Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1921-08-04
ORDINANCE NO. sIs
BY Pease.

lOF TWELVE THOUSAND OINh
HUNDRED DOLLARS (S12,100.00)
MUNICIPAL. COUPON PAVING
! BONDS or THE CITY OF PAY
ETTE. PA ETTE COUNTY, IDA
/ no: PROVIDING FOR THE LEVY
! AND ASSESSMENT OF A DIRECT
ANNUAL AID vALOREM TAX UPON
ALL THE TAXABLE PROPERTY
III SAID CITY SUFFICIENT TO
PAY THE INTEREST ACCRUING
UPON SAID BONDS PROMPTLY
I WHEN AND AFTER THE SAME
FALL DUE. AND ALSO A FURTH-
/ Err ANNUAL AID VALOREM TAX
I UPON SAID TAXABLE PROPERTY
4 IN SAID CITY SUFFICIENT TO
( CONSTITUTE AND MAINTAIN A
4 SINKING FUND FOR THE PAY
MENT OF THE PRINCIPAL OF
SAID BONDS WITHIN TWENTY
YEARS FROM THE TIME OF THE
! issuance OF THE SAME PRO
vIDED FOR THE ISSUANCE, EX-
4 ECUTION AND DELIVERY OF
SAID BONDS TO C. H. HELMER.
THE LAWFUL PURCHASERS
THEREOF: DECLARING AN
EMERGENCY WHEREBY THIS
ORDINANCE SHALL TAKE Eff
Feet AND BE IN FULL FORCE
FROM AND AFTER ITS PASSAGE.
APPROVAL AND DUE PUBLICA-
TION, AND PROVIDING THAT
THE SAME SHALL THEREAFTER
BE IRREPEALABLE UNTIL THE
INDEBTEDNESS REPRESENTED
BY SAID BONDS, BOTH AS TO
PRINCIPAL AND INTEREST,
SHALL HAVE BEEN FULLY PAID,
SATISFIED AND DISCHARGED.
BE IT ORDAINED BY THE
MAYOR AND COUNCIL OF THE
CITY OF PAYETTE, IN THE COUN-
TY OF PAYETTE. IDAHO:
Section l. That in accordance
with the notice of proposal to issue
and sell Twelve Thousand One Hun
bred Dollars ($12,10O.OO) municipal
coupon paving bonds of the City of
Payette, Payette County, Idaho, and
inviting bids therefor, said munich
pal coupon bonds were duly awarded
and sold to C. II. Helmer of Boise.
the bid of said c. H. Helmer being
the highest and best bid therefor. at
= price not less than the par value
and accrued interest on said bonds. |
said bonds to bear date August LIST |
A. D. 1921, to be absolutely due and
payable August LIST, A. D. 1871, but |
at the option of said
CITY on and after August 1 A. D.i
1881. and to bear interest at the
rate of six per cent per annum.
Section 3 That the purpose of
for the building and con-
struction of grading. curbing and
paving of crossings and cross-walks
and streets and avenues, and other
wise improving the streets and ave-
nues at intersections of streets and
avenues in said City, pursuant to a
vote of the qualified electors who
were taxpayers of said City, present
and voting upon the question at a
special election lawfully called and I
duly held, there be issued municipal
'0uDon having bonds of said City in
The aggregate amount Of Twelve
Thousand One Hundred Dollars
(s12,100. 00) comprised of thirteen
bonds, numbered consecutively from
1ne to thirteen, both numbers in
elusive, of the denominations of One
Thousand Dollars ($1.OO000) each
or twelve of said bonds, and one OF
he denomination of One Hundred ,
Dollars 100000. for bond number
thirteen, dated August list A. d.
-921, absolutely due and payable
August LIST A. d. 1871, but redeem
bile at the option of said City on
nd after August LIST A. D. 1891:
earring interest from their date un-
il paid at the rate of six per cent
er annum, payable .semi-annually
n the first days of January and \
uly, beginning with January first,
|. d. 1922; both PRINCIPAL thereof
nd interest thereon being payable
the office OF the CITY Treasurer in o
'ayette. Idaho, or at the Chase v
'ational Bank in the City and State Il
+ New York. o. S. A., at the option
f the holder .
Section B.. That said bonds, and o
he coupons attached thereto, shall "
g in substantially the following Il
)rms, to-wit: h
(Form of bond) iC
UNITED STATES OF AMERICA a
TATE OF IDAHO, e.
COUNTY OF PAYETTE D,
MUNICIPAL COUPON PAVING A
BONDS N
of the
CITY OF PAYETTE, IDAHO