The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-12-24
LEGAL NOTICES.
ORDINANCE NO, a4s

D~~S~A~NO~S -'Sf -
AN ORDINANCE PROVIDING FOR
THE CONTRACTING OF AN INDEBT-
EDNESS BY THE CITY OF BLACK
FOOT, IDAHO, BY THE ISSUANCE OF
MUNICIPAL COUPON BONDS TO THE
AMOUNT OF s10O,oo0.oo OUT OF A
TOTAL AUTHORIZED ISSUE OF
$500, 100000 TO PROVIDE THE EEcEs-
sARYFUNDs WITH WHICH TO PUR.
CHASE THE 8 PRESENT WATER
WORKS PLANTSAND SYSTEM WHICH
rs OWNED BY Al PRIVATE coRPoR-
ATIoN; PRESCRIBING THE FORM
ANDtDETAIL toFSTHE ISSUANCE OF
SAID BONDS AND PROVIDING FOR
THE LEyEkeFfA TAX SUFFICIENT
To- RAX 10th PRINCIPAL AND m
TEREST OF SAID BONDS PURSUANT
OsTaEPRoyIsIoN OF ORDNANCE
NO. 1888 OF SAID CITY OF BLACK
FOOT AND THE AUTHORITY OF THE
ELECTION ORDERED BY THE SAID
ORDINANCE AND HELD ON AUGUST
10, 1920.
WHEREAS, at regular adjourned
meeting Of the Mayor and City Coun-
Gil Of the City Of Blackfoot, Idaho,
duly held on the 2sth day, of November,
1920, pursuant to adjournment from a
regular meeting of said City Council
held on the 23rd day of November,
1920, bids for the purchase of $780,
10000 Waterworks Bonds, as specified
in Ordinance No. 2ss were received and
considered by said City Council and
it appearing that the bid Of Palmer
Bond and Mortgage Company for' the
purchase of 500, 100000 out Of a total
authorized issue of 5000, o0O.o 90 Water.
works Bonds, was the best and most
advantageous bid received for said
$1OO,0OO9O Bonds, which bid was by
resolution, then duly accepted by said
City Council and said bonds ordered
to be delivered to said Palmer Bond
and Mortgage Company. upon pay.
ment of the purchase price therefor.
to-wit, their par value, G$1O0. 900. 00l.
and accrued interest from date of
bonds to date Of delivery. as
NOW THEREFORE,, BE IT Or
DAMNED, by the Mayor and City Coun-,
Gil Of the City Of Blackfoot, Idaho
Section, 1. That for the purpose Of
raising funds to provide for the pur-
chase Of the present waterworks plant
and system Of said City of Blackfoot.
which is owned and controlled by
private corporation and to enlarge, ex-
tend, repair, alter and improve such
plant, the city of Blackfootl shall is
sue it's negotiable coupon bonds in
A.. .r.,ora A. .,.o,~t aof e,no ono m
out Of total authorized issue Of
$s00,o00.O0. Said bonds shall be de-
nominated "Waterworks Bonds" shall
consist of one hundred bonds, of the
denomination of One Thousand Dol
lars ($1,oO0.00) each, numbered from
] to 100 both inclusive; shall be dated
January /, 1924. and become absolutely
due and payable January H. 1871; but
said City Of Blackfoot shall, and here
by expressly does reserve the right
and option Of paying or redeeming any,
or all of said bonds on or after the
first day Of January, 1881, on amy in
terest bearing date; said bonds shall
bear interest at the rate of six per
cent (6eo) per annum, payable semi
annually on the first days of January
and July in each year; said bonds |
must be redeemed according to their |
consecutive number, after due publi-
cation of notice of call Of said bonds
as hereinafter specified, but the same
need not be redeemed prior ito abso-
Lutte maturity date. Said bonds shall
have attached thereto coupons to evil
dence the interest falling due as afore-
said and each Of said coupons must
be designated by the number, of the
bond to which 1t is annexed and the
coupons attached to each bond shall
be numbered consecutively,> beginning
with number one ~. Said bonds shall