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

To the Electors of the Village
Of Grangeville, Idaho County,
Idaho:
Whereas, The Board of Trustees
of the said Village of Grangeville.
pursuant to the powers in them
vested by the provisions of an act
of the legislature of the state of
Idaho entitled can act TO provide
for the issue and sale of municipal
coupon bonds by incorporated cities
aud towns; for the application of
the funds derived from the sale
thereof, and to provide for the pay
ment of the principal and interest
thereon" approved February 2,
1899, duly passed an ordinance of
said village entitled "An ordinance
providing for the issuing of muni-
cipal coupon bonds for the purpose
Of providing funds for the erection
of village hall and Office building
and to purchase building site
therefor; to, provide for the sub
mitting of the question of the issu-
ance of said bonds to a vote of the
electors of said village and calling
a special election therefor" Which
Ordinance was passed and approved
June Z, 1902, and is numbered and
known and recorded in the ordi-
nance record book Of said village
as Ordinance No. IS, and which
ordinance provides as follows:
SECTION. /. That upon the ap
prOyal and ratification of this ordi
nance by two-thirds of the quail
fed electors, who are taxpayers o
the village, voting at the election
hereinafter provided for and as
senting to the issuing of the bond
and to the incurring of the indebt
ness hereinafter provided for, 70
the purposes hereinafter specified
there shall be issued coupon bond
: of the said village of Grangeville t
the total amount of $4,000.
i. Sec. 2. That the purpose G
issuing such bonds is to provid
funds for the erection of publ
village hall and office building fo
the use and accommodation of tn
, officers of said village in the trans
action of public business, and fd
> the purchase of a building sit
therefor for the use of said village
SEC 3. That the estimated cor
of said building and building sit
: is the sum of $4,000, and that it
deemed advisable to issue coupe
- bonds for the entire amount of sal
, proposed Indebtedness.
Il SEC. 4. Such bonds shall |
known as municipal coupon bond
= of the village Of Grangeville, Idah
county, state of Idaho; shall |
q issued in denominations of S1OC
each; shall be numbered consecl
. lively from one to five; shall |
made payable twenty years fro
rs date of issuance, and shall bear il
y terest at the rate of not exceedir
8 six per centum per annum, to
y paid on the first day of Janual
RS and on the first day of July Of eat
year at the Office of the villas
treasurer, or at such banking hou
or trust company in the city Of Ne
u York as may be designated by Il
s. trustees of said village, at the o
u tion of the holder thereof. Pr
ie vided, That such bonds shall be I
0, deemable at the pleasure of the sa
ed village at any time after the exI
oy ration of ten years from the da
ne of issuance, and each bond shall
u, redeemed in the order that it
eu numbered.
n SEC. 5. Such bonds shall be I
KIT gotiated, sold, issued, register
and delivered by the board
ds trustees and the officers of the 81
EST village in strict compliance wi
nd the provisions of sections 4 ant