The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1908-11-05
ORDINANCE NO. s2.

An ordinance providing for the hold
ing Of special election in the city OF
Twin Falls, for the purpose of sub
mitting to the qualified electors, who
are tax payers thereof, the question of
the issuance Of municipal coupon
bonds in the total amount of $4,000,
for the following purposes. to-wit:
100000 for the purpose of pro-
viding for the establishment. equip
ment and maintenance of fire depart
ment for said city and the purchase of
suitable and necessary apparatus and
building therefor.
100000 for the purpose of provid-
ing necessary public improvements In
said city, consisting of walks, cross
walks, bridges and culverts on the
streets and alleys of said city.
And to provide for the collection OF
an annual tax upon all the taxable
property in the city of Twin Falls, suf-
ficient to pay the interest on said
bonds as it falls due and to create a
sinking fund for the payment OF the
principal thereof within twenty years
after the date of issuance Of the same
as they become due.
Be it ordained by the Mayor and
Council of the City Of Twin Falls, State
of Idaho:
Section 1. That special election Of
the qualified electors, who are tax
payers, thereof, of the city OF Twin
Falls, state of Idaho, shall be held on
Tuesday, the 18th day of December.
1908, for the purpose of submitting
to the electors the question of the is
suance by said city Of its municipal
coupon bonds in denominations OF
81 100000, payable within twenty years
from date of issuance, redemable at
the pleasure of said city at any time
after the expiration of ten years, bear
ing interest at rate not to exceed six
per cent per annum, interest payable
semi mi-annually, In an amount In the
aggregate not to exceed the sum OF
S2O,OOO.OO and to provide for the levy
and collection of an annual tax, upon
all taxable property In the city OF
Twin Falls, sufficient to pay the In
terest on said bonds as 1t falls due
and to create and constitute SINK
ing fund for the payment at any time
after ten years from the date thereof
the principal of said bonds as they
respectively fall due, for the following
purposes, to-wit:
First.-Municipal coupon bonds to
/ the amount Of $1O,0O0.00, to be desig-
| mated "City of Twin Falls, Fire De-
y Dartment Bonds" to provide for the
n establishment and maintenance OF 8
Are department for said city and the
purchase of suitable and necessary
apparatus and buildings for the use
thereof.
econd.-Municipa coupon bonds te
the amount of 100000 to be desig
mated. "City Of Twin Falls Street I'm
proyement Bonds" to provide neces
sary public improvements In said city
consisting OF walks, cross-walks
bridges and culverts on the streets ant
alleys of said city.
Said bonds or any OF them, II au
thorized by the vote Of the qualified
electors. who ara. taxpayers thereof
shall beSpayGble in twenty years from
the date Of issue, but shall be redeem
Able at the pleasure Of said city Q
Twin Falls, at any time after the ex
niration Of ten years from the date Q
seid issuance. and each bond shall b!
redeemed in the order 1t ID numbered
eaid bonds shall bear interest 1t
rata not to exceed six percent per an
num. interest 70 b paid semi-annual!:
and shall IN al respects comply VIII