Imperial Valley press., 1927-06-24
ORDINANCE NO. BOT

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SPECIAL ELECTION TO BE
HELD IN THE CITY OF Ell
saCENTRQ ON FRIDAY THE 1ST
DAY OF JULY, 1927, AND SUB
MITTING TO THE QUALIFIED
VOTERS OF SAID CITY THE
7 F o LIsOWING PROPOSITION,
TO WIT:
THE PROPOSITION OF IN
CURING A BONDED INDEBT-
EDNESS BY SAID CITY OF
Ell CENTRO 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
OTHERW WISE IMPROVING
EIGHTH STREET WITHIN THE
BOUNDARIES OF SAID CITY,
INCLUDING THE ELIMINAT-
ION OF THE pATE CANAL
WITHIN THE BOUNDARIES
OF SAID CITY.
The Board of Trustees of the City
Of FL Centre do ordain as follows:
SECTION J. Whereas the Board
of Trustees uf the City of Ell
Centre, at a regular meeting of
said Board held on the lst day of
June, 1927, J." vote of two-thirds
of all its medi""s. duly passed and
adopted q resplHtion determining
that the publi,' interest and pablif
necessity Of said City of Ell Centre
and the inhabitants thereof, de
mand the acquisition, construction,
and completion by said city Of
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 and the elimination
of the Date Canal within the boun
daries of said city, and that said
municipal Improvement and the
~ VI iiiH'' Aoh VI SdA'i We rhN
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
i city, and that said acquisition OF
| said rights s-ofway will require an
! Inyr,nnlifnro "a ba
! 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 ($50,4o0O0) Dol
| lars, and
Whereas said resolution was ap-
proved by the executive of said
city, towit. the president of the
/ Board of Trustees on said lst 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
| puDlISHtu III Sait tlts VI Ia N'h'i ";
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
in said resolution described, and it
is the intention Of said Board of
Trustees to acquire said rights of
way for said purpose;
SECTION II. Now therefore,
said Board of Trustees do farther
ordain that special election be
be and the same is hereby called to
be held in the said City of FL
Centro on Friday, the lst 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
debtcdness in said proposition
mentioned is proposed to be incur
rcd are the following, to-wit: The
acquisition Of certain rights-ot' 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
Guiding 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 (S5o,
0OO.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 f-way
I 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 Ell Centre on Friday, the
lst day of July, 1927, and is hereb .
called on that day for the pnro"s q
. hnat % = 4