The daily star-mirror. (Moscow, Idaho) 1911-1939, 1921-04-26

provement District Number Ii and q
I fund shall be created and there shall
be raised as provided herein, funo
to be kept and known as Special AS
sessment for improvement Fund
District No. 10, into which shall be
paid all the moneys raised and paid
under the assessments, as in this or
dinance provided; such fund being
hereby created for the purpose of
paying the cost and expenses of the
improvement herein provided, and
for the redemption of the bonds and
the interest thereon which may be Is
sued, as provided by this ordinance
and the laws of the state.
! Provided, that in no case or in any
event, shall the City of Moscow, be
or become liable for the payment of
all or any part of the cost or expense
of such improvement, herein provided
for, or of any bond or bonds, or in
terest thereon, which may be issued
under the provisions hereof; that the
remedy for the non-payment of as
sessments, or nOn-payment of bonds
issued hereunder shall be confined
solely to the provisions of the laws of
the State of Idaho.
Section XII
For the purpose of paying the cost
and expenses of such improvement,
there shall be issued by the City of
Moscow negotiable coupon bonds,
payable to bearer ten years after
date, and bearing interest at the rate
of six and on-half per cent per an
mum, which bonds shall be styled
Special Assessment Improvement
Bonds, District No 49,"
Provided, that the City of Moscow,
hereby reserves the right to call and
pay all such bonds according to their
numerical order whenever there shall
be sufficient money on hand in said
Special Assessment Improvement
District Fund No. Is to pay one or
more of said bonds.
The bonds shall be issued in an ag-
gregate amount, sufficient to pay the
cost and expenses of such improve
ment in said district, less such an
amount as has been paid in cash, by
the owners of property, as redemp-
ton from said assessment, and shall
be in the denominations of One Hun
dred Dollars, except that one bond
may be of a less amount, to cores
pond with the amount owing, and ex-
cepting further, that in order to di- |!
vide the amount due each year, bonds |
in such an amount as well make ten |
even annual payments may be issued.
Section XIII
That a contract or contracts may
be entered into, for the making of the
herein provided for, in
the name of the City of Moscow, and
shall, for the purpose of carrying this
ordinance into effect, cause to be
published in the official weekly news
paper of said city of Moscow, no.
lice that bids will be received for the
of such improvement,
which notice shall contain general
description of the kind and amount of
work to be done, the material to be
and shall state that the
olans and specifications for such i'm
are on file in the office of
he Clerk of said city, which notice
shall be published for three issues of !
said newspaper All bids must be ]
sealed and deposited with the clerk of I
aid city on or before the time desig- !;
lated in such notice; the Mayor and
light, in their discretion, to reject {
my and all bids. That the contract {
or doing such improvement work,
hall be, when let, to the lowest re-
ponsible bidder; Provided, however, g
hat the Mayor and Council may take s
nto consideration, the difference in
he cost and expense of the various
inds of standard paving, and shall
ot be bound to let said contract to
he lowest bidder on any kind of paw
ng or paving material.
Provided further, that after the
me has expired in which said bids l
re to be filed with the clerk, the
fayor and Council shall meet and /
pen said bids, either at regular or