Imperial Valley press. (El Centro, Calif.) 1907-current, 1927-06-28
LEGAL ADVERTISING
ORDINANCE NO, BOT


HELD IN THE CITY OF Ell
CENTRIC ON FRIDAY THE 1877
DAY OF JULY, 1927, AND SUB
MITTING TO THE QUALIFIED
VOTERS OF SAID CITY THE
LOWING 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
PRONEMEET, NAMELY, THE
WIDENING. RADING AND
DTHE WISE IMPROVING
EIGHTH STREET WITHIN THE
BOUNDARIES OF SAID CITY,
| INCLTDING THE ELIMINAT-
ION OF THE late CANAL
WITHIN THE BOUNDARIES
OF SAID CITY.
The Board Of Trustees of the City
of FL Centre do ordain ga follows:
SECTION :. Whereas the Board
/ Of Trustees &c the City Of Ell
Centre, Il regular meeting of
said Boar cid on the 1st day of
June. 1927. Nv vote Of two.thirdS
of all its ur1,bers. duly passed and
adopted solution determining
that the prl IL. interest and public
necessity of said city Of FL Centre
and the inha bitants thereof, de-
mand the ACQUISITION. construction,
and completion by said city of a
certain launtcipal Improvement,
namely, the widening, grading,
and otherwise improving Eighth
Street in said City of Fl Centre,
and for that purpose said public
F., 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 rightsof 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
| nnal 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 ($50,000.00) Dol.
! fars. and
Whereas said resolution was APP.
/ proved by the executive OF 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 Imperial
Valley Press, q 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
Ell Centre and the Inhabitants
thereof, demand the acquisition OF
said rights-of way for the purpose
! in said resolution described, and II
is the intention Of said Board of
Trustees TO acquire said rights OF
way for said purpose;
SECTION III. Now therefore
said Board of Trustees do further
ordain that a special election be
be and the same is hereby called to
be held in the said City of FL
Centre on Friday, the LIST 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
debtedness in said proposition
mentioned is proposed to be incur
red are the following, towit: The
acquisition of certain rights-of- wa
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 $50,
000.00) 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-of way
will require expenditure greater
than the amount allowed for such
improvement by the annual tax
levy; that the amount of the prin.
eipal 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 hereh
called on that day for the p,lrpos
of submitting to the qualified
voters of said citv. the proposition