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

Bonds

Said bonds shall bear interest from
their date until paid at the rate OF
seven CD per centum per annum. pay
able semi-annually on the first days
of March and September. respectively,
IN each year, which i~nstallments of
interest to date of maturity of princi-
pal shall be evidenced by appropriate
coupons attached TO each bond; and
both principal of and interest on said
bonds shall be payable in lawful mon
ey of the United States of America, out
of Local Improvement District No. g.,
Bond, Interest and Sinking Fund at
the National Bank of Commerce, in the
( city and state OF New York, L. s. A.
Section 4. That each of said bonds
and each of the interest coupons to
be thereto attached, shall be in sub
stantially the following forms, re-
, spectively, to-wit:
(Form of Bond.)
UNITED STATES OF AMERICA
State of Idaho County of Power
VILLAGE OF AMERICAN FALLS
Special Assessment improvement Bond
Local improvement District No. 5
KNOW ALL MEN BY THESE
PRESENTS, That the village of Amer
lean Falls, of Power county, Idaho,
acknowledges itself to owe and for
value received hereby promises to pay
to the bearer hereof, the principal
sum OF $.--..-.-...."--.. on the ISL day
of September, A. ID. 1926, together
with interest on said sum from the
date hereof until paid at the rate of
seven % per centum per annum, pay
able semi-annually on the LIST days of
March and September, respectively,
in each year, as evidenced by and up
on the presentation and surrender OF
the interest coupons hereto attached
as they severally become due; and
both the said interest or and principal
Of this bond are hereby made payable
i'll lawful money of the United States
of America at the National Bank OF
Commerce, in the city and state oil
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 Loca'
improvement District No. s, Villagt
of American Falls, and not otherwise
This bond is issued by said village
for the purpose of providing funds fol
the construction of cement sidewalks
in said Local improvement District
No. s, pursuant to, under, by virtue
of and in all respects in full anC
strict compliance with the constitu-
ton and Section 2238 of the revised
codes of the state of Idaho, as amend.
ed by Chapter 81 of the 1911 Session
Laws, and Chapter 81, Idaho Session
Laws of 1915, and all laws of sale
state supplementary thereto and
amendatory thereof, and an ordinance
of the said village passed and approx
ed prior to the issuance of this bond
And it is hereby certified. recitet
and warranted that said village i:
now and for some years past has beef
a village of said state, and a bod,
polite and corporate. duly organized
existing and operating under and b,
virtue of the constitution and law
of the state of Idaho, and is now ant
always has been under the control o
a duly organized board of trustees a.
the duly constituted corporate author
ity thereof; that all things, acts ant
conditions required by the constitu
ton and laws of the state of Idaht
and the ordinances of said village, Il
exist and to happen and be done ant
performed, precedent to and in thu
creation of the said Local Improve
ment District No. s, and the construc
tion of cement sidewalks therein ant
therefor, and the issuance of this bono
in order to constitute the said bond tn,
valid and binding obligation of said vii.
Ia ge. and PAYABLE as aforesaid do exiS
and have happened and been done anC
performed in regular and due form
and time; that the total costs and ex
penses of said Improvements have beef
duly levied and assessed as specia
assessments for ! sidewalk improve
ments upon all of the lapAs, lots anc
pieces and parcels of land in said Lo
cal Improvement District No. s, Sc
parately and in addition to all othe'
taxes, and said special assessment