The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1916-02-29

{
/ The City Council of the City Of Twin
Falls met in regular session in pursu-
ance to adjournment of the regular
meeting of Monday, February DIST. at
] the regular meeting place OF said
/ Council, to-wit: Commercial Club
i.D,lu. .n ut Royo BOSS on Main
/ Avenue In the said City OF Twin Fails.
on the 2Sth day of February, a ID.
/ 1916, at the hour of eight o'clock p. NJ
The meeting was called to order by
the Mayor Upon roll call the fol-
lowing members and officials were
found to be present:
Mayor E. M. Sweeley,
Councilman c. NJ Smith
Councilman r. e. Boiler,
Councilman f. F. Bracken
Councilman r. A. Parrott,
r. NJ. Williams, City Clerk
constituting the entire Council
Also present
George Herriott, City Attorney.
w f. Porter, Street Commissioner
The following proceedings were duly
had and taken pursuant to law:
City Attorney George Herriott ad-
/ vised the Council that the form OF
bond as adopted by Ordinance No 174.
/ through stenographic oversight. did
! y
regarding the right of the city of
Twin. Falls to redeem the bonds, as
provided for in said Ordinance, after
April /, 1926, and recommended that
a resolution be passed by the Council
amending the form of bond so as to
make proper provision for the exercise
of such option by the City.
THERBUPON Councilman PARROT
/ introduced and read the following re
solution:
RESOLUTION
WHEREAS the form of bond as
adopted and prescribed for the issu-
ance of CITY OF TWIN FALLS WA
TER WORKS PURCHASE BONDS.
1916 SERIES A." dated April /, 1916.
in the aggregate amount of $S0.0000O,
| bearing per cent. interest, did not
embody the requisite provisions so
that the City of Twin Falls may re-
deem said bonds at its pleasure. any
! time after the first day of April. A.
! d. 1926; although the substance of the
aforesaid ordinance provides for the
right to exercise such option by said
City, and
WHEREAS the exercise of such OPP
ton by the City of Twin Falls was the
original intent and purpose and man
of said bonded Indebtedness.
NOW THEREFORE,, BE 1T RE
| SOLVED AND ORDERED BY THE
MAYOR AND THE CITY COUNCIL
OF THE CITY OF TWIN FALLS, IN
TWIN FALLS COUNTY, STATE OF
IDAHO,
nat Section II Of Ordinance No. ia.
of the City of Twin Falls, be amended
and supplemented to read as follows:
SECTION IL. Said bonds and cou-
pons thereto attached shall be in sub
stantially the following form
UNITED STATES OF AMERICA
STATE OF IDAHO
COUNTY OF TWIN FALLS
CITY OF TWIN FALLS
WATER WORKS PURCHASE BOND,
1916 SERIES "a"
DUE APRIL 1, 1886.
No. 100000
KNOW ALL MEN BY THESE PRES
ENTS, That the City of Twin Falls, in
the County of Twin Falls, in the State
of Idaho, acknowledges itself indebted
and for value received hereby prom
Uses TO pay to the bearer or holder
hereof, the sum of
ONE THOUSAND DOLLARS
in lawful money of the United States
of America, on the first day of April,
A. d. 1886, with interest thereon from
the date hereof, at the rate of five per
centum Is per cent? per annum, pay
able semi-annually on the first day of
January and the first day of July in
each year that said bond is to run,
upon the presentation and surrender
of the interest coupons hereto attach
ed, to evidence said interest; both
principal and interest payable at the
office of the City Treasurer in the
City of Twin Falls, County of Twin
Falls, State of Idaho, or at the First
! National Bank, in the City and State
of New York, u. S. A., at the option
of the holder of this bond and the at
tached coupons respectively; and for
/ the prompt payment of said principal
and interest, the full faith, credit, re-
sources and all taxable property of the
said City are hereby irrevocably
pledged
The City of Twin Falls hereby re-
serves the right, at it's option, to re-
deem this bond upon any interest date
after the 1st day of April A. D. 1926,
and prior to the maturity thereof.
THIS BOND is one of a series of
like tenor and date, issued for the
purpose of raising funds for the &C
/ QUESTION, by purchase, of the existing
waterworks system within the City of
! Twin Falls, to supply said City with
water for fire, domestic and CONNER
cial purposes; said system to be own
/ ed, maintained and operated by said
City, under, by virtue of and in full
and strict conformity with the provi-
sions of the Idaho Constitution and
with Chapter II of Title Is of Part
] &c =, u 4
Codes of Idaho (1908), being Sections
23l5 to 1922 thereof, inclusive, and any
and all other laws and authority
thereunto supplemental, amendatory
or enabling; and in pursuance OF the
necessary ordinances and all requisite
legal action by the City Council of
said City, duly passed and published,
and any and all other officials legally
or otherwise connected with the issu-