Crook County journal., January 25, 1917, Page PAGE 6, Image 6

JANUARY 25, 1917
PAGE 6
CROOK COUNTY JOURNAL
JITNEY DANCE
FRIDAY
Febraary 2
POWELL BUTTE
COMMUNITY HALL
Good Music, Chicken Pie Supper
Admission Free
THE FORD COMPANY
ANNOUNCES
TTTThat on account of shortage
( of materials until further no
VL tice cars will be shipped
JJonly on bonafide orders.
, Therefore if you want a car
it will be necessary for you
to come and sign an order
INLAND AUTO COMPANY
PRINEVILLE, OREGON '
Keep Your Stock Healthy
and Make Your Chickens Lay
INTERNATIONAL
POULTRY and VETERINARY
REMEDIES
INTERNATIONAL Distemper Remedy
INTERNATIONAL Worm Powder
DAN PATCH Iodo Absorbant
INTERNATIONAL Louse Killer
INTERNATIONAL Roup Remedy
INTERNATIONAL Healing Powder
INTERNATIONAL Poultry Food
A fresh stock of all the International Stock Food
Company's Remedies always Kept on our Shelves
Spring
Always
Let us keep you, as well as your stock and poultry, in
good health. We are the Old Reliable Druggists of
Central Oregon. In business in Prineville 18 years
D. P. Adamson & Co.
The First National Bank
of PRINEVILLE, OREGON
Resources Over Half Million
This bank is pleased to place at the disposal of its
customers the facilities gained during its twenty
seven years of continuous service and growth
B. F. ALLEN. Pre. WILL WURZWE?LER, Vice Pres.
T. M. BALDWIN, Cashier H. BALDWIN. Asst. Cashier
E. R. MORRIS, Asst.Cashier
Classified Ads
sleep; you will
quick medium
Tonics
.Needed
work while you
find them a very
for your wants
NOTHK OV I'KTITION TO KX-
l.l lK t'KUT.m 1.ANHS KltOM .
TIIK K II(M O IKKHiATION 1HS-I
TKHT, AMI TO I HWliK Til K i
IUUM).1I(IKS OK SUI DIM
TKHT. Notice is hir'by Riven ihnl l.lttt
Vanderpool ami liln ("nittrllt hnv
filed In the offlow or the Booretary or
the Ochooo IrriRutiun DlHtrU-t their
pot it inn ira ytnk that the following
described lands beloiiKiiiK to the
uotitinners and situate within the
said IrriKHlltm tllHtrli't and proposed
to be IrriKated by said IrrlKation
district and by its system of Irriga
tion to-it:
The South half of t ho Northeast
Quarter and the North halt of the
Southeast Quarter of Section Twenty-Six
Township Fourteen South,
limine Kitten EubI of the Willam
ette Meridian In Crook County,
State of Oregon, be excluded and
taken from said district, and the
boundaries of suid district be
chaniced so as to exclude said lands
of the petitioners, for the reason
that said lands are already Irrigated
and entitled to be irrigated from
another sousce and by another sys
tem of irrigation works than that
contemplated by the said district.
And notice Is hereby given to all
persons Interested in, or who may
be affected by such change of the
boundaries of said district, to ap
pear at the office of the Hoard of
Directors of suid district, in the
Adamson Building, In the city of
Prinevllle. Crook County, Oregon,
on the 6th day of February, 1917,
at the hour of 2 o'clock In the after
noon of that day, and bIiow cause,
in writing, if any they have, why
the change of the boundaries of
said district, as proposed in suid
petition, should not be made.
And you are further notified that
if you fail to so appear and show
cause, in writing, why the tracts of
land described in said petition
should not be excluded from suid
district, the same shall be deemed
and taken as an assent by you to
the exclusion of said tracts of land
from said district.
Dated this 17th day of January,
1917.
R. Li. SCHEE,
Secretary of the Board of
Directors of the Ochoco
Irrigation District. Crook
10t3c County, State of Oregon.
Send a copy of the Journal to
a friend in the East.
