The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-10-26

Is being $4,000 for interest and $4,000
'e for principal.
It Said taxes when collected shall b
8 applied solely for the purpose of pay
It ing interest and principal of sal
d bonds and for no other purpose what
: soever until the Indebtedness con
tracted under this ordinance shall
u have been fully paid satisfied an
( discharged.
/ Nothing herein contained shall b,
:, so construed as to prevent said Cit,
from applying any other funds tina
: may be in the City Treasury ant
available for that purpose to the pay.
7 ment of said interest and principal as
, the same respectively mature, and
the levy or levies herein provided fol-
: may thereupon to that extent be d.
minished.
Section 5. Whenever after the ex-
} piration of 10 years from the date d
said bonds, the City has money IN
said sinking fund with which to re-
able for that purpose, and desires to
exercise its option so to redeem, the
City shall, by resolution exercise such
option, specifying the amount Of
bonds to be so redeemed and there
upon the City, Treasurer shall call
and pay and retire said amount Of
bonds in numerical order, beginning
with the lowest numbered bond then
outstanding. He shall call said bonds
! by publishing at least 80 days in a
newspaper of general circulation In
the City Of Blackfoot, Idaho, notice
stating that he will on certain In
terest date therein named (Which
shall be a least 80 days after the first
publication of said notice. pay and
redeem certain of said bonds and by
mailing like notices postage prepaid
addressed to the Bond Department,
Central Trust Company, Salt Lake
City, Utah, and to the Hanover Ma
or before the date of the first publica-
tion of said notice. Said notice shall
contain a complete description of
said bonds, including their number |
and date, and shall state that said |
bonds are called for payment on the !
date specified, on which date they |
should be presented at the place
they are payable by their terms, when
and interest to the date
specified for the retirement of said
bonds shall be paid; and in case any
such bonds so called are not pre-
scented for payment on or before the
date mentioned in said notice at the
place where they are payable by their
terms, then such funds for their pay
ment shall remain in the Treasury
Of the City to pay such bonds when
ever presented, but such bonds shall
cease to draw interest after the date
liked in said notice for their redemp- :
ion. ;
Section 4. The sale of said $4,000 =.
Coupon Bonds to the Cen ,
raj Trust Company of Salt Lake ;
Jity, Utah, is hereby ratified and con-
irmed, and the City Treasurer is -,
hereby authorized and directed to de-
liver said bonds to said Central Trust /,
Company upon receipt Of the pur- :
hase price therefor. =
Section s. All ordinances and reso-
utions or parts of ordinances and
esolutions in conflict with the pro- :,
isions hereof are hereby repealed, =
nd that after the said bonds are 49, =,
ued, this ordinance shall be and re- y
iain II epeaiaoie un'ii 'aiu oonu' Il
nd the interest thereon shall have h
cen fully paid, satisfied and dis b
harged as herein provided. !,
Section 6. 1t is necessary for the A.
preservation Of t n o.
eace, health, and safety Of said City &c
lat the proceeds of the sale Of these q,
onds be available Immediately re- -,
liring the immediate operation OF o.
lis ordinance and the City Clerk is
ereby authorized and instructed 20 n
luse this ordinance to be published h,
one issue of the Bingham County o.
ews, a weekly newspaper Of general n
rculation in the City of Blackfoot, ~,
aho, and to post copies of said or r,
nance in at least five public and
nspicuous places in said City OF 10
ackfoot
And it is hereby proclaimed and or
red by the Mayor of the City that (c
is ordinance shall take effect i'm
upon it's publication and
sting as aforesaid.
Passed by the City Council of the :"
ty of Blackfoot, Idaho, this twenty
rd day of October, 1923.
EAL) e. T. PECK,
ATTEST: Mayor. ~.
J. QUILLIN, ~
City Clerk.
Approved this twenty-third day Of va
tober, A. D. 1923.
1AL) e. T. PECK, III
ATTEST: Mayor. ,,-
J. QUILLIN, Ina
City Clerk. Di'
cat
ALIAS SUMMONS cor
cal
u the District Court of the Sixth mr..
licial District of the State of Idaho be
and for Rim Conpfu