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About Crook County journal. (Prineville, Or.) 189?-1921 | View Entire Issue (Feb. 1, 1917)
FEBRUARY 1, 1917 PAGE 6 CROOK COUNTY JOURNAL THE FORD COMPANY ANNOUNCES TTfThat on account of shortage ( of materials until further no VL tice cars will be shipped il nnlv 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 Heading 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 WURZWEILER. Vice Pre. T. M. BALDWIN, Cashier H. BALDWIN. Asst. Cashier . E. R. MORRIS.' Asst. .Cashier W. J. HUGHES Harness and Saddlery Goods, Horse Blankets, Saddle Blankets, Bits, Spurs, Robes, Whips, Harness and Saddles, Oils and Axle Grease. All work neatly and promptly done and guaranteed Saddles Made to Order a Specialty prinfvii i f nRFr.niM " Why Not Trade at Home? Let us figure with you on anything you want in the line of Furniture, Wall Paper, Paints, Oils Glass, Building Materials, Doors and Windows The only Licensed Undertakers ip Prineville ALL GOODS STRICTLY CASH LIPPMAN & .The Journal has the largest circulation of any county paper Tonics Needed Dealer in COMPANY XOTICK UK PKTITION TO K (M DK KKT.I I.AMW MtOM THK (H'lHNt) IKUUi VnON 11S TKHT, WW TO HAMiN THK 1UH M. HIKH OK MAIN 1IH TKUT. Notice la heroby nlvpn that l.Unlo VamWrpool ami lita Cunt rill have filed In the otltre of the Soorotury of the Ochoco IrrtttntUm Ulntrlrt thrlr pot It ton praying Hint the followliiK dosrrlhotl laittU bt'lonKiUR to the potlUom-ra ami situate within the said Irrigation dUtrivt and propoaed to be Irrigated by mi id Irrigation district and by tta system of irriga tion to-wit: The South half of the Northeast Quarter and the North half of the Southeast Quarter or Section Twenty-Six Township Fourteen South, Range Klften Kaat of the Wlllaiu ette Meridian in Crook County, State of Oregon, be excluded and taken from said district, and the boundaries of said district be changed so as to exclude said lands of the petitioners, for the reaaon 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 a flee ted by such change of the boundaries of said district, to ap pear at the oflice of the Hoard of Directors of said district. In the Adamson Building, In the city of Prineville, 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 show cause, in writing, if any they have, why the change of the boundaries of said district, as proposed In said petition, should not be made. And you are further notified that if you fall to so appear and show cause, in writing, why the tractB of land described tn said petition should not be excluded from said 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. L. SCHEJ3, Secretary of the Board of ' . Directors of the Ochoco Irrigation District, Crook 10t3c County, State of Oregon. Now turn to the classified ads on page 3 NOTICB OF SHERIFF'S BALE By virtu of an execution, judgment, de cree and order of sale touted out of the Cir cuit Court of the State of Oregon for the County of Crook, dated the 26th day or Oe cember, 1916, in a certain suit in Mid court, wherein G. Orio Jefferson, plaintiff, recover ed a judgment and decree against Charles W. Embody, Florence Km body, Oregon Cen tral Improvement Company, a corporation of Washington, and the County of Crook, de fendants therein, that the property herein after described be sold to satisfy the sura of Three thousand dollars (13000.00) with in terest thereon at eight ptr cent ( per an num from the 23rd day of September, HM4; the iura of Seventy -seven 4 itmoo dollars (I7T.7K) with interest thereon at ten per cent (101 per annum from the 27th day of May, 1916; the sum of One hundred twenty five 44-100 dollars (1125.44) ; the sum of One hundred seven A 7 6-1 00 dollars ($107.T6i ; the sum of Eighty (tt-loo dol lars (Sso.ttf) the sura of Three hundred dol lars ($300.00) and the further sum of Twenty-one A 60-100 dollars (121. 60t, costs and disbursements, and accruing costs, notice la hereby given that 1 will on Saturday the 24th day of February, 1917, t 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 right, 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 : All of Section 16, in Township 22 South of Range 21 East 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. KOWELL, llt.Se Deputy. ORDINANCE NO. 246 An ordinance authorising the issuance, ex ecution and delivery to the purchasers of One Hundred Thousand Dollars ($100,000) Negotiable Warrants of the City of Prine ville, Crook County, Oregon, for the purpose of borrowing money with which to build and equip a railroad 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 upon 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 princiiial 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 and ft is here by ascertained, determined and declared that the City of Prineville, Crook County, Oregon, has a population of more than one thousand persons and is authorised and empowered by Subdivision 68 of Section 26 of Chapter 6 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 inhabitants thereof and for profit, and that the common council deems it advisable and to the best Interests 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 