Imperial Valley press., 1927-06-23

! cd, so submitted at such election,
receives the requisite number Of
: votes, to-wit, two-thirds of tn.
! votes Of the qualified voters voting
| at such election, bonds Of said City
in the amount of Fifty Thousand
| ($50,000.00) Dollars shall be issue
and sold for the purpose of ac
| curing said rights-of necessary
| for acquiring, constructing and com
! pleting said municipal improve
ment mentioned in said proposit-
! ion. Said bonds shall bear interest
at rate not exceeding six per
centum (6%o) per annum, payable
semiannual y and the principal
and interest thereof shall be pay
able in lawful money Of the United
| States of America One Goth part of
the principal of said bonds shall b.
paid each year at the office of the
City Treasurer of the City Of FL
Centre, in said City. in the County
Of Imperial. State Of California, on
a date to be hereafter fixed in said
| bonds, until the whole principal
has been paid; that the interest on
said bonds shall be paid semi-an
nually at the same place, one of
such semiannual payments in each
year being made at the date Of
the payment of the annual install
lment of the principal of such in
debtedness as aforesaid: said in
debtedness shall be evidenced by
bonds and proper coupons attached
thereto, separate coupons beng at
tached to each bond for each semi
annual payment of interest to be
.omc due on said bonds and such
bonds shall be issued in such demon
nations or denomination as the
Board of Trustees Of said city
shall determine in accordance with
law; said bonds shall be signed by
| the president Of the Board OF
Trustees Of said City. and also bv
the Treasurer of said City and shall
be counters signed by the city CLERK
| Of said City. The coupons of sald
bonds shall be numbered consecutl-
velv and signed by the Treasurer.
SECTION VI. That for the pur-
pose of paying the principal and in,
| terest of said bonds the Board OF
Trustees of said City shall, at tn"
time of fixing the general tax levy.
| and in the MANNER for such general
tax levy provided. levy and collect
annually each year, until sad bon0S
are paid, or until there shall be "
/ sum in the treasury of said Clty
set apart fer that purpose to meet
al sums coming due for prlnclpHl
| and interest on such bonds. tax
sufficient TO pay the annual lnteres'
on such bonds. and also such par'
Of the principal thereof as snail be
come due before the time for flXlh!
the next general tax levy. sand tax
shall be in addition to all othei
taxes levied for municipal purposes
and shall be collected at the same
time and in the same manner ~
other municiual taxes are collected
and be used for no other purpos,
than the payment Of said BONDS ana
ccruing interest.
SECTION VII. That the proposed
indebtedness of Fifty Thousand
$50 .C00.00) Dollars. together witt
all outstanding Indebtedness here
tofore incurred by said City fol
municipal improvements. and al
Indebtedness proposed by this or
dinance to be incurred, will not il
the aggregate exceed fifteen PEI
cent O5%) of the assessed valu,
Of all real and personal property o.
said City of FL Centre.
SECTION Wiz. The polls of sai'
election shall be opened at
O'Clock A. NJ. of the day OF sai'
election, and shall be kept ope!
until 6 O'Clock P. NJ. Of the sam'
day, when the polls shall be closed
provided however, that if at tn
hour of closing there are any othe
voters in the polling place or II
line at the door who are qualified
to vote and have not been able tt
do so since appearing, the poll
shall be kept open a sufficient TIM
to enable them to vote.
SECTION TX. The ballots to BE-
used at said election shall be printep
in the following form
INSTRUCTIONS TO VOTERS
To vote on any question or PROPOSE
tion, stamp a cross (X) in the vot
; ing square after the word YES
or after the word No. All mark
except the cross (X) are forbidden
and make the ballot void.
If you wrongly stamp, tear O.
| Al - tn thf
inspector Of election, and obta.r