NOTICE OF SHERIFF'S SALE
By virtue of an execution, judgment, de
cree and order of tale buued out of the Cir
cuit Court of the Stmt of Oregon (or the
County of Crook, dated the 26th day of De
cember. 1916, in a certain suit in said court.
wherein U. Orlo Jefferson, plaintiff, recover-'
cd a judgment and decree against Char lea
W. Embody. Florence Km body, Oregon Cn- i
t nil Improvement Company, a corporation of
Washington, and the County of Crook, de
fendants therein, that the property herein
after described be sld to satisfy the sum of
Three thousand dollar (f:iutMi.ooj with In
terest thereon at eight per cent I8 per an
num from the 23rd day of September, 1914:
the sum of Seven ty-seven & 78-100 dollar
t $77,7H i with interest thereon at ten per
cent (KM pet- annum from the 27th day of
May, 1916 ; the sum of One hundred twvuty
ftv k 44-tou dollar (12ft.44t ; the sum of
One hundred seven ft 7 ft-lot) dollar
(1107.76); the sum of Eighty 4 y-I0u do!-,
lara tlHO.Mt the sum of Three hundred dol
lars ($300.00 and the further turn of Twenty-one
A fto-lOu dollars i$21.60, coats and
disbursement, and accruing costs, notice is
hereby given that 1 will on Saturday the
24th day of February, l!17, at the north
front door of the Court House in Prineville,
in said County, at ten o'clock in the fore
noon of said day, sell at public auction to
the highest bidder for cash, all riifht. title
and interest that the above named defend
ants, or either of them, had on or after the
23rd day of September, 1910, the date of the
mortgage foreclosed by said decree, in. the
following described property, to-wit : I
AH of Section 16. in Township 22 South
of Range 21 Cast of the Willamette Merid
ian, in Crok County, Oregon, to satisfy said
execution, judgment and decree.
E. B. KNOX,
Sheriff of Crook County
By FLOYD A. KOVYKIX,
lU5c Deputy.
ORDINANCE NO. 246
An ordinance authorizing the issuance, ex
ecution and delivery to the purchasers of
One Hundred Thousand Dollars ( $100.000 1
Negotiable Warrants of the City of Prine
ville, Crook County, Oregon, for the purpose
of borrowing money with which to build and
equip a rail mad within and without the
boundaries of the city for the benefit and use
of the inhabitants theerof, and for profit ;
prescribing the form of said warrants and
fixing the details of the issue, and providing
for the levy, assessment and collection, of a
direct annual ad valorem tax uon all of the
taxable property of said city, in addition to
all other taxes, sufficient to create a fund
with which to pay the interest accruing on
said warrants and to discharge the principal
thereof, repealing all ordinances or parts
thereof in conflict herewith ; and declaring
an emergency.
THE PEOPLE OF THE CITY OF PRINE
VILLE, OREGON, DO ORDAIN, as follows:
Section 1. That it has been und it is here
by ascertained, determined and declared that
the City of PrinevilK, Crook County, Oregon,
has a population of more than one thousand
persons and is authorized and empowered by
Subdivision f8 of Section 25 of Chapter 5 of
the charter of said city, as amended at an
election held on the 11th day of September,
A. D, 1916, to buy, build, equip, acquire,
maintain and operate a railroad operated by
steam, electric or other power within and
without the boundaries of said city for the
benefit and use of the inhabitant thereof
and for profit, and that the common council
deems it advisable and to the beat interestH
of said city to exercise the said powers and
build and equip a railroad for said city dur
ing the current year.
Section 2. That for the purpose of bor
rowing money with which to build and equip
a railroad within and without the boundaries
of the city for the benefit and use of the in
habitants thereof, and for profit, there shall
be and there are hereby authorized, ordered
and directed to be issued and delivered to the
purchasers thereof the following described
warrants :
General fund warrants of the City of
Prineville, Crook County, Oregon, to an
amount aggregating the principal mm of
One Hundred Thousand Dollars ($100,000),
bearing interest from their date until paid
at the rate of six (flj per centum per annum,
payable semi-annually.
