Imperial Valley press., 1927-06-24

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
$50, 100000 Dollars shall be issued
and sold for ethe. Purpose of ac
curing said rights-of way necessary
for acquiring, constructing and com
pleting said nj municipal improve
ment 1nentforedNirf said proposit
ion Said bonds shall bear interest
at rate 'saat-- 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 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 semi-an-
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
lmcnt 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-
.ome 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 sald
bonds shall be numbered consecutl-
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 or
Trustees of said City shall, at the
time Of fixing the general tax levy,
and in the manner for such genera
tax levy provided, levy and collect
! annually each year, until SAID BONDS
are paid. or until there shall be a
sum in the treasury of satd CITY
set apart for that purpose to meet
all SUMS coming due for principal
and interest on such bonds, a tax
! sufficient to pay the annual INTEREST
| on such bonds. and also such part
of the principal thereof AS shall be
| come due before the time for fixing
| the next general tax levy. Sad TAX
shah be in addition to all othef
taxes levied for municipal purposes
| and shall be collected at the same
! time and in the same manner a.
| other municipal taxes are collected
! and be used for no other purpose
than the payment Of said bonds an9
ace suing interest. -.
SECTION VII. That the proposed
Indebtedness of Fifty Thousand
| $50, O,00O0Oy Dollars, together witt
| all outstanding Indebtedness here
tofore incurred by said City fol
municipal improvements, and al
| indebtedness proposed by this or
| dinance to be incurred, will not IL
| the aggregate exceed fifteen PEI
cent (l5%) of the assessed value
Of all real and personal property OF
said City Of FL Centre.
| 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 oper
until o 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 qualified
to vote and have not been able t;
do so since appearing, the poll
shall be kept open 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 proposi
ton, stamp cross (X) in the vot
ing square after the word Yes
or after the word Nv. All mark
except the cross (X) are forbidden
and make the ballot void.
If you wrongly stamp, tear o
deface this ballot, return it to tn
inspector OF election, and Obtain
another.