Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1921-07-01

ment Bonds, District Number Two
and shall bear date as of the first day
of July, 1921, and shall be in denom-
nations of One Thousand Dollars
each, provided, however, that one or
more bonds in the fractional amount
OF said amount as circumstances may
require to give the total amount OF
the assessments in said district, may
be issued, shall bear interest at the
rate of z per centum per annum, pay
able semi-annually on the first day
of January and the first day of July,
of each year, which said interest
shall be evidenced by proper coupons
attached to each bond and both prin-
cipal and interest on said bond shall
be payable at the office of the City
Treasurer, Montpelier, Bear Lake
County, Idaho, or at Kountze Bro
theirs Banking Company in the
City and State of New YORK,
at the option of the holder of
said bonds. Said bonds shall
be signed by the Mayor and count
tersigned by the City Treasurer
and attested by the City Clerk, and
each bond shall have the seal of the
city affixed thereto, and the coupons
attached to each bond evidencing the
interest accruing thereon, shall, in
lieu of being signed, have thereon
the fac smile signatures of said
mayor, treasurer and clerk; and such
bonds shall be numbered from one
upward consecutively, and shall ma
ture and be payable in numerical or
der as there shall be sufficient money
in the local improvement fund
against which these bonds are to be
issued. to pay the principal of one or
more bonds; that each bond shall
have engraved or printed thereon,
Section 1925, Idaho Compiled Sta
tutes, 1919, which is as follows:
THE holder of any bond issued un-
der the authority of this article shall
have no claim therefor against the
municipality by which the same is
issued in any event except for the
collection of the special assessments
made for the improvement for which
said bond was issued, but his remedy,
in case of non-payment, shall be con-
fined to the enforcement of such as
sessments. A copy of this section
shall be plainly written, printed or
engraved on the face Of each bond
SO issued. !"
SECTION 5.-Said bonds and cou-
lpons thereto attached, shall be sub
stantially in the following form, to-
wit:
UNITED STATES. OF AMERICA
STATE OF IDAHO
CITY OF MONTPELIER
LOCAL IMPROVEMENT BOND DIS.
TRICT NUMBER TWO.
MOI 100000
The City of Montpelier, in the
County OF Bear Lake, State OF Idaho
for value received, hereby promises
to pay to the bearer One Thousand
Dollars, in cash, lawful money of the
United States Of America, on or be-
fore the first day of July, A. D. One
Thousand Nine Hundred and Thirty
one, on the presentation and sur.
render of this bond. together with
Interest thereon at the rate of seven
lper centum per annum payable semi
annually, on the first day of January
and the first day of July, in each
year, on the presentation and sur.
lrender of the proper coupons hereto
attached, both principal and interesi
being payable at the office of the
City Treasurer in the City of Mont
lpelier, State of Idaho. or at KountZC
Brothers Banking Company in the
City AMI State of New York, u. S. A.
at the option of the holder Of sale
bond.
This bond is one of q series o.
like date and tenor issued in full con
formity with the constitution ant
laws of the State of Idaho, and thu
ordinance of the City of Montpelier
for the purpose of paying the cost
of certain improvements constructed
in Local Improvement District No
Two" in the City of Montpelier, ant
| particularly In conformity with Ar
ticle Six of Chapter 1913 of the Idah'