The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-04-15
Council Proceedings.

Council Proceedings.
Monday, April ii, 1910. Council.
met In regular sess On pursuant to
adjournment with Mayor Gowen, pre-
siding, and COuncilmen Clark, Dew
erg, Farrar, Gartin, Harris, PaynteT,
present; ShOrb, Clerk.
The following resolution was intro
duced by FsrH:
Resolved, That the City Clerk IL
hereby directed 70 have published
n the Caldwell Tribune for four con
secutiye Issues the following notices:
NOTICE or SALE OF CITY BONDS.
Notice il hereby given by tbs
Mayor and City Council Of tbs City
Of Caldwell, Idaho. that the said
Mayor and Council intend 10 Issue,
negotiate and SOL the negotiable cou-
pom bonds Of the said city to the
amount Of 100000, for the pur-
pose Of funding the outstanding war
want Indebtedness Of said city. Said
bonds are 10 be Issued in denOmina-
lions Of 81 10000 each, and will bear
interest at the rate Of five per cent
per annum, said interest TO be paid
on the first days Of January and July
Of each year, at the Office Of the City
Treasurer Of the City of Caldwell,
idaho, or the Chase National Bank OF
New York City, State Of New York,
at the option OF the holder OF the N
tereSt coupons. The principal Of said
bonds Is To be paid at the Office Of the
City Treasurer at Caldwell, Idaho.
Said bonds shall be payable twenty
years from date, redeemable In their
numerical order, at the option Of the
CITY at any time after the expiration
Of ten years from date. Both prin-
cipal and interest OF said bonds will
be payable in lawful money Of the
United States.
The bids for the purchase Of said
bonds must be sealed and addressed
10 the Mayor and Council Of Caldwell
Idaho. and filed with the City Clerk.
Bids will DO received until 70 o'clock
noon, OF Monday, May 1G, 1910. Said
bids will be opened by the Mayor and
Council. of said City on May 16, at 8
O'Clock D. m, at the City Hall, Cald-
well, Idaho
SAID BONDS WILL NOT BE SOLD
FOR LESS THAN FACE AND AC-
CRUED INTEREST AT THE TINE
OF DELIVERY, AND NO BID WILL
BE CONSIDERED WHICH SPECI-
FIES A HIGHER RATE OF INTER
EST THAN FIVE PER CENT PER
ANNUM.
Each bid must be accompanied by
certified check to the amount OF
five per cent OF the amount bid, pay
able to the City OF Caldwell, Idaho
Said bids may be for the whole
amount OF the bonds to be Issued or
for a portion thereof al the option OF
the bidder and the city reserves the
right to reject any or all bids and to
make allotmentB OF the bonds that
shall be deemed for the best interests
OF the city. The issue Of bonds here
II specified Is authorized by the laws
of the State OF Idaho and the ordi.
nance and resolutions of said city.
BY order Of the Mayor and City
Council OF the City Of Caldwell, Idaho
Dated at Caldwell. Idaho, April Il,
1910.
J.B. GowEN,
Mayor
Attest:
c. ]. sHORB,
Clerk of the City Of Caldwell, Idaho
NOTICE OF SALE OF CITY BONDS
Notice is hereby given by the
Mayor and City Council OF the City
OF Caldwell, Idaho, that the said
Mayor and Council intend to issue
negotiate and sell the negotiable cou.
pom bonds Of said city to the amount
Of S26,059.7S for the purpose oil
grading and paving ali those parts oil
streets and alleys within Local I'm
proyement District No. /. known as
cross streets and intersections. Said
bonds are TO be Issued In denomina,
tons OF 100000 as near as proc.
ticable. They shall be- known as
Municipal Paving Coupon Bonds OF
the City Of Caldwell, Idaho, series OF
1893, and shall be numbered con
secutiYely from one to twenty-seven
inclusive. Each Of said bonds shall
bear interest at the rate OF FIVE per
cent per annum, payable semi-annual-