The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-11-07
ORDINANCE NO. 1856.


AND ALLEYS IN THE CITY OF
WALLACE COUNTY OF SHO-
SHoNE, STATE OF IDAHO, IN
CLUDED IN LOCAL IMPROVE !
MENT DISTRICT NO. AS ES-
TABLISHED BY ORDINANCE
NO. 1913 FROM AND INCLUDING
THE ADOPTION OF ORDINANCE
NO. 40 DECLARING THE IN
TENTIoN OF THE CITY COUN-
SAID PORTIONS OF THE
STREETS AND ALLEYS UP TO
THE TIME OF THE ADOPTION
of THIS ORDINANCE, INCLUD-
ING THE CONFIRMING, RATIFl-
CATION AND APPROVAL OF ALL
CONTRACTS, ASSESSMENTS, OR
DINANCES, RESOLUTIONS AND
ALL PROCEEDINGS IN ANY
WISE IN RELATION TO SUCH
IMPROVEMENT, AND PROVlD-
ING FOR THE ISSUANCE OF
LACE TO THE AMOUNT OF
FIVE THOUSAND FOUR HUN
DRIED THIRTY THREE AND
EIGHTY FOU r o. E ii u N
DREDTHS DOLLARS, THE BAL
ANCE DUE FOR SUCH I'M
PROVEMENT AND PRESCRlB-
ING THE FORM OF THE BONDS
TO BE ISSUED.
BE IT ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
WALLACE:
Section l. That there be Issued by
the City of Wallace, to Henry j. Kali
ser or bearer for the balance OF FIVE
Thousand four hundred thirty-three
and eighty -four one hundredths dol
lars ($5433.8D, due on account of the
paving and other wise improving the
streets and alleys in Local Improve
ment District No. Z, eleven bonds, one
for the sum Of four hundred thirty
three and S4-100 dollars ($433,SD and
ten bonds for the sum of five hundred
dollars ($5O0O0) each, aggregating the
sum of five thousand four hundred
thirty three and eighty-four one hun
dredths dollars ($5433.SD. That said
bond whose face value is the sum or
four hundred thirty three and S4-1O0
dollars ($433SD be numbered one
%. That said bonds whose face
value Is five hundred dollars ($5OO.00)
be numbered two CD, three CD four
4), five (5), six Co, seven CD, eight
(S), nine 60, ten Q0), and eleven
QD.
That all of said bonds shall bear
date the first day of october, A. ID.
1918; that bond numbered one Cd
shall be payable on or before one year
from date; bond numbered two CD
shall be payable on or before two
years from date; bond numbered three
go shall be payable on or before three
years from date; bond numbered four
"a shall be payable on or before four
years from date; bond numbered five
60 shall be payable on or before five
years from date; bond numbered Six
co shall be payable on or before six
years from date; bond numbered seven
% shall be payable on or before seven
years from date; bond numbered
eight go shall be payable on or be-
fore eight years from date; bond num-
bered nine (9) shall be payable on or
before nine years from date; bonds
numbered ten and eleven GO) and
Q1) shall be payable on or before ten
years from date.
That the said bonds bear interest al
the rate of seven per cent per annum
from date until paid, said interest &c
be payable annually on the LIST day OF
October in each year beginning Oc-
tober LIST, 1919, that there be attached
to each bond interest coupons, one
coupon for each years interest from
the date of the bond up to the matnr'
ity thereof provided. however, thai
any one of said bonds may be re-
deemed at any time by paying the
principal tiltitOl loStiIiti WIN ''ii ~
terest coupons up to and includina
the coupon first maturing thereafter
That the said bonds and interest bear
ing coupons shall be signed by thu
Mayor, attested by the City Clerk ant
countersigned by the City Treasurer
that the said bonds and interest there
on shall be payable at the office o
the City Treasurer in the City of Wal
lace Shoshone County, Idaho, and the,
49, 49, fNRn pss
urer as required by law.
That the said bonds shall be sub
stantially in the following form, bear
ing dates of maturity and for tn
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. Z,
IMPROVEMENT BOND
Know All Men by These Presents
That the City of Wallace, in Shoshon
County, Idaho. is indebted to, and TO
value received hereby promises to pay
to bearer, Cnsert amount of bond
lawful money of the United States o
America, on or before the LIST day o
October Qnsert year of maturity o
bOnd) with interest thereon iron
date, at the rate of seven per centun
per annum, payable annually, on tn
LIST day of october in each year, o.
presentation and surrender of the an
nexed coupons bearing the signatur
of the Mayor, City Treasurer and Cit
Clerk of said City, as they several
become due. Both principal and in
terest of this bond are payable at tn
office of the City Treasurer of tn
said City of Wallace, Idaho, and ar
payable out of Local Improvement
Fund of Local Improvement Distric
No. Z created for the payment of tn
costs and expenses for the construc
ton of improvements in said Loca
Improvement District No. Z, and no
otherwise. provided, however, that TIL
bond may be redeemed at any tim
by paying the full amount of the prin
cipal thereof together with the inter
est coupons hereto attached up to an
including the coupon first maturin
thereafter
This bond Is one of eleven bonds o
like date, tenor and effect except a
to times of payment and amounts o
bond numbered from one to clever
inclusive, aggregating five thousan
four hundred thirty-three and $40
dollars ($543S.S4 issued by the Cit
of Wallace, County of Shoshone, Stat
of Idaho, for the purpose of payin