The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1909-07-17
ORDINANCE NO. 12S.

AN ORDINANCE TO PROVIDE FOR
THE ISSUE AND SELLING OF
G G2TPoN OF Boe eRSDwE GE i TaE
HO, IN THE SUM OF TEN THOUS-
AND DOLLARS FOR THE PUR-
POSE OF FUNDING THE OUTSAND-
ING WARRANT Ut, INDEBTERMESSs
AS PROVIDED IN ORDINANCE NO.
125 AND TO PROVIDE FOR THE
PAYMENT OF SAID BONDS AND
BE IT ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
CALDWELL:
funding the outstanding. warrant in
debtedness of the City of Caldwell, as
appears by ordinance No. 125, there
shall be issued coupon bonds of said
lars ($10,000.00.)
Section 2. Said bonds shall be issued
in the denominations of one thousand
dollars each, numbered consecutively,
and shall bear interest at the rate OF
five per cent per annum, payable SEMI
annually on the first day of January
and the first day of July of each year,
evidenced by coupons attached to such
bonds, both principal and interest to
be made payable in lawful money of
interest payable at the option of the
holder of any such bonds, at the office
Of the city treasurer of the City of
tional bank of New York, in the city
and state of New York, which bank is
principal of said bonds shall be paid
at the office of the city treasurer of the
said City Of Caldwell, Idaho twenty
years after the date thereof. but may
City of Caldwell after the expiration
4 of ten years from the date of the is
suing thereof and each bond must be
Ep6HnmRd nf ffo
Section g. Such bonds shall be sign
I'd by the Mayor and attested by the
city Clerk and bear the seal Of the city
and be countersigned by the city treas
urer and each coupon shall have a num-
Der corresponding to the number of the
bond to which 1t is attached Each bond
snail state upon its face the amount for
which 1t Is issued, the date of issue and
shall be made payable to. .........
8the purchaser, thereby or bearer.
issued in conformity with the provis-
| ions OF Chapter IL, Title 10, Political
Code, Revised Statutes of the state Of
Section 4. Said bonds shall be SUBJ
stantially in the following form:
q, ANNA BOND NO..
UNITED STATES OF AM ER'iCXS'V
STATE OF IDAHO, COUNTY OF
CANYON.
The City of Caldwell per cent
KNOW ALL MEN BY THESE PRES
ENTS; That the City. of Caldwell, a
Gf in the county
knowledges itself to be Indebted. and
Tor value received, promises to pay to
the sum of ONE THoU IS Sg5r 6oI here Of
| Sl,OOO.O0) lawful money of the United
states Of America on the first day Of
| July, 1923, or at any time after the first
day Of July, 1919 at the pleasure Of
| the city OF Caldwell, in it's numerical
order, at the office of the city treas
urer OF the City of Caldwell, Idaho.
with interest thereon at the rate Of
| ilVe per cent per annum from the date
hereof payable semi-annually on the
| first day of January and July OF each
year at the office Of the city treasurer
Sbs sae N My Oh caldwell Idaho, or at the
ana state OF New York, upon the pre-
sentatlon and surrender of the interest
aIYp becn hereto to- annoyed as they sever
au series OF ten 10) municipal bonds In
IKE tenor and date, numbered conse-
cutively from one to ten Inclusive,
QO) which the Mayor and Council Of
| the city of Caldwell have issued linder
and and by virtue of and in conformity
Title 10, Political Code, Revised Stat,es
| OF the state of Idaho, and under and IN
accordance with the ordinances Of the
M May Gn and Council of til Id city
-, And 1t is hereby certified ava recited
that acts. conditions. and things re-
| aulred precedent to and in the Issue Of
TINS bond have been done and nar-
FORMED In regular and due form as Tre
sscrlDed py law, and that all acts, mo-
tees, publications, resolutions records
orders, conditions and things re0uired
| proper or necessary to be done naasad
OF entered, given or made, precedent 20
or In the issuing of this series of bonds
nave Deen duly, properly and regularly
uone ana performed as required by law:
and that this bond and this series 81
bonds are issued for the PURPOSE ~ ~
FUNDING the present outstanding war.
rant Indebtedness OF the City OF CaId-
Wen, Idaho, as appears by ordinanco
NO i25; and II Is further Certified thai
the total Indebtedness of the said civ
or Caldwell including this bond and
series or bonds. does not exceed the
sta lutory or constitutional limitatIons
and that before the issue of this bond
and this series OF bonds, provision has
been made In fun conformity with Az
constitution and the laws OF the stato
OF idaho, Tor the collection of an an
tax sufficient to pay the Interest
,9n as II falls due, and also 10
~Slde a sinking fund on and after
the year 1909 for the payment Of the
principal hereof within twenty wears
from the time Of contracting this in.
debtedness evidenced hereby, and for
the punctual payment Of the prIncinal
ana interest of said municipal bonds
aI the taxable property within the
said CITY OF Caldwell. and the faith
and credit of the said City OF Cald-
wei are hereby irrevocably pledged.
This bond shall not become obliga-
tory until the certificate OF registration
endorsed thereon is duly signed by the
City Clerk Of the City Of Caldwell.