The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-07-15

1856 100000 10000 100000
1899 S000o0 1920 1920 5 S7SS 90
but in the event that said bonds are
than six 90 per cent, then the tax
herein levied to pay interest shall be be
when collected shall. BY the treasurer
of said city, be kept in separate
fund to be known and dssignated as
Municipal coupon funding bonds bond
ing fund.- which shall be irrevocably
pledged to. and used solely for the
payment of the interest accruing on
and the Of the dn SAID bonds o@s
as any of said bonds, or the interest
coupons thereto appertaining remain
outstanding and unpaid, put snail pc
usd for no other
under this ordinance, principal and In
terest, shall have been fully paid, sat-
isfied and discharged.
the Sec Council IL aha and thsy 1s hereSy
the manner provided by law. for the
levying of other city taxes, to .ratify
with reference to the levying Of taxes
and requiring the officers of and for
said city to levy, extend and collect
SUCH taxes in the manner provided by
for for the payment of the interest upon
and the principal of the bonds so is
sued, and the said taxes when so col
lected, shall be kept for and applied
and principal Of said bonds as herein
before specified, but nothing herein
contained shall be SO construed as to
prevent said city from applying any
other funds that may be in its treasury
and available for that purpose to the
payment of said interest or principal
as the same respectively mature, and
the levy or levies herein provided for
minished, and upon the payment of
the principal of any of the bonds is
sued hereunder in said manner, or by
the use, Of the sinking funds :, herein herein
the bonds SO paid be diminished. :.
Sec. Z. That on the fifteenth days OF
long as any, Of the interest coupons ap-
pertaining to the, bonds. hereby auth
orized to be issued, remain outstanding
and unpaid, the city treasurer shall
AND e dree Is aert to remit out of
moneys in his hands belonging to said
city, in the form of check or draft
payable in New York City, U. s. A.,
S By and to 5h the Ma Nstiona Bank cem
merce, in the city and state Of New
York, sum sufficient to pay the
semi-annual interest accruing on SAID
July, respectively, in each year, and
any and all escrow charges made by
said bank for handling said coupons;
and on the fifteenth day OF June IN
is hereby authorized ordered and di-
rected out Of the sinking fund created
under the provisions Of this ordinance
New ork, by and thru the purchasers
of said bonds, to the said National
Bank of Commerce, sum sufficient TO
pay, the principal amount Of al or the
of said-years, together with all &C.
crued interest thereon to the date OF
maturity of such bonds, and any and
ell sdr charges re same 0S Saa
Sec. 8. That notice is hereby. author
lied, ordered and directed to be given
and published, as hereinafter, provided,
city. proposes to sell and invites writ
ten proposals for the purchase of the
municipal coupon funding bonds OF
said city. to an amount aggregating
deeming like amount of the out
standing warrant indebtedness OF said
city, and which notice shall be In sub
stantially the following form, to wit:
81, 900 Municipal Coupon Funding
Bonds of and by the City of Black |
foot, in the County of Bingham, In
the state Of Idaho, and Inviting Bids
STATE OF IDAHO
County of Bingham,
City Of Blackfoot, ss:'
Pursuant to the authority and d1rec- |
ton conferred upon the. mayor and |
council of the City of Blackfoot, in the
County of Bingham, in the State Of
Idaho, by ordinance No. 22s of said
S Sty s ny and % 5hs ss aa
directing the advertisement and sale
of certain bonds of said city, namely:
Municipal coupon funding bonds Of
of Bingham, in the State of Idaho, to
an amount aggregating the. principal
sum Of $4,000, comprised Of ffty-two
bonds, numbered consecutively from
denomination Of $1,000 each, dated July
/. A. D. 1919, absolutely due and pay
able serially and in numerical order In
equal annual amounts Of $1,000 July
elusive and $1,000 becoming due July /,
1889, bearing interest from their date
until paid, at rate not exceeding six
go per centum per annun, payable
emi-annually- on the first days of
January and July. respectively, in each
year. both principal thereof and in
terest thereon payable at the National
Bank of Commerce, in the City and
State of New York. U s. A.;
Public notice is hereby given. that
sealed bids for the issue of bonds
aforesaid will be received at the Of
fee of the city clerk of said city.
Tuesday, to wit: The twelfth day of
August, A. D. 1919, at the hour of
{ Ali tenders, bids or offers to pur-
chase must be without condition or
qualification, and be accompanied by
the cash Cor it's equivalent) to the full
amount of said bids, or an uncondi-
order Of the city treasurer for $4,000,
to be forfeited to the city as liquidated
damages should successful bidder fail
or refuse to take up and pay for the
bonds when presented to him; pro-
vided. however, that said bonds, or
any part thereof shall not be sold for
less than their face or par value and
accrued interest thereon at time of
disposal by, the city treasurer under
general supervision of the mayor and
council
eighth day Of July; 4. p; 1919,
(seap GERTRUDE MARTIN Mayor
,., City Treasurer.
City Clerk.
Published in The Idaho Republican
Blackfoot Idaho.
First publication July IA, A. D. 1919