The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-07-15
COUNCIL PROCEEDINGS
Continued from Page 3

That said election was conducted
according to law.
That at said election, the question
submitted was for the purpose OF as
pertaining whether or not the CITY OF
Caldwell shall issue municipal coupon
bonds in the sum of $26,O59.IS lor
the purpose of defraying the expense
of grading, paving, curblng ana sur
face draining of streets and alleys at
cross streets and intersections IN 10
cal Improyement ID strict No. |, bal
lots reading, in favor OF issuing
bonds in the sum of $26, O59.18 Tor
tho purpose stated in Ordinance NO.
no Bonds Yes" were submitted and
a total of 81 votes were cast by cleo
tors who are tax payers; and Dallots
reading against issuing bonds to the
amount OF $26,059.7S for the pur-
pose stated in Ordinance NO. Nv
Bonds, No." were submitted ana
total of 26 votes were cast by electors
who are tax payers; and that at sa
election tho question, also, was SUD
mitted for the purpose of ascertain
ing whether or not the City OF Calu-
well shall issue municipal coupon
bonds in tho sum of $50, 100000 for
tho purpose of defraying the expenses
for tho construction and maintenance
OF necessary additional water works.
PalIots reading lin favor OF 1sSd.ls
bonds in tho amount OF S5O,OOO.oo
for the purpose stated In ordinance
No III Bonds Yes, were submitted
and total of 3O5 votes were cast Dy
electors who are tax payers; ana Oai-
lots reading against issuing Donas
to the amount of 100000 for the
purpose stated in Ordinance No. ~.
Bonds, No." were submitted ana
total OF 80 votes we're cast by electors
who are tax payers.
That a majority of over two thlrds
of the qualified electors who are tax
payers voted at said election and con
scented to the issuance of said bonds
and the mourning of said Indebted
ness for the purpose OF defraylng inc
expense of grading, paving, curDlns
and surface draining of the streets
and alleys at cross streets and inter
sections in Local Improvement Dis.
tr;ct No | and also for the defraying
Of the expenses for the construction
and maintenance of necessary add.
tional water works for said city and
supplying the same with water.
We. therefore, declare the election
uuIy w q wv 49,
according to law.
The roll being called on the resolu
ton, tho vote resulted:
Ayes-Clark, Devers, Farrar, Gar
tin, Paynter-5.
Nays-O. Absent-Harris. So the
resolution passed.
The following resolution was intro
duced by Clark:
RESOLVED, That the City Clerl
is hereby directed to have published
as provided by law, the following
notices:
''Notice of Sale of City Bonds.
Notice is hereby given by tn
Mayor and Council of the City G
Caldwell, Idaho, that the Mayor an
Council intend to issue, negotiat
and sell negotiable coupon bonds {
the said city to the amount of $26
O59.7S for the grading and paving a
those parts of streets and alleys will
in Local Improvement District No.
known as cross streets and interse
lions. Said bonds are to be in d
nominations of 81 100000 each,
near as practicable; they shall
known as municipal paving coupe
bonds of the City of Caldwell, ldah
Series of 1910, and shall be numbert
consecutively from one "a to twent
seven (27) inclusive. Each of sa
bonds shall bear interest at ra
not to exceed six per cent per annuI
payable semi-annually on the 1st d.
of January and the list day of July
each year, and both principal and i
terest shall be payable at the office
the Treasurer of the City of Caldwe
or at the Chase National Bank, in Il
City and State of New York, at Il
option of the holder thereof. Ea
bond shall be payable within TWEEN
years from the date of its issuanC
and shall be redeemable at the plea
ure of the City of Caldwell at al
time after the expiration of ten yea
from the date of its issuance and
the order in which it is numbere
The bids for the purchase of sa
bonds must be sealed and address
to the Mayor and Council of Caldwe
Idaho, and filed with the City Cler
Bids will be received until II o'clo
NJ. of Monday, August Is, 1910. Sa
bids will be opened by the Mayor al
Council of said City of Caldwell
Monday, August Is, at s o'clock
m, at the City Hall, Caldwell, Idah
Odlu DOnuS dFu not 10 D6 SOlu 1
less than their face and accrued int
est at the time of delivery, and no b
will be considered which specifies
higher rate of interest than six p
cent per annum.
Each bid must be accompanied by
certified check to the amount of fl
per cent of the amount of the bi
payable to the City OF Caldwell, Id
no. Said bids may be for the who
amount of the bonds to be issued,
for a portion thereof, at the opti
of the bidder, and the City reserv
the right to reject any and all bi
and make allotments of tho bon
which shall be deemed for the best
terest of the City. The issue OF bon
herein specified Is authorized by t
laws of the State of Idaho, and t
ordinances and resolutions of sa
city.
By order of the Mayor and Coun
nf the Civ Of Caldwell Idaho