The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-04-11
ORDINANCE NO. 1872.

An ORDINANCE CONFIRMING,
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. 8 AS Els
TABLISHED BY ORDINANCE NO.
122 FROM AND INCLUDING THE
ADOPTION OF ORDINANCE NO.
1I9 DECLARING THE INTENTION
OF THE CITY COUNCIL OF SAID
CITY TO IMPROVE SAID POR-
TONS OF THE STREETS AND
ALLEYS UP TO THE TINE OF
THE ADOPTION OF THIS ORDI-
NANCE, INCLUDING THE CON-
FIRMING. RATIFICATION AND
APPROVAL OF ALL CONTRACTS.
ASSESSMENTS, Or DIN A Noes.
RESOLUTIONS AND ALL PRO-
CEEDINGS IN ANY WISE IN RE-
LATION TO SUCH IMPROVE
MENT, AND PROVIDING FOR
THE ISSUANCE OF BONDS BY
THE CITY OF WALLACE TO THE
AMOUNT OF, FIVE THOUSAND
DOLLARS ($5,OOO.OO) THE BAL
ANCE DUE FOR SUCH I'M
PROVEMENT AND PRESCRIB-
ING THE FORM OF THE BONDS
TO BE ISSUED.
BE 1T ORDAINED BY THE MAYOR
AND COUNCIL OF THE CITY OF
WALLACE:
Section /. That there be issued by
the City Of Wallace, to Henry ]. Kali
ser or bearer for the balance of Five
Thousand Dollars ($5,000.0O, due on
account of the paving and otherwise
improving the streets and alleys In
Local improvement District No. g. ten
(10) bonds, for the sum of Five Hun
bred Dollars ($50O.00O each, aggregat-
ing the sum of Five Thousand Dollars
($5,000.00). That said bonds whose
face value is the sum of Five Hundred
Dollars ($500.00) be numbered one %,
two (2), three CD, four ca, five (5),
six co, seven ca. eight (S), nine 90,
and ten 10).
That all of said bonds shall bear
date the first day of November, A. d.
1917. That bond numbered one %
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
CD shall be payable on or before three
years from date; that bond numbered
four (4 shall be payable on or before
four years from date; bond numbered
five 60 shall be payable on or before
five years from date; that bond num-
bered six CD shall be payable on or
hot OF a TO M -
bered seven ca shall be payable on
or before seven years from date; that
bond numbered eight (S) shall be pay
able on or before eight years from
date; bond numbered nine CO. shall be
payable on or before nine years from
date; bond numbered ten 10) shall be
PAYABLE on or before ten years from
date.
That the said bonds shall bear in
terest at the rate of seven per cent per
annum from date until paid, said in
terest to be payable annually on the
first day of November, in each year
beginning November l, 1918; that
there be attached to each bond inter-
est coupons, one coupon for each
years interest from the date of the
bond up to the maturity thereof, pro-
vided, however. that any of said bonds
may be redeemed at any time by pay
ing the principal thereof together with
all interest coupons up to and includ-
ing the coupon first maturing there
after. That the said bonds and in
terest bearing coupons shall be sign
ed by the Mayor and attested by the
City Clerk and countersigned by the
City Treasurer: that said bonds and
interest thereon shall be payable at
the office of the City Treasurer in the
City of Wallace, Shoshone County,
Idaho. and they shall be registered by
the City Treasurer 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:
NJrMRER AMOUNT