The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-10-31
ORDINANCE NO. 1885.

"A
RATIFYING AND APPROVING
ALL PROCEEDINGS IN RELA-
TION TO THE PAVING AND I'M
PROVING OF THOSE PORTIONS
OR PARTS OF THE STREETS
AND ALLEYS IN THE CITY OF
WALLACE, COUNTY OF SHO-
SHONE, STATE OF IDAHO. IN
CLUDED IN LOCAL IMPROVE
MENT DISTRICT NO. I AS ES-
TABLISHED BY ORDINANCE
NO. 1913 FROM AND INCLUDING
THE ADOPTION OF ORDINANCE
NO. 12O DECLARING THE IN
TENTION OF THE CITY COUN-
GIL OF SAID CITY TO IMPROVE
SAID PORTIONS OF THE
STREETS AND ALLEYS UP TO
THE TIME OF THE ADOPTION
OF THIS ORDINANCE, INCLUD-
ING THE CONFIRMING, RATIFI-
CATION AND APPROVAL OF ALL,
CONTRACTS, ASSESSMENTS, OR
DINANCBS, RESOLUTIONS AND
ALL PROCEEDINGS IN ANY
WISE IN RELATION TO SUCH
IMPROVEMENT. AND PROVID-
ING FOR THE ISSUANCE OF
BONDS BY THE CITY OF WAL
LACE TO THE AMOUNT OF
FIVE THOUSAND FOUR HUN
DRIED THIRTY THREE AND
EIG H T UR-ONE HUN
DREDTHS DOLLARS, THE BAL
ANCE DUE FOR SUCH I'M
PROVEMENT AND PRESCRIB-
ING THE FORM OF THE BONDS
TO BE ISSUED.
AND COUNCIL OF THE CITY OF
WALLACE:
Section 1. 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.S4, due on account of the
paving and other wise improving the
streets and alleys in Local Improve
ment District No. T. eleven bonds, one
for the sum of four hundred thirty
three and S4-100 dollars ($433S4) and
ten bonds for the sum of five hundred
dollars ($500.00) each, aggregating the
sum of five thousand four hundred
thirtythree and eighty-four one hun
dredths dollars ($5433,SD. That said
bond whose face value is the sum Of
four hundred thirty-three and S4-100
dollars ($433.84 be numbered one
u). That said bonds whose face
value is five hundred dollars ($50O.OO)
be numbered two (2), three CD four
a., five 60 six CO., seven 60, eight
'(S), nine 60, ten GO). and eleven
QD.
That all of said bonds shall bear
date the first day of october, A. d.
1918; that bond numbered one %
shall be payable on or before one year
from date; bond numbered two (2)
shall be payable on or before two
years from date; bond numbered three
CD shall be payable on or before three
years from date; bond numbered four
(D shall be payable on or before four
years from date; bond numbered five
90 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
CD shall be payable on or before seven
years from date; bond numbered
eight (S) 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 Q0) and
QD shall be payable on or before ten
years from date.
That the said bonds bear interest at
the rate of seven per cent per annum
from date until paid, said interest to
be payable annually on the 1st day of
October in aaph Machining On-
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 matur-
ity 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
countersigned 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 Wal
lace, 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. 7.
IMPROVEMENT BOND
Know All Men by These Presents:
That the City of Wallace, in Shoshone
County, Idaho, is indebted to, and for
value received hereby promises to pay,
to bearer Gnsert amount of bond)
lawful money of the United States OF
America, on or before the LIST day of
October, Gnsert year of maturity of
bond) with interest thereon from
date, at the rate Of seven per centum
per annum, payable annually, on the
LIST day Of October in each year, on
presentation and surrender of the an
nexed coupons, bearing the signature
of the Mayor, City Treasurer and City
Clerk of said City, as they severally
become due. Both principal and in
terest of this bond are payable at the
office of the City Treasurer of the
said City of Wallace, Idaho, and are
payable out of Local Improvement
Fund Of Local Improvement District