The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1910-06-03

Oaizing the issuance ol coupol
thorh'Ii ~ the sum of $26,O59.7S
bonus interest at the rate of five pei
beal nar aunum, payable semi-an-
csnI with which to defray the eX'
ruaI,'' Of grading and paving certa Il
pens. and alleys in Improvement
st regttct No / of the City of Caldwell
Dls' iordering a special election, sub
anu o.,Ug the question to vote of the
m lIIin9 owners of the said City.
And, .d o1nction was duIy
IA on the 8th day of September,
a IeNo and at said election the ques-
isV' - the issuance of the above de-
uon hed bonds was carried, and there
81 ST. eaid bonds were duly offered for
a saie as provided by law; and,
S"i Ubnreas. no bids were received
wv responsible bidder, for said
Londe at par and accrued interest,
po wa that the reason no such b DIS were
a sorad for said bonds was on account
" the rate of interest at five per cent
10 Oar annum being too low; and
whereas, 1t appearing to the Mayor
and council of the City of Caldwell
tbot owing to the present condition
~ the bond market, they are unable
W djspose of said bonds at the pres
out ratp of interest; and,
whereas, it appear ng that said
,ords can be disposed of at a higher
roto of interest, to-wit, not exceeding
.v nor cent per annum; and it furth.
~ onnearing that it is to the best in
tore esh Of said c ty to have said bonds
,old at once and the proceeds APP
rIied for the purpose of pay ng the.
noet of the construction and laying
NJ having and curbing in Local I'm
Nrovement District No. / as hereafter
provded in this Ordinance, and that
another elect Oh be held, submitting
The oGestion of issuing said bonds at
. higher rate of interest, to the quail
fled voters of said city.
RI IT ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
CAL DWELL.
Section /. That the City Clerk is
hereby authorized and instructed to
give notice of an election to be held
On the 7th day of July, 1910, as pro-
vided by law, for the purpose of vot-
ing upon the issuance of coupon
bonds on the credit of the City OF
Caldwell for the purpose of grading
and paving that part of the streets
and alleys within Local improvement
D strict No. / as provided in Special
Ordinance No. 2, known as cross |
streets and intersections, to conforms
with the other and like improvements |
=, ~ AF h.,
streets and alleys abutting the prop |
er.y owners in Local improvement
D strict No. /, with Bitulithic Pave
ment to the amount of $26, 059.78.
The voting at such election shall |
be by ballot, and the ballots used |
shall have printed or written thereon
Substantially as follows:
IN favor of issuing bonds to the
amount of $26,059.78, for the pur.
pose stated in Ordinance No. 40
and against issuing bonds to tn
amount of $26,O59.78 for the purpose
stated in Ord nance No. 10.
Section 2. If a two-thirds major
ity of the votes cast at said election
by the qualified electors who are tax
payers of the City of Caldwell, shall
be cast for Bonds Yes" then the
City Council shall, as soon as prac
tcable, thereafter, give not ce by ad
vertisement in the Caldwell Tribune,
a newspaper printed weekly in the
City of Caldwell, for a period of a
least four weeks, to the effect that
the City of Caldwell will sell the
bonds so issued for paw ng certain
streets and alleys heretofore describ-
ed in Ordinance No. 1870, to the
highest and best bidder, for cash, at
not less than the par value, and state
the time when, and the place where,
said sale will take place.
Section 3. That it is deemed nee
essarv and advisable, by the Mayor
and Council of the City of Caldwell,
to grade and pave the streets and
alleys at street and alley intersections
within Local improvement Distric'
NO. according to the provisions of
SPECIAL Ordinance No. 2, passed by
me Council on the 21st day of June,
ISV9, and approved by the Mayor on
inc 2lst day of June, 1909, and fo~
NAV purpose to issue COUPON bond
Oy the City of Caldwell for the pur.
pose OF providing for and paying tn
expenses Of the construction of said
IT, is hereby ORDERED
,nat Municipal Coupon Bonds called
paVng Bonds, shall be issued in tn
sum of $2G,059.78.
section T. That the bonds Drovid
20 ior in Section of this Ordinance
qua | be twentv-seven in number, am
.ah bond shall be for the principal
sum OIL One Thousand Dollars, as near
az pfac''cable; they shall be known
No Municipal Paving Coupon
n r Of the City of Cald
Sel,, Series of 1910, and
,un DO numbered. consecutivaly
nv" en-" 10 twentv-seven. inclusive
=, ,'"' pond shall bear interest at NOT
~ ," eEe'"d the rate OF six per cent
', ahnum, pavab'e semi ANNUALLY on
A.. 'S d'V Of January and the ilrs'
r% Oh Julr in each year, and both
h. NJ n'''al and tho interest shall
oeF' MO p tho o01ce OF the Treas.
Csr OF 'h' C''v of Caldwell. or nj tn
SS.,sN N'ttenal Bank, In tho CITY and
ho ol Nov York, ~ tho option Of
no oo''nr hereof, Each bond sher
do, oay. hl" In twenty years from the
Sa OF It's issuance. and shall he re-