Section 4. That each of said warrants,
except as to their number, amount and name
of payee, respectively, shall be in substan
tially the following form, to-wit:
(FORM OF WARRANT)
UNITED STATES OK AMERICA
STATE OF OREGON COUNTY OF CROOK
' CITY OF PRINEVILLE
NO $6,000
General Fund Warrant
TO THE TREASURER OF THE CITY OF
PRINEVILLE, OREGON:
For value received, pay to bearer out of
the general fund of the City of Prineville,
Oregon, the sum of Five Thousand Dollars,
together with interest thereon at the rate of
six per centum per annum, payable semi
annually. This warrant is issued by said city for the
purpose of borrowing money to pay the
cost of the construction and equipment of a
railroad to run within and without said
city for the benefit and use of the Inhabi
tants thereof and for profit, under, by virtue
of and in all respects in full and strict
compliance with the constitution and laws
of the state of Oregon and Subdivision 68 of
Section 26 of Chapter 6 of the charter of
said city and an ordinance duly adopted by
the common council thereof prior to the is
suance of this warrant, and it hereby
re'ltfted, recited and warranted that all
thing, arts and rondhtona required by the
constitution and laws of the state of Oregon
and the charter and people of 'd tiy to
exist and to happen and be done and per
formrd precedent to and In the humane of
this warrani. In order to constitute the
same the valid and binding obligation of
said city, du exist and have happened and
born done and performed tn regular and due
form and time: that the total indeiitednea
of said city, including this warrant, doea not
exveed any constitutional, statutory or char-
U r limitation ; and inai Hue provision naa
been made for the levy, assessment and col-
lefiUm of a direct annual ad valorem tax
on alt of the taxable property nf the elly,
In addition to all other taxes, aumvient to
create a fund to pay the Interest accruing
this warrant and to discharge the prin
cipal hereof.
IN TKSilMliNT wur.Kr.ur, in i iiy oi
tMneville. Crook County. Oregon, by Its
common council, has caused this v, a rant to
be signed by the mayor, attested by me
recorder and sealed witn the corporate nei
of said city, this 20th day u( January, A.
lh D. K. STEWART
i SEA Li Mayor
AtteMt :
GEO. K. Kl'STON.
Recorder.
Kwtlon 4. That each of said warrants
shall be signed by the mayor and attested by
the recorder and sealed with the rorposnte
seal, reaper lively, of aatd city, which aval
shall be Impressed thereon ; and that the offi
cers of said city in this section mentioned are
hereby authorised, ordered and directed to
cause said waranta to be prepared substan
tially In the form hereinabove set forth and
to execute the same for and in behalf of
said said city as and in the manner afore
Mid, and cause the warmnl to be delivered
without undue or unnecessary delay to Fred
Glenn 4 Co.. the lawful purchaser of the
same, upon payment taring made tn aaiu
treasurer of the agreed purchase pru there- i
for; that said treasurer shall hold the pro
ceeds of the sale of said warrants In a sep
arate fund subject to the order of the com
mon council of said city to be used exclusive
ly for the purpose of building and equipping
a railroad within, and without the boundaries
of the city for the benefit and use of th In
habitants thereof and for profit, but (he pur
chaser of said warrants, or any subsequent
nobler shall be in nowise responsible fur the
application of the proceeds of the sale of
said warrant by th said treasurer, common
council or any of th ortlrer of said city ;
and when said waranta, or any part thereof,
shall have been delivered to said purrhaser
they shall t hereafter be Incontestable and
their legality shal not be open to von l rat by
any person or persons, corporation or cor
poration, or by th city, for any reason or
reasons whatever.
