The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-06-03
Attest:
ORDINANCE NO ~
G. ]. SHORE,
City Clerk

49, 'i-NANCE " SU BMlI 10
THE QUALIFIED ELECTORS or
THE CITY OF CALDWELL, IDA
HO, THE QUESTION OF ISSUING,
COUPON BONDS OF SAID CITY
FOR THE SUM OF FIFTY THOU
SAND DOLLARS FOR THE PUR-
POSE OF PROVIDING FOR THE
CONSTRUCTION AND MAINTEN-
ANCE OF NECESSARY ADDI-
TIONAL WATERWORKS AND
SUPP WING THE SAME WITH
WATER, AND TO PROVIDE FOR
THE ISSUING OF SAID BONDS.
AND TO PROVIDE FOR THE
PAYMENT OF THE INTEREST
THEREON. AND TO CREATE A
SINKING FUND FOR THE PAY
MENT OF THE PRINCIPAL
THEREOF BY THE levy or
MUNICIPAL TAXES OF THE
SAID CITY OF CAT DWELL, IDA.
HO, AND REPEATING ORDIN
ANCE NO. $50 PASSED ON THE
10TH DAY OF JANUARY. 1919.
AND APPROVED THE 18th DAY
OF JANUARY, 1910, AND ALL.
OTHER ORDINANCES OR PARTS
OF ORDINANCES IN CONFLICT
WITH THIS ORDINANCE.
WHEREAS, A port on of the City
Of Caldwell, Idaho, is without any
adequate water supply and the in
habitants thereof lack the colven-
'enco derived from a sufficient supply
he said portion of said city is in con
slant risk of the ravages Of fire, the
sewer system now be ng construc al
without a supply of water for the
flushing of the same and
WHEREAS, The Council of thu
City of Caldwell, Idaho, deem it nee
"ssary and advisable to issue and sell
COUPON bonds of the said city for the
"um of Fifty Thousand CS5O,OO0.O0)
Dollars, a sum within the statutory
i'm tations upon such indebtedness
for the purpose of constructing and
main aiming such additional water.
works and supplying the same with
water, and
WHEREAS. The authority to is
sue such bonds has been provided by
he laws Of the State of Idaho. to-
Wit: Cha0ter -, Title 10, Pol teal
Code, Idaho Revised Codes.
Be it Ordained by the Mayor and
Council of tn City of Caldwell.
Section /. There shall be issued
by the City of Caldwell. Idaho, mum
'c'Dal Coupon Bonds in the sum of
Fifty Thousand $3.50. 00O.O0) Dollars.
o bear interest at the rate issued for
the purpose, and to be paid by means
Of a sinking fund to be created as
hereinafter prescribed; provided, that
two-thirds of the qualified electors of
said city who are taxpayers, voting
ut special election held as herein
7rOv dad, shall assent to the issuing
Of said bonds.
Section 2. Said bonds shall be is
sued in denominations of one thou
and dollars each, as near as prac-
-fcable, numbered cOnsecutively from
me upward, and shall bear interest
ut a rate not to exceed six per cent
1er annum, payable semi-annually, on
the first day of January and July of
ZACH year, evidenced by interest cOu-
Dons attached to such bonds. both
0r nc'pal end interest TO be made pay
Dhla in Gold Coin OF the United
states of America. and the some to b.
aid at the option of the holder Of
0"y such bonds. at tho Office of the.
City Treasurer of tho City Of Cold-
'voll. Tdnhn, or ut the Chase National
Bank Of New York, in tho Guy and
state of New York. which bank is
designated for such nurpcsNs. The
1r nclnal of such bonds shall be pHv-
. bic MS above provided. twenty wears
'f'er tho date thereof but mav b.
at the n'epSure of the CITY
# Caldwell at any time after the eN-
lirntion OF ten wears from the dat
T tho Issuing thereof, and every such
hond must b red nemei In the order
n witch II Is numbered.
Section 3. Said bonds shpll be- =
,ued for the following nurpOses: To
.rov'do for the construction AMI
of additional water
works for the City of Caldwell ana
,upnlylng the some with water.
Section 4. There shall bA levied
assessed and collected annually upon
II the taxable property of thu saia
I'tv of Caldwell, special taxes In nd
lltlon to Other taxes authorized by
aw which will produce sum SUN
tent to nay the interest on such
bonds each year rs [ becomes due.
md also sufficient to produce tho sum
# Thirty Five Hundred (3,E0n.O0l |
Dollars per year on and after the year
1916. until such bonds shall be paid,
which shall constitute a sinking fund
or the payment of the same. Such
sinking fund shall be kent senar'te
nd distinct from all other moneys In
he ty treasury and sh'll he hill
hat the income thereof shall ba safe,
y invested by the Movnr and C1un"-
If said city, and shall be used at the
discretion of said Mayor and Council
VI said city to redeem said bonds In
heir numer cal order after ten years
rom the date of issuing said bonds
md for no other nurpose. Su"h
.oxes shall be levied. assessed and
collected as other city taxes until the