Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1909-10-14
ORDINANCE NO. 1855.
(By Rezac.J

OTs "HN dEC a. FayGlS iuGi GS
the Questions OF the Issuance Of
Municipal Coupon Bonds Of Ssid
City in the Total Amount OF Thirty
four Thousand Dollars (S34, 10000
for the Following Purposes to-"it:
Telve Thousand Dollars (S12, ,0Oo.Oo)
TO ProVice the Fun4s Necessary 70
Pay the Costs Assessed Againsu N
City OF Payette, for the Expenses
~ Al Improvements In the spaces
Formed BY the Junction of All
Streets ana All Necessary Street
ana Alley Crossings, FOR the Pur-
chase OF All Materials Necessary
for the Construction and mainten-
ance Of q sewer System in "LO-
cal Sewerage improvement Dis
triet No. /" Of the City of Pay
ette, Idaho: Twelve Thousand Dol
lars (S12,OO0.0oJ 10 Provide the
Funos Necessary 70 ray the. CosCs
of extending the Water mains and
the Water System Of the Said City
OF Fayette ana FOR Purchasing
Power Site for Pumping Purposes
AM me Power Necessary for Sucn
Pumping: Zen Thousand Dollars
(S1O,UJJ.OO) TO Provile for the
runoIns, Purchase and 7edeeming
Certain Created, Existing snc
Outstanding Indebtedness of the
City of Payette Amounting to the
Sum of Ten Thousand Dollars
SlO,Ooo.ooJ Due and Payable out
OF rne Roau runo, General FunI,
Salary Fun0 and Water WORKS
Fund of the Said City; and to Pro-
vide for the Collection or an Annu-
al Tax Upon All the Taxable Prop
ETY. within the City Of Payette, laa-
no, Sufficient to Pay the interest
on Such Bonds As it Falls Due and
TO create ana Constitute q Sink
ing Fund for the Payment of the
Principal Thereof Within Twenty
Years From the Time OF the is
suance OF the Same As They Be-
come Due.
Be it ordained by the Mayor and
,ouncil OF the City Of PayetJe, Ida
20:
Section l. That a special election /
f the qualified electors. who are tax
ayers thereof, of the City OF Pay /
tie, County OF Canyon, state of Ida /
20, shall be held therein on the 18th I
ay OF November, Il9O9, for the pur-
ose Of submitting to the said elect
rs the question Of the issuance OF, (
y said City, Municipal Coupon Bonds 4
4 denominations OF 500, $500 and |
1000 each, payable within twenty /
ears from the date of the issuance, |
at the pleasure OF the !
aid City at any. time after ten /
ears. bearing interest at a iraTe not
D exceed six per centum per ahnum,
interest payable semi-annually, in an
mount in the aggregate not TO ex-
eed the sum OF S34,O00.0O and TO /
rovide for the levy and collection /
t an annual tax upon all the taxable
roperty in the City of Payette suf-
eient to pay the interest upon said
onds as it falls due land to create
nd constitute a sinking fund for the
ayment at any time after ten years
( the principal Of said bonds as they
ecome due, for the following de-
cribed purposes, to-wit;
First. Municipal coupon bonds to
he amount of s12. 10000 to be des-
ynated as Sewer Bonds" to pro
ide the funds necessary TO pay the
ost assessed iagainst the City of
ayette, in Ordinance No. 154 Of
aid City, for the expenses Of all
in the spaces formed
y the junction Of all streets. and all
street and alley crossings.
Or the purchase of the materials for
aid improvements and for the con
tructiOn and maintenance OF a COM
lete sewer system in Local Sew
rage improvement District No, l"
T the City Of Payette, the boundaries
( which are minutely set forth in
ordinance No. I54 Of said City
'hich is hereby referred to and made
part hereof.
Second. Municipal Coupon Bond
D be known as Water Works Ex-
ansiou Bonds" to the amount Of
L. 10000 to provide the funds nee
ssary TO pay the cost and expen-
es of extending the water mains
nd water works system to parts Of
be City not yet supplied with city
'ater and to purchase a power site
nd location for a power house and
'ater power rights for the purpose
{ pumping water or any other pow
r and machinery that may be found
ecessary; for the purchase Of mater
als for said work and Improvements
nj the construction Of the same.