The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1894-01-13

| clerk OF said village, or town clerk. I'M
der the seal of said village, or town, and
then be countersigned by the treasurer
OF said village, or town, Of C1ur d Alene
and the coupons to said bonds must b.
signed by such treasurer. and must be
numbered with the number OF the bond
to which it is attached, and each Of such
bonds must state upon its face the
amount for which it is issued, to whom
issued, the date Of its issue. and must
also recite that it is issued in conformity
with the provisions Of the several acts OF
the legislature hereinbefore set out and
mentioned.
SEC. 4. That the board OF trustees OF
said village, before said bonds are issued
and negotiated, shall give notice OF tho
intention Of said board to issue and ne
gotiate such bonds to the amount OF
$ll,27l.0O in the aggregate by publica-
ton in some newspaper published in the
village OF Cnur d'Alene iii there be one
so published) for the period OF not less
than three weeks, and also give any 9TH
er additional notice or notices BY publ
cation in any newspaper or newspapers
elsewhere, as to the board may be deem
ed advisable for the best interests of the
village in their discretion. And in all
things said board must, when said bonds
are issued and negotiated, proceed in ac-
cordance with the provisions OF section
5 OF the act of the legislature hereinbe-
fore first referred to, approved Feb. "a,
1891, and the other aforesaid acts amend
asory thereof and supplemental thereto.
SEC. 5. That the board OF trustees
shall, at the time of the levy of the an
nual authorized taxes per each year for
said village. or at any other time such
levy may become necessary from any
cause, levy or cause to be levied and col
lected an additional annual tax sufficient
to pay the interest on said bonds as it
falls due, which said annual tax shall be
used for no other or further purpose
than paying said interest. And should
the said tax for the payment OF the in
time not be levied or collected in time
to make such payment OF said interest
as it becomes due, such interest shall be
paid out OF any other moneys in the
general or expense fund OF said village.
o. town, and the moneys 50 used for
such payment OF interest must be repaid
to the fund from which it was so taken
out OF the first moneys collected from
taxes.
SEC. d. That the bonds, the issuance
and sale of which are herein provided
for, shall be redeemable at the pleasure
OF the village OF CGar d'Alerc at any
time after the expiration OF ten years
fsom the date OF the issuance, and each
bond must be redeemed in the order it
is numbered; and for the redemption
thereof the board Of trustees OF said vii.
lage shall, at the frs. meeting thereof in
the next fiscal year hereinafter men,
toned, provide for and create a shaking
fund for the payment Of the principal OF
said bonds as they respectively become
due, and for such purpose shall, at least
one year before said bonds shall several.
ly become due, cause to be levied suf-
hcient additional tax in a sum sufficient
to pay said bonds; and all such taxes
herein provided for must be levied, as
sessed and collected as other village, or
town, taxes until said bonds and the in
serest thereon are fully paid. And the
faith, credit, and all taxable property OF
said village oil Ceur d'Alene, or to be |
therein, are hereby continuously pledged
to the full and complete payment OF all
and singular OF said bonds, with the in
terest thereon, according to the tenor
and effect thereof; and the faith OF the |
said village is pledged to continue to as
sess and collect on all the taxable prop |
erty within the limits thereof the neces-
sary taxes to pay said bonds and interest
as the same, or any thereof, become due.
Approved January 6, 1894.
FRANK BRISTOW, Chairman.
f. K. AWARD, Clerk.