Section ft. Th Interest falling du on
said warrants semi-annually, shall be and
the same I hereby ordered appropriated and
paid by the city treasurer from the general
fund, and for th purpus of reimbursing and
supplying said fund with money suftlrient to
pay th interest accruing on said warrants
and to discharge th principal thereof, there
shall be and there fat hereby levied upon all
of th taxabl property of said city, in ad
dition to all other tax, in each of the
year to Itf'.'i. inclusive, a direct an
nual ad valorem tax sufficient to creat and
maintain a fund to pay said interest and
principal on or before six year from the
dale of atd warrant : and said tax. when
collected, shall be turned over to and by the
city treasurer kept in a general fund and
shall be used solely for th payment of the
interest on and principal of lh said war
rants hereby authorised, so long as any of
said warrants or th Interest thereon re
main outstanding and unpaid; and for great
er certainty, the common council of aatd
city shall in each of said years 1 1 T to 1W22,
Inclusive, include the warrant tax herein
above levied for such year In the annual
estimate for said city for such year and said
warrant tax shall in each of said years at ,
the lawful time and by th said common
council and the oflkera of said city, be duly
certified to the Olivers having to do th ex
tending upon th tax roll and the collection
of the same, and it shall be th duty of
said officers, and they are hereby required
annually at the time and in the manner
provided by taw for th levy and collecting
of other taxes, to ratify and carry out the
provision of this ordinance, with reference
to the levying and collecting of th tuxes
herein provided, for the purpose pf creating
a fund for the payment of th Interest upon
and th principal of the said warrant here
by author! led ; and th said taxes, when so
collected shall be turned over to and by the
city treasurer kept for and applied only to
the payment of said interest and principal
of said warrant as hereinabove specified,
but nothing herein contained shall be so
construed as to prevent said city from ap
plying any fund that may be in the treasury
and available for that purpose to the pay
ment of said Interest or principal, and the
levy or levies hereinabove provided for may
thereupon to that extent be diminished, and
upon payment of the principal of any of the
warrant issued hereunder in said manner,
or by the us of th moneys herein provided
for, the levy or levies herein provided for
the payment of interest may to the extent
of the interest on th warrant so paid be
diminished.
Section 6. That aemi-f nnually from the
date of said waranta, so long as any of the
said warrant hereby authorised to be issued
remain outstanding and unpaid, the city
treasurer shall and he is hereby authorized,
ordered and directed to pay the interest due
on said warrant at the rate of six 16) per
centum per annum upon the principal of
said warrants to said treasurer; and as soon
as there are moneys in the general fund of
said city, in addition to moneys required for
the payment of interest, sufficient to pay
the principal of one or more of said war
rants, then the city treasurer shall give no
tire of his intention to pay one or more of
said warrants, according to the amount of
funds In his hands, said warrant tg bo paid
in numerical order. The said notice shall
designate the time of payment and the num
ber or numbers of the warrant or warrant
to be paid and shal) be published for three
successive week prior to the dute of said
payment, the first publication to be not less
than thirty days prior to said date of pay
ment. Section 7. Thitt the sale and award of the
wa rants of said city hereinbefore mentioned
heretofore made by the mayor and common
council of said city, upon the best terms
and at the lowest rate of interest at which
said warrant can be sold, namely at six (6)
per cent interest per anum, to Fred Glenn
at Co., the highest and best bidder therefor,
be and the name, is hereby ratified, approved
and confirmed.
Section 8. That the mayor, the treasu rer
and the recorder, respectively, of said city,
all, any or either of them are hereby
authorized, ordered and directed to furnish
the aforesaid purchaser"' of said warrants,
with a complete certified copy of the charter
of said city showing all amendment hereto
fore made thereto, and with such certificate's,
transcripts or other documents as will fully
evidence the proceeding had preliminary to
the issuance of said warrants, the regularity
and sufficiency thereof, and the act of any
one or all of said officers in the premises
are hereby authorized, ratified, approved and
confirmed.
Suction 9. That It be and 1 hereby cer
tified, recited and warranted that all condi
tions, acts and things necessary and essen
tial to the validity of the warrant herein
before and hereinabove mentioned and re
quired by law to be done, have been fully
done and performed.
Section 10. That the provision of this
ordinance and each of the war runts, shall
constitute and the same are hereby declared
to be a binding and irrevocable contract be
tween said city and the purchaser of said
warrants and the holder from time to time
of each of said waranta.
Section 11. That all resolution, ordin
ances or orders in conflict with the pro
visions here if, be and the name are hereby
repealed, rescinded anil annulled.
Section 12. That this ordinance, being
for th purpose of carrying into effect the
objects authorized and ordered by a ma
jority vote of the qualified elector of said
city an expressed at the special election
held therein on the 11th day of September,
A. D. 1916, for the pu rpose of amend i n g
the charter of the city, more particularly
by amending Subdivision 68 of Section 26 of
Chapter 6 of said charter, is necessary for
the immediate preservation of the peace,
health and safety of the city and an emer
gency exists, and the same shall therefore
be in full force and effect from and after
its passage and aproval and shall not be
subject to the referendum.
Section 13. That this ordinance shall be
forever frrepealable until the indebtedness
hereby created, both as to principal and In
terest, shall have been fully paid, satisfied
and discharged.
