American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1916-12-14

Assessment Sewerage Improvement
Bond, District No. 2, dated August 1.
A. d. 1916. No....---
(Seal)
Chairman. Board OF Trustees.
ATTEST:
Clerk.
tForm of Clerks Certificate to be
printed on back OF each Bond)
STATE OF IDAHO. COUNTY OF PO-
WEIR, VILLAGE OF AMERICAN
FALLS, SIS:
1, o. f. Crowley, village clerk in end
for the village of American Falls.
rover county, Idaho, do hereby certi-
~ that l have kept a record OF the
within bond, the said record showing
the number and amount OF said bond
and for and to whom the same was ls-
sued.
IN WITNESS WHEREOF, have
hereunto set my hand and affixed the
oftcial seal OF said village.
tSeail
Village Clerk.
Section 5. That each of the bonds
hereby authorized shall be signed By
the chairman OF the board of trustees
and attested by the clerk OF said VIII
iage. sealed with the corporate seal
OF said village, which seal shall be I'm
pressed thereon, and recorded by said
clerk; that each OF the interest cou-
pons to be attached to each of said
bonds shall be signed by the engraved
fac-simile signatures OF said chairman
and clerk; that the officers of said
village In this section mentioned are
hereby authorized. ordered and direct
ed to cause said bonds and
to be prepared substantially In the
forms, respectively. hereinabove set
forth. and to execute the same for and
In behalf OF said village and Ia the
manner aforesaid: aud that the village
treasurer cause the said bonds to be
delivered without undue or unneces-
sary delay to said sam A. Forter. OF
American Falls, Idaho. the lawful pur-
chaser OF the same. upon payment be-
Ing made to said treasurer OF the
agreed purchase price therefor; that
said treasurer shall hold the proceeds
OF the sale Of said bonds In a separate
fund subject to the order OF the said
board OF trustees, to be used exclu-
sively for the purpose of paying the
cost OF said sewerage system and sew
erage disposal works improvements,
but the purchaser of said bonds, or
any subsequent holder, shall be Ia no
wise responsible for the application
of the proceeds OF the sale OF said
bonds by the said treasurer. board OF
trustees, or any OF the officers of said
village; and said bonds. or any part
thereof, which have been delivered to
said purchaser, shall thereafter be in
contestable. and their legality shall
not be open to contest by any person
or persons, corporation or corpora
tons. or by the said village for any
reason or reasons whatsoever.
Section 8. That there be and 10
hereby created II local sewerage i'm
proyement fund, to be known az and
designated Local Sewerage Improve
ment District No. 2, Bond, Interest and
Sinking Fund, !" that In all cases where
any assessment, or any installment
thereof or interest thereon, as provid-
ed In the said assessment roll for said
Local Sewerage improvement District
No. 2, and In said Ordinance No. 70, as
amended by Ordinance No. so, con-
firming and approving said assess
ment roll, becomes due, the same shall
be paid TO the village treasurer, whose
duty IL IL to collect such assessment.
and all sums 80 paid shall be applied
solely to the payment OF the costs aud
expenses of said sewerage system and
sewerage disposal works, and the re-
dempti0n OF the said bonds issued
therefor
Section Z. That on the 18th days
OF January and July, respectively, in
the year A. ID. 1917, and each year
thereafter 40 long as any OF the inter-
Est coupons appertaining to the bonds
hereby authorized TO be issued remain
outstanding and unpaid. the village
Il casurer shall and he liz hereby nu-
tLorized. ordered and directed to re-
init out OF the moneys In said Local
Sewerage Improvement District No.
2 Bond, Interest and Sinking Fund. In
the form OF check or draft payable in
New York, u. =. A., to he National
Bank of Commerce, Ia the said city
and state of New York, "a sum sdffi-
cient to pay the semi-aDnual interest
accruing IN said bonds on the LIST days
of February and August, respectively,
IN each ear, aud on the 18th day OF
July, Ia the year A.. ID. 1926, the said
village treasurer shall, and he Is here
by authorized, ordered and directed,
out of said Local Sewerage Improve
ment District No. 2 Bond. Interest aud
Sinking Fund, TO remit by check or
diaft. payable In New York. TO said
National Bank OF Commerce, In the
said city and state OF New York, a
sum sufficient to pay the principal
amount OF said bonds becoming due
ON the LIST day Of August next there
after, together with all Interest nc
crusn thereon.
Section 3. That the sale and award
OF the said Special Assessment Sewer
age Improvement Bonds District No. 2.
hereinbefore mentioned, heretofore
made by the chairman and board OF
trustees Of said village upon the best
terms and at lowest rate OF interest at
which said bonds a be sold namely, at
seven % per centum Interest per
anBum, TO Sam A. Forter, OF American
Falls, Idaho, the highest and best bid
der therefor, be and the same Is here
by ratified, approved and confirmed
mt