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Ali(I -It lis t'urfhdr ordered{ ilinT —the
<br />President of the' said, Board 'of True -
<br />tees of said Town, who Is the executive
<br />of said Town, be and he is hereby -hu.
<br />thorized to sign each and every one of,
<br />i.aid hoplls as the exocutivo of said
<br />Town'ns aforesaid, and that the Tecas-
<br />UPor of said Town bo and Its is hdrelly
<br />authorized to sign cacti and every ono
<br />of said bonds and tba; the Cleric of
<br />acid Toren be aqd he to authorized
<br />to countersign each ;and every one
<br />of said, ponds slid to affix the car•
<br />norate'voal of said Town to aaeh and
<br />)vory one of sold bonds, and that said
<br />itgning and sealing shall `oellstitute
<br />and bo'a suntcicnt and binding execu-
<br />tion of each old every one of sabl
<br />bonds by wild Town; tinct that the saltl
<br />Treasurer be and lie I$ hereby aM=
<br />tbedzell and directed to sign each and
<br />every one of the re'Spectivq coupons
<br />'attached to each respective bond, and
<br />that -paid signing may be by fac-simile
<br />signature, and that the said signllig
<br />of said goupons by said Treasurer shall
<br />constitute and be a sapictent and bind-
<br />ing execution of each an'il every one,
<br />of until coupons by ;aid Town.
<br />Section 2. And It Is further or-
<br />dained that there shall be levied and
<br />collected each and every year upon
<br />111 property subject to taxation by
<br />said Town„ a tax sufficient to pay the
<br />Interest on said tiohdell indobtednesy
<br />is said Interest falls due, and sufficient
<br />also to pay one-tentli, '(1-10) of tllq
<br />whole. amount of said indebtedness
<br />each and every year, and sufficient to
<br />pay the whole amount of amid principal•
<br />and interest of said indebtedness on or
<br />before maturity; wild tax leyy shell
<br />be made at the time and in We mait-
<br />ner of fixing the general tax levy,
<br />and said taxes Herein required. to be
<br />levied and eolieetit shall be in addi-
<br />tion to all other (axes levied for
<br />municipal purposes, antl.shali be col -
<br />looted at the Lime aril, in the sante
<br />manner as other municipal taxes urn
<br />collected, and be used for no other par-.
<br />Pose tbnn the payment of said bonds
<br />and accruing Interest,
<br />And said Board further ordahns.t'hat
<br />.there shall he and Is hereby provided
<br />N sinking fund to be kept by the Treas-
<br />urer of said Town and to be deoig-
<br />naaed as tide 'Sinking Fund for Pay-
<br />ment of the IJUnicipal Improvement
<br />Bonds of 1026', slid that the preeecds
<br />of tile levy above mentioned shalt
<br />be paid into sold,shtlting fund its soon
<br />as Lila same shalt he Collected and shall
<br />rennin In said slatting fund until
<br />required for the respective payments
<br />of principal and Interest to bo mail(,
<br />upon said bonds, and that when the
<br />respective payments of the principal
<br />and interest of said bonds shall fall
<br />due the Treasurer of said Town be and
<br />he In hereby autborized and directed
<br />to pay out of the moneys h) said sink
<br />'.ing fund said respective amounts
<br />thereof when denlnnd shell be made'
<br />therefore an by law regtilred; and upon
<br />the surrender of the corresponding
<br />bonds and coupons to acid Treasurer,
<br />the duty of said Troasurer shall be to
<br />cancel the Panic immediately after
<br />their payment; and it is further or-
<br />dalued that novo of the nrenoys pald
<br />Into said sinking fund shalL be used
<br />for any other purpone than the pay -
<br />meat of said indebtedness had Inoroat
<br />thereon, until the whole amount of
<br />sold indebtedness and tuterest shall ba
<br />fully paid, that each and everyone of
<br />the conditions and prnVisions slated
<br />and provided in rotation to the Bald
<br />bonds by said ordhutnce calling said
<br />election shall he compiled with,
<br />Section 2, This Ordinance shall be
<br />publlhed once In the Thnos-Gazette, n
<br />weeitly newspaper published. printed
<br />and circulated ill sold Town of Red-
<br />wood City, and shall take effect and
<br />be in force from and after its pass-
<br />URe,
<br />Introduced tilia 6th day of April,
<br />1.026,
<br />Passed and adopted as nn ordinance
<br />of the 'town of l:edwgod City by the
<br />Board of Trustees of said Town at :a'
<br />regular incetirli; of snid 130artl held
<br />on the 410th Clay of .NprII. 1626, by the
<br />foiiovng veto:
<br />Ayes find In favor of the passage of
<br />the foregoing Ordlannee: Trustees
<br />G. wl 1feNulty, \f. T9. Ryan. li. A,
<br />Beoger `
<br />Noes and against the plissago of the
<br />i foregoing Ordinance: Trusteas—None.
<br />Absent, Trustees C. Si. Mahte. A. P.
<br />tifohteltb.
<br />M A. BlIMER,
<br />President of the Board of Trustees of
<br />the Town of nedwood Oty,
<br />Attest: p -
<br />W, A. PnTCL,
<br />Cleric of the Town of Redwood City,
<br />I lloroby approve the foregolm-
<br />Ordinance this 20th day of Arrll, 1626.
<br />(SEAT,) . IL A. BI:PGM.
<br />President of the Bawd of Trustees of
<br />tile Town of nedwood City.
<br />April 26, 1026. It
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<br />'Liid:..vit of C.L.Dinnitt Sint
<br />�i 3treot irl Uy.e t.- .rtes of n��tility noticed (J,otice of Public ,�nr.';) undor aesolution of
<br />".J_..l on : otion Oi :,'ruotee .ti;r' 11, ,4ecjside6 :.rustee Lc.Llulty s...Me be
<br />r0 V8u -:id ii -Led. ...7t1 -Ori cc -cried.
<br />cut,tao _t•• r. o1'ierU Liao �o1la, ins Pe:;olution ..nd roves its .,,doAion, Trustee Lc!Mlty
<br />ticotid t;le . ,otion. 1.otioil c_rried.
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