The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1908-01-24
. Ordinance No. 81.

An Ordinance of the Village of Black
foot in Bingham County, State of Idaho.
providing for the issuance of Coupon
pose of purchasing the plat of land
described in this Ordinance, to wit,
the l. O.. 0. F. Cemetery, the same to
be owned and operated by the said vii
levy of tax upon all of the taxable
property within the corporate limits of
said Village to pay the interest on
said bonds as it becomes due, and pro-
pay the, said bonds as they become
due, and providing for the holding
Of an election of the qualified electors
who are tax payers within the corpor-
ing. for the giving of thirty 800 days
notice of such election by posting and
publication in the Idaho Republican, a
newspaper published in said Village Of
BE IT ORDAINED by the Chairman
and Board of Trustees of the Village of
! Blackfoot.
Section /. That it is for the best in
terest of the Village Of Blackfoot and
its people, and for the public good, that
coupon interest bearing bonds of the
Village OF, Blackfoot, in Bingham Coun-
ty, Idaho, to the amount of 100000
| ing, subject to the prior sales of lots
which have been conveyed, the follow
ing described tract of land situated
| about one mile North of Blackfoot, to-
wit: Commencing at the Southwest
corner of the North half of the South
west quarter of section 35 in Township
Two, South Range 35 East of Boise
Meridian; THENCE running. North 376
southwesterly 4SS feet; thence East
1921 feet to place of beginning; to-
gether with all water rights, ditch and
ditch rights, thereto belonging or in
oak, TIT
what is known as the T. o @. F. Gem
etery, and to be owned, used and kept
for a cemetery for the burial of the
dead.
and designated as Municipal Coupon
bonds of the Village of Blackfoot
County of Bingham, State of Idaho, and
shall be issued as near as practicable
in denominations of One Thousand
($1Ooo.0O) Dollars each, but i've Humid
red ($500,00) Dollar and One Hundred
($100.00) Dollar bonds may be issued
If necessary, each bond to be made pay
able within twenty (20) years from
the date of its issuance, said bonds
shall bear interest at rate not to ex-
coed six per cent per annum from date
until paid.
Section 8. That the Board of Trus-
tees of the Village of Blackfoot, in
Bingham County, idaho, shall cause to
be levied annually upon all of the tax
able property within the corporate lin
it's of the Village of Blackfoot, in add,
ton to the authorized taxes tn. -c4r-sl
of $4,000 or any sum less that rAsNsllm
sufficient to pay the ir+-7 '1ata may be
bonds, which said a., .,.q 1erest on said
assessed and ccISsAIm must be levied.
or Viliage ts.~.llected as other town
s s'ld .Hlk axes aa are :, collected within
paid semi annually on the first day of
January and the first day of July of
each year, at the Office of the Village |
Treasurer in Blackfoot,, Idaho or at |
such Banking house in the City of New
York, as may be designated by the
Board of Trustees of the Village of /
Blackfoot, at the option of the holder I
of said bonds.
Section T. That the board of Trustees
of the Village of Blackfoot in said |
County of Bingham, Idaho, shall cause
to be levied annually after the issuance
of said bonds, upon all of the taxable |
properly per v,, within the corporate limits
ton to the authorized taxes, the sum Of
$4,000 to constitute sinking fund for
the purpose of paying the principal of
said bonds as they become due, until
faith, credit and all taxable property H
within said Village are and must con- Il
tinue pledged and the proper officers
of the said Village must continue to
property within the corporate limits
thereof, the necessary taxes to pay
said bonds and interest thereon as the :.
same becomes du"
Section 5. Such bonds shall be re-
1eemable at the pleasure of the said .
Village of Blackfoot, at any time after I
the expiration of ten 10) years from .
The date of issuance thereof, and each
BOND must be redeemed in the order .
Section g. Said bonds must have at .
,ached to each bond, when negotiated, I
semi annual interest coupons covering .
he interest expressed in said bond 4
rom the date of issuance until paid. i.
such bonds must be signed by the
Chairman of the Board of Trustees and ."
lttested by the Village Clerk, and bear 4
he corporate seal of said Village and :.
'e countersigned by the Village Treas 4
,onds must be signed by the Village /
treasurer. Each coupon must have !
nnexed to the same number cor
ond, ard each bond must state upon I
Is face the amount for which the same
issued, the date of issue, and be made \
r bearer, and must also recite that it ?
J issued in conformity with an Act of I
ne Legislature of the State of Idaho, Y
roviding for the issuance of Munich Il
al Bonds, passed and approved, Feb I.
larry End, 1899. =
Section Z. That an election shall be
cid within the corporate limits in and !.
,r the Village of Blackfoot, for the <
lrpose of submitting to the qualified J.
ectors, who shall be taxpayers within /
lie corporate limits Of said Village of Z
lackfoot, the question of whether or /
1T said Bonds shall be issued as pro- !
ded for in this ordinance, and for the d
1rpose of purchasing the land above 7
Id herein described, for the purpose J.
,ove set out the polls to be open and !.
,ting to begin at 80 p. m. and close !
$3.50 p. m. of said day of Election. !.
Section g. That the Clerk of the !
)ard of Trustees of said Village of !.
ackfoot is hereby directed to give =
least thirty 500 days public notice i.
such Election by publication in one .
sue of the Idaho Republican, a news 4
per published in said Village Of 2
ackfoot, and by posting in five co 4
lblic places within the corporate 2
nits of the Village of Blackfoot. That \
tice shall be complete at the end of ?
irty 800 days from date of publica +
IN and posting thereof. -
Passed, approved and adopted this
nd day of January, 1908.
MARKUS BLENKLE, a
Chairman Pro Tempore. L