The Parma herald. (Parma, Idaho) 1903-1917, 1909-03-25
ORDINANCE NJ. S5.

TO pay the PRINCIPAL and Interest
Thereon at Maturity.
Be II ordained by the Chalgman and
Board Of Trustees Of the Village Of Pag,
mai
Section /. That for the purpose Of
providing funds for the construction and
maintenance of she necessary water
works and supplying the same with wa
ter, aud for the laying, constructing,
equipping and maintenance of sewers
and drains in the Village OF Parma,
there shall be and thare is hereby auth
orised TO he issued the negotiable
municipal coupon bonds OF said
Village to the amount oy $i2, 900 which
shall ba known and designated as "Wa-
ter Works and Sewers honis." Said
bonds shall bear date Of April 2, 1903;
shall be numbered from ono ~ tu
Twenty-four t24), inclusive; shall be OF
the denomination of Five Hundred Dol
lars ($500) zach shall become due and
payable April l, 1929, but shall Ire re-
deemable at the pleasure OF said Village
OF Parma at any time after this expira-
ton Of tee years fran their date. The
said bonds shall bear interest at the
rate OF six (6) per centum per annWm
payable semi-annually, on the first day
OF January and the FIRST day Of July in
each year, which said interest shall be
eyidrnced by proper coupons attat he'd to
each bond and both principal and inte-
rest of said bonds shall he payable at
the Office OF the Treasurer OF the Village
lof Parma or at the banking house of the
First National hank in the City Of New
York, State of New York. at the option
OF the holder thdreof.
Section 2. The said bonds shall be
signe, by the Chairman OF the Board o.
OF Trustees, attestei by the Village
Clerk, and countersigned by til,
Village Treasurer, aud the cor
porate seal of said Village shall he afiix
ed to each bond the coupons attaches
to said bonds and evidencing the inter
est thereon shall be signed by the Vii
lage Treasurer.
Section 3. Said bonds and coupon
attached thereso shall be in substantial
ly the following form, tn-wit,
"UNITED STATES OF AMERICA.
State OF Idaho,
County Of Canyon,
n Municipal Coupon Bond OF the Villag
OF Parma.
z WATER WORKS AND SEWER BONI
: NO.. ..... $4,000
> KNOW ALL MEN BY THEsR PRESENT
b That the Village of Parma, in the Coui
E ty OF Canyon and State Of Idaho, al
/ knowledges itself to owe, and for valu
\ received hereby premises to pay
+ .................. or bearer, tt
( sum of Five Hundred Dollars OH I'll
Z first day of April, A. D. 1929, or at an
time after the expiration of ten yeal
> from the date hereof, together with il
terest on said sum from the date here
I until paid at the rate OF SIX per centui
| per annum, payable semi-annually, o
| the first day Of January and the fir
day of July in each year; both principi
! ble in lawful money of the United Stat,
! OF America at the banking house of I'll
| First National Bank of the City of Ne
| York, State of New York, or at the O
flee of the Village Treasurer at Parm
Idaho, at the option Of the holder her
Of. And for the prompt payment
this bond, both principal and interes
ut maturity, the full faith, credit an
! resources Of said Viii ge are hereby
: revocably pledged.
THIS BOND is one of u series OF bon,
issued by said Village of Parma for Il
purpose Of providing funds for the CO.
struction and maintence of the necessal
water works, and supplying the SAN
with water, and for the laying, COZ
L. struction, equipping and maintenance
in sewers and drains in the Village of Pa
D ma, pursuant TO and in strict comp
ance with an act OF the legislature Of q
g State of ldaho entitled can Act to pr
vide for the issue aud. sale of muniCip
,g coupon bonds 10y incorporated cities al
~ towns for the application OF the fun
C. derived from the sale thereof; and
e provide for the payment OF the princip
OF and interest thereon" approved Febr
tt airy g, 1899, and was authorized
n more than two-thirds majority vote
ed the qualified electors Of said Village VI
We who were taxpayers therein, voting
on an election duly called and held on t
in 18th day of March, 1909.
is AND 1T is HEREBY CERTIFIED AND i
ed CITED That all acts, conditions a
to things required to be done precedent
ny and in the issuing Of this bond, have be
ng done, have happened and have be
on performed in due time, form and ma
ch ner as by law required, and that the
lrt tai Indebtedness OF said Village OF p
RS ma. including this issue of bonds, dc
ed not exceed any constitutional or stat
re- tory limitation.
er- IL TESTIMONY WHEREOF The Charm
and Board of Trustees of said Villa
if have caused tins bond to be signed
iii its Chairman, attested and register
nd by the Village ClerB, countersigned
NC its Village Treasurer, and have cau'
of the corporate seal OF said Village to