Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1921-06-09
ORDINANCE NO. s44
BY Christian.


No. 4 of the City of Payette, Idahi
in an amount not exceeding $45
10000, for the purpose of paying til
cost of gdraing, paving, curbing an
surface draining certain streets an
avenues, and parts of streets an
avenues, of said District, and prc
/, yiding for the payment thereof b
leyying a special assessment agains
the abutting, adjoining, contiguou
J or proximate property in said Dis
trict liable 10 assessment for sucl
improvement.
WHEREAS, The Mayor and Coun
ell of the City of Payette, Idaho
have heretofore, under the authorit,
vested in them by the laws of tn,
State of Idaho, caused the street,
and avenues in Local improvement
District No. 4 Of said City to be i'm
proved:
AND, WHEREAS, for the purpose
of paying the cost and expense
which is chargeable and has been
assessed to the abutting, adjoining
contiguous or proximate property in
said Local Improvement District No
q of the City of Payette, Idaho, the
! IHSll
discretion heretofore provided for
the payment of the cost and ex-
| pense thereof by installments instead
OF levying the entire tax of special
a assessments for such costs at one
time.
NOW, THEREFORE, BE 1T OR,
DAINED BY THE MAYOR AND
COUNCIL OF THE CITY OF PAY
ETTE, IDAHO. AS FOLLOWS:
Section l. That for the aforesaid
linstallments therein to be issued in
he name of the City of Payette, Ida,
no, improvement bonds of Local
Improvement District No. 4, which
shall include the adjoining, con>
tiguous and proximate property II.
able to assessment for such Local
improvements, payable in intall-
ments of equal amounts each yeal
which bonds shall by their terms be
made payable on or before a date
not to exceed ten years from and
after the date of the issue of such
bonds, to-wit: on or before the first
day of August 1881, which said
bonds shall bear interest at tho
rate of seven percent per annum
payable semi-annually, on the first
days Of January and July in each
year, which said bonds shall be
issued in an amount not toexceed the
sum Of 5,600.00; the definite
amount Of said bonds to be deter
mined at the time of the issuance
thereof, it being the express intent |
hereof to only authorize bonds in an
amount not to exceed such sum as
may be legally issued at the time
provided by law for the issuance |
thereof.
Section 2. Said bonds shall be |
known and designated as "City of |
Payette Local Improvement District |
No. Improvement Bonds and |
shall not be issued in excess of the
contract price and the expense of
such improvement, including engi-I
leering and other clerical services
cost of inspection, cost
II collecting assessments and inter
st upon warrants, if issued, and the
nstallment coupon, shall include in
crest to the maturity thereof.
Section 3. Said bonds shall be
# the following denominations;
Forty of said bonds of said issue
hall be in the denomination of
1,000.00; Ten of said bonds of
aid issue shall be in the denomina-i
ion of $4,000; Six of said bonds :
f said issue shall be of the denomi-
alton of $4,000,
nat is, if the full amount hereinbe .
)re authorized is issued; Provided,
owever, that if the full amount be
OF issued the bonds of $1,0OO.O6l
shall be correspond
Ugly reduced. h
Section 4. Said bonds shall be :
lted the first day of July 1921, and
lall be payable on or before thel
It day of August 1881, and shall ,
ear interest at seven percent per \
mum from date thereof, payable
on the first days OF
Inuary and July of each year. both
'incipal and interest to be payable
gold coin of the United States of NJ
e present standard of value, at the
flee of the City Treasurer of the
ty of Payette, Idaho, or at the
1ASE NATIONAL BANK in the f.,
ty and State of New York. u
Section 5. Such bonds shall be VI
mbered from one upwards and te
ell bond and coupon shall be sign III
by the Mayor, countersigned by IN IN
2 City Treasurer, and attested by T.
Clerk of the City of Payette, -
Tho; Provided However, that pu
III coupons may in lieu of being ~
ned\ have printed thereon the -
smile of the signature of said of. -
ers, and each bond shall have the ~ ~
i of such City affixed thereto, and ~, ~
III refer to the Improvement Dis, Du
It for the payment of which the 81
ne shall be issued. Gl'
each bond shall provide that the ~. .is
ncipal sum therein named, and az U
interest thereon shall be payable Wy
of the Local Improvement fund g.
ated for the pament of the cost ~.
expense of such improvement, Ia
not otherwise. ',l'
Section 6. Said bonds and cou, ~
s shall be substantially in the ~ ~
owing form: sai
TED STATES OF AMERICA wit
STATE OF IDAHO of
COUNTY OF PAYETTE {
CTTV A W