American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1915-10-07
KNOW ALL MEN BY THESE PRES

KNOW ALL MEN BY THESE PRES
ENTS. That the Village Of American
Falls, Of Power County, Idaho, ack-
nowledges itself to W and for value
4 received hereby promises to pay to
the bearer hereof, the principal sum
OF One Thousand Dollars on or before
July Is, A. d., 1925, together with in
terest on said sum from the date here
of until paid at the rate OF seven 90
per centum per annum, payable semi
annually, on the 18th days of january
and July, respectively, in eacn yea as
evidenced by and upon the presentation
and surrender OF the interest coupons
hereto attached as they severally become
due and both the said interest on and
principal OF this bond are hereby made
payable In lawful money of the United
States Of America at the National Bank
of Commerce, In the City and State
of New York, u. s. A., out OF the local
Improvement fund heretofore created
for the payment of the costs and ex
penses OF the Improvement in Local
Sewerage improvement District No. /,
In said Village, and not otherwise.
This bond is issued by said village
for the purpose Of providing funds for
the payment OF the costs and expenses
of said sewerage system and sewerage
disposal works in and for said local
sewerage improvement District No. 1,
pursuant to, under and by virtue OF,
and In all respects In full and strict
compliance with the constitution and
chapter 80, Session laws of Idaho OF
1911, being an Act entitled: "An Act
amending Section 1858 of the Political
Codes Of Idaho, relating to assessment
and bond issue for sewerage improve
ments; and declaring an emergency"
passed by the Legislature of said state
at Its 1911 session and approved March
13, 1911, and all laws of said state
supplementary thereto and amenda
tory thereof.
And 1t Is hereby certified, recited
and warranted that said village is now
and for some years past has been a
village of said state, and a body polit-
ic and corporate. duly organized, ex.
listing and operating under and by vir-
tue of the constitution and laws of
the state OF Idaho, and is now and al
ways has been under the control of a
duly organized board of trustees as the
duly constituted, corporate authority
thereof, that all things, acts and con-
~ ftHof'to w nv CONSTITUTION
and laws of the state of Idaho and the
ordinances of said village, to exist
and to happen and to be doLe and per-
formed, precedent to and In the ere
alton of the said Local Sewerage I'm
provement District No. / and the con-
struction of a sewerage system ano
Sewerage disposal works therein and
therefor, and the issuance Of this bond
Ia, nrdar IN naputitpta tho oatd bond
the valid and binding obligation OF
said village, and payable as aforesaid,
do exist and have happened and been
done and performed in regular and due
form and time; that the total costs
and expenses of said improvements
have been duly levied and assessed an
special assessments for sewerage i'm.
provements upon all of the lands, lots
and pieces and parcels Of land In said
Local Sewerage Improvement Dis
trict No. |, separately and In addition
to all other taxes, and said special
assessments are a liep upon said lands,
lots, and pieces and parcels of land,
and take precedence OF all other liens;
that due provision has beer made for
the collection OF said special ASSESS
ments. and for the levy and collection
VI a. ullttl ilnudi iaA, bullltltlll " pay
the interest accruing hereon promptly
when and as the same falls due, ana
also to discharge the principal hereof
at maturity.
In conformity with subdivision 10,
chapter so. OF said session laws OF
1911, IL is hereby recited that, "Thl
holder of any bond issued under the
authority of this chapter, shall hav.
no claim therefor against the cit,,
town or village, by which the same
Is issued In any event, except for the
collection of the special assessment
made for the work OF improvement for
which said bond was issued, but this
remedy. In case OF ~non-payment, shall
be confined to the enforcement OF such
assessment. A copy Of this subdivi-
sion shall be plainly written, printed
or engraved upon the face of each
bond so issued"
This bond is redeemable by said vii
lage on any interest payment date,
upon call OF the treasurer OF said VIZ
lage made prior thereto by publication
for thirty days In the official news
paper, following the delinquency of
any installment OF the assessment.
IN TESTIMONY WHEREOF, The
village OF American Falls, of Powe,
county. Idaho. by its board of trustees
has caused this bond to be signed by
the mayor OF said village and at
tested by the clerk thereof. sealed with
the corporate seal of said village and
recorded by said clerk; and each OF
the 20 interest coupons hereto at
tached to be signed by the engraved
facsimile signatures OF the said mayo
and clerk. the 18th day of July, A.
ID. 1915.
III. C. WONES, Mayor.
Recorded: o. +. CROWLEY, Clerk.
Attest: (SEAL.)
q. II. CROWLEY, Clerk.