The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-09-07

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Lot Ten, Block SO to the North.
west corner of said Block 90 to the
place of beginning. and fund shall
be created and shall be raised as
provided herein. a 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 nonpavment of
assessments, or 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
tions, PAYABLE to bearer, ten years
after date, and bearing interest a
the rate of seven percent per annum
which bonds shall be styled, "Spec
ial Assessment Improvement Bonds
District Number One"
Provided. that the Village o.
Kendrick hereby reserves the RICH
to call and pay all such bonds &C
cording to their numerical order
whenever there shall be sufficicn
money on hand in said Specia
Assessment Improvement Fund No
One to pay one or more of SAT-
bonds.
The bonds shall be issued in al
. aggregate amount. sufficient to pa
| the cost and expenses of such i'm
{ provement in said district. less sue
an amount as has been paid in cash
t by the owners of property, as
5 redemption from said assessment
: and shall be in the denomination
{ of Five Hundred (S500.00) Dollars
except that one bond may be of
less amount to correspond with tn
/ amount owing, and exceptin
! further, that in order to divide tn
!, amount due each year, bonds
!; such an amount as will make tie
f even annual payments may be il
sued.
Section IL. That a contract {
t contracts may be entered into, fe
a the making of the improvement
y herein provided for, in the name {
: the Village of Kendrick, and shall
: for the purpose of carrying tn
/. ordinance into effect, cause to /
e published in the official week
e newspaper, of said Village of Ken
6 rick, notice that the bids will
: received for the construction
k such improvements, which noti'
:, shall contain a general descripti(
e of the kind and amount of work
O be done, the material to be furnis
e ed, and shall state that the pla1
It and specifications for such improv
e ment are on file in the office of tt
f Village Clerk of said Village
e Kendrick at Kendrick, Idado, viii,
}, notice shall be published for thr
e issues of said newspaper.
e All bids must be sealed and d
}, posted with the Clerk of said Vii
g age on or before the time designa
e ed in such notice; the Charm;
;, and Board of Trustees of the Vii
e age of Kendrick, hereby reserv
), the right, in their discretion, to r
st ject any and all bids.
Y That the contract for doing SUI
o improvement work, shall be, VIII
# let, to the lowest responsible bidde
g Provided, however, that the Chat
# man and Board of Trustees, m;
h take into consideration the previo
;, experience of the various bidde,
h Provided further, that after t
st time has expired in which said bi
, are to be filed with the Clerk, Il
# Chairman and Board of Truste