The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1908-07-09

E or of the Village of Emmett. Ida
/, ho, or at the Chase National Ban
{ Of New York, in the state aud cit,
. of New York, place of payment TO
semi-annual interest on its bont
, number as above.
-. So.
4 Village Treasurer OF the Village
. of Emmett, Idaho.
Section 5. The Chairman ane
Board of Trustees shall give notice
in the Emmett Index, a weekly
newspaper published in said Vii
lage Of Emmett, in four consecutive
issues thereof, and in such other
newspapers or publications as 10
them shall seem most advantageous
for said Village, of its intention to
issue aud negotiate such bonds and
invite bidders therefor Such bids
must be in terms of cash, and must
be for not less than par and accru-
ed interest at the time Of delivery
of bonds After ascertaining the
best terms upon and the lowest
terms at which such bonds can be
negotiated the Chairman and
Board of Trustees shall secure the
proper engraving or printing there
of, and shall have them consecu-
lively numbered and otherwise
properly prepared and executed.
Section 6. When such bonds
shall have been executed as provid-
ed in section 5 of this ordinance,
they shall each be registered by
the Village Clerk in book to be
kept for that purpose.
In such register shall be stated
the number. date and amount of |
each bond. the time and place of
payment, the rate of interest, the
number of coupons attached and
any other proper description there
of. Such register shall be for pub
lie inspection at suitable hours.
Section 7. Said Chairman and
Board of Trustees shall from time
to time in such amounts as they
shall deem best, deliver said bonds
10 the Village Treasurer and take
ard file his receipt therefor. and
charge him with all bonds so deliv-
cred. The Village Treasurer shall
1nder the general supervision of :
'aid Chairman and Board of Trus-
ees, sell said bonds for cash, but
II no case shall said bonds be sold
or less than their face or par value
md the accrued interest at the time
If disposal. The said Village
Treasurer must keep record Of all
,onds disposed of, showing their
lumber, rate of interest, date and
mount of sale. and when and
where payable, which record he
must keep open for public inspec-
ion at all reasonable Office hours
Said Treasurer shall make detail
d statement of all his transactions
-lating to said bonds, to the 1
hartman and Board of Trustees
{ said Village, whenever required
y them so to do. II
Section s. There shall be levied II
nd assessed and collected annual
: upon taxable property within :
lie said Village of Emmett, a T
,ecial tax in addition to the other b
xes authorized by law, which Sc
i'll produce a sum sufficient to b
~ the interest on such bonds as b.
becomes due and also sufficient ia
produce the additional sum of tt
WO THOUSAND FIVE HUN al
RED ($2500.00) DOLLARS per tt
ar on and after the year 1918 +
it'll such bonds shall be paid, ca
lich shall constitute a sinking Ia
nd for the payment of the same. be
Ich sinking fund shall be kept ar
oarate and distinct from all other an
oneys and funds in the Village tn
asurv, and shall be held and to
tn the income thereof NAV be eli
Cly lANOStCN Nv LIZ NudlI Iudu 49,
Board of Trustees of the Viii tn
e, and shall be used at the dis. ID
tion of the said Chairman and
ard of Trustees of the Village, be
redeem said bonds in their nu- att
rical order after ten years from an
issuing said bonds and for no
er purpose.
such taxes shall be levied, as
sed and collected as other Viii
e taxes until the bonds so issued
II be fully paid, including the
,rest thereon; and the faith.
dit and all taxable property !,
hin the Village of Emmett, an anna q
II continue to be pedged. ana com com,
proper officers of said Village Of Sc
Il continue to assess and collect p proo
All the taxable property within desc desc
limits of said Village, such as re
,ial taxes and apply them to COM nj
payment OF such bonds until day day
whole thereof with interest c.
I 10 void tno't