Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-10-27

SPECIFICATIONS ADOPTED BY
PAVING DISTRICT NO, 1. RESO-
LUTON NO. S. PASSED AND APP
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; DESIGNATING THE PRO
VISIONS TO BE MADE TO PAY
SUCH INTEREST AND TO CON
STlTUTE A SINKING FUND FOR
THE PAYMENT OF THE PRIN-
ClPAL OF SUCH BONDS WITH
IN TWENTY YEARS FROM THE
ISSUANCE THEREOF; AND FIN
ING THE TIMES AND PLACES
FOR THE PAYMENT OF SUCH
INTEREST.
WHEREAS, Specifications, est
mates of cost, profiles, blue-prvts
and other documents for the con
struction of Bitulithic Pavemen,
and subsurface Drainage Sys, en-
were submitted to and approved by
the Mayor and Council by Paving
District No. l. Resolution No. s.
upon the 9Th day OF October. 1908.
all OF which specifications and other
data are attached to said resolution
as designated exhibits 1 to s, inc'u-
sive. and are now on file in the City
Clerks Office;
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 to
pay fifteen per cent OF the cost Of
such pavement and subsurface drain
age system Exclusive OF the cost OF
the combined curbs and gutters) by
Paving District No. 1, Resolution
No 6. passed and approved upon the
9Th day OF October. 1903, to which
resolution reference "a hereby made
AND WHEREAS. 1t appears from
the Financial statement submitted
by the City Controller that the ag-
gregate assessed valuation Of all the
assessed property within the said
city according to the assessment roll
for the year 1908 fs 940.125.S7 and
itsfuiiy and satisfactorily appears
from said statement that the issu-
ance Of said bonds to the amount
herein contemplated will not cause
the said city In any year TO exceed
the amount OF taxation limited by
law; ~sgSgaN EFk4
AND WHEREAS. the construct ton
OF said pavenenf and subsurface
drainage system will be Of advantage
and benefit to the said city at large
and to the Inhabitants thereof and Ia
the taxpayers therein.
NOW THEREFORE,. THE CITY OF
LEWISTON DOES ORDAIN As
FOLLOWS:
Section /. That special election
shall be held in the City of Lewis
ton upon the q day OF November
1908, at which election there shall
be submitted to the qualified electors
Of said city. who are Taxpayers
therein. the question Of authorizing
the said City OF Lewiston to issue III
negotiable municipal coupon bonds
with Semi -aiinuai interest coupons
attached, payable principal and In
terest in gold coin OF the present
standard OF weight and fneness. in
terest payable upon the first day o.
January and the f1rst day OF July, a
the rate Of not exceeding five G.
per cent per annum; payable at tn
ONCE OF the City Treasurer OF SAT-
city or at the National Park banl
ir the city Of New York, N. =
There shall be twenty-five OF sucl
bonds. each in the sum Of One Thou
sand 10000 Dollars: such bonds t
be issued In payment OF fifteen pc
cent OF the cost OF the Bitluithi
pavement and subsurface drainag
system exclusive OF the cost OF CON
bined curbs and gutters) in PAWN
District No. 1 and shall be delivere
to the Contractor in part payment
. the cost of construction Of said pave
ment and subsurface drainage sy'
. tenn, or shall be sold to the highe'
bidder and the proceeds thereof use
exclusively for the purpose OF tn
city's proportion of the cost OF sue
Pavement and subsuT.ace drainae
system; and II, in the judgment
the Mayor and Council. it is deeme
advantageous to the city that sue
bonds be sold then the Mayor ar
Council shall cause the same to
7. advertised and offer the same for sa
IN the manner and form required
law. and in such reasonable time
they deem best, and shall do al
cause to be done any and all thin
ID required by law or deemed by the
Of advantage and benefit to the CT
end taxpayers and Inhabitants ther
" of. in relation to the issuance 81
!" sale of such bonds:
Sec. 2. That only TAI pxyerS