1950 (#1282-1316) - Laserfiche WebLink

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said indebtedness is to be incurred and bonds issued there- for is as follows: The acquisition and constructiou by the City of Santa Aha of a certain municipal improvement, to wit: additions to and improvements of the fire- fighting facilities of the Cit~ of Santa Aha, said additions and improvements to consist of two fire stations, a training station, fire apparatus, and additions to the fire alarm system and the recon- struction of parts of such system, including the acquisition of all land, property, equipment~ and furnishings necessary for said improvement. Section 3- That the estimated coat of the municipal improvement described in Section 2 hereof is the sum of $475,000°00, and that the amount of the principal of the in- debtedness to be incurred therefor is the sum of $~?~,000.00. That the maximum rate of interest to be paid on said indebtedness shall not exceed four per cent (4%) per aun~m, payable semiannually. That if the proposition for the incurring of bonded indebtedness so submitted receives the requisite number of votes, to wit, two-thirds of the votes of the qualified elec- tors voting at said election, bonds of said City, in not ex- ceeding the principal amount stated in such proposition, shall be issued and sold for the object and purpose set forth in said proposition. Section 4. That the polls for said election shall be opened at seven o'clock, A.M., of the day of said election and shall remain open continuously from said time until seven