Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1909-10-21
ORDINANCE NO. 1856.
(By Rezac.)

state OF Idaho, for the purpose
Submitting to the Qualified Eiec
ors Who are Tax Payers Therec
the Questions OF the Issuance {
Municipal Coupon Bonds Of Sal
City in the Total Amount Of Thirty
four Thousand Dollars 1884, 10000
for the Following Purposes to-wit
Teive Thousand Dollars ($12,o0o.oo
70 Provide the Funds Necessary 4
Pay the Costs Assessed Against IN
City q Payette, for the ENpensel
~ All improvements In the Spaces
Formed by the Junction Of Al
Streets and All Necessary Stree
and Alley Crossings, For the Pur
chase Of All Materials Necessary
tor the Construction and Mainten
ance Of a Sewer system In "Lo-
cal Sewerage Improvement Dis
triet No. {" Of the City Of Pay
cite, Idaho. Twelve Thousand Dol
lars st2,0Oo.OOJ to Provide the
Funds Necessary 10 Pay the. Costs
Of Extending the Water Mains and
the Water system OF the Said CITY
81 Payette and for Purchasing a
Power site for Pumping Purposes
Ana the Power Necessary for Such
Pumping: Ten Thousand Dollars
(9io,OOO,0o) 10 Provide for the
FUNDING, Purchase and Redeemins
Certain Created, Existing ana
Outstanding indebtedness Of the
cry Of payette Amounting to the
Gum Of Ten Thousand Dollars
tylC,ooo.OJJ Due and Payable Out
o. lae Roaa suna, General Funu,
salary Fund and Water Works
Fund Of the Said City; and to Pro
vide for the Collection OF an Annu-
al TAX Upon All the Taxable Prop
ely within the City Of Payette, laa
no, Sufficient to Pay the interest
on such bonds A. Il Fails Due and
10 Create and Constitute a Sink
log FUND for the Payment Of the
Principal Thereof Within Twenty
Years From the Time Of the Is
suanee Of the Same AZ They Be-
come Due.
BE Il ordained by the Mayor and
.ouHeii OF the city OF Payette, Ida
10:
Section 1. That a special election
i the qualified electors. who are tax
ayers thereof, OF the city OF Pay.
tle, County OF Canyon. state of Ida
10. shall be- held therein on the goth
ay oil November, 1909. for the pur-
oso OF submitting 70 the said elect
rs tho question OF the issuance OF.
y said city. Municipal Coupon Bonds
q denominations OF 500. $500 and
1909 each, payable within twenty
ears from the date of the issuance,
adoemable az the pleasure of the
aid city at any time after ten
ears, bearing interest at rate not
b exceed six per centum per annum,
lterest payable semi.annually, In an
mount in the aggregate not to OK
eod the sum OF S34,O00.00 and to
royldo for the levy and collection
an annual tax upon all the taxable
roporty in the City Of Payette suf-
Client to pay the interest upon said
onds as Il falls due and to create
ud constitute a sinking fund for the
ayment az any time after ten years
che principal OF said bonds as they
ooomo due. for the following de-
'rlbed purposes. to-wit;
First Municipal coupon bonds to
lo amount OF 100000 TO be des-
mated as Sewer Bonds" to pro
tide the funds necessary to pay the
ost assessed against the City OF
ayette. In Ordinance No. t54 of
AID City, for the expenses of all
In the spaces formed
y tho junction OF all streets. and all
eceasary street and alley crossings
,r the purchase of the materials for
AID improvements aud for the con
ructiou aud maintenance OF q COM
Lotto sewer system In Local Sew
rage Improvement District No. /"
/ the City OF Payette. the boundaries
which are infinitely set forth in
rdnanee No. i54 OF said City ,
hlch Is hereby referred to and made
part hereof
Second Municipal Coupon Bond
be known as water Works lex,
'nalon Bonds to the amount Of
100000 TO provide the funds nee
ssary TO pay the cost and expen.
's OF extending the water mains
nd water works system to parts OF
10 city noe yet supplied with city
after aud to purchase a power site
nd location Tor power house and
alter power rights for the purpose
pumping water or any other pow
r and machinery that may be found
eecssary for the purchase OF mater.
is for said work and improvements
"a the construction Of the same.