sum of One Hundred Thousand Dollars ($100,000), bearing interest from their date until paid at the rate of six i per centum per annum, payable semi-annually. Section 3. That each of said warrants, except as to their number, amount and name of payee, re)ectively, 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 16,000 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 58 of Section 25 of Chapter 6 of the charter of Baid city and an ordinance duly adopted by the common council thereof prior to the is suance of this warrant, and It fa hereby eertined. wotted and warranted that all ihinM. acta and conditions required by the constitution and laws of the state of Oregon and the charter ant people oi said city iu exist and to happen and be dime and per formed precedent to and In the issuance of this warrant, in order to constitute the same the valid and binding obligation of aid city, do exist and have happened and been done and performed In regular and due form and time; that the total Indebtedness of aaid city, including this warrant, does hot exceed any constitutional, statutory or char ter limitation; and that due provision has been made fur the levy, aseeeetnent and col lection of a direct annual ad valorem tax all of the taxable proiwrty of the city, in addition to all other taxes, sufficient to create fund to pay the interest accruing on this warrant and to discharge the prin cipal hereof in TKST1MONY WIIKKKOK. The City of Prineville, Crook County, Oregon, by Its common council, Has caused this warrant to be signed by the mayor, attested by the recorder and scaled with the corporate seal of said city, this Xuth day of January, A U m" D. K 8TKWART 8KALl Mayor Atteatt tiKO. r. EUSTON, Recorder, Section 4. That each of said warrants shall be signed by the mayor and atteated by the recorder and sealed with the corporate seal, respectively, of said city, which seal hull be impressed th eon ; and that the om cera of said city in this section mentioned are hereby authorised, ordered and direrted to cause said a rants 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 s fore said, and cause the warrants to be delivered without undue or unnecvasary delay to Fred ( I kn n Jt Co.. the lawful purchasers of the same, upon payment being made to said treasurer ui me aaiww iivnimi ynw for: that said treasurer shall hold the pro ceeds of the sale of said warrants In a set arate fund subject to the order of the com mon council of said city to be used exrlusive ly for the purpose of building and equipping a railroad within and without the boundaries of the city for the bene ft t and use of the in habitants thereof and for profit, but the pur chaser of said warrants, or any subsequent holder shall be In nowise responsible for the application of the proceeds of the sale of said warrants by the said treasurer, common council or any of the officers of said city ; and when said ws rants, or any part thereof, shall have been delivered to said purchaser they shall thereafter be Incontestable and their legality shal not be open to contest by any person or persons, corporation or cor pora lions, or by the city, for any reason or reasons whatever. Section ft. The Interest falling due on said warrants semi-annually, shall be and the same is hereby ordered appropriated and paid by the city treasurer from the general fund, and for the purpose of reimbursing and supplying said fund wtth money sufficient to pay the Interest accruing on said warrants and to discharge the principal thereof, there shall be and there is hereby levied upon all of the taxable property of said city, In ad dition to all other taxes, in each of the years 1917 to ltttZ, inclusive, a direct an nual ad valorem tax sufficient to create and maintain a fund to pay said Interest and principal on or before six years from the date of said warrants ; and said tax, when collected, shall be turned over to and by the eity treasurer kepi in a general fund and shall be used solely for the payment of the interest on and principal of the said war rants hereby authorised, so long as any of said warrants or the interest thereon re main outstanding and unpaid; and for great er certainty, the common council of said city shall in earh of said years 1I7 to lU-i, inclusive, include the warrant tax herein above levied for such year in the annual estimate for said eity for such year and said warrant tax shall In each of said years at the lawful time and by the said common counril and the officers of said city, be duly certified to the officers having to do the ex tending upon the tax mil and the collection of the same, and it shall be the duty of said oft! era, and they are hereby required annually at the time and In the manner providi-d by law for the levy and collecting of other taxes, to ratify and carry out the provisions of this ordinance, with reference to the levying and collecting of the taxes herein provided, for the purpose of creating a fund for the payment of the Interest upon and the principal of the said warrants here by authorised ; and the 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 