HomeMy WebLinkAboutORD 415ORDINAIICE NO. �g
II
AU ORbTFNANCE TO AUTHORIZE THE ISCUAETCE OF FORTY Otis
THOLTSAlit DOLLARS 0;41,000.00) 1TU I OIPAL . COUPO rr ST E. T
I11 1 PUT EOIIDS OF THE CITY OF OALDPELL, IDAE -, T
PROVIDE FUNDS FOR THE 1 UPPOSF OF I':!?ROVIl�u THE STREETS
A""m ALL +E'Yc, AVn TFIP "Ti? rT A1 ALLEY I = " "ERSLC'.I'IO'sTS TV
SIBID CITY; TO PROVID7 A rule.' 70R SPIT 2 -01IDS A_.'D FOR
Ti E COLT?OYIti ATTACHED THERETO; T^ ?FOVIDT' A LEVY FOR
THE 1?F-tIITCIPAL A_;TD INTTF.RE'ST TI-EP.P 'OF; A'D TO DI All
1'
WHEREAS, at an election duly called and held in the
City ' of Oo ld7:ivell, Idaho, on the 0th day of June, 1955, under and
ursuant - to - the provisions of Ordinance No. 407, the is uanoe
of 'bonds to the total amount of Forty One Thousand Dollars
W41,'000.00) to provide Funds for the juroose of im. the
streets and alleys, and the street a;r allay intersections in 1
said City, ' was duly authorized ' r the le�eal voters of said City
who are taxmayera therein, voting at said election; and
VIFY it becomes *necessary to _provide for the issu
. ance of jaid bones; -
M(, TIiEREFOME, RE IT OEDAIiT - D BY THE "'AY`4pL kia COUP? -
CIL OF T E CITY OF CALD1 IDAHO, as follows:
Section 1. That the City of Cald do iseue its
funlci ;gal CCLl'- —i Vtreet I u'lprroverllC3lt; Bonds in th' s xi of Forty
One Thousand Dollars (:;:41,000.00), Cr value in amount, said
bonds to be in denominations of ore thousand dollars (
each, numbered 1 to 41 inclusive; all bonde to be dated July 1,
1926, and to ;:Lature July 1, 1945; redeemable however, at the
_; lea,ure of the City at any time after July 1, 1935; said bonds
to bear interest .t the rate of four a,ndi three - fourths 'per cent
(4,16) per annu - w, )w zible semi - annually on the first days of
JanuLry and July, 3lY1Cl;e }e" l cind interest to be ,Ilayable ELt the
j
,
office of the City Treaasurer, or at the establishment of - ountze
i
Brothers, in the city and state of few Yorlk, U. S. A.
= COUPON STREET Da PROVE; 7 E vT BOi D
1
NOW ALL ELJ BY THESE PRESENTS, That the City of Ca.ld-
Well, Canyon County, State of Idaho, ackno ledgers itself to olve
and for value received hereby -,roinises to - pay to the bearer
hereof the prinoiPal sum s ° of
ONE THOUS I1 D DOLLARS
i on July 1, 1945, togethe with interest on said sure from the date
hereof until ,paid at the rate of folar and three- fourths._,�er. oent
per annum, payable semi- annually on the first days of
Janua:ry and July in each year, as evidenced "o y and upon -preaenta,=
tion and surrender of the interest coupons hereto attached as
1
they severally become due, and moth the said interest on and the �
principal su,i of this ',pond are hereby :jade payable in gold coin
of.the United States of America of or equal to the .Present - titan-
dard of weip,;ht and fineness, at the Office of the QIty Tr:eaiurer
of Cald ,ell, I ia.ho, or at the establishment of xouxzt'ze ffroth' a
ii), the City and state of Nero York, U. S. A., at the option the
holder, and for the proriat payment of said principal and in" terest'
at maturity the full f,a th, credit, reeources aid all the tax,
able pro -erty of said city are hereby irrevocably �)ledgeci ..
Th s oriel is i esued by .said. City to ;provide funds 'for
the nur - oose of impravinq� the streets ar ,;alleys and the street
and alley intersection; in said city: pursuant to ordinances
duly adopted by the <?aycr and Comlmon Council of said City at law-
ful meetings thereof held prior to the issuance of this "pond,
the s_ecial bond election thereby authorized and held on June
3, 1925, and under, by virtue of, and in all res - )eots in ful "s
and strict confor-mity with the Constitution: of the State of
Idaho and Cna,)te2 170, Title 32, Idaho Cornpiled Statutes 1310,
and all authority thereunto enabling.
And it is hereby certified, recited and warranted that
the City of Caldwell i'p now and has been for several years ;cast
a body - olitic and roroorate dtUy orgsnized, existing and opera-
tinS under and by vilitue of Constitution and laws of the
State of Idaho, and is now and has beer. always under the control r
of a duly or,,ani zed, com?,r�on Council as the 'duly conastituted car-
" authority there6 t ] 7_ t linos, acts and condition G
recra,id •ed by the Constitution and laN78 of the State of Idaho to
exist and to hap wid be done and performed precedent to and
in the issuance of this bond, in ordex° to constitute the eaane
e. valid and binding obligation of said City, do exist and have
happened and been done ar:d -,)erforKred in regular and due form" and
time that in issuing; this }fond the said City has not incurred
any additional indebtedness or liability exceeding in a ny year
the income or revenue provided for such year, and that the total =
indebtedness of said City, includin this bond, does not
exceed
any constitutional or statutory limitation, and that due rovisior_
has been n ade for the levy anal collection of a direct annual
ad valoreri tai: on all of the taxable property in said city, in
addition to all other taxes, sufficient to - aay the interest
accruing thereon as required by said interest coupons, pro" 7 t 1
when and on the date the same falls due and also to 'd.iychaz e:_
the nrineil al hereof at maturity.
rl
gym.,
This bond is redeemWb -le t the pleasure of the_ Cr y' on
and after July 1, 1V35 in the order of its number.
