The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1895-08-17
Election Notice.

'@NNN ~ hbr tllIlN SSsNiuu Vi Xix
legislature of the state OF Idaho, mp
} proved March s. 1855, the board OF
} county commissioners of kouteua
county, state OF Idaho, made an exam
inatlon into the financial condition OF
TIE county aforesaid, and after examin
ing the records and files of the board
aud the reports OF the auditor and
treasurer Of the county, find that exclu
SiEe OF The bonded Indebtedness OF the
county, that there is an outstanding in.
etbtedness, as shown by warrants
issued prior to the second Monday OF
January, A. d. 1850 OF SIS. ISL. a. upon
which there is accrued Interest ND 10
the 3rd day of jane, \. d. 1920. Us lear
as the SAME can be estimated. amount.
mg to s4u.D,, which warrants the
board finds are valid and legal ob.igu.
( tons OF the county. The board further
/ Enus that there Is now in the treasury
OF The county no money applicable to
tile discharge Of such indebtedness,
leaving the outstanding Indebtedness OF
the county rs evidenced by such war
rants, including interest rs above spec!-
| he'd, at 81. ,6a92l, and the board tugther
hudS that said warrants are DRAWN. i'll
tercst at the rate OF seven per cent. per
| dhnum which the board believes could
o. funded 10y the Issue OF bonds beaglng
interest not 10 exceed SIX per cent. per
( dnnuW, said warrants are not at par
thus depreclatiag the credit OF the
county aNC causing those who furnish
materials Q. perform services for the
county 10 charge above the market rate
Tor such materials and services, thus
greatly increasing the cost Of carving
on tde BUSINESS u The county, and fur
'aer the legislature Of the state OF
Idaho at its last session passed q Rev.
eCue Act by the provisions " which, IN
case the outstanding indebtedness OF
any or the counties vi the state is not
funded 10y tie issue OF bonds for the
redemption Of same, the board OF com.
missioners OF such counties are rsguIrru
TO levy special lax for the redemption
and payment OF said warrants, aud il
would seem that in View of the present
depression IN trade and business that X
would be GI!wise to place any heavier
burdens Oh tie tax payers Of the county,
already necessarily heavily taxed by
tie imposition Of any additional tax
unless sanctioned by vote VI tie
county, tor these reasons, the Interests
u tac county require and tie board
deem It for tie pubic good 10 Issue
bonds OF the county 10 fund Tie out
standing warrants. The board fuTt... -,
Il4s, that as such bonds caJs
g"tIHtrd and sold ls.s7ra y. ,.n-.t
time that IL NM some !ehgth OF
g. 81 be necessary to issue
bonds somewhat IN excess OF the pres
eNt Indebtedness 10 cover the Interest
accruins up to the time OF the ue.otia-
tIon aud sails OF such bonds, which VIII
amount, as near as can De estimated, t.
the sum OF Sl5zo.3t
And the board beng fully advised in
the premises, it IS hereby ordered that
the board Of county Commissioners If
hoo;ena, county, Idaho, IN pursuance
of the act Of the legislative assembly 81
The territory of Idaho, approved Jauu.
airy %, 1857, and Of the act OF tie Leg
tttI7e OF the state OF Idaho. Immeud4
tory thereto, approved March ;, 1870,
and Of the provisions Of the COastl;u-
ton of the state Of Idaho, f~-c,ion IL, .
Article s. will issue and sr,. uagotiaLir
coupon bonds Of tHc SAID county Of
kootena;, to the amount Of styI545J.
.ha. being the total amour: IF the out .
standing indebtedness Of the county as
evidenced by warrants issued pr!Or to
she second Monday OF January. \. u. .
1879, including interest on said warrants
which has accrued and the probable
as near as can be estimated.
that Will accrue before IL. said bond,
can be disposed of and realized upon,
there being no money IN the treasury
0; the county applicable 20 the payment
)f such Indebtedness or 50 much Of
said sum a. may be necessary TO fund
such Indebtedness and redeem said
and no more Of such bonds
shall be issued and sold than shall be-
Tee eestry for such purpose, provided
that the issuing Of such bonds be frs;
authorized by vote Of two-.h,rds Of
the qualified electors Of the county yot
ES IL an election 10 be held for thl.
purpose, rs hereinafter provided. SAID
bonds shall be issued as near as prac.
.lcab.e, in denominations Of one thgus-
nd dollars, or If necessary in denomin-
atoms u tive hundred and one hundred
dollars, and VIII bear interest a.aratp
lot to exceed SIX per cent per anulm.
he interest to be paid on the first Gay
II January and the frat day Of july in .
Zach year, a. the office Of the county
Teasurer, or at such bank i. the city of
sew York As may be designated By The
'oaTd Of county commissioners. such !
'onds to be redeemed by the county in
he following manner ten per cent Of
be total issued to be paid in ten years
rom the date Of Issue, and ten per cent
ach year thereafter unit, al. Of said
'Onds are paid
Now therefore, Notice is hereby given
hat special election by the qualified
lectors Of Kootenai county, state Of
IDAHO, will be held in tn. several pre-
nets Of said county, on Tuesday the :.
9Th day Of August 4. b. 1875, 49,. !.
........ precinct. place Of
O!ding election. .......
..... which elnctinn zb,1I L.. :