warrants as hereinabove specified, but nothing herein contained shall be so construed as to prevent aatd city from ap plying any funds 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 warrants issued hereunder in said manner. or by the use of the moneys herein provided for, the levy or levies herein provided for the payment of Interest may to the extent of the interest on the warrants so paid be diminished. Section 6. That semi-annually from the date of said ws rants, so long as any of the said warrants hereby authorised to be issued remain outstanding and unpaid, the cily treasurer shall and he is hereby authorised, ordered and directed to pay the Interest due on said warrants at the rate of six (6) per centum per annum upon the principal of said warrants to said treasurer; and as soon aa 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 tice of his intention to pay one or more of said warrants, according to the amount of funds In his hands, sajd warrants to be paid in numerical order. The said notice shall designate the time of payment and the num ber or numbers of the warrant or warrants to be naid and shall be published for three successive weeks prior to the date of said payment, the first publication to be not less than thirty days prior to aatd date of pay ment. Section 7. That the sale and award of the wa runts 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 warrants can be sold, namely at six (6 per cent interest per an urn, to Fred Glenn & Co.. the highest and best bidders therefor. be and the same is hereby ratified, approved and confirmed. Section 8. That the mayor, the treasurer and the recorder, respectively, of said city, ail, any or either of them are hereby authorised, ordered and directed to furnish the aforesaid purchaser of said warrants. with a complete certified copy of the charter of said city showing all amendments hereto fore made thereto, and with such certificate. transcripts or other documents as will fully evidence the proceedings had preliminary to the issuance ot said warrants, the regularity and sufficiency thereof, and the acts of any one or all of said officers in the premises are hereby authorized, ratified, approved and confirmed. Section 9. That It be and Is hereby cer tified, recited and warranted that all condi tions, acts and th ings n ecessa ry and essen tial to the validity of the warrants herein before and hereinabove mentioned and re- qui red by law to be done, have been f ui 1 y done and performed. Section 10. That the provisions of this ordinance and each of the warrants, sliull constitute and the same arc hereby declared to be a binding and Irrevocable contract be tween said city and the purchasers of said warrants and the holder from time to time of each of said wu rants. Section 11. That all resolutions, ordin ances or orders in conflict with the pro visions hereof, be and the same are hereby repealed, rescinded and annulled. Section Vi. That this ordinance, being for th purpose of carrying into effect the objects authorised and ordered by a ma jority vote of the qualified electors of said city as expressed at the special election held therein on the 11th day of September, A. D. 1116, for the purpose of amending the charter of the city, more particularly by amending Subdivision 68 of Section !i& of Chapter 6 of said charter, is necesrary 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 aprovul and shall not be subject to the referendum. Section lit. That this ordinance shall be forever ir repeal able until the indebtedness hereby created, both as to principal and in terest, sball have been fully paid, satisfied and discharged. Approved this 20th day of January, A. 0. IH17. IV F. rVTKYY AHT Mayor of the City of Prineville, tHKAU Crook County, Oregon. Attest t tiF.0. F. KU8TON, Recorder of the City of Prineville, Crook County, Oregon. Wit OHIUNANt K NO, I4T An ordinance authorising the Issuance, ex ecution and delivery of One Hundred Thousand Ifnllers tlMMMxm), Negotiable Coupon Funding Honda of the City of 1'rihevlle, Crook County, Oregon, for the purpose of funding, paying and redeeming a like amount of the warrant indebtedness of said city outstanding, due or pnuald and heretofore Incurred for the roust ruction and equipment of a ra I In Mid ; prescribing the form of said bonds and fixing the details of the Issue, and providing for the levy, ae seasmettt and collection of a direct annual ad valorem Us upon all of the taxable property of said city, in addition to all other taxes, to create a fund sufficient to ay the litterets accruing on said bonds promptly when and as the same becomes due and to establUh a sinking fund with which U dis charge the princltial thereof at maturity i rviH-allng all ordinances or parts thereof in con Uirl herewith 1 and declaring an erner- TliV. I'r.Oi'l.K OF THK CITY OK WtlNK VI U.K. OltKtiON. HO OUDAIN. as follows: Her t ton 1. That fr the purpose of fund ing, paying and redeeming the warrant in deuttdiies of said city nw outstanding, due and unpaid and heretofore Incurred pur suant to the provisions of the charter and ordinances of said eity for the eonxt ruction of