The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1921-04-25

within said local Improvement district,
and subject to assessment for the cost
and expense thereof, shall be and IS
hereby declared lien upon said land,
lots, pieces or parcels of land, and shall
and does. take precedence of all other
liens and shall be collected together
with interest on unpaid installments
at the rate of seven per centum (7To)
per annum, and may be foreclosed in
accordance with the provisions of the
statutes and ordinances in such case
made and provided.
Sec. 2. That for the purpose of pro-
viding funds for the payment of the
costs and expenses of said improve
ments In and for said Local Improve
ment District No. 49, there shall be and
and directed to be issued, sold and de-
KELLER BROTHERS, Investment
Bankers, of Denver, Colo, negotiable
coupon bonds in. IN the he a aaggrsgate pri11
Local Improvement Bonds for Paving
Improvement District No. 23;'' shall be
two hundred fourteen in number, num-
bered consecutivelly from to 214 both
shall bear date of August 1, A. D. 1920,
shall be absolutely due and payable
August 1, A. D. 1880, but shall be re-
on any interest payment date
in this ordinance. Said bonds shall
bear interest from their date until paid
at the rate of seven per centum GGo)
per annum, payable semi-annua1ly on
respectively. in each year, which in
stallments of interest to date of matur-
ity of principal shall be evidenced by
appropriate coupons attached to, each
bond; and both principal of and inter
gold coin of the United States Of
America, out of Local Improvement
District No. 29-Bond, Interest and
Sinking Fund" at the office of the city
treasurer in Blackfoot, 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.
Sec. 8. That each of said bonds and
each of the interest coupons to be
TALLY the following forms, respectively,
to wit:
(FOrm of BOnd)
UNITED STATES OF AMERICA
State Of Idaho County of Bingham
CITY OF BLACKFOOT
Local Improvement Bond
KNOW ALL MEN BY THESE
PRESENTS, That the city of Blackfoot
of Bingham county, Idaho acknowl-
edges itself to owe and for value re-
ceeived hereby. promise. to pay to the
bearer hereof the principal sum of
Five Hundred Dollars on or before
August l, 1880, together with interest
on said sum from the date hereof I'M
til paid at the rate Of seven 0), per
nually on the first days of February
and August, respectively, in each year,
as evidenced by and upon the presenta-
ton and surrender of the interest
h10
orally become due; and both the said
interest on and principal of this bond
are hereby made payable in gold coin
of the United States of America of, or
s %eb t0 na fhe the as o S
city treasurer in Blackfoot, 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, out Of
created for the payment of the costs
and expenses of the Improvement in
local Improvement district No. 20, in
said city, and not otherwise.
the ehs pona L sofd By sad e y S 1
payment of the costs and expenses of
constructing paving and other incl
denta! improvements In and for said
local Improvement district No. 49,, pur-
respects in full and strict compliance
with the constitution and article of
chapter 1852, compiled laws of Idaho,
and all laws of said state supplement-
And it is hereby certified, recited and
warranted that said city is now and
for some years past has been a city of
said state. and body polite and cor
porate, duly organized, existing, and
constitution and laws of the state of
Idaho and 10 now and always has been
under the. control Of a duly organized
mayor and city council as the duly con-
that ali things, acts and conditions re,
quired by the constitution and laws of
the state of Idaho and the ordinances
of said city to exist and to happen and
be done o. IA and ,a performed, precedent to
improvement district No. %, and the
construction of the improvements
therein and therefor, and the issuance
of this bond in order to constitute the
legation of said city, and payable as
aforesaid, do exist and have happened
and have been done and performed In
regular and due form and time that
provement have been duly levied and
assessed as special assessments for
local improvements upon all of the
MINDS lots and pieces and parcels of
land in said local improvement district
other taxes, and said special assess
ments are lien upon said lands, lots,
and pieces and parcels of land, and
take precedence of all other liens that
due provision has been made for and
said city hereby guarantees the collec-
ton Of said special assessments and for
the levy and collection of a direct an
nual tax, sufficient to pay the interest
accruing hereon promptly when and as
the same falls due and also to dis |
charge the principal hereof at matur-
ity.
In conformity with section 1928 of ,
the compiled laws of Idaho, it is hereby |
recited that THE holder Of any bond !,
issued under the authority of this
article, shall have no claim therefor
against the municipality by which the
for the collection of the special assess
,nent made for the Improvement for |
which said bond was issued, but his !
remedy, in case of non payment, shall
be confined to the enforcement of such
"a copy of this subdivision shall be ,
plainly written. printed or engraved !
upon the Nface of each bond so issued" /
This bond is redeemable by said city
on any interest payment date, upon call
of the treasurer of said city made prior
thereto by publication for thirty 600
days in the official newspaper follow z
ing the delinquency of any installment
of the assessments.
IN TESTIMONY WHEREOF, The
city of Blackfoot. of Bingham county,
Idaho, by it's city council, has caused
ta b9 3t to be sgnea by the mayer &
thereof, countersigned by the city +
treasurer sealed with the corporate
seal of said city and recorded by said
clerk; and each of the twenty 800 in
terest coupons hereto attached to be