Jerome County times. (Jerome, Idaho) 1919-1920, 1919-12-11
ORDINANCE NO. 1O5.
Continued from Page Fou-

after mentioned by this coun
duly awarded ana soli 60 I'll
mems Trust Company ot P1-
gon, who were and are -Le
best bidders therefor. a. 6 7-l-
the par value Of said bonds
WHEREAS. Each ana az
eeedings had in creating L1-a -
ment District No. Z. ans i 81
OF the assessment io- -he --s-
struction q the iu-r-v---=--
have been ana are ---
form OF iaw. according ---
the State q I5at1 T-s---
BE IT ORDADED 7T -E .-tl.
AND COUNCIL OF The CITY,
JEROME. JEROME COUNTY, IDAHO
Section l. I1a- r ans hereby
ascertainei. determined ans
that each ans an q =.
and taken il the making PIE ss-sss-
ment for the cost g. --a rs-ir- ar ar-
ganizati0n Of Lo-al Iu--lv4-. ...- j. ---- p
No. I. and The r--s-r- ---
provements therein. have ---- ari l-- ir
all respects regular ana ID -1a t~n .f
law, according q che constitution and
statutes OF the STE e Idaho ana tie
ordinances OF SAID ll-T. ana char Tie as
sessment OF The ur1r=r-v u said Lraf
Improvement Dis-ri-- n ana Il.
amount thereof. as shov1 hr The assess
ment roll. contirmet ana r---ove1 liz
Ordinance No. o. an5 f.-=i wiki che civ
clerk on the 18Th dsv - August D.
1919, IS correct and in ae-orianos with
the constitution and statutes CT ss;l
state and the ordinances Of s.il o.tr
and is the amount Of the -o-al a1s- II
said improvement; s1I that TIE amount
OF said assessment 80 assessed upon anv
land. lots or pieces or parcels 81 land
within said Local Improvement district
and subject to assessment for the cost
and expense thereof shan he and IS
hereby declared a lien up0u said land
lots, pieces or parcels Of land. AMI shall
and does take precedence u ail other
liens and shall be collected together with
interest on unpaid instalments a. the
rate Of seven ~ per centum per an
mum, and may be foreclosed n accord
ance with the provisions OF the statutes
and ordinances in such case made and
provided.
Section .. That for the purpose Ct
providing funds for the payment OF tho
costs and expenses OF said improvements
IN and for said Local improvement Dis
trict No. there shall be and there are
hereby authorized. ordered and directed
to be issued sold and delivered in the
name Of said city to Lumbermens Trust
Company OF Portland. Oregon. negotiable
coupon bonds in the aggregate principal
sum Of $4,000 which bonds shall be
known and designated a. Local I'm
DrOyement District Ponds for Cida,.-o IL
Improvements, District No. t." Said
bonds shall be IS in number. num-
bered consecutively from to IS.
both inclusive, OF the denomination of
$500 each, shall bear date of
August Is, A. D. 1919, shall be alb
solutely due and payable on or beiof,
August IS, A. D. 1929, but shall be re-
deemable on any interest payment date
prior thereto, as provided by law and in
this ordinance. Said bonds shall bear in
terest from their date until paid at the
rate Of seven (7 per centum per an
mum, payable semi-annually on the 18th
days Of February and August, respective
ly, In each year, which installments Of
interest to date of maturity of princi-
pal shall be evidenced by appropriate
coupons attached to each bond: and both
principal of and interest on said bonds
shall be payable In gold coin OF the Unit
ed States OF America, out Of Local I'm
provement District No. 4.-Rond. Inter
est and Sinking Fund" at TIE National
Bank of Commerce, in the civ and state
of New York, L. S. A.
Section g. That each ef said bonds
and each Of the interest coupons to be