IN T1'STIHONY 7rHERFOF', the City of Cald well, in Can.-
yon County, State of Idaho, by its ": ayor and Council, has caused
this bond to be signed by its :ayor'arid attested by its City
Clerk-, under the corporate seal of said City, c')d to be counter-
I
ure d by its City Treasurer, and the. coupons hereto attached
to be 1 ,�ii'gnad by said. Treasurer by his facsimile signature, and
said officer does, b the execution hereof, adopt as and for his
own proper i,.-na.ture, hi.e facsimile signature a on said
coupons, as of this first day of July, 1925.
attest:
City* C le rr..
Counterdi;^,_.ned:
City Treasurer.
-- - - - - - - - - - - - - O 'CO
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(-
No. $23.75
The City of Caldl.rell, Canyon County, Idaho _ - ,will ,pay
January
to bearer on July 1, 12_ — , at the office of the City Treae-
uxer. of Ca,�Ld.rell, Idaho, or at the establishment of Kountze
Brothers, in the City zn(i State of New York, U. S. A., at the
o - otion of the holder hereof, the s=4 of T Three and 7 OC
20'`
Dollars k"'23 75) heir -1 the amount due that day for six onths
interest on its 'runioi_ra'l Coupon Street Iaorove__ient Bond, issued
in conforrzity .with the nrdviaions of Chapter 17C, Compiled Statutes
of 'Idaho, 1219, dated July 1, 1 end nvwOered
City Treasurer.
(CERTIFICATE OF CITY CIjMK
COUTITT
CITY OF CfA VV7ELL !`
° = I, the undersigre d, City Clergy of the City of CaIdr- '11,
State of Idaho, do hereby certify that the within bond has been
duly registered in a public record book kept for that purpose
on file in ny office, said regist d7tlorx 'being in all respects as
required by la - *, arid' the signatures on this bond are the
genuine signat=zs of the ::ayc7 , Clem and Txeasurer' of the City
of.Caldwell, and the signatures on the coupons are the genuine
facsimile signatures of the City Treasurer.
( U F A Tj >
city Clerk.
Sec. e of prova � r funs to< iay the
interest on said bonds Promptly when and as the saar.e fa3l:�s ° du
and to constitute a sinking fund for the :ayaerent of the iarl'c ipal
o:. - sa.id'bonds :at, maturity, .there shall be levied upon all .of the
taxable _)rope - t within said City of Caldwell, - in addition to all
the authorized taxes, the following:
In the year 1985 a tax muff ioient to produce the net
sura of �r2,921.25, being for interest p able in the years 1
and 1926.
N
In each of the years 1920 to 1 0 ,,34. both years i zclus`ive,
a tax du.fficient to produce tine net sure of •`,51,947.50 in each year,
•bpi f or interest.
In each of the years 1935 to 1943, both years inclusive,
a tax suffieient produoe the z>el smi 'o 7:�5 ; 0 in each
year? 1, 947."4 ,tieing for interest and X4,100. C)G 'being for rin-
cipal.
In the year 1944, a tax sufficient to produce the net
sum!' of ""5,073.75; X973.75 being; for six months' inter st; rid
~4,100.,00 being for principal
Said tax, y4i-en collected shall by the Treasurer of
said City Iie• ?rent in a se- parate fund to be ''cnown as and d.esig-
na-6d "Street Improvement Bonds, July 1, 1925, Interest and
Sinking Fund," whtdh shall be irrevocably pledged to and used
solely for the payment of the 'interest and arinoipal of the
said bonds hereby authorized when due, so long as any of said
bonds or the interest coupons thereto appertaining remain out -
standing and unpaid, and for xreater c inty the Common Coun-
cil of said City of Caldtivell, Idaho, shall in each of said years
1925 to 1944, 'both inclusive, ;include the bond tax hereinaoove
levied for such years in the annual estimate for said city for
suoh .year, and said Mond tax shall., in each of said years be
i
certified, extended upon the tax rolls and collect - ed by the 3arl'a
oi. 6ere, in the same manner, and at the.. same time ae the taxes
for general municipal purposes for said city are certified, ex-
tended and collected. ;
Sec. 4. All Ordinances, resolutions and orders, or' 1
parts thereof in conflict herewith shall be, and the same are
hereby re and an enerc^ency existing, this Ordinance 91 11
oe in full force and effect immediately after its passage, approval
and due Dub lioati on.
PASSED AND APPROVED By the City Council,' this
day of _ , A. D. 1925.
APas"t-OVED'By the , of the City of Cald,jell, this .
day of A. D, 9:25
: ayor of e z y o. 1d
Attest:
City C ,e
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