The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1909-10-23
ORDINANCE I NO. I4s.

AN ORDINANCE
Selling OF CoUPoN BOMBS AS 81
THE CITY OF CALDWELL, IDAHO. IN
The sum OF SIXTY THOUSAND DOL.
ING TH HN COST sF A fNSbFR RRPE rs PA az
THE IMPROVEMENT IN LOCAL SEW.
ERAGE IMPROVEMENT DISTRICT
NO. 8" OF THE SAID CITY OF CALD-
NO; 30 OF SAID CITY, SPECIFYING
PROVISIONS, PRINCTTPAL AND FtS +;
SUAE E EEhs FoG OF sPEcfAIF o 4Ax AN
For THE PAYMENT OF THE INTER,
EST, AND TO CONSTITUTE A SINK.
ING FUND FOR THE PAYMENT OF
THE PRINCIPAL THEREOF.
BE it ordained by the Mayor and Council of
the City of Caldwell:
Section l: That coupon bonds Of the CITY of
SaIaWelI; Idaho, be issued in the sum OF
sixty Thousand Dollars for the purpose OF
paying the cost and expense of the improve,
mentS in Local Sewerage Improvement Dis.
triet No; s., of the City OF Caldwell, Idaho,
as provided Tor in Ordinance No I36 Of said
Section 2. That the bonds provided for in
Section, OF this Ordinance shall be Sixty
IN number and each of them shall be for the
near as practicable; they shall be known as
Special Assessment Sewerage Improvement
Bonds District No. j." Series Of 1910, and
shall be numbered consecutiyely from one ~
sixty. Each of said bonds shall bear interest
az the rate OF six per cent per annum, paw
able semi.annually on the first day Of .Tani,-
airy and the hrst day Of July of each year at
the Office of the treasurer Of the Civ Of Cald!
well or at the Chase National Bank Of New
YORK in the city and state OF New York AZ
the option of the holder of said counons
Both the principal and interest Of said bonds
shall be payable in United States gold coin.
One,hith OF the total amount of said bonds
shaII be paid six years after date one-fifth
seven s years after date, one-ffth eight years
one-6fth and last enstaIfment al mat;, rv
thereof, and each bond shall be redeemed In
the order in which it is numbered The
principal OF said bonds shall be paid at the
office OF the City Treasurer.
Section ). There shall be attached to each
OF said bonds semi-annual interest coupons
covering the interest expressed in the bonds.
rom the date OF issue until paid. Such bonds
ana coupons shall be signed by the Mayor
and attested by the City Clerk and each bond
SHAH have the seal Of the CITY affixed thereto
SAID coupons may in lieu Of being so signed
have printed thereon fac-simile OF the sigma
lures Of said officers; each bond shall state That
It IS issued in payment of the cost and expense
Of the Improvement made in Local Sewerage
Improvement District No. g." Each coupon.
shall have number corresponding 10 the
number OF the bond to which il Is attached
Zach bond shall state upon its face the
amount for which the same was issued date
d same and shall be made payable to
Section I. Each bond shall provide tbat
he principal named therein and the In.
crest thereon. shall be payable out Of the
ocal Improvement fund created for the nav
nent OF the cost and expense Of such i'm
movement and not otherwise.
Each bond shall further provide that; 'sthe
Older OF any such bond shall have no claim
therefore, against the said City OF Caldwell in |
ny event, except for the collection Of the
peeial assessment made, for the work OF i'm. |
royement for which said bond was issued. |
ut the remedy m case of non-payment shall
e confined TO the FufOFFaraauF Il /
essment." The words embraced within the
oregoing quotation marks shall be plainly
Titten, printed or engraved upon the face /
each bond so issued
Section s. Said bonds shall b c substantially
the following form
,,,,,r,,n BOND NO. .......,.
UNITED STATES OF AMERICA
STATE OP IDAHO
COUNTY OP CANYON
CITY OF CALDWELL
Special Assessment Sewerage Improvement