Imperial Valley press. (El Centro, Calif.) 1907-current, 1927-06-29
LEGAL ADVERTISING

Indebtedness Eereinabove 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
(S50,OO00G) 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
centum (6%) per annum, payable
semi-annualty 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 e.
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 ct the same place, enc of
such semiannual payments in each
year being made at the date of
the payment of the annual install
lment of the principal of such in.
l.k aIr fArag1jH S3j1 in
debtedness shall be evidenced by
bonds and proper coupons attached
thereto, separate coupons being at
tached to each bond for each semi
annual ravment Of interest to be
come due on said bonds and such
bonds shall be issued in such donom-
nations or denomination AZ the
Board of Trustees Of said Citv
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 counters signed by the City Clerk
If said City. The coupons OF sal!
bonds shall be numbered consccuti-
'tif AKA SI2Iitu NV tIst
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 lew provided. levy and collect
annually each year. until said bonds
10 Ia n
sum in the treasury Of said City
Sc 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. Said tax
shall be in addition to all other
taxes levied for municipal purposes
and shall be collected ut the same
! time and in the same manner as
other municipal taxes are collected,
! I'D be used for no other purpose
han the payment of said bonds and
| accruing interest.
SECTION VII. That the proposed
Indebtedness of Fifty Thousand
600, 100000 Dollars, together with
All outstanding Indebtedness here
tofore incurred by said City for
municipal improvements, and all
Indebtedness proposed by this or
dinance to be incurred, will not in
the aggregate exceed fifteen per
cent 15G6) of the assessed value
of all real and personal property Of
said City Of Fl Centric.
SECTION VIII The polls of sal
election shall be opened at :
o clock A. NJ. of the day of sail
election, and shall be kept open
until o clock P NJ. of the same
dav, 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 i'll
line at the door who are qualified
to vote and have not been able to
do so since appearing, the polls
shall be kent open 4 sufficient tim a
to enable them 10 vote.
SECTION TX The ballots to be
used at said election shall be printed
in the following form:
No.
INSTRUCTIONS TO VOTERS:
To vote on any question or PROPOSE
ton, stamp cross (X) in the vot-
ing square after the word "Yes'
or after the word NO. All marks
except the cross (X) are forbidden
and make the ballot void.
If you wrongly stamp, tear OR
deface this ballot, return it to the
inspector of election, and obtain
another