The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-06-10
PROCEEDINGS OF
The CITY COUNCIL

Monday, May 80, 1910. Council
met in regular session pursuant TO
adjournment. The day being legal
holiday, Council adjourned until Tues
day evening, May 81, 1910, at 8
o'clock.
Tuesday, May 81. Council met i'll
regular session pursuant to adjourn
ment. A quorum not being present
council adjourned until Wednesday,
June 1, 1910, at 8 o'clock.
Wednesday, June l. Council met in
regular session pursuant to adjourn
ment with Mayor GOwen presiding
with Councilmen Clark, Farrar, Gar
tin, Paynter, present; Shorb, Clerk.
The City Engineer reported having
an interview with Manager Dalton of
the Boise & Interurban Ra lway Co.,
in which Mr.. Dalton agreed to put the
Boise & Interurban on grade just as
soon as he could get the men and
teams. The Engineer was requested
to furnish the grades and have the
track brought to grade.
The Street Committee reported a
full width bridge necessary on Tentf
Avenue over Indian Creek, and tho
same was referred to the Street Com
mittee and City Engineer to do what
was necessary.
The City Attorney reported that he
could not get date on June 10, 1910
when the Supreme Court agreed to
hear the case OF the City testing the
proceedings of the City Council on
the Street Intersection bonds.
Councilmen Devers and Harris en-
ter during report.
A motion was made by Farrar tina,
further proceedings towards taking
case up to Supreme Court testing va.
lidity of bonds be dropped. The roll
being called on the motion, the vote
resulted:
Ayes-Farrar, Gartin-2.
Nays-Clark, Devers, Harris, Payn-
teri.
So the motion was lost.
The following resolution was in
trOduced by Farrar:
WHEREAS, The Mayor and
Council of the City of Caldwell, on
the 18th day of July, '09, passed and
approved Ordinance 1872 of said city
authorizing the issuance of coupon
bonds in the sum of $26, 05I9.7S bear
ing interest at the rate of five per
cent per annum, payable semi-annu-
ally, with which to defray the expense
of grading and paving certain streets
and alleys in Improvement District
No. of the City of Caldwell, and or
dering a special election submitting
the question to a vote of the property
owners of said City, and
WHEREAS, said election was duly
held on the Sth day of September
1909, and at said election the ques-
tion of the issuance of the above de-
scribed bonds was carried, and, there
fore, said bonds duly offered for safe
as prescribed by law; and
WHEREAS, no bids were received
from responsible bidder for sa d
bonds at par and accrued interest,
and that the reason no such bids were
offered for said bonds was on account
of the rate of interest of five per cent
per annum being too low; and
WHEREAS, it appearing to the
Mayor and Council of the City of
Caldwell, that, owing to the condition
of the bond market, they are unable
to dispose of said bonds at the pres
enC rate or interest; and,
WHEREAS, it appearing that said
bonds can be disposed of at higher
rate of interest, to-wit, not exceeding
six per cent per annum; and it further
appearing that it is to the best inter.
ests of said city to have said bonds
sold at once and the proceeds applied
to the purpose of paying the cost OF
the construction and laying of paving
and curbing in Local Improvement
District No. l, as hereafter provided
In this ordinance; 1t is hereby
RESOLVED. That another election
be held submitting the question of is.
suing said bonds at a rate of interest
not to exceed six per cent per annum
and the City Attorney be instructed
to prepare the necessary ordinance,
to submit said question to the quail
fed voters of said city.
The following resolution was in
troduced by Paynter:
WHEREAS, The Mayor and Coun
ell of the City of Caldwell, Idaho, OIL
the Sth day of October, 1909, passed
and approved Ordinance No. 143, o
said City, authorizing the issuance o.
coupon bonus Ill Inc SUI I'll Abh,ONO
bearing interest al the rate of ! pa
cent per annuul. paNahle semi-annudl
y, for the purpose OF providing to
the construction and maintenance o
additional water works of the City O
Caldwell and supplying the same will
water as provided in Ordinance No
$50, and ordering special election
submitting the question to vote o
the property owners of said City
and,
WHEREAS, Said election wa
duly held on the 21st day of Febru
airy, 1910, and at said election tn,
question of the issuance of the abov,
described bonds was carried anC
thereafter, said bonds were duly of
fered for sale as prescribed by law
and,
WHEREAS,No bids were received
from a responsible bidder for sal;
bonds at par, and accrued interest an,
that the reason no such bids were of
fered for said bonds was on accoun
of the rate of interest of five per cen