The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1904-02-10
Ordinance No. 90.

OF a Special EleCJlOn III tne OlJy Vi
Weiser, State of Idaho, for the Pur-
pose of Submitting to the Qualified
Electors, who are tax payers thereof,
the Questions of the Issuance of Mu-
nicipal coupon bonds OF said City IN the
total amount of Eight Thousand Two
Hundred Dollars (S8200 00) for the fol-
lowing Purposes, to-wit: S32OOOO TO
provide the funds necessary to pay the
cost assessed against the City OF
Weiser. for the expense of all improve
ments in spaces formed by the junction
of all streets and all necessary street
and alley crossings for the purchase OF
all materials and for the construction
and maintenance of sewerage system
in Local Sewerage improvement Dis
trict No. - of the City of Weiser;
$4,000 90 bonds to provide for the fund
ing, purchase aud redeeming certain
created, existing and outstanding in
debtedness of the City of Weiser
amounting to the sum of 100000 due
and payable out of the Water and
Light Fund of said City; and to pro
vide for the collection of an annual
tax upon all the taxable property with
in the City of Welser, Idaho, sufficient
TO pay the interest on such bonds as it
falls due and TO create and constitute a
sinking fund for the payment of the
principal thereof within 20 years from
the time of the issuance of the same as
they become due.
Be it Ordained by the Mayor and
Council of the City of Weiser.
SECTION L. That special election of
the qualified electors, who are tax payers
thereof, of the City of WeIser, State of
Idaho, shall be held therein on the 18th
day of February. 1904 for the purpose
Of submitting to the said electors the
questions of the issuance of by said City
of municipal coupon'bonds, in denomina-
tions of 800, $500, ard $1,000 each, pay
able within 20 years from the date of issu-
ance. redeemable at the pleasure of said
City at any time after the expiration of
10 years, bearing interest at rate not to
exceed six per centum per annum, interest
payable semi-annualy, in an amount in
the aggregate not 10 exceed the sum of
S8200.00, and to provide for the levy and
collection Of IN annual tax upon all the
taxable property in the City of Weiser
sufficient to pay the interest upon said
bonds as it falls due and to create and
constitute sinking fund for the pay
ment at any time after 10 years of the
principal of said bonds as they respective
ly become due, for the following des-
cribed purposes, to-wit:
st-Municipal coupon bonds to the
amount of $4,000 to be designated as
Sewer Bonds" to provide the funds
necessary to pay the cost assessed
against the City of Weiser, in Ordinance
No. 81 of said City, for the expense of all
improvements in spaces formed by the
junction of all streets, and all necessary
street and alley crossings for the pur-
chase OF all materials and for the con
struction and maintenance OF complete |
and necessary sewerage system in Local
Sewerage improvement District No. L"
of the Ct' of Welser, the boundaries of /
which district are minutely set forth in |
said Ordinance No. 81 of said City, which |
is hereby referred to and made a parl
hereof
Second-Municipal coupon bonds to be
known as Funding Bonds" to the |
amount of S5000.00 to provide for the |
funding, purchase and redeeming of the |
following created, existing and outstand- |
ing and unpaid Indebtedness of the CITY
Of Weiser, VIZ: Portland General Electric |
Co. for materials aud supplies, 5000 go; !!
Pacific Electric Co, for materials and
supplies, S672 80; Northwest Oil q Paint
Co, for oil, SAG so; freight on materials
aud supplies. $50 90; $50. 50 due e w. T
Cummings, consulting engineer of the
City of Weiser; $3445O0 balance due J
Q. White contractor, for materials fur
nished in and the construction of the
Water and Light system of the City of
Weiser making total amount due and
outstanding against said City of $4,000 90
ali of which sum was contracted during
one year last past is due and payable
out OF the Water and Light Fund of said
City, in which fund there are no moneys
with which to pay said Indebtedness
SAID bonds, or any of them if author
lied by the vote of the qualified electors
who are taxpayers thereof, shall be paw.
able 20 years from their date of issue. but
shall be redeemable at the pleasure of
Lhe said City of Weiser. at any time after
the expiration of 10 years from the date
81 said issuance, and each bond shall be
redeemed in the order 1t is numbered.
said bonds shall bear interest at rate
not TO exceed SIX per centum per annum.
interest payable semi-annually, and
shall in all respects comply in form and
ISSUANCE with the provisions of an Act of
me Legislature of Idaho entitled San
act to provide for the issue and sale of
municipal coupon bonds by incorporated
Jities and Towns; tor the application of
he funds derived from the sale thereof:
inf to provide for the payment of the |
principal and interest thereon" passed {
md approved at the 9th session of said |