The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1909-08-06

following purposes for the general
good and improvement of said City of
Blackfoot and as follows:
For the purpose of laying, construc-
ton, equipment and maintenance of a
sewer system within and throughout
the City Of Blackfoot: ,$4l, 100000.
. For I,I the purpose OF laying, building
in and throughout the City OF Black
foot. 100000.
For the purpose of providing for the
establishment, equipment and mainten-
ance of a fire department and for the
purchase of suitable and necessary ap-
paratus and buildings and building sites
FOR the use thereon. $lO,5O0.0O.
Section 2. Said bonds shall be known
as municipal coupon bonds of the City
OF Blackfoot, County of Bingham, State
of Idaho, and snail be issued as near
as prartioa Die In denominations of one
thousand dollars each, but bonds OF
the denominations of five hundred or
one hundred dollars may be Issued
when necessary and each bond shall be
the date of its issuance, said bonds
must bear interest at rate not ex-
ceeding six per centum per annum.
to be paid on the first day of January
at the office of the City Treasurer, or at
such banking house or Trust company
in the City of New York as may be
designated by the Mayor and City Coun-
Gil of the City of Blackfoot at the OPP
ton of the holder thereof. Such bonds
the City of Blackfoot at any time after
the expiration of ten years from the
date OF the issuance, and each bond
must be redeemed in the order 1t is
Section 8. That said bonds must have
attachedeto each bond, when negotiated
semi-annual interest coupons covering
the interest expressed In the bond from
the date of issue until paid. Such bonds
tested by the City Clerk. and bear the
City seal, Iand be cQunter-signed by the
City Treasurer, and the coupons attach.
ed to said bonds must be signed by tia
City Treasurer. Each coupon must have
ponding with the number of the bond,
and each bond must state upon it's face
the amount for which the same Is IS
sued, the date of issue, and be made
or y bearer and must also recite that !;
Is issued in conformity with the pro-
visions of Chapter IL of the Revised
Codes of Idaho, relating to municipal
Improvement Bonds.
Section 4. That there shall be levied
annually upon all Of the taxable prop,
erty within the said City of Blackfoot
in addition to the authorized taxes a
sufficient sum to pay the interest on
said bonds as 1t becomes due, and there
SHdH also De IcViHu annually upon all
the. taxable property within the said
City of BlackfOot in addition to the au-
thOrized taxes sufficient sum to pay
said bonds as they become due, and
within twenty years from the time of
the issuance thereon, the same to be
purpose, and all such taxes must be lev
led assessed and collected as other City
taxes are collected, until the bonds so
issued are fully paid including the in
IL, e. 4. n
taxable property within said city, are
and must continue pledged and the
proper officers of the City must con-
tinue to assess and collect on all the
taxable property within the limits there
Of the necessary taxes to pay said
bonds and the interest thereon as the
same becomes due. Should the tax for
the payment of interest on said bonds
at any time not be levied or collected in
time to meet the payment, the interest
must be paid out of any moneys in the
City general or expense fund, and the
money so used for said payment of in
Lerest must be repaid to the fund from
which so taken out of the first moneys
from taxes.
Section g.. That an election shall be
1eld within the coporate limits of the
City of Blackfoot for the purpose of
submitting to the qualified electors,
who shall be taxpayers within the cor
oorate limits of the City of Blackfoot |
IN Saturday the 18th, day of Septem-
Der 1909, the question of whether or
lot said bonds shall be issued as pro-
'ided for in this Ordinance. Such cleo
ion shall be conducted as other City
Elections are conducted, and the voting
It such election must be by ballot, and
he ballot used must be substantially
Us follows: I'm favor of issuing bonds
o the amount of $57,500.00 dollars for |
he purposes stated in Ordinance No. |
TO-" Against issuing bonds to the |
mount of $57,50000 dollars for the pur-
'oses stated in Ordinance No. no."
Section 6. That the City Clerk Is
hereby directed to give thirty days
notice of said election as herein pre-
'ided for, in the Idaho Republican, the |
fficial newspaper of said City, and by
osting in five public places in said City
4 Blackfoot, and that notice shall be
omplete when thirty days have elapsed
etween the first and last publication.
Section Z. That the City Clerk is
ereby directed to have this Ordinance
ublished in one issue of the Idaho Re-
ublican the official newspaper of said
lily published therein.
SEAL)
Passed, approved and adopted this 5tn
ay of August, 1909.
r. N WEST,
Mayor |