The Meridian times. (Meridian, Idaho) 1909-1938, 1909-12-31
ORDINANCE NO. 10.
BY z. e SIMS.

FtS
State of Idaho, For the purpose of SUBJ
mitting to the qualified Electors who
are Tax Payers thereof the Question
of the Issuance of Municipal Coupon
Bonds of said Village, in the Total
amount of Twenty Thousand Dollars,
for the Following Purposes. to-Wit:
To provide the funds Necessary to pay
the Costs of the Establishment and
Construction of complete Water Sys-
tenn for the said Village of Meridian,
and for purchasing a Power site for
pumping purposes, and the power
necessary for such pumping the dig
ging Or boring of suitable we'll for
supplying water, the erection of
necessary tanks, the Establishment of
water mains, and for all other pur-
poses connected with the Establish
ment and Construction of complete
and proper water system for the said
Village of Meridian. And to Provide
for the collection of an Annual Tax
the Village of Meridian, Idaho, suffi-
cient to pay the Interest on such
Bonds, as it falls due, and to create
and constitute sinking fund, for the
Payment of the Principal thereof
the issuance of the same as. they be-
come due.
Be it Ordained by the Chairman and
Board of Trustees of the Village of
Meridian, Idaho.
Section /. That a Special Election
of the Qualified Electors, who are Tax
Payers thereof of the Village of Meri-
dian, County of Ada, State of Idaho,
shall be held therein on Saturday,
February 18th, 1910, for the purpose of
submitting to the said Electors the
Question of the issuance of, by said
Village, Municipal Coupon Bonds in
denominations of 500, $500 and $1,000
each, payable within Twenty years
from the date of the issuance, redeem
able at the pleasure of the said Village
at any time after Ten years, bearing
interest at rate not to exceed six per-
centum per Annun, interest payable
sen1i-annually, in an amount in the
aggregate not to exceed the sum of
$4,000 Twenty Thousand Dollars,
and to provide for the levy and collec-
ton of an Annual Tax upon all the
Taxable Property in the Village of
Meridian, sufficient TO pay the interest
upon said Bonds as it falls due and to
create and constitute a sinking Fund
for the payment at any time after ten
years of the Principal of said Bonds,
as they become due, for the following
described purposes, to-wlt:
unicipal Coupon Bonds to
be known as 'Water Works Bonds,"
to the amount of (S20,00O) Twenty
Thousand Dollars, to provide the
funds necessary to pay the cost and
expenses of the construction and es-
tab1ishment of a complete water works
system of the Village of Meridian,
and to purchase power site and 1oca-
tion for a power house and water
power rights for the purpose of pump
ing water or any other power or ma
chinery that may be found necessary,
for the purchase of materials for said
works and improvements, and the
construction of the same.
Second-Said bonds if authorized to
be issued by the vote of the qualified
electors who are tax payers of said
Village, shall be payable Twenty
years from the date of issue, but shall
be redeemable at the pleasure of said
Village of Meridian, at any time after
the expiration of Ten years from the
date of said issuance, said bonds
shall bear interest at the rate not to
exceed Six per cent per annum. inter
est payable semi-annua11y, and shall
in all respects comply in form and is
suance with the provisions of Section
2315, of the Idaho Revised Codes, as
amended by the Session laws of Idaho.
1909, at page ia and Sections 2316 to
2371 Inclusive, of the Idaho Revised
Codes.
Section ,. That in order to provide
for the payment of the interest on said
Bonds authorized to be issued at the
election herein provided for and to
constitute sinking fund, for the pay.
ment of the principal thereof, at ma
turity, direct tax, in addition to all
other village taxes, shall be levied, and
collected annually, on all of the taxable
property, within the Village of Meri-
dian, sufficient to meet the interest, on
all such bonds, as may be issued,
promptly as the same natures and
also sufficient to establish and
maintain a sinking fund,
which shall be sufficient to pay all
bonds called in after the expiration of
Ten years and before the maturity
thereof and also to promptly meet and
pay the same.
Section 3. At least Thirty days.
notice of the time of holding said
Special Election, is hereby directed to
be given, by publication in the Meri-
dian Times, the official newspaper of
the said Village of Meridian, and said
election shall be conducted in accord.
ance with the ordinances of said Viii
lage and the laws of the State of
Idaho, in such cases made and pro-
vided.
Section 4. That the voting at such
election shall be by ballot, and the
ballot shall be so prepared as to per-
nit the electors to express their de-
sire on the issuance of said bonds.
Such ballots shall be as follows,
to-wit:
WATER-WORKs BONDS.
In favor of issuing bonds to the
amount of $40, 900 to provide the neces-
sary funds to pay the costs of con-
struction of complete and proper
water system of the Village of Meri-
dian, and for purchasing a proper site
for pumping purposes and the power
necessary for such pumping and all
necessary supplies and machinery,
and the putting in and maintenance
of such water system.
Against issuing bonds to the amount
of $4,000 to provide the necessary
funds to pay the costs of construction
of Il complete and proper water system
IS +t,a V;ilacyn pf Meridian and for fhe