Imperial Valley press., 1927-06-27
Illegal ADVERTISING

indie edness hereinabove mention
cd ! submitted at such election,
receiv Is the requisite number of
votes, to-wit, two-thirds of the
votes the qualified voters voting
at such election, bonds of said CITY
in the amount of Fifty Thousand
$50, 00d00) Dollars shall be issued
and sold for the purpose of ac-
curing said fights-of way necessary
for acquiring constructing and com,
pleting SAID municipal improve
ment mentioned in said proposit
ion. Said bonds shall bear interest
at a rate not exceeding six per
centum (6%) per annum, payable
semi ANNUALLY 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 be
paid each year at the office of the
City. Treasurer of the City of Ell
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 seminar
nually at the same place, one of
such semi-annual 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 being at
tached to each bond for each semi
annual payment of interest to be-
come 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 by
the Treasurer Of said City and shall
be counter 81 gned by the City Clerk
of said City. The coupons of SAID
bonds shall be numbered consecut1-
velv and signed by the Treasurer.
SECTION VT. That for the pnr-
pose of paving the principal and IN,
terest 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 wear. until said bonds
are paid. or until there shall he a
sum in the treasury of SAID city
set apart for that purpose to meet
all sums coming due for prlnclpai
and interest on such bonds, tax
sufficient to pay the annual interest
on such bonds. and also such part
of the principal thereof as shall pc
! come due before the time for fixing
the next general tax levy. sand tax
| shall be in addition to all other
! taxes levied for municipal purposes
| and shall be collected at the same
| time and in the same manner as
| other municipal taxes are collected,
and be used for no other purpose
han the payment of said bonds and
| accruing interest.
SECTION VII. That the proposed
indebtedness. of Fifty Thousand
| $50, 100000 Dollars, together with
all outstanding indebtedness here
tofore incurred by said City for
municipal Improvements, and all
Indebtedness proposed by this or
| dinance to be incurred, will not In
the aggregate exceed fifteen pei
cent (15%) of the assessed value
of all real and personal property of
said City of Ell Centre.
| SECTION VIII. The polls of said
election shall be opened at q
clock A. NJ. of the day of said
election, and shall be kept open
until clock P. NJ. Of the same
day, when the polls shall be closed
provided however, that if at tbs
hour of closing there are any Other
voters in the polling place or in
line at the door who are qualified
to vote and have not been able ta
do so since appearing, the polls
shall be kent open a sufficient tlmt
to enable them to vote.
SECTION TX. The ballots to be
used at said election shall be printe ]
in the following form:
No. ----
INSTRUCTIONS TO VOTERS
To vote. on any question or PROPOSE
ton, stamp cross (X) in the vot
ing square after the word - Yes
or after the word NO. All marks
except the cross (Xl are forbidden
and make the ballot void.
If you wrongly stamp, tear OF
deface this ballot, return it to the
Inspector of election, and obtain
| another.