The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-07-15

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| tho bearer ---- IS
Dollars, in Gold Coin on the - dav
OF ----, l9-, on presentation and
surrender of this coupon. at the Of
fec of the City Treasurer OF the CITY
/ of Caldwell Idaho. or at the Chase
National Bank of New York. in the
City and State OF New York, place of
payment of semi-anual interest on IT'S
bond numbered as above.
| City Treasurer of the City of Cald-
well, Idaho.
Section 4. The Mayor and Coun-
! ell shall give notice in the Caldwell
! lrOunc, a weekly newspaper pub
nshed in said city, in four consecu-
! 1--WE issues thereof, of it's intention to
! issue and negotiate such bonds and
invite bidders therefor Such bids
must be in terms of cash, and must
be Tor not less than par and accrued
interest at the time of the delivery of
said bonds. After ascertaining the
best terms upon and the lowest terms
at which the said bonds can be ne
gotlated the Mayor and council shall
secure tho proper engraving and
printing thereof, and shall have them
consecutively numbered from one un-
ward, and otherwise properly pre-
pared and executed.
Section 5. When such bonds shall
have been executed as provided in
section 4 of this ordinance they shall
each be registered by the City Clerk
In book to be kept for that purpose
| In ho1
number, date and amount of each
bond, the time and place of payment,
and any other description thereof.
Such register shall be for public in
spectiOn at suitable hours.
Section 6. Said Mayor and Coun.
Gil shall from time to time, in such
amounts as they shall deem best, de-
liver said bonds to the city treasurer
and take and file his receipt therefor
and charge him with all bonds so de-
'ivered The city treasurer shall un-
der the general supervision of the
Mayor and Council sell said bonds for
cash, but in no case shall said bonds
be sold for less than their face or PAL
value and the accrued interest at the
time of disposal. The city treasurer
shall keep a record OF all bonds dis
posed of, showing their number, rate
, of interest. date and amount of sale
and when and where payable, which
record must be kept open for inspec
, ton at all reasonable Office hours
, Said treasurer shall mako detailed
! statements of all his transactions re
> lating to said bonds to the mayor anC
/ 90 nj no
Quired by them to do SO.
Section z. There shall be levied
= and assessed and collected annual!
upon all taxable property In the Cit!
! of Caldwell a special tax in addition
to other taxes allowed by law, whicl
will produce a sufficient sum to pa,
tho interest on such bonds each yea
as 1t becomes due, and also sufficien
to produce the sum of Three Thou
sand Seven Hundred and Fifty Dol
lars ($3,750.O0) per year on and af
} ter tho year 1916, until such bond
arc paid, which shall constitute
: sinking fund for the payment of tn
same. Such sinking fund shall b
kept separate and distinct from al
; other moneys and funds In the cit
treasury. and shall be held and wit
4 the income thereof may be safely in
: vested by the mayor and council c
d said city, and shall be used at tn
discretion of the Mayor and counc
! OF said city, to redeem said bonds
I their numerical order after ten veal
e from the date of issuing said bono
and for no other purpose. Such take
! shall be- levied, assessed and collecte
8 as other city taxes until the bonds s
$ issued are fully paid, including TT
n interest thereon, and the faith, cred
q and all the taxable property with
S. the City of Caldwell, shall be an
s, continue to be pledged, and TT
p proper officers of said city shall col
)r tinue to assess and collect on all TT
70 taxable property within the limits
S, said city, such special taxes and a.
u ply them to tho payment OF sa
"a bonds until the whole thereof VIII
is the interest shall be paid.
lie Should tho taxes for the paymel
n of the interest on any such bonds
H. any time not be levied or collected
I'd time to meet such payment, the i
Id terest shall be paid out of any none
al in the general expense fund or sa
a. CITY and the money so used for SUI
| nAVmpnL OF lnlSISSI w 'N'"'' az
ne 10 the fund from which 1t was taxi
a out OF the first money collected fro
OF such special taxes. Should there
DIS any surplus OF said special Il
n moneys remaining after tho prime
ne nal OF such municipal bonds and {
',S interest thereon have been fully pal
a. then the surplus shall be paid over
:, the general fund of the CITY OF Cal
a well.
~; Section 8. Be It further ordain
g" that the City of Caldwell agrees
-. and with tho persons who are. or
any time may be the holders OF su
~ municipal bonds any OF tho coupe
Nv attached thereto. that It will punc'
"a ally pay said municipal bonds
IA coupons according to tho terms the
~ Of and that the said City OF Caldw
10 will at all times faithfully carry c
:, all tho provisions of law and this
:" dinance for the benefit OF such II
Ia nicipal bonds and tho coupons
,I 'pched, and anv and all holders the
of. including tho levyinG and cole
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