The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-03-10

paid assessments hereinbefOre pro
vided, as and when directed by the
ordinance confirming the same an6
said Juno is created for the purpose
of paying and redeeming the bonds
issued in the payment of said costs
and expenses of the aforesaid i'm
provements as hereinafter provided,
and from which shall be paid bonds
to the extent thereof and in no event
shall the city of MOSCOW, Idaho, be
liable for the payment of said bonds,
or any part thereof, or shall the hoI-
der of any bond or bonds issued under
authority of this ordinance, have any
claim therefor, or for the payment
thereof, against the city of Moscow,
Idaho, in any event for the collection
of the said assessment made for the
improvements for which said bond
was issued. That the remedy in case
of ~non-payment shall be confined to
the enforcement of such assessment,
as by the laws of the state of Idaho
in such cases made and provided.
SECTION IL.
For the purpose Of making payment
for the costs and expenses of such
improvements there should be issued
by the city of Moscow, Idaho, negoti-
able coupon bonds, as provided by
ordinance No. SIS of the city of Mos
COW, Idaho, as we'll by this ordinance
and by Article 6 of Title 80 of Chap
ter 1913 of the Idaho Compiled Sta
tutes, 1919, payable to bearer ten years
after date, bearing interest at the rate
not to exceed 6M per cent per annum,
which bonds shall be styled Special
improvement Bonds, District No. Is"
provided the city of Moscow, Idaho,
hereby reserves the right to call and
49, I .-..ol /; - -. |
numerical order, as provided in the
laws above referred to, whenever there
be sufficient money OF hand in
the fund heretofore designated to pay
any of said bonds. Said bonds shall
be issued in an aggregate moun
equal to the total amount of the said
assessment, levied as herein provided,
and shall be of the denomination of
Five Hundred ($500.0O Dollars each,
except that one bond may be for such
sum less han Five Hundred ($50O. 00)
Dollars, as may be necessary to make !
the issue correspond with the total
amount of said assessment levied as
herein provided.
SECTION II.
The Improvement provided for by
/ and 2 of this ordinance
be made under the supervision
If the Mayor and City Council of the
city of Moscow, Idaho, which is hereby
to receive bids for MAX
ng the same, and after having re-
:eived said bids, the said Mayor and
City Council shall pass Upon said
lids, with the right of rejecting any
ind all bids, in their discretion, which
laid council by and through it's Mayor
md City Clerk, is hereby authorized t
% enter into such contract or con-
racts as may be necessary to have t
UGH improvements completed as o
IS may be consistent with the proper
Procedure, after the receiving and APP a
,roval Of said bid or bids by the a
aid city Council. The contract for
aid improvements shall provide that
he same be completed, in all things,
accordance with the plans and
for said improvements
erein referred to, and shall also pro-
ide that the contractor or contrac- l
ors, making such improvement or
shall accept the bonds 1
erein provided for at par and ac-
interest in the payment of the N
Ontract price for such work, to the
xtent of such bond issue, if the city G
nall so elect, and that the balance,
any,, of said contract price, shall l.
e paid in such manner as shall be
GREATER designated by the city
Ouncil. m
SECTION 13.
That the Mayor of the city of Mos
Idaho, shall be one Of the Com
on Streets and Ex-Oficio If
hartman thereof, for the purpose of
forcing and performing things and
It's in this ordinance made and pro-
ded to be one and performed by
is ordnance. iba