Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1918-05-17

stitute the said bond the valid and
binding Obligation Of said city, and
payable as aforesaid. do exist and
have happened and been done and
performed in regular and due form
and time; that the total costs and ex-
renses OF said Improvement have
been duly levied and assessed as spe-
cial assessments for sewerage Inn
Il provementB upon all Of the lands
lots- or pieces and parcels Of land in
said Local Sewerage Improvement
District No. !, separately and in ad-
dition to all other taxes, and said spe-
/ ciai assessments are a. lien upon said
| lands, lots, and pieces and parcels of
land, and take precedence OF all 9TH
er Hens; that due provision has been
made for the collection OF said special
assessments and for the levy and
collection of a direct annual tax. suf-
ficient TO pay the interest accruing
hereon promptly when and as the
same falls due and also to discharge
the principal hereof at maturity.
In conformity with subdivision l g,
chapter 80, of said session laws of
1911, 1t is hereby recited that THE
holder of any bond issued under the
Authority of this chapter, shall have
no claim therefor against the city
town or village by which the same is
issued in any event, except for the
collection OF the special assessment
made for the work OF improvement
for which said bond was issued, but
this remedy, in case of non-payment,
shall be confined to the enforcement
OF such assessment.
"a copy of this subdivision shall
be-. plainly written. printed or en-
graved upon the face of each bond SO
! issued"
This bond is lredeemable by said
city on any interest payment date, up
ON call Of the Treasurer of said city
made prior thereto by publication for
thirty 900 days in the Official news
paper following the delinquency of
! my. installment OF the assessment.
In Testimony Whereof, The city of
Montpelier, of Bear Lake County.
Idaho, by its city council, has caused
this bond to be signed by the mayor
of said city and attested by the clerk
thereof, countersigned by the city
treasureri sealed with the corporate
seal of said city and recorded by said
/ clerk; and each of the twenty (20)
interest coupons hereto attached to
! be signed by the engraved facsimile
signatures of the said mayor ,treasur-
err and clerk the LIST day OF February,
A. d., 1918.
\ (SEAL)
Mayor.
Attest
Clerk
Countersigned:
@ (Form of Coupon)
Coupon No ... $500
On February 1,
4. August /, A. D., H..
The City of Montpelier, of Bear
Lake County, Idaho, for value re-
ceived, promises to pay to the bearer
hereof the sum of Fifteen Dollars in
gold coin of the United States of
America of or equal to the present
standard of weight and fneness, at
the office of the City Treasurer in
Montpelier, Idaho, or at the National
BANK OF Commerce, in the city and
state of New York. u. s. A., at the
option of the holder, being six
months interest then due on its Spe-
cial Assessment Sewerage Improve
ment Bond, Local Sewerage Improve
ment District No. l, dated February
l., A, d., 1918. No.. -.
Mayor
City Clerk
city Treasurer
tate of Idaho, County of Bear Lake,
City OF Montpelier, IS.
l. the undersigned. City Clerk in
md for the city of Montpelier, Bear
lake County, Idaho, do hereby certify
hat have kept a record of the with
IN bond, the said record showing the
number and amount of said bond.
and for and to whom the same was
issued.
In witness Whereof. have hereun-
TO set my hand and affixed the official
seal of said city.
fSEAL)
i City Clerk
Section 3. That for the purpose
II providing funds for the payment
Of the costs and expenses OF said sew
ar improvements in and for said
Local Sewerage Improvement District
No. i, there shall be and there are
hereby authorized. ordered and di-
1 rected to be issued, sold and deliver
ed in the name of said city to Keller
Brothers, Investment Bankers, Dem
er, Colorado. negotiable coupon
bonds in the aggregate principal sum
t $36, 100000 which bonds shall be In
form provided in section OF this
ordinance; said bonds shall be ~ in
number, numbered consecutively
from / to 70, both inclusive, OF the
denomination of $500 each.
/ Section A. That the sale and
i ward of the said Special Assessment
i leverage Improvement Bonds. Dis
.rict No. /, hereinbefore mentioned,
heretofore made by the mayor and
iity council OF said city upon the
best terms and at the lowest rate of
interest at which said bonds can be
sold. as hereinabove provided to
/ Keller Brothers. Investment Bank
ars, with offices in Denver, Colorado,
the highest and best bidders therefor.