Imperial Valley press. (El Centro, Calif.) 1907-current, 1927-06-30
LEGAL ADVERTISING
ORDINANCE NO. so7

DAY OF JULY, 1927, AND SUB
HITTING TO. THE QUALIFIED
VOTERS OF SAID CITY THE
FOLLOWING PROPOSITION,
TO-WIT:
THE PROPOSITION OF IN
CURING A BONDED INDEBT-
EDNESS BY SAID CITY OF
Ell CENTRIC IN THE SUM OF
FIFTY THOUSAND DOLLARS
FOR THE PURPOSE OF AC-
CURING CERTAIN RIGHTS
OF WAY NECESSARY FOR THE
ACQUISITION, CONSTRUCT
ION AND COMPLETION OF
CERTAIN MUNICIPAL I'M
PROVEMENT, NAMELY, THE
WIDENING. GRADING AND
OTHER WISE IMPROVING
EIGHTH STREET WITHIN THE
BOUNDARIES OF SAID CITY,
INCLUDING THE ELlMINAT
ION OF THE DATE CANAL
WITHIN THE BOUNDARIES
OF SAID CITY.
The Board of Trustees of the City
of Ell Centre do ordain as follows:
SECTION y. Whereas the Board
of Trustees &C the City of FL
| Centre, at regular meeting of
| said Board to',! on the 1st day Of
| June. 1927. " vote Of twothirdS
| of all its morch crs. duly passed and
adopted resolution determining
that the publ. interest and public
necessity Of said CITY Of Fl Centre
and the inhabitants thereof, de-
mand the acquisition. construction,
and completion by said city of a
certain municipal Improvement.
namely, the widening, grading,
and otherwise improving Eighth
Street in said City Of FL Centre,
and for that purpose said public
interest and said public necessity
require the acquisition Of said
rights-of way and the elimination
Of the Date Canal within the boun-
darics of said city. and that said
municipal improvement and the
acquisition of said rights-of way are
necessary and convenient to carry
out the objects. purposes and powers
of said municipality. and that the
cost thereof is and will be too great
to be paid out of the ordinary an
| nual income and revenue Of said
city, and that said acquisition of
said rights way will require an
expenditure greater than the amour:
allowed for such improvement by
the annual tax levy. and that the
estimated cost of said acquisition
Of said rights of-way for the purpose
j Of said municipal improvement
herein mentioned, is the sum of
! Fifty Thousand ($50,000.00) Dol
lars, and
| Whereas said resolution was ap-
proved by the executive OF said
city, to-wit. the president of the
Board of Trustees on said LIST day
of June, 1927, and was thereafter
and on the 10th day Of June, 1927.
duly published in the Imperial
Valley Press. daily newspaper of
general circulation printed and
published in said city of Ell Centre.
and
Whereas the public interest and
public necessity of said City Of
FL Centre and the inhabitants
thereof, demand the acquisition of
said rights-of- way for the purpose
fin said resolution described, and it
is the intention Of said Board of
Trustees to acquire said rights of
wav for said purpose;
SECTION TT. Now therefore,
| said Board of Trustees do further
ordain that special election be
be and the same is hereby called to
be held in the said City Of Ell
Centre on Friday. the 1st day of
July, 1927, for the purpose of
submitting to the qualified voters
of said city the foregoing proposit-
ion as set forth in said resolution,
and hereinafter stated;
SECTION III. That the objects
and purposes for which the said in
debtedness in said proposition
mentioned is proposed to be incur
red are the following, towit: The
acquisition Of certain rights.of way
for the purpose of the acquisition.
construction, and completion by
said City of FL Centre of a certain
municipal improvement, namely,
the widening, grading, and other
wise improving Eighth Street within
the boundaries of said city, in
| Gliding the elimination of the Date
Canal within the boundaries of
said city; that the estimated cost
Of the acquisition of said rights,
of-way, is Fifty Thousand $780,
| 000.0O) Dollars. and said cost Is
and will be too great to be paid
! out of the ordinary annual income
and revenue of said city. and said
ACQUISITION of said rights-of way
viii require expenditure greater
than the amount allowed for such
improvement by the annual tax
levy; that the amount of the prin.
cipal of the indebtedness to be in
CURED therefor is Fifty Thousand
Dollars. and the maximum rate Of in
terest to be paid on said indebted
ness is six per cent per annum,
payable semi-annuallv, which rate
shall not be exceeded in the issuance
of the bonds for such indebtedness.
SECTION Nv. That special
election shall be held in said
City Of Ell Centre on Friday. tho
LIST day of July, 1927, and is hereh
called on that day for the r"~n~s
of submitting to the nuolified
voters of said city 80 proposition
hereinbefore m ntioned, to-wit:
the pronos''ion of mourning
bonded Indebtedness by said City