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


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,
they shall thereafter be ncontestible
and their legality shall not be open
10 contest by any person or persons.
corporation or corporations, or by the
said village for any reason or reasons
whatsoever.
Section s. That there be and is
hereby created a local Improvement
fund, TO be known as and designated
Local improvement District No. 9,
Bond, Interest and Sinking Fund; :"
that in all cases where any assess
Inents or any installments thereof or
interest thereon, as provided in the
said assessment roll for said Local
Improvement District No. 3, and in
said Ordinance No. 81, confirming and
approving said assessment roll, shall
fall due. the same shall be paid to
the village treasurer whose. duty II
is TO collect such assessment, and all
sums SO paid shall be applied solely
10 the payment of the costs and ex-
penses OF said sidewalk improvement
and the redemption of the said bonds
issued therefor.
Section Z. That on the 18th days
of February and August, in the year
1917, and on the 18th days of Febru-
AIRY and August, respectively. each
year thereafter. SO long as any OF the
interest coupons remain outstanding
and unpaid, the village treasurer shall
and he is hereby authorized. ordered
and directed TO remit out of the mon
eys in said Local Improvement Dis
srict No. 9, Bond, Interest and Sink
ing Fund, I'm the form Of check or
draft payable in New York. U. s. A.,
10 the National Bank of Commerce.
in the city of New York, a sum suffi-
Client to pay the semi-annual interest
a%ccruing on said bonds on the first
days of March and September, re-
spectively in each ear. n on the
18th day of August. 1926, the said VII
lage treasurer shall. and he is hereby
authorized. ordered and directed, out
of the aid Loca Improvement Dis
trict No. 3. Bond. Interest and Sinking
Fund. to remit by check or draft. pay
able In New York, a sum sufficient to
pay the principal mount OF said bonds
then outstanding. due and unpaid. to-
gether with all interest accrued there
on.
Section 8. That the sale and award
of the said Special Assessment I'm
provement Bonds, District No. .. here
fnbefore mentioned, heretofore made
by the chairman and the board OF
trustees OF said village upon the best
terms and at the lowest rate OF inter
est at which said bonds can be sold.
namely, at seven % per centum in
serest per annum to Sam A. Forter.
be and the same Is hereby ratified.
approved and confirmed.
Section o. That the chairman and
board of trustees n the clerk and
treasurer, respectively, OF said viii
iage, all, any or either of them. are
hereby authorized. ordered and direct
ed to furnish the aforesaid purchasers
of said bonds with such certificates.
transcripts, or other documents as
will fully evidence the proceedings
had preliminary to the issuance OF
said bonds. the regularity N suffi-
cheney thereof. and the acts of any
one or all OF said officers are hereby
authorized. ratified. approved and con-
firmed.
section 10. That II be and Ii here
by certified, recited and warranted
that all conditions, acts n things
necessary and essential to the validity
of the bonds hereinbefore mentioned
and required by law to be done, have
been fully one N performed.
Section IL. That the provisions OF
this ordinance and each OF the bonds
and zach OF the interest coupons Is
sued pursuant thereto, shall consti-
tute and the same are hereby declar-
I'd to be "A binding and ~irrevocable
contract between said village and the
purchaser of said bonds and the hold
ar from time to time of each OF said
bonds, and the interest coupons there
40 appertaininB.
Section ~. That all resolutions.
ordinances or orders, or parts there
of. IN conflict with the provisions
hereof. be and the same are hereby
repealed, rescinded and annulled.
SECTION -. That this ordinance
shall b. forever irrepcalable until the
indebtedness hereby created. both as
20 principal and interest. shall have
been fully paid. satisfied and dis
charged as provided by the constitu-
tion and statutes OF the state of Ida
no.
Section IA. That this ordinance be-
Ing for the purpose of providing funds
for the immediate payment OF The costs
and expenses of Improvement In said
Local Improvement District No. ., is
necessary for the immediate preserva-
tion of the public peace, health and
safety and IN emergency exists, n
the same shall therefore be In full
force and effect from and after Its
passage and approval and due publ
cation according To law.
PASSED AND APPROVED this 9th
day of December, A. ID. 1916.
(Seal) H.. {. WONES
Chairman. Board of Trustees.
ATTEST: o. +. CROWLEY,
Village Clerk.