Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-10-28
ORDINANCE NO. ee7.

ORDINANCE NO. e67.
n ORDINANCE TO PROVIDE FOR
THE HOLDING OF A SPECIAL
ELECTION IN THE CITY OF
LEWISTON TO SUBMIT TO THE
QUALIFIED ELECTORS OF SAID
CITY. WHO ARE TAXPAYERS
THEREIN. THE QUESTION OF
AUTHORIZING THE ISSUANCE
OF NEGOTIABLE MUNICIPAL
COUPON BONDS OF SAID CITY
IN THE SUM OF TWENTY-FIVE
THOUSAND DOLLARS, PAYABLE
PRINCIPAL AND INTEREST IN
GOLD COIN. FOR THE PURPOSE
Or PAYING FIFTEEN PER CENT
OF THE COST OF A BITULITHIC
PAVEMENT AND SUBSURFACE
DRAINAGE SYSTEM (EXCLU-
SlvE OF THE COST OF THE
COMBINED CURBS AND GUT
TERS) TO BE CONSTRUCTED
IN PAVING DISTRICT NO. 1, AC-
CORDING TO THE PLANS AND
SPECIFICATIONS ADOPTED BY
PAVING DISTRICT NO. l, RESO-
LUTON NO. s. PASSED AND AP-
PROVED OCTOBER S, 1908.
AND NOW ON FILE IN THE OF
FlCE OF THE CITY CLERK;
FIXING THE NUMBER AND
AMOUNT OF BONDS TO BE IS
SUED AND THE MAXIMUM
RATE OF INTEREST TO BE
PAID: DESIGN THE PRO-
VISIONS TO BE MADE TO PAY
SUCH INTEREST AND TO CON-
STITUTE A SINKING FUND FOR
TUE PAYMENT OF THE PRIN-
ClPAL OF SUCH BONDS WITH
N TWENTY WARS FROM THE
ISSUANCE THEREOF: AND FIX
ING THE TIMES AND PLACES
rop TUE PAYMENT OF SUCH
INTEREST.
WHEREAS. Specifications. est,-
mates of cost. profiles, blue-pr Sats
md other documents for the con-
'truction OF Bitulithic Pavement
and subsurface Drainage Sys,em
we're submitted to and approved by
the Mayor and Council by Paving
District No. I. Resolution No. s,
upon the 9Th day OF October, 1908,
All OF which specifications and other
data are attached to said resolutiou
40 designated exhibits l to s, inc'u-
sive, and are now on file in the CITY
Clerks once;
AND WHEREAS The Mayor and
Council described the streets and
portions thereof to be paved and de-
clared their intention to issue mu
nicipal coupon bonds OF said city 4
pay fifteen per cent Of the cost o.
such pavement and subsurface drain
age system exclusive OF the cost o
the combined curbs and gutters) b!
Paving District No. 1, Resolution
No. s, passed and approved upon tn,
9Th day OF October. 1908. to which
resolution reference "a hereby made
AND WHEREAS. 1t appears from
the Financial statement submitte,
by the City Controller that the az
gregate assessed valuation OF all tn
assessed property within the sal
city according to the assessment rol
for he year 1908 is $4.458,394.63 an
Il fully and satisfactorily appear
from said statement that the issu
ance Of said bonds to the amour
herein contemplated will not caus
the said city in any year to excee'
the amount Of taxation limited b.
law:
AND WHEREAS. the constructor
Of said pavement and subsurfae
drainage system will be OF advantag
and benefit to the said city at large
and to the Inhabitants thereof and I
the taxpayers therein.
NOW THEREFORE,. THE CITY o.
LEWISTON DOES ORDAIN A
FOLLOWS:
Section /. That a special electio
shall be held in the City OF Lewis
ton upon the q day OF November
1908, at which election there sha
be submitted to the qualified electol
Of said city, who are taxpayer
therein, the question OF authorizin
the said City of Lewiston to issue II
negotiable municipal coupon bond
with semi-annual interest coupon
attached, payable principal and II
;erest in gold coin OF the preser
standard OF weight and fineness, II
terest payable upon the hrst day I
January and the i1rst day OF July,
the rate OF not exceeding Ave Is
per cent per annum; payable at II
once Of the City Treasurer OF sa
city or at The National Park ban
ir the city Of New York, N.
There shall be twenty-five OF sue
bonds, each in the sum Of One Tho
sand 10000 Dollars; such bonds
be issued in payment Of fifteen p'
cent Of the cost OF the Bitluith
1 M van.pt ond s,,f,urfaco drainal