Approved this 20th day of January, A.
U. tt17.
n. F. KTKWAKT
Mayor of th City of .'lin.vllle,
tSKALl Crook County, UrKin.
Attest:
GEO. r. KU8TON,
Recorder of the City of Prineville,
Crook County, Oregon.
1112c
(IKUIN ANl'K NO. I4T
An ortlinsnce authorising the Issuance, ex
edition nd delivery of On Hundred
Thousand Dollar Iftuu.tlttni, Negotiable
Couiion Funding ltonds of th City of
Prtnevtle. Crook County, Oregon, for the
puriaat of funding, paying and redeeming a
Ilk amount of the warrant Indebted new of
said city outstanding, du or pnuaid and
here 1 1 dor Incurred for th construction and
equipment of a railroad ; proscribing th
furm of said bonds and lUIng lh detail of
th issue, and providing for the levy, as
sessment and rol lection of a dlrort annual
ad valorem tax Ufsin all of the taxable
property of said rlty, In addition to all
other laves, to ereat a fund sutlirlent to iay
the In te rets a' r ruing on said bonds promptly
when nnd a tn same become du and to
establish a sinking fund with which to dis
charge the principal thereof al maturity;
repeating all ordinances or part thereof In
conflict herewith ; and declaring an emer
genry,' THE PEOPI.F. OK THR CITY OK PMI NE
VILLE. OREGON. IM) ORDAIN, a rolluwst
HkK-tion I, Thut for the purHia of fund
ing, paying and redeeming th warrant In
debtedness of said city now outstanding,
due and unpaid and her to fur Incurred pur
suant to the provUlona of the charter and
ordinance of said rlty for the const ruction
of a railroad by said city, thvr shall be
and ther are hereby authorised, ordered and
directed to be ianuetl and delivered to Heeler
Brother, the lawful purchaser thereof from
th common council, th negotiable funding
bond of said city to an amount equal to
aatd outstanding warrant Indebtedness,
g regaling lh principal sum of ftluo.uuu;
that said homw shall be known as and des
ignated "Funding 1 to nils" t shall be rotn
p rifted of ItH) buml numbered consecutively
from 1 to loo, tm luslve, of lh denomina
tion of tl.uotl each, shall bear di of No
vemher 1, A. D, IU16, and become due and
payable serially In equal annual amount of
ftu.uou.uu each, commencing on November I
A. D. D:!fl ; shall bear Interest from theit
dat until paid at the rat of six t per
centum per annum, payable semi-annually
on th first day of May and November re
spectively. In each year, which Installment
of Interest to dat of maturity of principal
hall be evidenced by appropriate eoupnns
attached to each bond: and both th princ
ipal thereof and th Interest thereon shall
be payahl In lawful money of th United
States of America, at the Oregon Fiscal
Agency, In lh eity and slat of New York,
U. H. A.
Section 1 That each of said bond and
each of th Interval coupon to be titer to
attached shall be In substantially th follow
ing forau, respectively, to-wit :
(Form of liondl
UNITED STATES OF AMERICA
STATE OF OREGON COUNTY OF CHOOK
CITY OF PRINEVILLE
NO, , 11,004)
Funding liond -KNOW
ALL MEN UY THESE PRES
ENTS. That th City of Prineville, Crook
County, Oregon, acknowledge lUelf to owe
and fur valu received hereby promt to
pay to the bearer hereof th principal um
of On Thousand Dollar on November 1.
A. D. If , togthr with Interest on said
sum from lh dat hereof until paid at the
rat of six per centum per annum, pay
able semi-annually on th first day of May
and November, respectively, in each year,
as evidenced by and upon th preaentation
and surrender of th Interest coupons herein
attached as they severally become due; and
both th said principal and interest are
hereby made payable in lawful money of th
United State of America, at the Flsral
Agency of th Ut of Oregon, In th city
and state of New York. U. fri. A.
This bond is Usued by said city for the
purpose of funding, paying an dredeeming
a like amount of its valid and legal out
standing warrant Indelttednras heretofore in
curred under, by virtu of and in all re
spects In full and strUt compliance with the
constitution and law of th stale of Oregon
and the charter of aaid cltv. and In uar.
tirular Subdivision 6ft of Section ih of Chap
ter ft of said charter adopted by a vol of
the qualified elector of anid city on the
lllh day of September, A. D. UUft, and an
on! inane of aaid city duly adopted by th
common council thereof prior to th issuance
of this bond.
