The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-08-31

lot Ten and along the West line of
Lot Ten, Block Sc to the North
west corner of said Block 96 to the
place of beginning. and a fund shall
be created and shall be raised as
provided herein, fund to be kept
and known as, Especial Assessment
for Improvement Fund, District No.
One" into which shall be paid all
the moneys raised and paid under
the assessment, as in this ordinance
provided: such fund being hereby
created for the purposes of paying
the cost and expenses of the i'm
provements herein provided, and
for redemption of the bonds and
the interest thereon which may be
issued, as provided by this ordinance
and the laws of the State of Idaho.
Provided, that in no case nor in
any event shall the Village Of Kend-
rick be or become liable tor the
payment Of all or any part of the
cost or expense of such improve
ment, herein provided for, or of
any bond or bonds, or interest
thereon, which may be issued under
the provisions hereof; that the
remedy for the nonpayment of
assessments, OF nonpayment Of
bonds issued hereunder shall be
confined solely to the provisions of
the laws of the State of Idaho.
Section 10. For the purpose of
paying the cost and expenses of
such improvements, there shall be
issued by the Village of Kendrick,
Idaho negotiable coupon bonds as
provided by Chapter 81 Acts of the
Legislature of the State of Idaho,
approved March Is, 1915 and as
amended by the provisions of
Chapter %, Acts of the Legislature
of the State of Idaho, 14th Session,
A. D. 1917, and to add certain Sec
lions, PAYABLE to bearer, ten years
after date, and bearing interest at
the rate of seven percent per annum,
which bonds shall be styled, "Spec-
ial Assessment Improvement Bonds,
District Number One"
Provided. that the Village OF
Kendrick hereby reserves the right
to call and pay all such bonds &C.
cording to their numerical order
whenever there shall be sufficient
money on hand in said Special
Assessment Improvement Fund No
One to pay one or more of SAID
bonds.
The bonds shall be issued in ar
aggregate amount. sufficient to pay
the cost and expenses of such i'm
provement in said district. less such
an amount as has been paid in cash
bv the owners of property, as
redemption from said assessment
and shall be in the denomination
of Five Hundred ($500.0O) Dollars
except that one bond may be of I
less amount to correspond with tn
amount owing, and exceptin,
further, that in order to divide tn
amount due each year, bonds il
such an amount as will make tel
even annual payments may be is
sued.
! Section II. That a contract O
contracts may be entered into, TO
the making of the improvement
herein provided for. in the name o
the Village of Kendrick, and shall
for the purpose of carrying thi
ordinance into effect, cause to b
published in the official week.
newspaper of said Village of Keno
rick, notice that the bids will b
received for the construction G
such improvements, which motto
shall contain general description
: of the kind and amount of work t
} be done, the material to be furnish
: ed, and shall state that the plar
t and specifications for such improv,
e ment are on file in the office of tn
Village Clerk of said Village {
E Kendrick at Kendrick, Idado, whic
notice shall be published for thre
E issues of said newspaper.
e All bids must be sealed and d.
i, posted with the Clerk of said Vii
: age on or before the time designa
e ed in such notice; the Chairma
:, and Board of Trustees of the Vii
e age of Kendrick, hereby reserve
!, the right, in their discretion, to r.
ject any and all bids.
Y That the contract for doing sue
0 improvement work, shall be, whe
let, to the lowest responsible bidder
2 Provided, however, that the Chat
man and Board Of Trustees, ms
h take into consideration the previol
experience of the various bidder
h Provided further, that after tt
t time has expired in which said bic
are to be filed with the Clerk, tt
4 NJ o-I Do,,J &c Tr,,,% -,