The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-04-05

up to the time of the adoption of this
Ordinance, including the confirming,
ratification and approval of all con-
tracts, assessments, ordinances, rese-
lutions and all proceedings in any
wise in relation To such Improvement;
| providing for the payment of Eighteen
| hundred five and 45-l00 dollars
| (SlS05.45) to the city of Wallace or
| its order from moneys collected from
the owners of property within such
Local Improvement District No. 5 and
providing for the issuance of bonds
| by the City of Wallace to the amount
of seven hundred siXty-siX and 47-100
dollars &766.47), the balance due the
said City Of Wallace for such i'm
provement and prescribing the form
of the bonds to be issued and direct
ing the City Treasurer to transfer
from moneys collected from property
owners in said district. the sum of
Ten hundred thirty-eight and 9S-l00
| ($l03S.9S) the amount already ad-
vanced from the General Fund for
the benefit of property owners in con-
nection with the Improvement of said
District to the General Fund of said
| City.
BE IT ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
WALLACE:
Section /. That there he paid from
moneys collected from the property
owners and from Bonds to be issued
on account of Local Improvement
District No. of the City of Wallace
in Shoshone County, State of Idaho.
to the City of Wallace, or its order for
the improvement of the streets in
| said Local Improvement District No
8, the City of Wallace having adj
vanced all moneys necessary to COM
plete the said improvement, on the
special fund collected by the City
Treasurer from the property owners
and from the sale of bonds of said
district, the sum of Eighteen hundred
five and 45-100 dollars ($lSO5,45), and
that the City Treasurer transfer from
the moneys on hand collected by him
from the property owners in said
district the sum of Ten hundred thir-
ty-eight and 9S-10O dollars ($l03S9S),
the amount, the amount now on hand
to the credit of said district, for and
on account TO advances heretofore
made by the City of Wallace for the
benefit of property owners in said Lo-
cal Improvement District No. s, to the
General Fund of said City,
Section 2. That there be issued by
the City of Wallace, to it's order for
the balance of seven hundred sixty
six and 47-100 dollars ($766.4O due
the said City for moneys advanced for
the construction of said improve
ments ten Q0) bonds, five Of which
shall be for the sum of one hundred
dollars, ($l0O00) each aggregating
five hundred dollars ($500.00), and five
of which shall be for the sum Of fiji
ty-three and 29-100 dollars ($53.2O
each, aggregating two hundred sixty
six and 45-100 dollars ($26G45) maxi
ng grand total aggregation of sew
en- hundred siXtysix and 45-1O0 dol
lars ($766.45). That the said bonds
whose face value is the sum of one
hundred dollars ($l0OO0) be number
ed one Cd, three (3), five CD, seven
60, nine (9), and that the said bonds
issued for the amount of fifty-three
and 29-1OO dollars ($53.29) be num-
bered two (2), four ca, six CO., eight
(S) and ten G0).
That all of said bonds shall bear
date the thirteenth day of November,
A. d. 1916, the date on which said i'm
provement was accepted by the City
Council of the said City: that bonds
numbered one and two shall be pay
able in one year from date; bonds
numbered three and four shah be
payable in two years from date; bonds
numbered five and six shall be pay
able in three years from date; bonds
numbered seven and eight shall be
payable in four years from date;
bonds numbered nine and ten shall
be payable in five years from date.
That the. said bonds bear interest at
! . hn 70 Of
from date until paid, said interest to
be payable annually on the 18th day
of November in each year beginning
November 10, 1917; that there be at
tached to each bond interest coupons.
one coupon for each years interest
from the date of the bond up to the
maturity thereof, provided, however,
that any one of said bonds may be re-
deemed at any time by paying the
principal thereof together with all IN
terest coupons up to and including
the coupon first maturing thereafter.
That the said bonds and interest bear
ing coupons shall be signed by the
Mayor, attested by the City Clerk and
countersgned by the City Treasurer;
that the said bonds and interest there
on shall be payable at the office of the
City Treasurer in the City of Wallace,
Shoshone County, Idaho, and they
shall be registered by the City Treas
urer as required by law.
| That the said bonds shall be sub
stantially in the following form, bear
ing dates of maturity and for the
amounts as hereinbefore specified, to-
wit:
NUMBER AMOUNT
UNITED STATES OF AMERICA
STATE OF IDAHO
COUNTY OF SHOSHONE
CITY OF WALLACE
Local Improvement District No. S
IMPROVEMENT BOND
| KNOW ALL MEN BY THESE
PRESENTS: That the City Of Wal
lace, in Shoshone County, Idaho is
indebted to, and for value received
hereby promises to pay to, bearer,
(insert amount Of bond) lawful money
I of the United States of America, on
the 18th day of November Qnsert year
of maturity of bonO with interest
thereon from date, at the rate of sew
en- per centum per annum, payable
annually, on the 13<h day of Novem-
Der in each year. on presentation and
lon, nf the annexed COUPONS.