HomeMy WebLinkAboutORD 68r
rice to M u ! r t t th u�.l i f i ed I P,
t of t.1 ('ity
0 C (I - or R 2. 1 t.', I uc s t i o n o - u J- n LY (, o u r o n bonds of s,)jr! 6.3ty for.,
the sun of Ae,0 fo tlie �-urposg- of --rofi3_iding fo tli - of
a lhuiLllinE site, !CL for the orpotion �nCl const. of a publia
for t:i° of. ty of Id for the f urni shi nr ; of
s to - d° f or of ')Grids - nC- to - .-rovifle
for the - .1=- , vment of t1lp interest thereon, n<' to cre= ., =inl;inr fund
or 'the 7���,yment of J,-' I rlclr.fl thereof" by the levy of tA x
t;_Xes Of t"—, City Of
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the city of - ,Tithc)v.t a suit-'I)Ie
bujl:iiylz in -- �C of ti le, City � u F - I , I "n C'
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v q C! , 0 1 , h,� lr
fire -ad
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Of the rubliC ec 's: of
vo4r0k
con�,t�-ut RY-Ngmsr oa
s= id ci ty, �s -kk
co.-- council of th2 city of
d? ?m it I-o cqu-on fiords of ,F;ic! City for
t 1A _ :3um C., C"no t') j. n th e u t 2 0 ry I j j-,jj t ti on un a n .
E lnCL--_bt,, O
T - or tll" city of
"Thern-c).s th�_ 0 LIG91" :. ovicled
V -&n P.ct of th:- of the Of t c
itle "Al t
CIS h. M.
u r 0 a bon v
to Of ( " 0
ej-[,je-, -,3n to t 0' tlp
A, J3 iv = - 3reof;FLnd to -or
f ( ' 0. ' tile. th .
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r t t'� - r c� o n v'a
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BE IT ORDAIN�!D BY TH", lAYOat A.TTD CITY COUNCIL C F MY OF CALD,74ET1-o
E3ootion I-- That there zhall ba iFsoued by the city of
Caldwell, 'cl�.Jzt'a, iminiaipol coupon boards to the Haim of f
waw des llo.rs to bent interest at the rate to b q Issnod
for the eta. p000. and be sid by mean; of a. sinking f, d to bo
created as hereinafter to be 1sronoribed® provided thtkt two-thirds of
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the qualified electors of said ei'U r who are tax j?5iye:S.s,vetins at a i
special election hold as herein provided, shall anrsant t a the issu,imj
of wAd bonds.
Section 2. Said bondi 3hall, be issued in denomination of
one thousand es -WIi, nunzbercd consecutively,' and shall bear five por coot
interest payable semi- nrznual,.i.y or the first d.-ly of Tanuar� and Bialy of
each year, evidercead bW interest oou - pond attached to ffnah bonds ,
both orirsci al =0, interest to be ujada paayabl.o in United ;taatos p) °cal.d
coins of, or oquiiyaal.ont to the 1wooent rst�maard of wel, —ht axid fin,
and the intaesr°ea,t A,aya.ble at the option of the holder of rent' saaah
bori,ds, at the rfficsc of the city treaasaalor° rf the ctty of .ro&ldurall
in vwnyont oimty, Idaho, or A the Chase National 13aan1c of Neu York
in the city and stag of New York ,14iia:h „as,nk is desi, 'atr d for suQh
puxp , . , os. The pr°4 eip of sy_id ber - d n shRl.l be pryv sle at the office
of the city trogie rer of t, e said city of C Iftell, Ids =he, twenty
years after the date Cher „c:f, may be :redoemed at the pleasure of
said city of O 1.uGnall at any time after than Pxpiratlen of tern gears
from the date of the issiiin, thereof, and every such bontl rmast b6
redeemed in the order it is n7,am.- .� .
