Imperial Valley press., 1925-03-20
LegGL advertisement

tlme OF fixing the general tax levy.
ana IN the manner for such general
tax levy provided, levy and collect
annually each year, until said bonds
arc paid, or until there shall be 4
sum III the Treasury of said City SGT
apart for that purpose to meet 'all
sums coming due for principal and
interest on such bonds, a tax suf,
ficicnt to pay the annual interest
on such bonds. and also such part
OF the principal thereof as shall
become due before the time for fix,
ing the next general tax levy. Said
tax shall he in addition t. all 9th
er taxes levied for municip1l pur-
poses and shall be collected at the
samH time and in the same manner
as other municipal taxes are collect
ed, and he used for no other pur-
pose than the payment Of said
bonds ana accruiug interest.
SECTION NH. That if the pro
position of mourning the bonded in
tehtedneSs provided for in the third
proposition hcreinabove mentioned,
50 submitted ut such election. re
celves the requisite number of votes,
to-"lt, two-thirds of the votes Of
The qualified voters voting at such
election, bonds of said CITY in the
amount of -Four Thousand five hun.
drcd Dollars (44.50o.O0) shall be is
sued and sold for the purpose Of nc.
quiung, constructing and COMPLETING
said municipal Improvement men.
toned IN said third vrouosition. Said
bonds shall bear interest at rate
not exceeding six per ccntum (6c,1
per annum. payable semi annually
and the principal and interest there
OF shall be pavablc in lawfal money
OF the United States Of America.
One-tenth part of the priucipaI oe
said bonds shall ha paid each wear
ut the office of the CITY Trplsuror
Of the CITY of FL Centro. in said
city, IN the County of Impcrial.
state OF California, on date to he
hereafter fixed in said bonds. until
the whole principal haS been paid:
hat the inctrest on said bonds shall
h' pmd semi-annuallv ~ thc same
place. one of such semi annual pay
mcatS in each yc4r Icing made n
the date &c the pIvmeut Of Tie an
nU1l mSt2ljmout Of the pripcirql of
such indebtedness as afornsail: Nai1
Indebtedness shall be ryilprcrd hv
bonds aad proper coupons attached
thereto, separate coupons being ~
iached TO carh bond for each semi
annual rarweut of interest to be-
conc d#r on sid bonds and ~urA
bonds shall le issued in sarL demo
"1nations or .trou iua son n, TIE
E2ard 81 Trustees Of sid c. ~Eal
dotrrn.lu" In 1ceordanra with Inv.
}ait bonds ~h1ll be signed b. tlre
president ot the Hoar1 of Trustees
Of said C'tr, and also IL the T-nas
rrar OF sa.j city. aud s'a'l b.
eo9nfer~igaal - the= cay C,erf ar
SAID Hitr. Tie c#gra"s of saf1
bonds shl4 lo rpuharad cap4acp-
tivaIv mil ,iTual by tie Tre7sa-er.
SECTION Ny Taat far tle
nurp"s" Of paving ~ r'ac'Ha' ap3
intc~e-t oe s9il looas 81. Ra.r1 or
Trustees Of said CITY glaH a- the
t!"rr Of f,E'ry tle rus-s' t.- la....
an' IN tae ma00er 's~ such gr.araf
''-- 81 I'.t'f. 'Iff.I lIs..'
annually each r..r. until ,I'I h4ads
arc raid. Or until .I"~r s'olj he p
sum IN I'll" treasury of 7ai1 CITY, So
apart for that purposr. - rr,ot ai'
SUMS coming Gro ror ,.-irr'ral arI
i0tn~est On eHci bonds. tFv 9rf
tr'"H' ~ usv tha annlaf ;a'-~r~'
"7 srr' h."fs, .', a'-Y ,vr, --~. af
fin priBni01 frrr7F a- ehr' -.
como due h"fe~e t'e t'wo ro- f-viv-
tie H"V' "auo~a' '.~ 'r-~. Ssil .rv
e'H'' 30 f. addition to ru o'lo~
.'Toe lo"'o1 fr- wuui.iu71 uu~-o.as
0"l shall hn collected at fbc ~1,-o
ti"o and in the s7me m,oocr as
other munioip1i taxes aro collected.
"nd 10 used for 10 otAer PURPOSE
than tho rovnno' Of saii boals and
9c"ruirr interest.
SUCTION ". wra, - t.o oro-
Nosi'i0H If ircurt;rv ~ Aoutcl ip.
1rhfoduoss rr9vii"1 Cor IN fine
fourth proposition lorcrpAovo mon.
'iorol 50 s1h~itt"t - svch c'or.
tior. rccniTrS thc rrruisi+c ruuAer
of vo'os. to.wit. ''rothirGs of tho
votes Of trc Qualified voters vot-
W" at surh clcrtiop. hords Of sail
'Itv IN the "mouot of Th~oc thou.
so'd five hundred Dollars (sG 500 0O)
7h1ll ho iS7uo1 and sold for thc pur.
nose of acquiring. constructing and
oomulctirr Said uunirira1 improvo-
mont mentioned in said fourth rro-
rositiou. said bonds shall hc1r in
fcrost at rofn not exceeding six
nor ccntum (G',t per aunnp, pay
able semi annually aud the prin-
cip1l md interest thereof shall H."
uovablc in lawful money Of the
United Strtcs Of Amcri"G. Opo.
tenth pnrt of the rrincip1l &C srid
bonds ehali be poid co"h wear Ht
The office of tho Citr Troavurcr Of
the Cit of El Ccntro. in coid C'ty
IN tho County Of Imperial. S'nto or
Californja on date 10 be herc9f.
ter fixed IN said bonds, until thc
wbolo urjnciral has iccn pqid; t11t
tho interest on s7id bonds shall hc
raid scmi.aunua'lr az the same
place. one Of such scu' annual nay.
mcnts in carh vc7r being made At
the date Of the payment Of tho an.
nual installmont of tho uriucipal Of
such indebtedness MS afOrosaid; sajd
indebtedness shall be evidenced bv
bonds and pror"r coupons attached
thereto, scparatn coupons hoing af-
tgchcd 10 each bond for each scmi-
annual payment of interest to be
come due ON said bond, and such
bonds Shall be issued in such demo