The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-05-27

THE PAYMENT OF SAID BONDS OUT
OF THE G0kLEGLloN OF ASSESS
AE I6 RE Pc lE oR iiR liS F No
1871 PASSED BY THE COUNCIL on
THE. NINTH DAY OF FEBRUARY.
l9HI1 AND Ig APPRo NE sF BY The MAYOR
WHEREAS. the City OF Caldwell has
passed ordinance organizing paving dis
tricf, known Local Improvement District
WHEREAS. Under Section zzss OF the
Revised Codes OF 1909, OF the State OF Idaho.
contained in Chapter Of Title - of the
Political Code OF said revised Codes OF the
State OF Idaho. providing for the payment Of
the cost of such improvements by instaIlments
and making the provisions thereof applicable
to cities and villages which have levied
special assessments for improvements, or
Tor the construction OF paving and curbing
property owners whose property has been
ing TO have said assessments paid in five
yearly installments and 20 have bonds issued
WHEREAS. Ordinance No. 80 provides
provided in the aforesaid Act of the Legisla
ture OF the State of Idaho, by the issuance
and sale Of District Improvement Bonds in
WHEREAS. the City Of Caldwell has ad
vertised for bids for the construction and
laying of said pavement. and the Warren
having submitted the lowest bid in the sum
OF sI2s.7s47s, and the contract for said pave
ment having been awarded to said Warren
Construction Company; and
WHEREAS, the Paving Committee, duly
authorized have made and certified an as
sessment roll to the council of the City OF
Caldwell which has been approved and &C
cepted; and due notice thereof having been
given by the clerk according to law. and pro
tests having been filed with the City Council
and such protests having been denied; and
WHEREAS, Said Ordinance No. $50 pro
vides that assessment for the costs thereof
shall be levied upon the property affected
parcels of land. and paid by the several own
ers. according TO the said assessment roll. and
that said property shall be bound for the
payment thereof. and all assessments and in.
terests shall be and remain a lien on each
lot parcel of land. OF other property. re
spectively, in favor Of the City of Caldwell
and such liens shall have priority over al
other liens and membranes. whatsoever.
BE 1T ORDAINED BY THE MAYOR AMI
COUNCIL OF THE Clay OF CALD.
WELL:
Section |. That for the purpose Of per,
hitting the property owners whose property
has been assessed for the construction and
laying, grading, curbng and surface draining
OF streets and alleys. and parts OF streets and
alleys. IN Local Improvement District No l.
and to pay said assessments in fve yearly in
staliments, there shall be. and there is here
by authorized to be issued, City of Caldwell
Improvement Bonds to the amount OF
SIS ssa67.
and designated as improvement Bonds OF
The City of Caldwell, and shall bear date
January. 1910. and shall become due one-ffth
each year from and after January /, 1910. Said
bonds shall be paid serially. beginning with
the lowest number. one-nIth of the total to
be paid each year They shall bear nteres,
At the rate OF per cent per annum, payable
semi-annually on the first day of January and
| July Of each year. from and after January
1919. The said interest and instaliment pay.
ments shall be evidenced by proper coupons
| attached to each bond. and both principa
! and interest on said bonds shall be PAYABLE
at the Office OF the City Treasurer OF Caldwell
Idaho. or at the Chase National Bank in the
| City and State of New York
Section } Said bonds. and coupons there
| to attached. shall be substantially the follow.
ing. to-wit:
UNITED STATES OF AMERICA
CITY OF CAIDWFTT
STATE OF IDAHO.
LOCAL IMPROVEMENT DISTRICT
NUMBER ONE
IMPROVEMENT BOND.