The Blackfoot optimist. [volume] (Blackfoot, Idaho) 1907-1918, 1916-09-07
ORDINANCE NO. 1876

John r.. Price Company Tor $2Z,IoV
Municipal Coupon Bonds Of the City of
Blackfoot, authorized at special
election held in said City on May
., 1916, under and pursuant to Ordin-
ance No. 191 of said City, providing
for the form and details Of said bonds,
authorizing the issuance and delivery
thereof and providing for the payment
of the principal and interest Of said
bonds.
WHEREAS, at a special election held
in the City Of Blackfoot, Idaho, on
May 9, 1915, under and pursuant to Or
dinance No. 191 of said City, there was
submitted to the qualified electors Of
said City who were tax payers, the
proposition of the issuance by said City
of it's municipal coupon bonds in the
sum of $22,25O for the purpose. of pro-
viding funds to pay the cost and ex-
pense of paving, grading, curbing and
guttering in that part Of the streets in
Local Improvement District No. Is in
said City known as approaches to al
leys. street intersections and cross
walks, and
WHEREAS, more than two thirds of
the votes east at said election on said
proposition were in favor thereof, and
said City did thereafter in the manner
provided by law publish notice of its
intention to issue said bonds and invit-
ing bids therefor, and
WHEREAS, of the bids received pur
suant to said notice the bid offering
the best terms upon, and the lowest
interest at, which said bonds can b'
negotiated by said City was the bid o.
John f. Price Il Company of Seattle
dated June 90, 1915, said bid BEN!
par, accrued interest and premium o
$12.lO on each 100000 bond, SAT-
bonds to bear 5 per cent interest, pay
able semi-annually, to be dated Jul,
1, 1916, and to be delivered to purchase
at Blackfoot, the purchaser agreeing
to furnish blank bonds, and
WHEREAS, it is for the best inter
ests of said City that said bid be &C
copied, now, therefore,
BE 1T ORDAINED, by the Mayo
and Council of the City of Blackfoo
Idaho, as follows:
Section l. That for the purpose afor'
said said City issue it's municipal COZ
pon bonds authorized as aforesaid
the principal sum of $22,250; sal
bonds to be dated July l, 1916, to
numbered from l to % inclusive, to |
of the denominations of 100000 eac
except bond No. % which shall be fl
&25OOO, to bear interest at per ce,
per annum, payable semi-annually {
January LIST and July lst of each yea
for which interest coupons shall be a
tached to said bonds, and to be payab
both principal and interest in gold co
of the United States of the prese
standard Of weight and fineness at t
Office of Kountz Bros. in New 70
Cit. The right of the City shall be !
served to redeem all or any of sa
bonds in numerical order, lowest nu
bers first, on July l, 1926, or on a
interest payment date thereafter un
final maturity Provided, notice of su
intended redemption shall be given
the City official newspaper and in
daily newspaper or financial jour-
published in New York City at le
once thirty days before such REDEEM
ion date. These provisions relating
prior redemption are hereby fixed
determined by said City in the exerc
of the pleasure thereto relating c
ferred upon it by law.
Section 2. Said bonds shall be 81
ell by the Mayor, attested by
Clerk under the corporate seal of $
CITY affixed by the Clerk, countersigl
by the City Treasurer and shall he
gistered by the City Clerk, as provi
by law. The interest coupons 81
he signed by the City Treasurer. +
of said officers is hereby authori
and directed to execute said bonds
aforesaid. The Mayor shall deliver
of said bonds duly executed to the
Treasurer and take and file his rec'
therefor and charge him with :
bonds so delivered. The City Tr
urer shall make a record of said DO
and the City Clerk shall register :
bonds, all as provided in Section .
Idaho Revised Codes as amended
Chapter "a of the 1913 Session law.
said State.
Section ;. Said bonds and coul
shall be in substantially the follow
form:
UNITED STATES OF AMERIC
STATE OF IDAHO
COUNTY IF BINGHAM