coun-
ty, California; extending from the
south property line of State Street
to the South property line of Or
ange Avenue, and of the central
twenty-four feet of the roadway of
that portion of said Fourth Street
in said City (showu by maps re-
corded in Map Book l, pages 5, %
and 27, and in Map Book >, pages
0, 81, 20 and 60, and in Map Book
3, pages 20 and so, records of I'm
perial County, California; extend
ing from the south property line
of said Orange Avenue to the south
boundary line of said CITY.