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Section 4.- Them shall be levied and aPapS€ ed and 601100tee
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annuall upon I.h: taxable pr. o )erty of the (PA(' city Of ^olel�oll,
sueoi.al taxes in addition to the other tgxe.9 aavt'horived by lays v-hip'
evil`! .nrodnae StIffiaient to pay the i�nterwst On such bond ''
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each year as it becomes due, and a130 SlIffi tO prod I 1 V t
of aollars per your on an& after
the 'yesr 19/ 2- imt-JI such bonds shall be paid.,j ,� shmli COY'Sti t'-Aa
a sinking fund for the of the same, Fluch sia nind
shall be kept sapar;Rte il.nd distinct from all other rooneys am f
in the city trossury an sy�all be hold , mxie that the income her of
may be safely invested b thmimayor ifmR coimail of saia aity, R
shall be used r=t the discretion of sAid mayot And connoil to radeern
said bond7, in their ni=ericaj Order after ter, w 7 earri from the dato
of Jssiiin said bondi zmd for re other purgoon. Such taxes Shall
be levied, assowged and colleoted na other city taxesJuntil the
bonds so issued shmIl be silly paid. Jraj.n6ine3 the interest there0n;
and t%o faith. credit , , , znd all the t&xmble property within the limits
of the c it y of shall be a continno to be pledged,
and the proper officers of s --id. city oha.11 oon•inllv to assess and
collect on all thr. t::�ixablv- property =itktiet lbhe, I i srits
of Said
Lmo SI)Oc - r Y' ar 0 min VK'
,l t f�.n(j ��pply them to the p, -, it f , h bonds
until the - i.'hole therpof, with the interest, ska-11 13 0 pRid.
Should the taxao for the pa.%ment of the JI-Iter•st, on Pmy
Ooliected in tine to ynee�t
suah bonds 3.t any time not be levied or
soh qa-,,7sant, the interest dial"Li I paicl alit of srs a money in the
R _ n a t r rone- a a - fo rn C,
general exPensO ft1rd Of BRid city, � r, o ii e - r ,
X,yment of intemost mmot be repaid to tile f und from which it
j
tq , 110 -, 0 lloctv
; d froim , �Iiah special taxes.
_ ten, 0 0
,f th fi I 0
Section ,3woc;a.l clacticon be hold in the said
of Caldwell, or, the of
fo he pjjrpcse of votinf_- npcn the questiem of i8s'Una 811ch bord"3-,
4
at -�,hicri elootion I�hn pepolls jh� be open a rnn npem for I the
sripe length of time %v^ othmr f-lea ct :tons.( amd the elaction shall b"t
0011( in tho s-,nc manner as other city olo'ctIMIS. zl,t mich
dleat:Lon none but quz 01CCtars ,ho are tz3ix paYorB shall be
entitled to vote.
t;oction G.- The city clerk i;3 iieroby directod to ivy
a :Least tnirt noi,jae € the eloo .7 on, pr.°cavieb for in section
, filp of t:hio or,d -J nce~ in the Ca1ftiel 7e o, a ;mvrppaper.^ published,
in and in genpral ci.r.c;i l- tior. in on-id city, high is her -�by c esiffn to
for such pur;.a;:.ses.
SeoticA 7,- T he voting at such eleotign shall be by ballot
end the 1 u9et. shill be rmbst ntiv l.: r,7 foll*�ws, to v,i't; i °in j
f-avor o 1. w 1i ' bKft to ti-e ammint of
A l
collar ° "�'° f�tr�a8 >t trn in! x i.nanoe nimber
Al "'AS: R& i oti'i � b�r�� y'to �t }� a t� l�zat of
l y --
a 2' number rt I
d l r a , a r trx F�nr Sq � ted i� cl�na,noa
�$ Be ion - ' If°`���s�n cs �o�int; the err t-a - ns of 211 ol.ectJ ion
't e -t�� ct 1 of t h ri Ii fa c:lect: ors who P.rc tax payers in the ;av,
City of C tvt 1? ' � 'a - mich election, �osent to the issuing of
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such boalc?13 utio '�n of the indebtedness frie;rclay drsrrzt;od for
the purpose afarewticl, t e colin O.f oaict cslts sl1al1 proceed t
provide for t;ne iosuin�; and ssi1e of anoh bonds adcording to tAIN.
Passed t;ne corrincsil of the csity of "aldwell, this
clay of NTT-4mbe�- 19u
Att ry 1
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