Imperial Valley press. (El Centro, Calif.) 1907-current, 1927-06-25

cd, so submitted at such election,
receives the requisite number of
votes, to-wit, two-thirds of the
votes of the qualified voters voting
at such election, bonds Of said City
in the amount of Fifty Thousand
900, 100000 Dollars shall be issued
and sold for the purpose of ac-
curing said rights 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
eentum (696) per annum, payable
semi-annuahy 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 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 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 signed by the City Clerk
of said City. The coupons OF said
bonds shall be numbered consecuti-
vely 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 the
time Of fixing the general tax levy.
and in the manner for such general
tax levy provided. levy and collect
annually each year, until said BONDS
are paid. or until there shall be q
sum in the treasury of said Slty
set apart for that purpose 10 NEE,
all sums coming due for primer pa
and interest on such bonds. q tax
sufficient to pay the annual interest,"
on such bonds, and also such par'
| Of the principal thereof as snail DC
come due before the time for fixing
the next general tax levy. SAID taN
shall be" in addition to all othe'
taxes levied for municipal purposes
and shall be collected at the sam'
| time and in the same manner
other municipal taxes are collected
/ and be used for no other purpose
| than the payment Of said bonds an
9ccruing interest.
SECTION VII. That the proposed
Indebtedness of Fifty Thousand
! $50, 100000 Dollars. together will
all outstanding indebtedness here
tofore incurred by said City TO
municipal improvements, and L al
indebtedness proposed by this or
dinance to be incurred, will not il
the aggregate exceed fifteen pc
cent (l5%) of the assessed valu
of all real and personal property o.
said City Of FL Centric.
| SECTION VIII. The polls Of sal
election shall be opened at
o clock A. NJ. of the day of sal
election, and shall be kept ope'
until e 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 IL
line at the door who are qaalifie'
to vote and have not been able t,
do 80 since appearing. the poll
shall be kept open n sufficient tim
to enable them to vote.
SECTION TX. The ballots to b
used at said election shall be printe'
in the following form:
No.
INSTRUCTIONS TO VOTERS
To vote on any question or PROPOSE
ton, stamp a cross (X) in the vot
ing square, after the word eyes
or after the word mo-. All mark
! except the cross (X) are forbiddeI
and make the ballot void.
If you wrongly stamp, tear o
deface this ballot, return it to tn
inspector of election, and Obtai
! another,