The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1916-02-15

purposes, in full compliance with the |
laws of the State of Idaho in such
case made ana provided.
IN TESTIMONY WHEREOF. we |
have hereunto set our Official hands |
and affixed the seals of our respective |
offices, at Twin Falls, Idaho, this |
day of-..-...-......., A. ID. 1916
(SEAL) .............. ..................
City Clerk
(sEAL) .....-.........................,........
City Treasu' er.
SECTION g. Notice, by publication
in Twin Falls News and Twin Falls
Times, newspapers, published within
the City of Twin Falls, for a period of
at least four weeks, by weekly inser-
ton therein, shall be given of the in
tention of the City of Twin Falls to
issue and negotiate said bonds, and in
vite bidders therefor; the council shall
open and consider the bids received
for said bonds in open meeting, and
after ascertaining the best terms upon
which said bonds can be negotiated,
said bonds shall be awarded and de-
livered to the highest and most re-
sponsible bidder therefor payment for
said bonds shall be made prior to de-
/ livery and in cash or upon a basis of
equal advantage to the City of Twin
Falls, and in the City of Twin Falls,
at the office of the Treasurer thereof
not later than April 1st, A. d. 1916;
prior to the delivery of said bonds, to
the purchaser thereof, said bonds
must be registered by the City Clerk,
in public record book to be kept for
that purpose, and therein must be
stated the number, date, amount of
each bond, time and place of payment,
rate of interest, number of coupons
attached, and any other proper des-
cription thereof which may be used
for future identification of said bonds a;
and in no case must said bonds be
sold for less than their face or par
value, and the interest accrued there
on at the time of said sale; all pro-
Z ceeds derived from the sale of said
2 bonds must be applied exclusively for
the purpose for which said bonds are
t issued; the City Treasurer shall keen
2 a record of all bonds sold, as herein
( provided, showing their number, rate
of interest, date and amount of sale
g and when and where payable, which
l record must be kept open for the in
= spection of the public, at all reason.
f able office hours, and he must max,
Y such detailed statements to, and as of
ten as required by, the mayor or coun
f Gil, of all matters within his know
e ledge, had in relation to this transac
: ton.
& SECTION A. That the City Clerl
If and the City Attorney are hereby au
h thorized, ordered and charged with tn
: duty of supervising and properly eff
/ fectuating as and in the manner pro
d vided by law accepted and prope
Il form, custom and practice, the provi
hnTnln a hove rn lof V
d to the issuance, execution and nego
t tiation of said bonds.
d SECTION 5. That for the purpos
IS of providing for the payment of tn
d principal and interest of said bond
y promptly as same shall become due
Y the Mayor and Council shall, in &C
e cordance with the provisions and ia
-e levies hereinafter indicated to be mad
If for the collection of an annual ia
1, sufficient to pay the interest on sal
y bonds, and the principal of said bonds
l. as they respectively become due
r cause to be levied annually, a direC
n tax upon all the taxable propert
i with said city, in addition t
-e other authorized taxes. in a sufficier
n sum to pay said interest, and mus
in in time to provide means for the pay
y, ment of said bonds, as they becom
d ditional sum to pay said bonds, at tn
E. maturity thereof; all of such take
Id must be levied, assessed and cOllecte
T. as other city taxes, until the bond
e. herein provided to be issued are full
is paid, including the interest thereon
lie the full faith, credit and all taxabl
Id property within the City of Twin Fall
lie are, and shall continue, pledged fc
ID said payment of principal and interes
d. upon said bonds, and the proper off
s, GERS of the city must and shall cor
is tinue to assess and collect upon a
D. taxable property within the limits {
lie said City, such necessary taxes to pa
as said bonds and interest, as the sam
IN become due; should the aforesaid ia
lie not be levied or collected in time I
f. meet the payments of interest or til
i principal of said bonds, respectivel
e. said payments must be made out
any moneys in the general or expens
he fund of the City of Twin Falls, an
by the money so used for such payment
as must be repaid to said fund or fund
he out of the first moneys thereafter co
he lected as taxes; PROVIDED, How
ty EVER, that none of the provision
r herein contained for the levy of
as rect tax upon all of the taxable pro-
x erty within the City of Twin Fall
of for the payment of the interest al
st principal of the said bonds herein pr
vided for; shall preclude or estop Il
m application, by proper authorizatio
10. of the council of said City, of any su
plus, net earnings, or funds derive
.... from the operation of the waterworl
er. system for the purchase Of when sa
bonds are issued, to the payment
said interest or principal of SUI
bonds, in lieu of the levy and cole
ton of an equal amount of taxes to
applied to the same purpose and
hereinabove provided for; and 1t sha
be the duty of the City Council, al
d, all other officials of said City, in al