Imperial Valley press., 1927-08-08
tion of the Date Canal within the
boundaries of said City.
UateQ w..

non OF tn6 bdte SdHdl WITHIN tue
boundaries of said City.
Dated 10.
Treasurer of the City of FL Centre,
California.
That before the delivery Of said
bonds there shall be inserted there
in the respective numbers thereof,
the numbers of the series thereof,
the denomination and date Of ma
turity, and in the coupons attached
thereto there shall be inserted the
respective numbers thereof,
amounts, dates of payment and num-
Der of bond and series to which such
coupon is attached. That the Presi-
dent of the Board of Trustees and
the Treasurer of said City be. and
they are hereby authorized and ii
rected to sign said bonds, and the
City Clerk of said City is hereby
authorized and directed to counter
sign the same and to attach the seal
Of said City thereto: and the Treas.
urer of said City IS hereby authoriz-
Cu d'u V I" " 'Pois ~ ~ - Sdiu
h,ndS 10 deliver said to2dS and
corIcns to the fureh;, ser or pur-
ehas"r> -. roof upon rairent to
him, IF the amount of tito purchase
pr H',of n,n accrued ir.erest.
SECTION II. That for thc pur
pose of paying the principal and
interest on each one of said bonds
by this ordinance directed t. he is
sued the Board of Trustees of the
City of FL Centre shall at the time
of fixing the general tax levy and
in the manner for such general tax
levy provided, levy and collect an
nually until said bonds are paid or
until there shall be sum in the
Treasury of said City set apart for
that purpose. to meet all sums COM
ing due for the principal and inter
est of such bonds. a tax sufficient
to pay the annual interest on such
bonds. and also such part of prinei
pal thereof as shall be due before
the time of fixing the next general
tax levy. Said taxes shall be in
for Municipal purposes and shall
be collected at the same time and in
the same manner as Municipal taxes
are collected, and be used for no
other purpose Than the payment of
said bonds and accruing interest.
Said Board of Trustees hereby
makes provisions for the levy and
collection of all sums that shall or
may be necessary to pay in full the
interest and principal of said bond
ed Indebtedness as the same shall
fall due, and hereby contracts, rep
resents, and promises that such levy
shall be made as aforesaid, and so
far as it has the power to make
such levy it hereby makes the same.
SECTION VII. That there shall
be and is hereby created separate
fund to be designated as Munich
pal Eighth Street Improvement
Bond Fund of 1927 to be carried
in such name upon the books of said
City; that the proceeds of the levy
above mentioned shah be paid into
aforesaid fund as soon as the same
are collected, and shah remain in
said fund until required for the
payment of the principal and in
terest to be paid upon said bonds.
That when the payments of prin-
cipal and interest shall fall due the
Treasurer of said City is hereby au
thorized and directed and command
ed to pay out of the money in said
fund, said amounts of principal and
interest of said bonds as the same
shall fall due when demand shall
be made therefor as provided by
law. and upon surrender of said
bonds. and coupons to said Treasur
er. TO cancel said bonds and cou-
pons Immediately after such sur
render and payment.
It is further ordained, promised
and agreed that none of said money
paid into said fund shall be used for
any other purpose than the pay
ment of the principal and interest
on said bonds as in this ordinance
specified, until the whole amount
thereof shall have been paid.
SECTION VIII. That this or
dinance shall be in force and effect
from and after thirty $50 days af-
t,- its passage, adoption and ap-
prevail and upon the publication
thereof as required by law.
SECTION TX. The City Clerk
shall certify to the passage. adop-
ton and approval of this ordinance
and cause the same &c be published
once in the Imperial Valley Press.
a newspaper of general circulation.
printed and published in said City
ALVIN y. BUCKLIN,
President of the Board of Tr>s-ees
of the City of FL Centre, Califor'
MIA.
Attest:
j. c. NEALE,
City Clerk of the City of FL Cen
tro. California.
(SEAL)