The record. [volume] (St. Maries, Idaho) 1913-1918, 1915-03-26


come due and payable on the
same day in each year thereafter.
Provided. however, that all or any
portion of said nstallment may
be paid without interest. penalty
or cost within the time provided
by law prior to the issuance of
said bonds. All assessments to
bear interest at The rate of seven
I'D per cent per annum. Pro-
Nided, however. that If any prop
crly owner desires To redeem his
property from liability by paying
The entire assessment chargeable
gainst the same after the issu-
ance of The bonds. he may do so
by paying all the installments of
the assessments which have been
levied and also the amount of I'M
levied installments with interest
upon the latter at the rate OF
seven % per cent per annum
from the date of issuance of the
bonds to the time of maturity OF
;hc last installment."
Section 8. That section Z of
Ordinance No. i59 is hereby
amended to read as follows:
Section 2 That there be is
sued if the name of the City of
ST. Maries, Improvement district
bonds of said Local Improvement
District No. ., which bonds shall
bear date on the first day of May,
A. D., 1915, and shall bear inter
est at the rate of seven per cent
per annum payable annually on
the first day of May in each year.
Said interest shall be evidenced
by coupons attached to said bonds
and said bonds shall be number
ed i'm consecutive numbering
commencing with one, and shall
be in denominations of Two
Hundred (S2OOD Dollars each, eX-
cept the first bond, which may be-
i'm such suitable amount as may
be required to make the total is
sue conform with the amount
hereby authorized. Said bonds
and the coupons thereto attached
shall be payable at the Office Of
the City Treasurer of the City of
ST. Maries. Said bonds shall be
counter signed by the Mayor and
attested by the City Clerk and
counter signed by the City Treas
urer of the City OF ST. Maries. and
shall be sealed with The corpor-
ate seal of said City: and all in
terest coupons, may i'm lieu of the
original signatures bear the en-
graved facsimile signatures of the
Mayor, City Clerk and City Treas
urer of said City, and when so
executed will constitute binding
obligations on said district for
said interest"
Section 4. That section 8 of
Ordinance No. i59 of the City OF
st. Maries, Idaho, be amended to
read as follows:
Section 8 The Mayor, City
Clerk and City Treasurer are
hereby authorized and directed To
execute and deliver said bonds &c
the contractor executing the inn
provement ON or after the first
day Of April, A. d., 1915, excepting
those which may be cancelled bS
the City Treasurer pursuant tC
payment made upon his redemp
ton notice given i'm accordance
with law, and the fund of redemp.
tions may be delivered to thu
J contractor"
= Section 5 That the last par
f agraph of the preamble of Or
{ dinance No. i59, as referred to il
Section 4 hereof, and as the same
? now exists is hereby repealed.
E Section 6. That Section 3 o
Ordinance No. i59 as the sam
p now exists, is hereby repealed.
? Section z. That Section 4 o
: Ordinance No. 159 as the sam
y now exists, is hereby repealed.
o Section 8. That Section O
r. Ordinance No. i59, as the sam
e. now exists, is hereby repealed
f Section 9 That all ordin
r ances or parts of ordinances j
= conflict with this ordinance, arr
in so far as they conflict here.
z with, hereby repealed.
4 Passed its first reading at
y regular meeting of the Cit.
d Council of the City of ST. Maries
y Idaho, held on the list day o
n March, A. d., 1915.
Passed its second reading upoi
# y hich a yea and nay vote was TAX
f EN-, under a suspension of tn
S rules, upon which a yea and ma
vote was taken, at a regular meet