a railroad by said city, there shall be and there are hereby authorised, ordered and directed to be Issued and delivered to Heeler H rot hers, the lawful purchasers thereof from the common council, the negotiable funding bonds of said city to an amount equal to said outstanding warrant Indebtedness, ag gregating the principal sum of lioo.uou ; that said bonds shall be known as and des ignated "Funding llonds" shall be com prised of loo bonds numbered consecutively from I to loo. Inclusive, of the denomina tion of ll.oou each, shall bear date of No vember 1, A. 1). Isia, and become due and payable serially In equal annual amounts of flO.iMsH.OO earh, commencing on November I. A. U. lose: shall bear Interest from their date until paid at the rate uf sis id) per centum per annum, payable semi-annually on the first days of May and November re spectively, in each year, which Installments of interest to date of maturity uf principal shall be evidenced by appropriate coupons attached to earh bond; and both the princ ipal thereof and the Interest thereon shall be iayable in lawful money uf the United States of America, at the Oregon Fiscal Agency. In the city and state of New Turk, LI. 8. A. Section 1 That each of said bonds and each of the Interest coupons to be thereto a tta bed shall be in substantially the follow ing forms, respectively, tn-witt (form of Bond! UNITED 8TATKS OF AMKRtCA 8TATK OF OKKOON COUNTY OF CROOK CITY OF PKINKVILLK NO 11,000 Funding Hone KNOW ALL MKN HY THK8K PRES ENTS, That the City of Prineville, Crook County. Oregon, acknowledges Itself to owe and for value received hereby promisee to pay to the bearer hereof the principal sum uf One Thousand Dollars on November I, A. p. 1 , together with interest on said sum from the date hereof until paid at the rate of sis per centum per annum, pay able semi-annually on the first days of May and November, respectively, In each year, as evidenced by and upon the presentation and surrender of the Interest coupons hereto attached as they severally become due; and both the said principal and interest are hereby made payable in lawful money of the V nited Stales of A merir. at the Fiscal Agency of the state of Oregon, In the cily and state of New York. U. 8. A. This bond is issued by said city for the purt"e of funding, paying an dredeemlng a like amount of Ha valid and Ugal out standing warrant Indebtedness heretofore in curred under, by virtue of and In all re spects In full and strut compliance with the constitution and laws of the state of Oregon and the charter of said city, and In par ticular Subdivision AH uf Section 2U uf Chap ter ft of said charter adopted by a vote of the qualified electors of said city on the tlth day of September, A. 0. I Wis, and an ordinance of said city duly adopted by the common council thereof prior to the issuance or this bond. And It is hereby certified, recited and warranted that said city has been for many years past and ia now a body politic and corporate and a municipal corporation duly organised, existing and operating aa a city under and by virtue of the constitution and general laws of the state, of Oregon and in particular an act of the legislative assembly thereof approved October t&, IHHO, and all supplementary and amendatory arts: that all things, acta and conditions required by the constitution and laws of the stale of Oregon and the charter and people of said city to exist and to happen and be done and nor. formed precedent to and in issuance of this bond. In order to constitute the same the valid and binding obligation of said city, do exist and have happened and been done and performed in regular and due form and time ; that the tndebtednras for the fund. ment and payment of which this bond Is issued was lawfully Incurred for lawful city purposes, and at the time It was In curred and at the time of Its fundment and payment hereby const luted the valid. binding and aubsisillng Indebtedness of said city and was of a character authorised by the constitution and laws of said state and the charter of said cily to be funded ; that the Indebtedness of the city is not increased by the issue hereof; that the total Indebted ness of said city, including this bond, does not exceed any constitutional, statutory or cnaner limitation ; and that due provision has been made for the levy, assessment and collection of a direct annual ad valorem lav on all of the taxable property of the city, in addition to all other taxes, to create a fund sufficient to pay the Interest aceimlnif upon this bond promptly when and as the same becomes tlua and to esltiblUh a sinking fund with which to discharge Hit-principal nereoi at 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, respcclividy, as the same be come due and are payable as a foresaid. IN TKSTIMONY WHKKEOF, The City of rnnevine, urooK County, ureuon. by it common council, has caused this bond to be signed by the mayor, attested by the re corder, and sealed with the coriwrute seal of said eity, and the attached mteri.t coujwms to be signed wtth the engraved facKirnili signatures of Its said officers, the first day oi