The daily star-mirror. (Moscow, Idaho) 1911-1939, 1917-05-22
LEGAL ADVERTISING
ORDINANCE NO. 457

nance NO. 435 or the City or MOSCOW,
idaho, being an Ordinance providing
for the payment of the costs and ex-
penSGS for improvements, by paving,
curbing, and construction of storm
sewers in Local improvement District
No. 8, in the City of Moscow, Idaho,
by installments, and providing for the
issue of special assessment Local I'M
provement Bonds in said District in
the SUM of Six Thousand, Nine Hun
dred and Eight Dollars and Sixty
eight Cents ($6908.68), or such less
amount as shall remain unpaid, for
such improvements, after the period
for redemption shall have expired, and
providing the form of such bonds.
Levying, fixing and ratifying such
assessment upon all of the property
in Local improvement District No. 8
of the City of Moscow, subject to the
payment of the cost and expense of
such improvements, and for the pay
ment Of said Local Improvement
Bonds.
BE 1T ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
MOSCOW, Idaho:
Sec. l. That Sec. of Ordinance
No. AS of the City of Moscow, Idaho,
be and the same is hereby amended to
read as follows:
Sec. f. That for the purpose of pay
ing the cost and expenses of the inn
provements in Local improvement
District No. 8 there shall be issued in
the name of the City of Moscow, Ida
no, Local Improvement Bonds, in the
amount due and owing for such i'm
provements, after deducting any cash
payments made, at the rate by the
assessment rod, and agreement Of
The Standard Asphalt Company to be
accepted instead of bonds. Such
bonds to be issued in denominations
of two hundred dollars, and in such
smaller bonds as may be required to
divide the total amount OF said bonds
into ten equal installments, and shall
be numbered from one upwards con-
secutively, dated January LIST, 1917,
and payable in ten equal installments,
one On the 1st day of JAN, 1913, and
one on the first day Of January oil
each year thereafter up to and in
Guiding January LIST, 1927, at which
time the last of said bonds shall be
payable.
Sec. 2. That Section 5 of Ordinance
No. 435 be and the same is hereby
amended to read as follows:
Sec. 5. Said bonds shall bear in
terest at the rate of six per cent per
annum, payable annually, on the first
day of January in each year, after
A. D. 1917, until January LIST, 1927, !
which shall be evidenced by coupons
for each years interest of a proper
form, and attached to said bonds,
which shall be substantially in the
following form:
UNITED STATES
OF
AMERICA
No .... $...........
State of Idaho County of Latah
CITY OF MOSCOW
LOCAL IMPROVEMENT DISTRICT
No.
IMPROVEMENT BOND.
KNOW ALL. MEN BY THESE
That the City of Mos
COW, in Latah County, Idaho, is in
debted to, and for value received
hereby promises to pay to, bearer
TWO HUNDRED DOLLARS
lawful money of the United States of
America, on the 1st day of January,
1917, with interest thereon from date,
at the rate of six per cent per annum,
payable annually, commencing on the
1st day of January, 1918, and on the
LIST day Of January in each year, until
the last payment which shall mature
january LIST, 1927, on presentation and
surrender of the annexed coupons,
bearing a fac-simile of the signature
of the Mayor and Clerk of said City,
as they severally become due. Both
principal and interest of this bond are
payable at the office of the Treasurer
of said City of Moscow, Idaho, and
are payable out of the Local I'm
Fund of Local Improve
ment District No. s created for the
payment of the costs and expenses for
the construction of improvements in
said Local Improvement District No.
8, and not otherwise.
This bond is one of series OF
bonds of like date, tenor and effect, ex-
cept as to denomination and time OF
payment, numbering consecutlvely :
from 1 to ....... aggregating ......
issued by the Mayor and Council OF
the City of Moscow, Idaho, for the
purpose of paying the costs and ex-
penses of the improvements in said
Local Improvement District No. 8.
pursuant to Ordinance No. 408 duly
and regularly passed by the Mayor
snd Council of said City, and pub
ished on the 10th day of July, 1915, {
and Ordinance No. 422 of said City,
July and regularly passed by the
Mayor and Council of the said City.
md published on the 10th da of March,
GIG, under and byauthority of, and
n accordance and full compliance with
he general laws of the State OF Ida
10, and especially Section 1858 of Ida
10 Revised Codes, as amended by the S
legislature of the State of Idaho, by r
lct approved March Is, 1911, the 18th
of which is as follows:
''The holder of any bond issued un-
erl the authority of this section shall
ave no claim therefor against the city n
II village by which the same is issued, =
a any event; except from collection OF
he special assessment made for the
for which said bond was
ssued, and this remedy, in case OF non n
ayment shall be confined to the en-
orcement of such assessment.
opy of this subdivision shall be plain I
y written, printed or engraved upon
he face of each bond as issued" =,