The Meridian times. (Meridian, Idaho) 1909-1938, 1911-12-01

hereafter while said bonds, or any
number thereof, are outstanding, and
the same shall be annually assessed
and collected and applied for the pur-
pose named. And it is further or
dained, that, whereas, the board OF
village trustees met il special session
November Is, 1911, for the purpose
Of receiving and opening bids on VII.
lage Improvement bonds, it appearing
that the bid Of John Nuveen s Com
.pany, of Chicago, Illinois, was the
best and most acceptable, it was or
dered thas John Neveen & Company
be awarded the contract as per terms
and conditions OF bid submitted.
sRc. 9. 1t is further ordained that
the form and wording of said bonds
shall be as follows:
VIIIAGR IMPROVEMENT BoEps.
The Village of Meridian, in the
County Of Ada, a municipal corporation
duly incorporated under.ths laws Of the
state of idaho, for valued received,
hereby promises to pay to the bearer
twenty years from the date hereof, at
Office of the village treasurer OF the VIZ,
lage of Meridian, or at the Seaooard
National Bank of New York City, New
York, at the option of the holder, the
sum of one thousand Isl ,0O0), in lawful
money Of the United States Of America,
together with interest thereon from the
date hereof at the rate OF six per cent
per annum, interest payable semi-annu-
ally on the first day OF January and the
first day of July of each year on present
alton and surrender Of the proper coupon
at the Office of the village treasurer OF
the Village of Meridian or at the Sea
board National Bank of New ork City,
at the option of the holder.
The Village. OF Meridian hereby re-
serves the right to redeem this bond at
any time after ten years from its date by
paying principal and accrued interest,
and III ease the same shall be called in
for redemption before maturity, notice
thereof in writing shall be given to the
owner CT the same by the village treas
urer of the Village of Meridian at least
thirty days before the date fixed for its
redemption, and should this bond not be
presented for redemption the same shall
cease to bear interest from and after the
date SO fixed for redemption.
This bond is one of series of ten
bonds numbered cousecutively from one
to ten inclusive, of the denomination OF
one thousand dollars ISL ,O00) each, ag-
gregating the sum of ten thousand
dollars($ SIC, 000l issued for the purpose of
paying off outstanding Indebtedness of
the Village Of Meridian & improvement
of streets in the Village of Meridian,
Idaho, under and by virtue of the con-
stitution and laws of the state, and in
Pursuance of Ordinance No. Al.
The date of this bond, In conformity
with the above mentioned ordinance is
October |, 1911, and it is hereby certified
and recited that all acts, conditions and
things required to be done precedent to
and IN the issuance of this bond, have
been properly done, happened and per
formed in regular and due form as re-
uuired by law, and that the total in
debtedness of said village, including this
bond, does not exceed the constitutional
or statutary limitation.
In testimony whereof, the said Vii.
lage of Meridian has caused the corpor-
ate seal of said village to
be affixed, and this bond
[sEALl to be signed by its chair.
man, and countersigned
| by its clerk, this 10Th day
' of November, A. u. 1911
tSigned)
]. M. ANDERSON,
Chairman Board of Trustees,
Registered:
J. w. HARRELL
| Treasurer Board of Trustees.
Countersigned,
w. I'll. PEER.
| Clerk Board of Trustees.
SEC. 10. An emergency existing it is
hereby ordained that this ordinance
shall be in force and effect from and
after its passage, approval and publica
ton.
j. NJ. ANDERSON,
Chairman Board of Trustees.
| W. H. PEER,
Clerk Board of Trustees.
Dated this 10Th, day of November, 1911