And It 1 hereby certified, recited and
warranted that aaid city ha been for many
years past and I now a body politic and
corporate and a municipal corporation duly
organised, existing and operating as a city
under and by virtu of th constitution and
general laws of the state of Oregon and in
particular an act of the legUlativ assembly
thereof approved October 23, I HMO, and all
supplementary and amendatory acts; that all
things, acta and condition required by the
constitution and law of the state of Oregon
and th charter and people of aid city to
eiist and to happen and b don and per-
lormeu precedent to and tn Issuane
t,t i hi.
bond. In order to rnnitltut the same the
valid and binding obligation of said city, do
exist and hav hapjened and been don and
lMrrormcd in regular and du form and
timet that lh Indebtedness for th fund
ment and payment of which this bond i
issued wa lawfully Inrurrcd for lawful city
purposes, and at the time It wa in
curred and at th time of its fundment
and payment hereby const Ituted th valid,
binding and sulmisitlng Indebtedness of aaid
city and wa of a character authorised by
the constitution and laws of aid tat and
the charier of aaid city to be funded ; that
the indebtedness of the city I not increased
by the issue hereof ; that the total indebted
ness of said city, including tht bond, doe
not exceed any constitutional, statutory or
charter limitation ; and that due provision
ha been made for the levy, assessment and
collection of a direct annual ad valorem tax
on all nf the taxable property of the city,
in addition to all other taxes, to creat a
fund sufficient to pay the lntereat accruing
upon thi bond promptly when and as the
same become due and to establish a fnling
fund with which to dlscharg theprincipui
hereof ut maturity.
The faith, credit and all of the taxable
property of said city are hereby irrevocably
pledged for the punctual payment of the
Interest and the redemption of the principal
of this bond, respectively, a thn same be
come due nnd are payable iui aforesaid.
IN TESTIMONY WHEREOF, Th City of
Prinevlll, Crook County, Oregon, by Its
common council, ha caused this bond to be
signi-d by the mayor, attested by the re
corder, and sealed with the corporate seal of
Maid city, and the attached intereat coupon
to be si gned with the en g raved f acs i m i te
signature of it said officers, the first day
of November, A. D. 1916.
D. F. STEWART
(SEAL) Mayor
Attest:
GEO. F. EUSTON,
Recorder.
(Form of. Coupon)
No 180.00
On May 1,
November 1, A. D. 19
The City of Prineville, Crook County, Ore
gon, for value received promise to pay to
the hearer hereof the sum of Thirty dollar
in lawful money of the United States of
America, at the Fiscal Agency of the state
of Oregon, in the city and state of New
York, U. S. A., being six months' interest
then due on its funding bond, dated No
vember 1, A. D. 1U16, No
Muyor.
Recorder.
Section 3. That each of Bald bonds shall
be signed by the mayor and attested by the
recorder and seated with the corporate seal,
respectively, of said city, which seal ahull
be impressed thereon, and each of the in
terest coupons to be attached to each of said
bond shall be signed by the en w raved fac
simile signatures of said officers ; that the
officers of said city in this section mentioned
are hp ruby authorized, ordered and directed
to cause said bonds and coupons tn be pre
pared substantially In the forms, respectively,
hereinabove set forth and to execute the
f same for and In behalf of said city a and
in the manner aforesaid, and with the city
treasurer cause the bonds to be delivered
without undue or unnecessary delay to
Kceler Brothers, of Denver. Colorado, the
lawful purchasers of the same, upon pay
ment being made to said treasurer of the
agreed purchaae price therefor; that said
treasurer shall hold the proceed of the sale
of said bonds In a separate fund subject to
the order of the common council of said
city to be used exclusively for the purpose of
funding and paying a like amount in the
outstanding, due and unpaid warrant in-
tlehtcdn Of ld flly heretofore lnrurr-1
for the mnslrih ltR f railroad by
pity, but th purchaser nf aaid bond, or af
subsequent bolder slwll " m.w.s
ponaihle tor in appt
uf lit sal of saltl ttonil ujr ne '
urer, common eoumtl or any of th ortirer
of said city l and when ahl bonds, ur any
part thereof, shall have brell delivered U
said purchaser, they shall thereafter W In.
contestable and neither the legality of a4
bond nor any or th In.lebietli es inerew,
r...ii .hM h ooen to conteat by any I"
son or persons, eorpuralkm or corporation.,
or by the city, for any reason ur reawt
whatever, .. .
