The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1923-01-04

bonds. or any subsequent holder
shall be in no wise responsible for
the application of the proceeds Of the
sale of said bonds by the said Treas
urer, Council or any OF the officers OF
! said city; and said bonds, or any part
thereof, which have been delivered to
said purchaser. shall thereafter be in
contestable and their legality shall
or persons, corporation or corpora
lions, or by the said city. for any rea
son or reasons whatsoever
Sec. 5. That in all cases where any
assessment or any installment thereof
or interest thereon as provided in the
said original and supplemental assess
ment rolls for said Local Improvement
District No. "a. and in the ordinance
become due, the same shall be paid to
the City Treasurer whose duty 1t is TO
collect such assessment, and all sums
so paid shall be placed in the fund
known as Local improvement Dis
trict No. 24-Bond. Interest and Sink
ing Fund and shall be applied solely
penses of said improvements and the
redemption of the said bonds issued
therefor
Sec. 6. That on the 18th days of
April and October in the. year 1921,
and on the 18th days of April and
october, respectively. each year there
coupons appertaining. to the bonds
hereby authorized to be issued remain
outstanding and unpaid, the City
authorized, ordered and directed to
remit, by and thru the aforesaid pur-
chaser Of said bonds, out of the
District No. 24-Bond. Interest and
Sinking Fund" in the form of check
or draft, payable in New York, U. S.
A., to the. National Bank Of Commerce
sufficient to pay the semi-annual in
terest accruing on said bonds. on the
first days of May and November, re-
all escrow charges made by said bank
for handling said coupons; and on the
fifteenth day Of October, A.. p. 1880;
he is hereby authorized, ordered and
directed so to remit to said. National
Bank of Commerce, in the said City of
New York a sum sufficient to pay the
principal amour of said bonds out
standing and becoming due in the
fifteenth day of November next there
after, together with all interest ac-
crued thereon, and any and all escrow
charges made by said bank for handl-
ing the same.
Sec. Z. That the sale and award of
made ma by the Mayor and Council of
said city upon the best terms and at at
said bonds can be sold, namely: AT
annum, to KELLER BRoTHEaRs. In,
Denver, Colo, to the highest and best
bidder therefor, be, and the same is
hereby ratified approved and con-
Sec s. That the action of the of
ficials of said city in preparing and
executing said local Improvement
confirmed, and the local Improvement
bonds of said city in the amount and
numbered as described in Section
bi fa a obligations Of Of Sc said city ac-
cording to their purport, and the
proper officials, of said city are hereby
cause the bonds for said Local I'm
provement District, numbered as fol-
lows, to wit:
Observation-Disclosures
2223-24575S-59 CO. 16263-64
the only bonds of said city for said
Local Improvement District No. "a re-
naming as outstanding and valid OBJ
legations of said city shall be as num-
bered in Section of this ordinance. |
Sec. 9. That the Mayor and Council, |
and the Clerk and Treasurer respect
them, are hereby authorized. ordered |
and directed to furnish the aforesaid |
purchaser of said bonds with such |
ments as will fully evidence the pro-
ceedings had preliminary to the is
suance of. said bonds. the regularity |
of any one or all of said officers are |
hereby authorized ratified, pproved
and confirmed.
Sec. 10. That it is hereby made the
duty of the city treasurer, before the
redemption of any of the bonds of this
ordinance authorized. to mail written
Rfs5Sf r stating shs sa the bonds to be-
redeemed and the date on which said
redemption will be made. The said
|
redemption.
Sec: II. That it be and is hereby
certified recited and warranted that
sary and essential to the validity of
the bonds hereinbefore mentioned and
required by law to be done have been
FULLY done and performed.
Sec. IL. That the provisions of this
ordinance and each of the bonds and
each Of the interest coupons issued
pursuant thereto, shall constitute, and K
he same are hereby declared to be, a {
binding and irrevocable contract be-
ween said city and the purchaser of
o time of each of said bonds and the /
interest coupons thereto appertaining. &
Sec. 10. That all resolutions. ordin- g
onflic with the provisions hereof, be, {
nd the same are hereby repealed
escinded and annulled. s
e forever ,irrepealable until the in
ebtedness hereby created, both as to q
rincipal and interest, shall have been q
ully paid, satisfied and discharged, as /
rovided by the constitution and r
tatutes of the State of Idaho. +
Sec. Is. That this ordinance being n
or the immediate payment of the q
osts and expenses of improvement in h
aid Local Improvement District No. +
A. the same shall therefore be in full +
orce and effect from and after its q
assage, approval and due publication, Fl
ccording to law p
Passed this second day of January. q
. ID. 1928. n
Approved second day of January, A. n
! 1923. g,
SeaD E. T. PECK, q
Mayor n
TTEST: a.
j. ]. QUILLIN, City Clerk adv. @
Office OF SUPPLEMENTAL AS e
SESS MENT ROLL LOCAL I'M
PROVEMENT DISTRICT NO. % OF
CITY OF BLACKFOOT, BINGHAM b,