The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1902-05-24
ORDINANCE NO. SO.

N ordnance TO provide Tor the holding OF
special election in the City Of Weiser Idaho,
for the purpose OF submitting to the qualified
electors VINO are tax payers thereof, the Ques-
ton of the issuance OF municipal coupon bonds
| in the amount of eighteen thousand dollars to-
wit: &l2500 90 bonds to provide for the purchase
OF and construction OF necessary system of
water works S9Gd So a d supplying the same with
water; S2500.OO bonds to provide for the con-
struction and purchase OF system of electric
lights for streets, public buildings and grounds
$4,000. 90 bonds to provide for the establishment
| equipment and maintenance of a fire depart
ment and for the purchase OF suitable and nee
cessary apparatus. buildings and building sites
| for the use thereof; and to provide for the COL
lection OF an annual tax upon the property of
the City of Weiser, Idaho, sufficient to pay the
interest on said bonds as 1t falls due and to
ate and constitute sinking fund for the paw
ment OF the principal Of said bonds as they be-
come due.
Be it ordained by the Mayor and Council of
| the City of Weiser:
| SECTION l. That a special election of the
| qualified electors who are taxpayers thereof OF
the City Of Weiser, Idaho shall be held therein
on the 25th day OF June. 1902. for the purpose OF
| submitting to the said electors the question OF
| the Issuance by said city OF municipal coupon
bonds. in denominations OF 800, $500 and $1,000 OC
each. payable in 20 years from date OF issuance
redeemable at the pleasure OF the said City at
any time after the expiration OF ten years. bear
ing interest at rate not to exceed per centum
per annum, interest payable semi-annually
in an amount in the aggregate not to exceed the
sum OF S18. 600 00and to provide Tor levy and col
lection of an annual tax upon all the taxable
|
the interest on said bonds as it falls due And tc
create and constitute a sinking fund for the paw
ment OF the principal of said bonds as they re-
| spectiyely become due. for the following de-
| scribed purposes, towit.
LIST. Bonds to the amount of Sl2 500 90 to be
| designated rs Water Works Bonds to provide
| for the purchase and construction OF a necessary
| system OF water works and to supply the same
with water.
End Bonds to the amount of s25OO 90 to be
designated as Electric Light Bonds" to provide
for the construction and purchase of system
OF electric lights for the streets public buildings
and grounds OF the City of Weiser
Bird. Bonds to the amount of $4,000 90 to be
| designated as Fire Department Bonds to pro-
vide for the esta ishment equipment and
maintenance OF a fire department and for the
purchase Of suitable and necessary apparatus
buildings and building sites for the use thereof
for said cily.
Said bonds or any OF them, if authorized by
vote of the qualified electors, who are taxpayers
Of said City, shall be payable 20 years from their
date OF issue, but shall be redeemable at the
| pleasure of the said city at any time after the
expiration of ten years from the date of the is
suance and each bond shah be redeemed in the
| order it is numbered. Said bonds shall bear in
terest at rate not to exceed per centum per
annum, payable semi-annually, and shall in all
respects comply in form and issuance with the
provisions of an Act of the Legislature of Idaho
entitled, AN act to provide for the issue and
sale of municipal coupon bonds by incorporated
cities and towns; for the application OF the
funds derived from the sale thereof and to pro-
vide for the payment OF the principal and in
terest thereon" passed and approved at the 9Th
session OF said Legislature in the year 1890 Sec
tons 1887 to l945 inclusive OF Political Code of
| Idaho. edition OF 1901.
SEcTIoN2. In order to provide for the paw
ment OF the interest on such OF SAID bonds as
are authorized at the election herein provided
for and to constitute sinking fluid for the prin-
clpal thereof Mt maturity, "a direct tax in addi-
ton to all other city taxes. shall be annually
levied and collected on al of the taxable prop
erty In said city sufficient to meet the interest
on all of such bonds may be issued and out
standing from time to time. promptly as the
same natures. and also sufficient to establish
and maintain sinking fund which shall be suf-
hcient to promptly meet the payment Of the
principal thereof, at their maturity.
SECTION 3. It least 30 days notice OF said
special election is hereby directed to be given by
publication in the Weiser Signal" and "Weiser
World, newspapers published in the City of
Weiser. and OF general circulation therein and
said special election shall be conducted in ac-
cordance with the Ordinances of said City and
the laws OF the State OF Idaho in such cases
made and provided,
be by ballot and the ballots shall be so prepared
as to permit the electors to express their desires
on the issue OF each one OF the said three classes
of bonds separately. Such form OF ballot shall
be as fOllows
LIST Proposition-Sl2.5 10000. Water Works Bonds.
IN FAVOR of issuing bonds to the
amount OF $12, 500 90 to provide for =
the purchase and construction OF a 4
necessary system of water works l
and supplying the same with water.
AGAINST issuing bonds to the
amount of S12 10000 to provide for
the purchase and construction OF n 4
necessary system OF water works 1
and supplying the same with water.
end Propositions 25Oo.OO Electric Light
Bonds.
!:
IN FAVOR OF issuing bonds to the
amount OF S250000 to provide for =
the construction and purchase of "a 4
system OF electric lights for the l
streets. public bulldinpe v
grounds OF said City.
AGAINST issuing bonds to the
amount OF S250000 to provide for
the construction and purchase OF 4
system OF electric lights for the
streets, public buildings and Y
grounds OF said city
3rd Propositions 100000 Fire Department
Bonds.
IN FAVOR OF issuing bonds to the
! : 7. !
amount OF 100000 to provide for ~
the establishment, equipment and 4
maintenance of fire department 4
and for the purchase OF suitable 1
and necessary apparatus, buildings Y
and building sites for the use
thereof in the city OF Weiser.
AGAINST issuing bonds to the
amount of t3OOO.O0 to provide for
the establishment, equipment and
maintenance OF a fire department 4
and for the purchase OF suitable l
and necessary apparatus. buildings
and building sites for the use there
OF in the City OF Weiser.
Each qualified elector voting at said election
shall indicate his choice on each one OF the
three propositions, by placing cross (X) in the
appropriate circle on such ballots
None OF such propositions shall be deemed to
have been carried unless assented to by a two
thirds vote of the qualified electors who are tax
payers in the City OF Weiser, Idaho voting at
said election.
SECTION 5. This ordinance shall be in full
force and effect from and after its passage, ap-
proval and publication.
Passed and approved the 9th day OF May. 1902.
Attest. THOS f. ELY.
STEWART II. TRAVIS, Mayor.
City Clerk.