HomeMy WebLinkAboutORD 323AN ORDINANCE .AUTHORIZING THE WNICIPAL COUPON CRATER
'CORKS' EXT aNS ION BONDS CP THE C I TY OF CALD ;7=' IDAHO,
TO THE .AMOUNT OF TTTIRTY THOUSAND DOLLARS ($30,000),
AND PROVIDING FOR THE RAMVIENT THEREOF.
wmnAS, at an election duly called and Yield in
the City of Caldwell, Idaho, on the 20th day of May, 1919,
after notice thereof had been duly given for the time and in
the manner required by lair, there were authorized to be issued
the Municipal Coupon Water Works Extension Bonds of said City
to the amount of Thirty. Thousand Dollars ($30,000); Therefore,
BE IT ORDAIVED by the Mayor and Council of the
City of Caldwell, Idaho
Section 1,, That for the purpose of providing�
funds for the purpose of extending, enlarging, repairing,
altering and improving the municipal eater works plant in the
City of . Celdoiell, there are hereby authorized to be issued
thirty (30) Municipal Coupon Water Worts Extension Bonds of
Ones Thousand Dollars (1000) each, dated t:,e first day of
July, 1919, numbered from 1 to 30 inclusive, and maturing in
installments as follo s: Three Thousand Dollars (3000) on
the first day of July in each of the years 1989 to 1938 both
inclusive; both principal and interest of said bonds to be
made 'payable at the "offic'e of the City Treasurer in the City
` of Caldwell, Idaho, or at the Chase National -6ank in the City
of New York, State of New York, at the option of the holder,-
Said bonds shall bear interest; evidenced by coupons at the
rate of five and one- quarter (5 per centum per annum pay-
.able semi- annually.
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Section 2. The said bonds slball be in substan-
tially the following form.
UNITED STATES OF A1MRICA
No.
STAT OF IDAHO X1000.
CITY OF CALDWELL
=ICIPAD COU, gATER WO ','EXTENSION BOND.
IMOW ALL IMN BY T448E PRESENTS that the City of
Caldwell, in the county of �)aayon and State of Idaho, acknowl-
edges to o and for value received hereby promises to pay to
bearer ONE THOUSAND DOLLARS ( $1000) gold coin of the United
States of America, on ,.he first day of July, 19 , with inter -
est thereon from the date hereof until aid at the rate of five
and one-quarter (5 1 -1 per`eeatum per annum, payable semi- annually
on the first day of January and of July in each year on presen-
tat on and surrender of the anneXed interest coupons as they J
severally become due. Beath principal and interest of this bond
are hereby made payable at the office of the City Treasurer of
Caldwell, Idaho, or at the Chase National Bak in the City of
New York, State of New York, at tkie option cf the holder.
This bond is one of a series of like tenor, except as
to date of maturity, tesued for the purpose of p funds for
extending, enlarging, repairing, altering and improving the muni-
cipal eater works plant in the Jity of Caldwell, Idaho, under the
authority of and in conformity and compli,ame with the Constitution
and laws of the State of Idaho, and is further authorized by an
election duly called and hold on the 20th day of ttty, 1919.
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And it is hereby certified and recited that all acts,
conditions and things required to be done p7reoe4ent to and in the
issuing of this bond necessary to make the same legal and valid
have been done, ha=ppened and been performed in regular and due
form as required by that direct annul) tax � �
wed for the payment of the principal and interes ,
this bond, and that the total indebtedness of the City of Cald-
well, including this bond,, does not exceed the statutory or
constitutional limitations,
Iff TESTIMONY ?7HEREOP the City Council of the City'
of Caldwell, Idaho, has caused this bond to be signed by the
myor, attested by the City Clork, under the corporate seal,,
and countersigned by the City Treasurer, and has caused the
annexed interest coupons to be executed by the lithographed
signature- of the City Treasurer this first day of J1a1y 1919.
or.
city ,.,attest :
MR.
Countersigned
i 9. eaauurer.
00UPOR.
On the first day of Juary� 19 the Ctty of
J 1 7
Caldwell, Idaho, promises to pay to bearer Twenty -six and
25/l0O Dollars 026.25) at the office of the City Treasurer,
Caldwell, Idaho, or at the Chase Nationel Bank in New York
(:ity New York, at the option of the holder, for interest due
that day on its Municipal Coupon Water Works Extension Bond.,
dated July 1, 1919, No. �.
City ressurer.
Section 3. For the purpose of providing for the
payment of the prinoipal and interest of the 'ponde
hereby au-
thorized
there shall be aid V.I� re is hereby levied
`a eontin
wing, direct annual-,tax upon ail of the taxeble pr gpertg in
the city
of 0aldwell sufficient; to produce in each
of t} le
following years the suns set apposite thereto, that
is to say:
Y M z
IN!ERE S T : PR INC II PAPAL :
TQTAZ
1919
236 ,50
$2362.50
1920
1575,
15701.
1921
1575,
1575.
1922
1575.
1576,
1923
1575.
ISM,
1924
1575.
4M.
1925
1575.
18'75.
1925
1575,
1575.
1927
1575.
1575.
1928
1496.25. 03 000
4496.28
1929
1358 75 :000
4330,7,5
19:30
1181.25 ; Z=0
41 "81.25
1931
1023rT5 < 30.00
4023...75 "1,
,.
3932`
: "'86;25 3000
3$65.25
1933
708,75 380
370.'78
1934'
5t1.2i ` . 3000
3551.25,
1935
1.393.75 3oa
35sg.�5
1936
236.25 30,010
3236,25
1937
78.75. 30,00
$078,75
And , provision
to meet the re4uirements of this section shall`
in due time,
manner and season annually hereafter
be made;
which said
sums so hereby levied shall be applied
to the pad,
meat of
interest and prinei-?a7l upon said bonds as
and when
the same
is payable.
Section 4. 1'hts, ordinance shall be in
force from
and after its passage and publication.
r.f,