The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1909-10-23
..ss........s.
Mayor of the City of Call
Civ clstT ii The CITY 81 Caldwell. Idaho.

City Clerk of the. City of Caldwell. Idaho
Section g. The Mayor and Council shall
give notice in the official newspaper pub
ishcd in said city, in four consecutive issues
thereof, of its intention to issue such bonds
and invite bidders therefor. Such bids must
be in terms of cash, and must be for not
less than par and accrued interest at the
time Of delivery of bonds. After ascertain.
ing the best terms upon and the best terms
at which such bonds can be negotiated the
mayor and council shall secure the proper
engraving or printing thereof, and shall
have them conseeutively numbered, from l
upward and otherwise properly prepared and
executed and they shall sell the same al
not less than their par value, net. and pay
the proceeds to the contractor as by law
and the ordinances Of the said City OF
Caldwell, provided.
pay the interest on the bonds authorized to
be issued under this ordinance out Of said
Local Sewerage Improvement District Ne. 3
fund. Whenever there shall be sufhcient
money in the aforesaid fund over and above
sufficient for the payment Of interest on the
unpaid bonds to pay the principal OF one OF
more bonds, the Treasurer shall call in and
pay such bonds: PROVIDED, that such
bonds shall be called in and paid in their
numerical order: PROVIDED FURTHER
that such call shall be made by publication
in the official newspaper Of the City of Cald-
we'll, in one issue thereof. on the day follow.
ing the delinquency of any instailment of the
assessment or as soon thereafter as practi'
cable, and shall state that Bonds No. .....
r
bonds caliedD will be paid on the day the
next interest coupons on said bonds shall
become due and interest on such bonds shall
cease on such. date.
Section g. There shall be levied and as
sessed and collected annually upon the lots
or parcels Of land liable for the cost and ex-
| nenee, of such improvements in said Local
Sewerage Improvement District No 3, a spe.
cial tax in addition to other taxes authorized
BY law which shall produce a sufficient sum
to pay the interest on said bonds each year
as Il becomes due; and also a sufficient sum
to produce the additional sum Of Twelve
thousand Dollars per year. on and after the
year lois, until such bonds shall be paid,
which shall constitute a sinking fund for the
payment Of the same.
Section Q. Be II further ordained that the
City of Caldwell hereby agrees to and with
the persons who are, or at any time may be
the holders of such bonds, or any Of the
coupons attached thereto, that It will pune.
ing 70 the terms thereof and the said City
OF, Caldwell will at all times faithfully carry
out all the provisions OF law and this or
dinanee, for the benefit OF such bondsg and
the coupons attached. and any and. all hold
ers thereof, including the levying and col
iecting Of taxes, to pay the interest onassuch
bonds and to constitute sinking fund as
required by the constitution and laws OF the
State Of Idaho and this ordinance.
Passed by the Council OF the. City. Of
Caldwell. Idaho. this 18th day Of October.
Approved by the Mayor of the CITY Of
Caldwell, idaho, this roth day Of October.
LIB. GOWEN.
Mayor, Of the. City Of Caldwell. Idaho
Attest; c. J. SHORE, City CLERK.