Imperial Valley press. (El Centro, Calif.) 1907-current, 1927-06-28
LEGAL ADVERTISING

Indebtedness herelnabOye mention
ed, 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, 0OO.00) Dollars shall be issued
and sold for the purpose Of ac-
qulring 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
centum (6%) per annum, payable
semi-annual,y 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
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 scmi-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 pavment of interest to be
come due on said bonds and snch
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-
velv and signed bv 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 shah, 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 a
sum in the treasury of said City
set apart for that purpose to meet
all sums coming due for principal
and interest on such bonds. 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. Said tax
shall be in addition 20 all other
taxes levied for municipal purposes
and shah be collected at the same
time and in the same manner as
other municipal taxes are collected
md be used for no other purpose
han the payment Of said bonds and
,accruing interest.
SECTION VII. That the proposed
Indebtedness Of Fifty Thousand
$50, 000.00) Dollars, together with
all outstanding indebtedness here
tofore incurred by said City for
municipal improvements, and al
Indebtedness proposed by this or
dinance to be incurred. will not in
ha "a
cent $50 of the assessed value
of All real and personal property of
said City Of FL Centre.
SECTION VIII. The polls of said
election shall he opened at Z
o clock A. NJ. of the day of said
! election, and shall be kept open
until 6 0 clock P. NJ. of the same
day. when the polls shall be closed
provided however. that if at the
hour of closing there are any other
voters in the polling place or in
line at the door who are qualified
to vote and have not been able "a
do So since appearing, the polls
shall be kept open a sufficient time
to enable them to vote.
SECTION TX. The ballots to BIZ
used at said election shall be printed
in the following form:
No. ---------
INSTRUCTIONS TO VOTERS
To vote on any question or PROPOSE
tion, stamp a cross (X) in the vot
ing square after tire word eyes ;
or after the word ono. All marks
except the cross (X) are forbidden
and make the ballot void.
If you wrongly stamp, tear oil
deface this ballot. return it to the
inspector of election, and obtain
another.