Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1921-08-04

sum sufficient to pay the semi-annu-
al interest accruing on said bonds on
the first days Of January and July,
respectively, in each year, together
with any and all escrow charges
made by said Bank. and on the LIST
day Of August, 1941, the said City
Treasurer shall be and he is hereby
authorized, ordered and directed,
out of any moneys of the sinking
fund created under the provisions
OF this ordinance to remit, by check
or draft, payable in New York, to
the said Chase National Bank, sum
sufficient to pay the principal
amount of said bonds, together with
any and all escrow charges made by
said Bank for handling the same.
Section 8. That said bonds,
when executed as and in the manner
provided by this ordinance, shall be
and they are hereby ordered deliv-
cred by the City Treasurer to c.
H. Helmer, who were and are hereby
declared to be The highest and best
bidders therfor, at a price not less
/ than their par value, together with
all accrued interest theron to date
of delivery, upon payment of the
agreed purchase price therefor, and
said Treas0ror shall hold tho 0~c-
ceeds derived from the sale of said
bonds subject to the order of the
CITY Council of said City, to be used
solely for the purpose aforesaid
Section 10. That the Mayor and
City Council, the City Clerk and the
City Treasurer, respectively, of said
City, are hereby authorized, ordered
and directed to furnish the aforesaid
purchasers of said bonds with such
certificates, transcripts, ordinances,
or other documents as will fully evil
dence the proceedings had relative
to the issuance of said bonds. tho
regularity and suffiCiency thereof.
and acts of any one, either or all of
said officers, in the premises are
hereby declared, authorized, ratified,
approved and confirmed.
Section II. That it be, and is
hereby, certified, recited and war
ranted, that all conditions, acts and
things necessary and essential to the
validity of the bonds of said City
hereinbefore mentioned and required
by law to be done have been fully
done and performed.
Section u. That the provisions
of this ordinance and of each of the
bonds and interest coupons issued =
pursuant thereto, shall constitute, .
and the same are hereby declared to
be, binding and irrevocable con-
tract between said City and the
purchasers of said bonds, and the
holder from time to time of each of
said bonds and the interest coupons
thereto appertaining.
Section 10. That all ordinances,
Or parts thereof, heretofore adopted
in conflict with the provisions here
Of, or which would in any way pre-
vent the passage and adoption of
his ordinance at this meeting, be
and the same are hereby repealed
Section IA. That this ordinance
being necessary for the immediate
health and safety of
he inhabitants of the City, an emer-
5ency is hereby declared, and said
ordinance shall take effect and be in
orce from and after its passage,
.pproval and due publication, and
hall thereafter be irrepealable until
he Indebtedness hereby created.
10Th as to principal and interest,
hall have been fully paid, satisfied
nd discharged.
Passed by the Council of the
lily of Payette, Idaho, this 1st day
f August 1921.
Approved this list day of August
921.
I. R. WOODWARD,
Mayor
ttest: