The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-04-25
ORDINA No 3za

AN pe 06RHRINANCE AUTHORIZED AND
a AND HS SALE OF COUPON BONDS OF
pf STRh S my 81 OF IMTPH ( VEN ~
q ss7s5A 'S ;D tsPGcI IF me T THM
PPRR ovIsfoNss SUN N, G go MI
THE INTEREST THEREON, AND
p pRRoSHnIDdNG For ANNUAL LEvIES
0 EnS SPE CI; 1T, TAXES FOR THE PAY
ED BY LAW.
WHEREAS t BY Ordinance No. 1852 of
created and established Local Sewer
Improvement District No g." and the
making Of certain improvements with
which improvements within said dis
trict have been fully completed and ac
oeR 80 E ~ IN th e City Ttys Co9ncil, and
~. l922, the assessment roll for said
olstrlct was field, and after due public
n n OF hearing thereon such assess
resolution of the City Council that day
adopted, duly. ratified, approved and
confirmed, and no person ding objec-
to the District Court of the State of
Idaho In and for Canyon County from
the the action of the City Council in ratify-
assessment roll, and the time for tax
ing ana fling said appeal as prescribed
oy stnI4te having expired, and
sage OF said Resolution ratifying, an
proving' confirming and adopting said
a as ssment roll, the City Clerk publish :
me payment. of the assessments con-
tanned in said assessment roll and as
PRO yided by Section AGA of Idaho Com :
piled Statutes, 1919, and the time fer
paying such assessments as fixed by
eu1n H Tu2 e havlng expired, and
WI EREAS, The total amount of as
roll against private property as in
SAID assessment roll set forth was the
sum So nc of $5s's9oa,s4, of which amount as
nave been paid and the balance of
$37; SIS. remains at this time unpaid,
ana the total amount of the assess
roll did not exceed the contract price
and expense of the Improvement in
SAG district including engineering and
other services advertising, cost Of in
spection, cost of collecting assessments
ana interest upon. the interim war
RAMS nv, o OF Z s said district and
562, 1T was provided that bonds of said
District should be issued for the pur-
pose or defraying SO much of the cost
might be assessed against private prop
erty less the amount of such assess
ments p pa in cash prior to the is
NOW; THEREFORE,. BE IT Or
DAMNED By the Mayor and City Coun-
ell Of the City of Caldwell, Canyon
Section. L., That there be issued the
bonds of Local. Sewer Improvement
Dist 1istriet No 3" Of SAID city in the ,prin-
to be dated January /, 1922. to bear in :
terest at the rate of seven per cent per
annum payable semi-annually, on the
numbered consecutiveIy. beginn an oe
With With BOND Be sio No o. to be in denomina
eli oil ~ e.
less than $4,000; said bonds TO be
payable, both principal and interest.
at the office of the City Treasurer, or
City. at holders option. from the spe-
cial fund in the City Treasury created
by Section of said Ordinance No 362.
ment District No. 8" fund said bonds
shall mature ten years after date but
may ma be redeemed prior to maturity on
l. Of any year thereafter, in the order
OF their numbers lowest numbers first,
whenever there shall be sufficient
amount sufficient for the payment of
interest on all unpaid bonds to pay the
principal of one of more bonds Calls
Sr bv shall be made by the City
call in the city official newspaper,
which notice shall state the amount
ment, the date on which the same win
be paid. and shall also state, that in
terest upon the bonds So called snail
shall be signed by the Mayor, counter
signed by the City Treasurer and at
tested by the City Clerk, and shall have
terest coupons shall bear the facsimile
signatures of such officers, and said
officers are hereby authorized to have
SAID bonds prepared. and to execute
titled to receive them
Section 9 Said bonds and interest
coupons shall be in substantially the
following form:
RUN United TIE STATES OF AMERICA
BOND OF LOCAL SEWER IMPR sSSyiGo
MENT DISTRICT NO. 8, OF THE
CITY OF CALDWELL. STATE OF
The laws of the State of Idaho under
which this bond is issued contain the
The holder of any bond issued
under the authority of this article
shall have no claim therefore
the same is issued, in any event,
except, for the collection of the
special assessment made for the
was issued, but his remedy. in case
of non-payment, shall be confined
to the enforcement of such assess
shall be plainly written, printed or
engraved en- ,ravsd on the face of each bond
NtNON ALL M Elm BY THESE
PRESENTS, That the City of Cald-
well, Canyon County. State of Idaho,
hereby promises to pay to bearer the
lawful money of the United States
with interest thereon at the rate OF
seven per cent per annum, payable
and January, out of the fund establish
ed by Ordinance No. $50 of said CITY,
which Is known as LOCAL SEWER
IMPROVEMENT DISTRICT NO. g.
FUND" and not otherwise; both prin=
cipal and interest payable at the Of
flee of the City Treasurer of said city,
or at the Chase National Bank in New
York City. N. Y. at holders option.
A coupon is hereto attached for each
installment of interest to accrue there
on, and said interest shall be paid only
on presentation and surrender of such
coupons; but in case this bond is call
ed for payment before maturity, each
and every coupon representing interest
not accrued at the time this bond is
payable under call, shall be void
This bond is payable on or before the
first day of January. 1882 and is sub
Ject to call by the City Treasurer or
said City on January 1, 1923, or on
January or July l of any year there
after whenever there shall be sufficient
money in said fund to pay the same,
and all unpaid bonds of the series of
which this bond is one, which are prior
IN L. h.. l..