Section 4. The inter! iamn e
id bonds an May 1st and Nvmber lt.
A. D. I HIT, shall he and tn same nr-
orderw! anproprlnted and paid by th rlty
treasurer from the general fund or out ir
any moneys In hi hand belonging to td
city, and for lh puroo of lepaylng the
amount or amounts o borrowed mid ! to
treat a fund sitiflcient to pay e
accruing on said bonds subsequent t No
vember I, A. D. 1I7, promptly when and
as tli same becomr du and to establish a
sinking fund with which lo di-haree lh
prinritwl thereof at maturity, there shall b
and ther ui hereby levied upon all of the
UHhle properly of said city, in addition l
all other lases. In each of the year DM, to
IU4, Inclusive, a direct annual ad valorem
lax suhVirnt to ureal and maintain a fund
to pay said Interest and principal as th
same become du and payable, a folluwst
In the year lull a direct annual ad
valorem la sufficient to pnalur th net
sum uf $12, mm, being for tiileri-
ln each of lh yam DIH to iMSft, lnrlu
Ive, a dlrw l annual ad valorem tax suhViehl
to produe lh net aunt uf fe.u. being for
Interest. , .
tn each of lh ymm I w:i to ItUft, Irw
elusive, a direct annual ad valorem lax u
IVIrnt to produce In each of said year the
sum for principal and Interval, a Ml;
YEAR PHINt IPAI. INTFMKHT
lit iiu.ooo O.OVJ
lw7 lu.ooo MU
Di:i lu.ooo
Utt lO.IHHt 4.2W
imo tu.ooo a.vu
1H41 lO.UOt) .tKi
I ma lo.uuo 8.w
HUS lU.IMMl M
1V44 Iu.PhO I.vU
U4ft 10,000 tHW
and said lax, when coUerled, thai! b turned
over lo and by th rlly treasurer kept in a
separate fund to b known a and deal, s
nated "Funding Honda, daled November I,
IVIa, bond Interval and lnklng fund' ,
which hall be Irrevocably pledged to and
used solely fur th par men I of lh Inlereet
on and principal uf lh ld bond hereby
authorised whn due, au long a any of aaid
buml or lh Interval coupon thereto ap
pertaining remain outstanding and unpaid;
and for greater certainly, lh common coun
ell of said city shall In . h '
1 V 1 7 lo HHft, Inclusive, Include the bond tat
hereinabove levied for uch year In th an
nual tlmat for aaid city lor such year
and said bond tax ahalt in each of aaid
year at th lawful time and by th aatd
common council and th omrer of aaid elty,
b duly certified to th county onVer having
tn do wilh th extending uf th taxea upon
th taa rolls, and It shall n in uuiy or
th proper county and city ofhcra, and thy
are hereby required annually at lh time
and In lh manner provided by law for th
levying and collecting of other lanes, to
ratify and carry out th provision of tht
ordinance, with reference to the levying and
collecting of taxea. and requiring lb onVer
of and for ald county U levy, extend and
nolled such tax In th maner provided by
law, for th purpoa of creating a fund for
lh payment of the Interest upon and th
principal of lh aaid bond hereby author
ised; and th said laxe. when au collected
shall be turned over to and by th rlty
treasurer kept for and applied only to the
payment of aaid Interest and principal of
said bond as heretnaUtv spMttleil, but
nothing herein contained shall b so tn
strued as to prevent saul rlty from applying
any fund that may b In the trraaury and
available for that pu pua to the payment of
aid interest or principal a the same re
spectively mature, and the levy or Uvtea
hereinnljov provided fr may thereupon t
that eitent be diminished, and upon pay
ment uf th principal of any of the bontl
Issued hereunder In said manner, or by lb
uxe of th sinking fund herein provided for,
th levy or levies herein provided for th
nay
ymeut of Inlet-eat may to tha extent ui tn
Interest on the bond an paid be diminished.
Section ft. That on th ISth day of April
and October, respectively, in each year, o
long as any of lh interest coupon apper
taining to t he bond hereby authorised lo b
issued remain outstanding and unpaid, lh
city treasurer shall and he, I hereby author
lied, o mi red and directed, a and in th
manner designated by chapter 46, general
law of Oregon rf DM, lo remit out of any
money in hi hand belonging to ald ctty,
in the fnrm of eheck or draft payable In
New York City. U. S. A., to th Fiscal
Agency of the state of Oregon In said city
of New York, a sum authvlent to pay th
semi-annual Interest accruing on said bond
on the first day uf May and November, re
spectively. In each year, and any and all
escrow charge mad by said Fiscal Agency
i for handling aid coupons: and on th With
day of October In each of the year A. D.
lli.lfl to A. 1). MMtl, Inclusive, th aatd city
treasurer shall and h Is hereby authorised,
ordered and directed, a and in the manner
provided by chapter 4ft nfo enaid, out of th
sinking fund created und r the provision of
thi ordinance, to remit by check or draft
payahl in New York, to said Fistal Agency,
a sum sufficient to pay the principal amount
of all of th said bonds a may then h out
Ntandiiig, due and unpaid toy ft her with all
accrued lntereat thereon, and any and all
earrow charges made by said Fiscal Agency
for handling the same.
Section 0. That the aale and award of th
bonds of said city hereintirfnr mentioned
made by the mayor and common council of
said city, upon the best term and at tht
lowest rat of lntereat at which bond can
be sold, namely at six I HI per cent Interest
per annum, to Heeler II rot her, of Denver,
Colorado, the highust and best bidders there
for, be and the same I hereby ratified, ap
proved and confirmed.
Section 7. That the mayor, the treasu rer
and recorder, resftectively, of said city, all,
any or either of them are hereby authorized,
ordered and directed to furnish the aforesaid
purchaser of aid bonds, with a romplct
certified copy of the charter of said city
showing all amendment heretofore mad
thereto, and with such certificates, tran
sc ri i j Is or ot her doc u men ts a will fully
evidence the proceedings had preliminary to
the issuance of said bond and the indebted
ness to be funded and paid thereby, tha
regularity and sufficiency thereof, and th
acts of any one or all of said olfiicrs in th
premise are hereby authorised, ratified, ap
proved and confirmed.
Section fi. That U be and is hereby certi
fied, recited and warranted that all condi
tions, acta, and things ncccr.Hnry and essen
tial to the validity of the bond hereinbefore
and hereinabove mentioned and the Indebted
ness of the city to be funded and paid there
by, and required by law to be done, havg
been fully do n and po r f o rmed.
Section 0, That the provisions of this or
dinance and each of the bonds and each of
the Interest coupons Issued pursuant thereto,
shall constitute and the same are hereby de
clared to be a binding and Irrevocable con
tract between anid city and the purchasers
of said lionds nnd the holder from time to
time of curb of suid bonds and the Interest
couiHins thereto appertaining.
Section ll). That nil resolutions, ordin
ances or orders in .conllict with the provis
ions hereof, bo nnd the same are hereby re
pented, rescinded and annulled.
Section 11. That this ordinance being for
the pur pone of currying into etloct the ob
jects authorized and ordered by a majority
vote of the qualified elector of said city as
expressed at the special election held therein
on September IV, A. D. 11! It!, for the pur
pose of amending the charter of the city,
more particularly by amending Subdivision
68 of Section 26 of Chapter 6 of said char
ter, is necessary for the immediate preserva
tion of the peace, health and safely of th
city and un emergency exists 'and the sum
shall therefore be In full force and effect
from and after Its passage and approval and
shall not be subject to the referendum.
Section 12. That thi. ordinance shall b
forever trrepcaluble until the indebtedness
thereby funded both as to principal and in
terest, shall have been fully paid, satisfied
and discharged.
Approved this 20th day of January,. A.
D. 1917.
D. P. STEWART
Mayor of the City of Prineville,
(SEAL) of Crook County, Oregon.
Attest:
0KO. F. EUSTON,
Recorder of the City of Prineville,
Crook County, Oreiton.
11 Wo