The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1917-09-14

lot Ten and along the West line of
Lot Ten, Block SO to the North
west corner of said Block 90 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, 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
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 an
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,
by the owners Of property, as
redemption from said assessment,
and shall be in the denominations
of Five Hundred ($500.00) Dollars
except that one bond may be of g
less amount to correspond with the
amount owing, and excepting
further, that in order to divide the
amount due each year, bonds ii
such an amount as will make ter
even annual payments may be is
sued.
Section II. That a contract o.
contracts may be entered into, fol
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 Kend
rick, notice that the bids will b.
received for the construction O
!, such improvements, which MOTTO
shall contain a general description
, of the kind and amount of work t.
, be done, the material to be furnish
, ed, and shall state that the plan
, and specifications for such improve
, ment are on file in the Office of tn
Village Clerk of said Village o
, Kendrick at Kendrick, Idado, whicl
notice shall be published for tire
, issues of said newspaper.
: All bids must be sealed and de
posted with the Clerk of said Will
, age on or before the time designat
. ed in such notice; the Chairmal
and Board Of Trustees of the Will
, age of Kendrick, hereby reserve
the right, in their discretion, to re
ject any and all bids.
That the contract for doing sucl
, improvement work, shall be, whel
let, to the lowest responsible bidder
. Provided, however, that the Chair
man and Board of Trustees, ma.
take into consideration the previou
experience of the various bidders
/ Provided further, that after tn
! time has expired in which said bid
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