Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1903-12-11

pose OF submitting to the qualified ele.
tors, who are taxpayers Thereof. II,
question OF the issuance Of munis ips
coupon bonds in the total amount q
EeaeveD thousand dollars, for the follow
ing purposes, towit to provide for tn
purchase OF and construction OF a nee
ssssry system Of municipal water work
buildings and building sitter and 70 sup
ply the same with water for municipal
IRE protection, domestic, commerce..
and sanitary purposes and uses by til,
Village and inhabitants thereof; and tt
provide for the collection OF an ANNA
tax upon all taxable property within
tie Village Of ShosboDe. klaho. sufiic-
lent 10 pay the interest on such bonds
~ 1t falls due and 10 create and consti-
tute a sinking fund for the payment OF
the principal thereof within 20 years
from the trme OF the issuance bf the
same as they become due.
Be II ordained by the Chairman and
Board Of Trustees Of the Village Of sho-
sbone:
Section /. That special election Of
the qualified electors who are tax pay.
ers thereof, Of the Village OF Shoshone,
State of Idaho, shall be held therein on
the eighteenth day Of January, 1904. for
the purpose Of submitting to the said
electors the question OF the issuance of
by said Village Of municipal coupon
bonds. in denominations Of 1900,
1900 each, payable within ~ years
from the dale OF issuance redeemabIe at
the pleasure of SAID Village at any time
after the expiration Of ten years, bear
Ing interest at rate not To exceed per
;entnm per annum, interest payable
in an amount IN the ag-
Iregste not to exceed t1l0OO, and to |
provide for tie levy and collection of an
annual tax upon all the taxable proper
v in the Village Of Shoshun, sufficient
o pay the interest on said bonds AS it
Hlls due and TO create and constitute
linking fund for the payment at any
ime after ten wears OF the principal Of
aid bonds as thew respectively become
ne. for the following described pur-
'ose, to-wit:
Municipal coupon bonds to the
mount Of $ll000 to be designated rs
Water Works Bonds", to provide for
he purchase VI all material necessary
nd for the construction OF and main
OF a complete and necessary
vstem OF municipal water works buil,l-
IKE and building sites, and to supply
ie same wf,lf water ior municipal, fire
rejection, domestic, commercial and
'nitary purposes and uses by the vii {
ge OF Shoshone aud by the inhabitants {
,ereof. - rf.s1s'
Said bonds, or any of them, if author
ed by the vote OF the qualified electors, q
DO are taxpayers thereof, shall he pay r
Die 20 years from their date Il issue, 4
II shall be rsdeema BILE AT the pleasure
the said Village Of shoshone at any
me after the expiration If 10 Years
pln the date OF said issuance, and
oh bond shall be redeemed in The or !,
r II Is numbered. Said bonds shall q
AR interest at II rate not to exceed O Il
Y centnm per annnm, interest PAYABLE n,
and shall in all respects n
IMPLY IN form and issuance with the
DIVISIONS Of an Act Of the Legislature n ~
Idaho. entitled, IAN act tn provide ly
the issue and sale for municipal cuu-
n bonds bv Incorporated cities and r.
sns; for the application OF the funds
rived from the sale thereof; and 10
wide Tor the payment Of the rrinci-
and interest thereon, passed and
proved at the 9Th session Of sail Leg
,ture, in the year 1899, and contained i
Sections 1887 to 1915 inclusive. OF the
iIicsl Code Of Idaho, Edition If 1911
ection 9. In order TO provide for the
'ment OF the interest ON said bonds i;
l,or .xsd t. be issued ut the election OF
elm provided for su, to constitute -
king innd for the payment OF the IN
aieipsl thereof at maturity. direct ]
. IN addition to all other Village
e., shall be annually levied and col
ell On allof the taxable property ia
Village OF Shoshone, sufficient to
u the interest on all OF such bonds
nay be issued aud outstanding from,
. to time. promptly NJ the same ma
IS, and also sufficient to establish
maintain sinking fund which T
! be- sufficient to pay all bonde Ne
III in after 10 years and before the
urity thereof and also to promptly