Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1899-11-18
FIFTEEN PERCENT THE LIMIT.
TwO-ThirdS OF the Voters Must
Concur In the Bond Issue.

question Oh regal procedure and led to
the publication of all kinds Of assertions
as to the law in the matter and the steps
necessary to accomplish the act. The
Tribune of Thursday morning quotes the
| old law of 1898 overlooking the fact that
the act Of 1893 was amended by an act Of
the last legislature approved March 6,
1899. Under the new law section 20
was amended to read as follows:
"That the said city of Lewiston shall
have power and authority to borrow
money and issue therefor its negotiable
bonds with negotiable interest coupons
attached not to exceed at any time in
the aggregate fifteen usl per cent of the
value OF all taxable property in the said
city as shown by the last preceding
assessment roll of said city. for any or all
OF the following purposes:
First. To provide for the purchase
or construction and maintenance Of
necessary water works and supplying the
same with water and to provide for lights
for streets, public buildings and grounds.
Second. To provide for the laying,
constructing, equipment and maintenance
of sewers and drains.
Third. To provide for the grading,
paving, constructing and laying out of
streets and alleys.
Fourth. To provide for the funding,
refunding, purchase and redemption of
the outstanding Indebtedness of the city
either at this time or some future time.
Fifth. To provide for establishment
and maintenance Of hospitals, pest houses
and cemeteries, either within or without
the corporate limits of the city.
Sixth. To provide for the purchase,
Improvement, equipment and niainte-
nance of lands for the use of public parks
either within or without the corporate
limits of the city.
Seventh. To provide for the construc-
tion, erection of public buildings, and
building sites for the use of the city.
Eighth. To provide for the establish
inent, equipment and maintenance of a
fire department, and for the purchase of
suitable and necessary apparatus and
buildings and building sites for the use
thereof, and for all necessary public i'm
provements.
Ninth. To provide for the purchase or
construction and maintenance Of any
bridge or bridges across either Snake or
Clearwater rivers.
Tenth. To provide for the grading,
curbing, guttering, paving, macadamiz-
ing or planking streets and alleys, and
to levy and collect special assessments
upon the property to be benefited
thereby.
Section 2oA then prescribes the man
ner as follows: Whenever the common
council of said city shall deem it advis-
able to issue negotiable bonds of said
city for any Of the purposes aforesaid,
the mayor and common council Of said
city shall provide therefor by ordinance
which shall specify the purpose of issu-
ance of such proposed bonds; il it is to
create new debt the object thereof
must be stated, or if it is to fund or re-
fund any existing indebtedness; and
when it consists of warrants or other se-
curities, they must be described by Civ
ing their number, date, and amount, and
the fund out of which the same according
to the terms thereof are payable; and the
ordinance shall declare the purpose and
total amount for which such bonds shall
be issued, and designate the provisions
to be made to pay the interest on such
bonds as it falls due, and also to consti-
tute sinking fund for the payment of
the principal thereof within twenty years
from the time of the issuance ofthe same,
and shall provide for the holding
of an election of the qualified
electors Of said city who are taxpayers
of said city, of which thirty (3o) days
notice to be provided for in such
ordinance. shall be gwen in newspaper
in said city designated in said ordinance.
If at said election as provided
for in the Act, two-t thirds OF the qualified
electors who are taxpayers in said city,
voting at said election, assent to the
issuance Of said bonds, and the incurring
of the Indebtedness thereby created for
the purpose aforesaid, said bonds shall
be issued in the manner herein after
provided"
This is the law. The limit of taxation
is fixed at fifteen per cent and the elec
tion to carry the bonds must receive {
two-thirds vote of the taxpayers. Th.
last assessment roll of the city shows tn,
value of all taxable property to be fS3I,
goa. The limit Of taxation would givt
about SIPS, 900 available for some one o
the purposes above enumerated. Som,
part is already taken up. The question
arises OH the advisability Of using all o
the remainder upon the purchase OF q
water works plant.
80 r