Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1902-06-12

state of Idaho entitled "An act to
provide for the issue and sale of
municipal coupon bonds by incor-
porated cities and towns; for the
application of the funds derived
from the sale thereof, and to pro-
vide for the payment of the prin-
cipal and interest thereon ap-
proved Feb >, 1899. Such bonds
shall be sold for cash, and in no case
must said bonds be sold for less
than the face or par value. All
proceeds derived from the sale of
said bonds shall be applied exclu-
sively to the purpose aforesaid for
which said bonds are issued.
Sec. 6. That for the purpose of
the payment of the interest on the
said bonds as it falls due, and also
to create a contingent or sinking
fund for the payment of the prin-
cipal of said bonds, as they be-
come due, there shall be levied an
nually by the trustees of the village
upon all the taxable property with
in the said village a sufficient sum
to pay the interest and an addi-
tional sum sufficient to pay the
said bonds at maturity, in addition
to all other taxes authorized to be
levied, and the faith and credit Of
all taxable property within said
village is and shall continue pledged
and the proper officers of the said
village shall continue to assess and
to collect such taxes on all the tax
able property within the limits
thereof necessary to pay said bonds
and the interest thereon as the same
shall become due. Should the taxes
for the payment of interest on any
of such bonds at any time not be
levied in time to meet such pay
ment the interest shall be paid out
Of any moneys in the village gen.
eral or expense fund and the
moneys so used for such payment
of interest shall be repaid to the
fund from which SO taken, ont of
the first money collected for taxes.
SEC. 7. Be it further ordained
that the question of the issu-
ance of the said bonds to the
amount, for the purpose, and in
the manner hereinbefore provided
be and the same is hereby submit
ted to the qualified electors who are
taxpayers of the said village Of
Grangevii.e.
Sec. s. That special election
of the qualified electors who are
taxpayers of the said village shall
be holden on Tuesday, the ID day
. of July, 1902, at the public schoo
building within the said village, al
which election said question shal
be voted upon by the said electors
SEC. 9. Such election shall b,
conducted as other village elections
The voting at such election shal
be by ballot and the ballot uset
shall be substantially as follows
Sin favor OF issuing bonds to tn
amount of $4,000 for the purpos
: stated in Ordinance No. 49," ant
, , against issuing bonds to tn
= amount of $4,000 for the purpos
stated in Ordinance No. 1877
: SEC. 10. Thirty days notice c
said election shall be given by pub
Il lication in the IDAHO COUNTY FIRE
Press, a newspaper OF said village
> printed, published and circulate
+ therein, by publishing the sam
!, once III each issue of said pape
u from the passage of this ordinanc
u to the date herein provided for th
$ holding of said election, which NJ
70 tice shall recite the provisions I
: this ordinance and the question
u be submitted to said electors, an
- designate the time and place I
10 holding said election as hereinb
" fore provided, and shall be signe
by the chairman of the board
u village trustees and be attested b
70 the village clerk, and the sa
IL chairman and clerk are directed
d cause the publication of the sa
ie notice accordingly.
> Now, therefore, in pursuance
~ the provisions of said ordinan,
@ee @ notice is hereby given by the boal
(. of trustees of said village that
s' special election of the qualili,
.e electors who are taxpayers of Il
10 said village will be holden on Tue
D, "a day, the 10Th day of July, 100
III between the hours of 8 O'Clock .
NJ. and O'Clock z. NJ, at the pu
o oe lie school building within said v
l'e u lage. At which time and pla
~ ~ such electors may cast their ballC
oo o upon the question of the issuan
~ W of municipal coupon bonds of sa
u village in the sum of Five Tho
oo sand (s5000) Dollars for the p,
'n poses and in the manner specifi
u and provided in the said ordinant
''s The ballots used shall be substa
NC TALLY in the following form, as pl
y vided by said act and said or
en nance: "In favor of issuing bon
70 TO the amount of Five Thousa
m lse (S5O00) Dollars for the purpo
:" =, stated in Ordinance No. 49," a
ne a against the issuing bonds to
'p- amount of Five Thousand (s5O(
~ 20 Dollars for. the purposes stated
Ordinance No 7Sp