November, A. V. lUltt, D, F. STEWART (SEAL) Mayor Attest: CJKO. F. EUSTON, Recorder. (Form of( Coupon) V No 130.00 On May 1, November 1, A. D. 19 The City of Prineville, Crook County, O gon, for vnlue received promises to pay to the bearer hereof the sum of Thirty dollars in lawful money of the United HUtes of America, at the Fiscal Agency of the stnte of Oregon, In the city and state of Nw York, V, 8. A., being six months' interest then due on its funding bond, dated No vember 1, A. D. lit IB, No Muyor, Recorder. Section 8. That euch of said bonds shall be signed by the mayor and attested by the recorder and sealed with the certiorate seal, respectively, of suid city, whlsji seal shall be impressed thereon, and each of the in terest coupons to be attached to each of said bonds shall be sinned by the engraved fac simile signature of suid officers ; that the officera of said city in this section mentioned are hereby authorized, ordered and directed to cause said bonds and coupons to be pre pared substantially In the forms, respectively. hereinabove set forth and to execute the same fur and in behalf of said city as and in the manner aforesaid, and with the city treasurer cause the bonds to be delivered without undue or unnecessary delay to Keeler Brothers, of Denver, Colorado, the lawful purchasers of the same, upon pay ment being made to said treasurer of the agreed purchase price therefor ; that aaid treasurer shall hold the proceeds 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 tn the outstanding, due and unpaid warrant in debtedness of aaid eity heretofore Imurred for the const rui tlon of a railroad by safes' elty. but the purchaser of said bonds, or hny Buheetiuent bolder shall be In nowise re sponsible for the application of the proceed uf the sale of said bonds by the said treas urer, common council or any uf the uflWera of said elty i and when said bmnU, or airy part theieof, sball have bern delivered said purchaser, they shall thereafter be la eontcatahle and neither the legality of aad bonds nor any uf the Indebtedness thervey funded shall be open to eontest by any per son or persona, corporation or corporation, or by the city, for any teeson or rvees -whatever, Section 4. The hi te rest falling due said bomb on May 1st and November fcet, A. t). ItflT, shall be and the same Is ber.br ordered appropriated and paid by the rely treasurer from the general fund ur out ef any moneys In his hands belonging to ad elty, and fur the purpose uf repaying the amount or amounts o borrowed and lo W create a fund suttuient to pay the tttterewt accruing on said bonds subsequent to No vember 1, A. 0. 117, promptly when end as the same becomes due and to etahltth a sinking fund with whirh to discharge the principal thvreof at maturity, there shall be and there is hereby levied upon all uf taw tasable property of said fllly. In addition be all other taxes. In each of the years HM7 u 1V4A, inclusive, a direct annual ad valorem tax sufficient to create and mstntain a fund to pay said Interest and principal aa the same become due and payable, as follows; In the year 1I7 a direct annual ad valorem tax sufficient to 'produce the ne sum uf IU.000, being for Iniervst. In earh of the years UMH to IMA, Inrius Ive, a direct annual ad valorem tax sufficient to produce the nt sura of ItJ.uiHi, being fer Interest. In each of the Years Ufa to l4ft. m elusive, a direct annual ad valorem tax suf ficient to produce in each ui said years ine urns for principal and Interest, as follows t Y r.AK I'HlNi'irAI inir.ur.rri Utt 1 1 II. 000 6, out I yH 7 lu.uito e.sut man lu.uue tH9 lU.Oufl 4.?v 1 1 41) lu.uou s.r.te li4U lo.tmo S.oue ItHV lu.OOO f,v4 I W4 lll.IMM) l.HUd 14 lo.ooo l.;vv una to.ooo euv and said tax, when collected, shall be turned over to and by the elty treasurer kept in a separate fund to be known as and Oesig nated "Funding Bonds, dated November 1, lvls. bund Interest and sinking fund , which shall be irrevocably pledged to and used solely for the payment uf the Interest on and principal of the aaid bonds hereby authorised when due, so long as any uf eetd bonds or the Interest coupons thereto ap pertaining remain outstanding and unpaid u and for gmiter certainty, the common coun cil of said rlty shall in each uf said year 117 to 1H4B. Inclusive, tnrlude the bond il hereinabove levied fur such year in the an nual estimate for aaid elty fur such year and said bund tax shall in each of said veera at the lawful time and by the aam common council and the officer of aaid eity, be duly certified to the county officers having to do wtth the extending uf the taxes upon the tat rolls, and it shall be the duty uf the proper county and elly officers, and they are hereby required annually at the time and In the manner provided by law for tba levying and collet ting of other taxes, l ratify and carry out the pmvtskna uf thu ordinance, with reference to the levying and) collecting or taxes, and requiring the omeera of and for said county to levy, extend and collect such taxes In the maner provided by law, for the purpose of creating a fund for the payment uf the interest uiam and Dm principal of the