The Kendrick gazette., 1919-01-24

CdSI SolHC VI LII SIl III Sdiu
Block One; thence West to the
Southeast corner of Lot Eight in
Block Two of said Original Town
of Kendrick; thence North to the
Northeast corner of Lot Seven in
said Bolck Two; thence West along
the South side and line of alley to
the Southwest corner of Lot Two
in Block Ninety-eight of Oaks Ad-
dition; thence Northwesterly along
the West line of said Lot Two and
the West line of Lot Four in Block
Ninety-seven of Oaks Addition to
the place of beginning. A fund to
be kept and known as, Especial As
sessment for Improvement Fund,
District Number 2 which shall be
created and into which shall be paid
all the moneys raised and paid I'M
der the assessments as in this ord
nance provided; such fund being
hereby created for the purpose of
paying the cost and expenses of the
improvements herein provided, and
for redemption of the bonds and the
interest thereon which may be is
sued, as provided by this Ordinance
and the laws of the State of Idaho.
Provided, that in no case or in
any event, shall the Village of Ken
drick, be or become liable for 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 REM
edy for the non-payment of assess
ments, or non-payment of bonds is
sued hereunder shall be confined
solely to the provisions of the laws
of the State of Idaho.
Sec. 10. For the purpose of pay
ing the cost and expenses of such
improvements, there shall be issued
by the Village of Kendrick, Idaho,
negotiable coupon bonds as provid-
ed by Chapter p of the Acts of the
Legislature of the State of Idaho,
approved March II, 1917, amend
ing Chapter 81 of the Acts of the
Legislature of the State of Idaho,
approved March IS, 1915, being an
Act to amend Section 1888 of the
Revised Codes of the State of Ida
no, as amended by Chapter 81 OF
the 1911 Session Laws of the State
of Idaho, and to add certain sec
tions, payable to bearer on or be-
fore ten years after date, and bear
ing interest at the rate of seven pei
cent per annum, which bonds shall
be styled, Especial Assessment I'm,
brovement Bonds, District Mum,
Der 2.
Provided, that the Village ol
Kendrick, hereby reserves the righ
to call and pay all such bonds, &C
cording to their numerical order
whenever there shall be sufficien
money on hand in said Special AS
sessment Improvement Fund, Dis
:, trict Number 2 to pay one or mor'
of said bonds.
; The bonds shall be issued in al
aggregate amount sufficient to pa,
; the cost and expenses of such i'm
provements in said district, les
such an amount as has been paid il
: cash, by the owners of property, a
redemption from said assessment
= and shall be in the denominations O
five hundred dollars, except tha
one bond may be of a less amount
> to correspond with the amount ow
ing, and excepting further, that i
order to divide the amount du
each year, bonds in such an amoun
!, as will make ten equal annual pay
= ments may be issued.
Sec. II. That contract or cor
Il tracts may be entered into, for tn
. construction and furnishing of tn
- material for such improvement
/. herein provided for, in the name c
+ the Village of Kendrick, and sha!
d for the purpose of carrying tn
v ordinance into effect, cause to /
- published in the official week.
al newspaper of the Village of Ker
= drick, a notice that bids will be RI
e ceived for the construction of sue
,f Improvements, which notice sha
70 contain a general description of II
e. kind and amount of work to
v done, the material to be furnishe
r. and shall state that the plans ar
=, specifications for such improv
i, ments are on file in the Office
~ the Clerk of said Village of Ke1
IN +; drick, which notice shall be publis
10 ed for three consecutive issues
If said newspaper.
W All bids must be sealed and d
ne posted with the Clerk of said V
# lage on or before the time designa
ne ed in such notice. The Charm;