The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-08-05
Mayor of the City of Caldwell. Idaho.

Clerk of the City of Caldwell, Idaho.
notice in the official newspaper published in
said city, in four consecutive issues thereof, OF
its intention to issue such bonds and invite
bidders therefor Such bids must be in terms
value, net. After ascertaining the best terms
upon and the best terms at which such bonds
can be negotiated, the Mayo and Council
shall secure the proper engraving or printing
thereof and have them consecutively num-
bered from one upward and otherwise properly
prepared and executed, and they shall sell
net, and pay the proceeds to the contractor
as by law and the ordinances of the City of
Caldwell, provided.
Section ?. The city treasurer shall pay the
interest on the bonds authorized to be issued
under this ordinance out of said Local Lat
eral Sewerage Improvement District No. ="
ey in the aforesaid fund over and above suffi-
cient for the payment of the interest the
unpaid bonds the trsas9Ter shall call in and
bonds shall be called in and paid in their
numerical order: PROVIDED FURTHER,
that such call shall be made by publication in
the official newspaper of the said City oil
Caldwell, in one issue thereof, the day
following the delinquency of any installment
OF the assessment or as soon on thereafter create as
(giving the serial number or mum.
bers of the bonds called) will be paid the
day the next interest coupons on said bonds
shall cease on such date.
Section g. There shall be levied, assessed
and collected annually upon the lots or par
GELS of land liable for the cost and expense Of
such improvement in said Local Lateral eSw-
ersge Improvement District No. 4, a special
tax in addition to other taxes authorized by
law, which shall produce sufficient sum 10
pay the interest on said bonds each year as
1t becomes due; and also sufficient to
produce the sum of One thousand Dollars
per year, and after the year 1911, until
such bonds shall be paid. which shall con.
stitute sinking fund for the payment of the
same.
Section 9. Be it further ordained that the
said City Of Caldwell hereby agrees to and
be the holders of such bonds, or any of the
coupons attached thereto, that it will pune.
tualy pay said bonds and coupons according
TO the terms thereof, and that the said City OF
Caldwell will at all times faithfully carry out
all OF the provisions Of law and this ordi-
nance, for the benefit of such bonds and the
including the levying and collecting of taxes
to pay the interest on such bonds and to
constitute sinking fund as required by the
constitution and the laws OF the State OF
Idaho and this ordinance.
Section That the sum charged against
each Of such lots or parcels Of land may be
paid in equal annual installments; the mum.
Der of which instalments shall be equal TO
for the payment of the improvements NAV
run. with interest on the whole sum so charged
at the rate OF eight per cent per annum; and
each year thereafted one Of such instailments
with the interest thereon, and all the install.
ments thereafter to become due shall be col.
lected by levying assessment and certify.
ing to the tax collector as a special assess.
ment for improvements to the amount OF
such assessment, and shall be by him placed
on his assessment roll for collection and
collected in addition TO the tax for general
revenue purposes. The said assessment shall
be subject TO the same penalty and collected
in the same manner other city taxes
Section Il. That the owner Of any lot or
parcel Of land charged with any such asses.