Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1910-09-01
ORDINANCE NO ia.
BY Burns.


suance of Municipal Coupon Bonds in
the Sum of sf2,0oo.oo for the Pur-
pose Of Extending the WaterHorks
System of the City of Payette, for
the Purpose Of Purchasing Power
4 Site and Power for Pumping Purpos-
es, Fixing the Details and Designat-
/ ing the Form and RecitaIs Thereof,
/ Providing for the Levy of an AS
sessment for the Creation of
Sinking Fund and to Pay the Inter
est as it Natures.
Whereas, it was determined by or
dinance regularly passed by the May
or and Council of the City Of Payette.
Idaho, TO issue Municipal Coupon
Bonds of said City in the sum of
s12 100000 for the purpose of extend
ing the waterworks system of said
City to that part of the same not
yet supplied with city water, for the
purpose of providing funds with
which to purchase a power site for
pumping and other purposes and
provide the necessary power:
Whereas, at special election duly
and legally held on the Both day of
November, 1909. by more than two
thirds of the qualified electors voting
at said election, the Mayor and Coun-
Gil of said City were authorized to
issue the said Municipal Coupon
Bonds in the amount of S12.o0O.00:
And, whereas, nothing now re-
mains to be done by the said City
of Payette, Idaho, except to pro-
vide the form and details of the
said bonds;
Now, therefore, Be it ordained by
the Mayor and Council of the City of
Payette, Idaho:
Section l. That the said $4,000
90 in bonds shall consist of twelve
Q2) bonds in the sum of 100000
each, numbered consecutively from
one O) to twelve (i2) inclusive, be
or printed. bearing date
of the ..... day OF ..........
1910, and shall be known as Munich
pal Waterworks Extension Bonds OF
the City of Payette. Idaho. series
of 1910, and shall be payable on the
.. day of ....... :.
1880, or at any time after the expir-
alton of 10 years from their date, at
the option of the City of Payette,
in the order in which they are num-
bered. Said bonds shall bear inter
est at the rate of five and one-half
per cent (515) per annum, to be
evidenced by semi-annual coupons
payable on the first days of July
and January. each year during the
existence of such indebtedness. Prin-
,ipal and interest of said bonds shall
be payable at the office of the Treas
lrer of the City of Payette, Idaho,
Or at the Chase National Bank, City
and State of New York, at the option
1f the holder Each of said bonds
shall be signed by the Mayor. attest
ID by the Clerk under the corporate
seal of the said City and countersign-
I'd by the Treasurer and the coupons
attached to said bonds shall be sign
= by the Treasurer of the said City
{ .feasezaes Idaho,
sectiDns.s sassAthsf ordained
md ordnyNA 'hrf tbts zsi1z sfi61,esrse
coupons shat s'eonxntn aasrsls
md be OF substantially the foiieH'ine
orm. with the necessary Insertions
or the number, amounts and name
If purchaser. to-wit;
UNITED STATES OF AMERICA.
STATE OF IDAHO. CANYON COUN-
rY. MUNICIPAL WATER WORKS
COUPON BONDS OF
THE CITY OF PAYETTE.
(series of 191O)
70. 100000.
KNOW ALL MEN BY THESE
PRESENTS: That the City of Pay
tte. Municipal Corporation and
,ity of the Second Glass. in the
,ounty of Canyon, State of Idaho.
5 justly indebted and Tor Vaiue re-
eiyed. promises to pay to .......-..
49,. -. or bearer. on the .....
ay of ............. in the year of
ur Lord one thousand nine hundred
nd thirty Q9SOJ. or at any time af-
er the expiration of ten C1o) years
fter the date hereof, at the option
/ the said City. in the order the
onds of this series are numbered,
he principal sum of One Thousand
dollars Isl 100000 in gold coin of
he United States of America, to
ether with interest thereon at the
ate of five and one-half (512) per
ent per annum, payable in like gold
DIN semi-annually on the first day
( January and July of each year
uring the existence Of said indebt-
dness. excepting the last coupo,