Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1901-04-26
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city OF Montpelier, thxe it Unnecessary
FOR said city Of Montpelier TO cos1ssraet,
purchase and maintain water works
and supply the same with water, fsrthe
use of the city OF Montpelierand tie
inhabitants thereof, and that the pay
tssef sfsreosts and+expenses of the.
SAME by tke,issue and sale Of municipal
bonds, bearing intestre not more than FIVE
percent, with interest coupons attached
thereto, will inure to the profit. all
vantage ara; benefit, of said city Of.
Montpelier, without amy additional
liability incurred, to said city, and
Whereas. the total indebtedness of said
city of Montpelier. including the Issue
Of the bonds herein provided for, does
mot exceed the statutory andsconstitu-
tional Limitation, and,
f Whereas authority to Tissue such
municipal. bonds, for the purpose of
constructing, purchasing and MAINTAIN
ing water works, and supplying the
same with water for the use of Tire city
of Montpelier and observation-disclosures there
of, has-heretofore'b been granta6to all
Incorporated cities of the state ofFdaho,
by an Act of the Legislature of the
state of Idaho, entitled, AN act to pro-
vide fortife issuance of municipal bonds
fou nd on page SO, Of the 1899 Session
Laws, of the state of Idaho (Pinney's
edition1s .andswhich said act. is unre-
pealed and now in full force and effect.
Now therefore, the Mayor and Com
mon Counoit.ef thereby of,sMontpelier,
Idahos do hereby resolyeand orda;n.
/ Section l. And be. 1t resolved, that
the city of Montpelier in the, Gountyof
Bear Lake. State of Idaho, pursuant to
the provisions Of an Act of tAe Legisla-
ture of the Stateaof Idaho. entitled IN
Act ito provide for the issuanee- of
aauast6tPal bonds; found on page 80 of
t3e& 1899 session laws, of the State of
Idaho, (Pinney's iedffion) issue and sell
nineteen thousand five h2ndred-do1arss
negotiable, municipal, coupon bonds;of
the city of Montpelier, in Bear Lake
County, Idaho. which shall be dated
the lst day OF j uly 1901, and draw
interest," at. 1.-The rate of, not to exceed
live percent per- Gnnum, payable semir
annually, of the LIST day Of January and
July of each. year, the. principal and
interest of said bonds to be payable in.
gold, of the coin of the United States,
CD its present standard, of weigh 5sande
fnenesss at the Office Of the itY Treas
urer.. OF Montpelier, in Bear Lake
coumHy. Idaho; said; bonds to be the de-
IlHoaaination. of onerthousand dollars;
|t((S S11s Dos. COZ eaehT except No. 20 which
shall be for $500 and to be numbered
consecutively from 1; with semi-an-
nually interest ns~attachAdA here
to, covering the integgst expressed from.
the dale of the issue thereof, until paid;
said bonds to be payable within twenty
years from date, and at. the option of
thAcity Of Montpelier TO be paid at.any
ksiIne, after ten.years, from date thereof;
hthatsaia bonds be issued FOR .the pur-
pose of securing fahds withswhich to
purchase construct and maintain sys-
temsof water WORKS. and supplying the
same. withr;iwateF, for the purpose of
.furnmhing the city of Montpelier. Idaho,
l,and the inhabitants thereof with
water, provided, that two-thirds of the
kquahfed electors, who, shGAkSbe tax
pays of thecity Of Montpelier. voting
llat'a snecial election, hereaftea to te
held. by said city of Montpelier, shall
sssent to TIE issue. and sale OF. such
conds.
Section, o. Be ,fs further resolved.
that the systeBi Of water works thus
constructed, shall be owned and opeT-