Imperial Valley press., 1927-06-27
LEGAL ADVERTISING
ORDINANCE NO. 3n7

CENTRIC ON FRIDAY THE 1ST
DAY OF JULY, 1927. AND SUB
MITTING 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-
DURING CERTAIN RIGHTS
OF WAY NECESSARY FOR THE
ACQUISITION, CONSTRUCT
ION AND COMPLETION OF
GER TAIN MUNICIPAL I'M
PROVEMENT, NAMELY, THE
WIDENING, GRADING AND
9TH ERW Use IMPROVING
EIGHTH STREET WITHIN THE
BOUNDARIES OF SAID CITY,
INCLUDING THE ELIMINATE
ION OF THE Date CANAL
WITHIN THE BOUNDARIES
OF SAID CITY.
The Board,of Trustees of the City
Of FL Centre do ordain as follows:
SECTION =. Whereas the Board
of Trustee os the City of Ell
Centre, at regular meeting of
said Board t'ld on the 1st day of
June. 1927, hv vote of two-thirds
of all its mn"lbers. duly passed and
adopted q resolution determining
that the pui Il" 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 Ell 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
daries 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-of way will require an
| expenditure greater than the amount
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
Of said municipal improvement
herein mentioned, is the sum Of
Fifty Thousand $50, 100000 Dol
lars. and
Whereas said resolution was ap-
/ proved by the executive oe said
city, to-wit, the president of the
Board of Trustees on said 1st day
of June, 1927, and was thereafter
and on the 10th day of June, 1927,
duly published in the Tmperia
Valley Press. daily newspaper Of
| general circulation printed and
published in said city of FL Centre,
and
Whereas the public interest and
public necessity of said City of
FL Centre and the habitants
thereof, demand the acquisition of
said rights-of way for the purpose
in said RESOLUTION described, and it
is the intention Of said Board of
Trustees to acquire said rights of
way for said purpose;
said Board Of Trustees do further
ordain that a special election be
be and the same is hereby called t.
be held in the said City of 81
Centre on Friday, the LIST day OF
: July, 1927, for the purpose OF
submitting to the qualified voter.
of said city the foregoing proposit
, ion as set forth in said resolution
and hereinafter stated;
SECTION III. That the object
and purposes for which the said III
debtedness i'll said proposition
mentioned is proposed to be incur
red are the following, towit: Tn,
for the purpose of the acquisition
construction, and completion b!
said City Of Ell Centre of certain
municipal improvement, namely
the widening, grading. and other
wise improving Eighth Street within
! the boundaries of said city, in
Guiding the elimination of the Date
Canal within tho boundaries oI
said city; that the estimated cost
Of the acquisition of said rights
/, of-way, is Fifty Thousand $50
100000 Dollars, and said cost is
and will be too great to be paid
! out of the ordinary annual incom"
! and revenue of said city, and said
acquisition of said rights-of way
will 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-annually, which rate
shall not be exceeded in the issuance
of the bonds for such indebtedness.
SECTION ~. That special
election shall be held in said
City of FL Centre on Friday, tn,
LIST day of July, 1927, and is Lercb
called on that day for the ppr3os
of submitting to the qualified
voters of said city, The proposition
hereinbefore mentioned, to-wit:
the pronoSition of mourning
bonded indebtedness by snih 0itu