said bonds hereby author, ised ; and the said taxes, when so collet led shall be turned ever to and by the city treasurer kept for and applied only to the payment "f said Interest and principal ef said bonds as hereinabove specified, but nothing herein contained shall be so ton at rued as to prevent said city from applying any funds that may be in the treasury and available for that purpose to the payment of said interest or principal as the same re spectively mature, and the levy or levlea hereinabove provided for may thereupon te that extent be diminished, and upon pay ment uf the principal of any uf the bonde issued hereunder lb said manner, or by the use of tiit sinking fund herein provided fnr, the levy or levies herein provided for the payment of Interest may to the extent of th Inlervet on the bonds so paid be diminished. Section ft. That on the Hah days of April and October, respectively. In each year, aa long as any of the Interest coutons apper taming to the bonds hereby authorised to be Issued remain outstanding and unpaid, the city treasurer shall and he Is hereby author ised, o red red and directed, as and in the manner designated by chapter 46, general laws of Oregon of Ivll, to remit out of any moneys In his hands belonging to said city. In the form of check or draft payable fro. New York City. U. 8. A., to the Fiscal Agency of the state of Oregon In aaid city of New York, a sum sufficient to pay the semi-annual interest accruing on said bonds on the first days of May and November, re spec lively, In each year, and any and all escrow charges made by said Fiscal Agenry for handling said coupons: and on the 1M day of OrtoWr In each of the years A, D. 1UU6 to A. O. 1h46, inrluslve, the aaid city treasurer shall and he is hereby authorised, ordered and directed, as and In the manner provided by chapter 40 efuievnid, out of the sinking fund created under the provisions of this ordinance, to remit by rhick or draft payable in New York, to said Fiscal Agency, a sum sufficient to pay the principal amount of all uf the said bomls as may then be out standing, due and unpaid together with all accrued Interest thereon, and any and all escrow charges made by said Fiscal Agency for handling the same. Meet ion ft. That the sale and award nf the bonds of said city hereinbefore mentioned made by the mayor and common council uf said city, upon the best terms and at the lowest rate uf interest at which bonds caa be sold, namely at six 44) per cent Interest per annum, to Keeler lirotnvrs, of Denver Colorado, the highest and best bidders there for, be and the same Is hereby ratified, ap proved and confirmed. v Section 7. That the mayor, the treasurer and recorder, re pee lively, of snid city, all any or either of them are hereby autliorlted, ordered and directed to furnish the aforesaid purchaser of snid bonds, with a complete certified copy of the charter of said city showing all amendments heretofore made thereto, and with such certificates, tran scripts or other documents as will fully evidence the proceedings had preliminary to the issuance of snid bonds and the indebted ness to be funded and paid thereby, the regularity and sufficiency thereof, and the acts of any one or all of said of I leers In the premises are hereby authorized, ratified, up proved and confirmed. Section 8. That It be and Is hereby certi fied, recited and warranted that all condi tions, acts, and things necessary and essen tial to the validity of the bonds hereinbefore and hereinabove mentioned and the indebted ness of the city to be funded and paid there by, and required by law to he done, have, been fully done and performed. Section 9, That the provisions of this or dinance and each of the bonds and each el the interest coupons issued pursuant thereto, shall constitute and the same are hereby de clared to be a binding and Irrevocable con tract between said city and the purchasers of said bonds and the holder from time ta time of each of said bonds and the Interest coupons thereto appertaining. Section 10. That nil resolutions, ordin ances or order In conflict with the provis ions hereof, be and the same are hereby re pealed, rescinded and annulled. Section 11. That this ordlnunce being for the purpose of carrying Into effect the ob jects authorised und ordered by a majority vote of the qualified electors of snid city aa expressed at the special election held therein on September 11, A. 0. IH16, for the pur pose of amending the charter of the city, more particularly by amending Subdivision 58 of Section lift of Chapter ft of said char ter, Is necessary for the immediate preserva tion of the peace, health and safety of th city and an emergency exiflts and the name shall therefore be in full force and elTeet from and after Its passage and approval and shall not be subject to the referendum. Section 12. That this ordinance shall be forever irrcpealable until the indebtedness thereby funded both as to principal and in terest, shall have been fully puid, 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 ; . GEO, P. EUSTON, Recorder of the City of Prineville, Crook County, Oregon. Ilt2e - -1 t