Imperial Valley press., 1935-10-29
LEGAL ADVERTISING

northwest of El Centro in New
River, as shown by a map thereof
on file with the City Engineer of
said City Of e. Centro and the do
ing OF all trench work and all
other work necessary therefor. and
appertaining thereto; and to pay
the costs of the acquisition of all
rights of way and property neces-
sary for the construction and COM
pletion of said sewer line.
Said election shall be held on
said 3Oth day of October, 1885, in
said City Of El Centro, in all parti-
culars not recited in this ordinance,
as provided by law, for holding
municipal elections in said munich
pality.
SECTION V: That if the pro-
position Of incurring the bonded
indebtedness hereinbefore mention
ed, so submitted at such election,
| receives the requisite number Of
votes, to-Wit. twO-thirds of the quail
flied voters voting on such pro-
position, bonds Of said City in the
amount Of Two Hundred Ninety
/ Thousand (S290,0 ,00000) Dollars,-or
IN an amount, or amounts less than
Two Hundred Ninety Thousand
! 1920, ,00000 Dollars. if the full
amount Of Two Hundred Ninety
Thousand (S29OOO0O0) Dollars shall
not be necessary for the purpose
/ herein mentioned, shall be issued
and sold for the purpose Of acquir
ing, constructing and completing
said municipal improvement, and
acquiring said rights of way there
| for; provided. that in event it shall
| be unnecessary to derive the full
sum of Two Hundred Ninety Thou
sand CS290000.0O) Dollars, from the
sale Of the bonds, by reason Of
funds granted by the United States
/ Government, in its administration
of relief funds, then the bonds thus
/ rendered unnecessary shall not be
used and shall be cancelled as pro-
vided by law. Said bonds so issued
shall bear interest at a rate not to
exceed six per cent per annum,
payable semi annually, and the
principal and interest thereof shall
/ be payable in lawful money of the
/ United States Of America. Not less
than one fortieth GAO part of the
principal Of said bonds so to be
issued and sold shall be paid each
year at the office Of the City
Treasurer of the City of Ell Centro
in said City in the County Of I'M
perial, State Of California, on a day
to be hereinafter fixed in said
bonds, until the whole principal
has been paid; and the interest Of
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 installment
of the principal Of such indebted
ness as aforesaid. Said indebted
ness shall be evidenced by bonds
and proper coupons attached there
to, separate coupons being attach
ed to each bond for each semi
annual payment Of interest to be-
come due on said bonds; and such
bonds shall be issued in such de
nominations or denomination as
the City Council of said City shall
determine in accordance with law
Said bonds shall be signed by the
Mayor and president Of said City
Council, and also by the Treasurer
of said City, and shall be counter
signed by said City Clerk of said
City. The coupons of said bonds
shall be numbered consecutively
and shall be signed by the Treas
urer.
SECTION VI: That for the pur-
pose of paying for the principal and
interest of said bonds, the City Coun-
Gil of said City shall, at the time of
fixing the general tax levy, and in
the manner for such general tax
levy provided, levy and collect an
nually 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, sufficient to
meet all sums coming due for prin-
cipal and interest on such bonds,
tax sufficient to pay the annual in
terest on such bonds, and also such